TYO:1897 Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,237	8,837	9,743	10,659	9,898	7,633
Revenue Growth (YoY)	11.57%	-9.30%	-8.59%	7.69%	29.67%	-30.36%
Cost of Revenue	8,190	7,789	8,524	9,473	8,828	6,800
Gross Profit	1,047	1,048	1,219	1,186	1,070	833
Selling, General & Admin	945	948	949	947	924	931
Operating Expenses	945	948	947	947	923	930
Operating Income	102	100	272	239	147	-97
Interest Expense	-	-	-	-	-	-1
Interest & Investment Income	213	205	167	134	107	97
Earnings From Equity Investments	11	8	13	11	3	2
Other Non Operating Income (Expenses)	22	19	27	29	30	32
EBT Excluding Unusual Items	348	332	479	413	287	33
Gain (Loss) on Sale of Investments	-	-	-	-	-	23
Gain (Loss) on Sale of Assets	11	11	5	4	14	4
Asset Writedown	-	-	-	-	-2	-
Pretax Income	359	343	484	417	299	60
Income Tax Expense	116	99	150	135	107	19
Earnings From Continuing Operations	243	244	334	282	192	41
Minority Interest in Earnings	-3	-8	-13	-12	-2	4
Net Income	240	236	321	270	190	45
Net Income to Common	240	236	321	270	190	45
Net Income Growth	22.45%	-26.48%	18.89%	42.10%	322.22%	-91.05%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-1.96%	-2.15%	-0.01%	-0.01%	-0.01%	-3.47%
EPS (Basic)	114.01	111.88	148.91	125.24	88.13	20.87
EPS (Diluted)	114.01	111.88	148.91	125.24	88.13	20.87
EPS Growth	24.90%	-24.87%	18.90%	42.12%	322.26%	-90.73%
Free Cash Flow	-	18	604	1,429	-1,294	-816
Free Cash Flow Per Share	-	8.53	280.20	662.87	-600.19	-378.45
Dividend Per Share	50.000	50.000	50.000	50.000	50.000	50.000
Gross Margin	11.34%	11.86%	12.51%	11.13%	10.81%	10.91%
Operating Margin	1.10%	1.13%	2.79%	2.24%	1.49%	-1.27%
Profit Margin	2.60%	2.67%	3.29%	2.53%	1.92%	0.59%
Free Cash Flow Margin	-	0.20%	6.20%	13.41%	-13.07%	-10.69%
EBITDA	178.75	177	350	306	216	-25
EBITDA Margin	1.93%	2.00%	3.59%	2.87%	2.18%	-0.33%
D&A For EBITDA	76.75	77	78	67	69	72
EBIT	102	100	272	239	147	-97
EBIT Margin	1.10%	1.13%	2.79%	2.24%	1.49%	-1.27%
Effective Tax Rate	32.31%	28.86%	30.99%	32.37%	35.79%	31.67%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.