TYO:1850 Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	50,148	52,944	43,625	42,400	37,189	44,819
Other Revenue	1	1	1	1	-	-
Revenue	50,149	52,945	43,626	42,401	37,189	44,819
Revenue Growth (YoY)	4.84%	21.36%	2.89%	14.02%	-17.02%	11.62%
Cost of Revenue	45,020	48,122	39,841	38,377	33,195	40,944
Gross Profit	5,129	4,823	3,785	4,024	3,994	3,875
Selling, General & Admin	2,295	2,388	2,120	2,166	2,072	2,144
Operating Expenses	2,348	2,441	2,098	2,178	2,063	2,165
Operating Income	2,781	2,382	1,687	1,846	1,931	1,710
Interest Expense	-30	-19	-11	-20	-21	-31
Interest & Investment Income	47	22	7	7	10	5
Other Non Operating Income (Expenses)	-8	3	-62	-9	-51	10
EBT Excluding Unusual Items	2,790	2,388	1,621	1,824	1,869	1,694
Gain (Loss) on Sale of Investments	-	-	4	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	313	-	-15
Asset Writedown	-	-	-	-	-	-236
Legal Settlements	-	-	-	-	-610	-
Other Unusual Items	-	-	-	-	-	-349
Pretax Income	2,790	2,388	1,625	2,137	1,259	1,094
Income Tax Expense	788	674	525	241	-51	401
Net Income	2,002	1,714	1,100	1,896	1,310	693
Net Income to Common	2,002	1,714	1,100	1,896	1,310	693
Net Income Growth	31.02%	55.82%	-41.98%	44.73%	89.03%	40.57%
Shares Outstanding (Basic)	29	29	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29	29
Shares Change (YoY)	-0.00%	-	-	-0.00%	-0.00%	-0.00%
EPS (Basic)	69.45	59.46	38.16	65.77	45.44	24.04
EPS (Diluted)	69.45	59.46	38.16	65.77	45.44	24.04
EPS Growth	31.02%	55.82%	-41.98%	44.73%	89.03%	40.57%
Free Cash Flow	-	-6,285	1,506	1,803	1,566	2,260
Free Cash Flow Per Share	-	-218.02	52.24	62.54	54.32	78.40
Dividend Per Share	5.000	5.000	4.000	3.000	3.000	-
Dividend Growth	25.00%	25.00%	33.33%	-	-	-
Gross Margin	10.23%	9.11%	8.68%	9.49%	10.74%	8.65%
Operating Margin	5.54%	4.50%	3.87%	4.35%	5.19%	3.82%
Profit Margin	3.99%	3.24%	2.52%	4.47%	3.52%	1.55%
Free Cash Flow Margin	-	-11.87%	3.45%	4.25%	4.21%	5.04%
EBITDA	2,903	2,490	1,776	1,966	2,065	1,849
EBITDA Margin	5.79%	4.70%	4.07%	4.64%	5.55%	4.13%
D&A For EBITDA	122.25	108	89	120	134	139
EBIT	2,781	2,382	1,687	1,846	1,931	1,710
EBIT Margin	5.54%	4.50%	3.87%	4.35%	5.19%	3.82%
Effective Tax Rate	28.24%	28.22%	32.31%	11.28%	-	36.65%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.