Kyowanissei Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2015	FY 2014	FY 2013	FY 2012	FY 2011
Period Ending	Mar '15 Mar 31, 2015	Mar '14 Mar 31, 2014	Mar '13 Mar 31, 2013	Mar '12 Mar 31, 2012	Mar '11 Mar 31, 2011
Revenue	37,914	37,130	34,662	32,881	31,332
Revenue Growth (YoY)	2.11%	7.12%	5.42%	4.94%	0.44%
Cost of Revenue	33,392	32,625	30,602	28,896	27,704
Gross Profit	4,522	4,505	4,060	3,985	3,628
Selling, General & Admin	3,178	3,164	3,144	2,987	2,895
Amortization of Goodwill & Intangibles	18	18	18	18	18
Operating Expenses	3,241	3,180	3,174	3,047	2,925
Operating Income	1,281	1,325	886	938	703
Interest Expense	-7	-10	-7	-	-
Interest & Investment Income	35	34	32	30	32
Earnings From Equity Investments	66	33	12	-4	38
Other Non Operating Income (Expenses)	119	130	95	40	98
EBT Excluding Unusual Items	1,494	1,512	1,018	1,004	871
Gain (Loss) on Sale of Investments	3	-	-	-	-15
Gain (Loss) on Sale of Assets	-	727	-	-	-
Asset Writedown	-61	-	-8	-3	-1
Other Unusual Items	-	-	-	-	-86
Pretax Income	1,436	2,239	1,010	1,001	769
Income Tax Expense	581	936	453	527	287
Earnings From Continuing Operations	855	1,303	557	474	482
Minority Interest in Earnings	-1	-19	-6	-3	-23
Net Income	854	1,284	551	471	459
Net Income to Common	854	1,284	551	471	459
Net Income Growth	-33.49%	133.03%	16.98%	2.61%	49.20%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12
Shares Change (YoY)	-	-	-0.01%	-0.01%	-0.02%
EPS (Basic)	74.16	111.50	47.85	40.90	39.85
EPS (Diluted)	74.16	111.50	47.85	40.90	39.85
EPS Growth	-33.49%	133.03%	16.99%	2.62%	49.22%
Free Cash Flow	170	768	-861	-299	1,099
Free Cash Flow Per Share	14.76	66.69	-74.77	-25.96	95.42
Dividend Per Share	9.000	9.000	9.000	7.500	7.500
Dividend Growth	-	-	20.00%	-	-
Gross Margin	11.93%	12.13%	11.71%	12.12%	11.58%
Operating Margin	3.38%	3.57%	2.56%	2.85%	2.24%
Profit Margin	2.25%	3.46%	1.59%	1.43%	1.47%
Free Cash Flow Margin	0.45%	2.07%	-2.48%	-0.91%	3.51%
EBITDA	1,478	1,522	1,051	1,063	839
EBITDA Margin	3.90%	4.10%	3.03%	3.23%	2.68%
D&A For EBITDA	197	197	165	125	136
EBIT	1,281	1,325	886	938	703
EBIT Margin	3.38%	3.57%	2.56%	2.85%	2.24%
Effective Tax Rate	40.46%	41.80%	44.85%	52.65%	37.32%

Updated Jun 26, 2015. Source: S&P Global Market Intelligence. Standard template. Financial Sources.