Takahashi Curtain Wall Corporation (TYO:1994)

Takahashi Curtain Wall Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,601	9,383	7,332	7,530	12,233	7,367
Revenue Growth (YoY)	-14.23%	27.97%	-2.63%	-38.45%	66.05%	-56.06%
Cost of Revenue	6,515	7,869	6,078	6,498	9,395	5,734
Gross Profit	1,086	1,514	1,254	1,032	2,838	1,633
Selling, General & Admin	984	920	898	862	852	795
Operating Expenses	984	920	897	861	850	793
Operating Income	102	594	357	171	1,988	840
Interest Expense	-6	-5	-3	-2	-3	-6
Interest & Investment Income	2	3	2	2	2	13
Other Non Operating Income (Expenses)	25	37	32	25	35	42
EBT Excluding Unusual Items	123	629	388	196	2,022	889
Gain (Loss) on Sale of Investments	-	-	-	-	31	-
Gain (Loss) on Sale of Assets	46	42	60	51	62	26
Asset Writedown	-2	-9	-1	-21	-21	-12
Other Unusual Items	-	-1	-	-1	1	36
Pretax Income	167	661	447	225	2,095	939
Income Tax Expense	135	289	145	74	693	37
Net Income	32	372	302	151	1,402	902
Net Income to Common	32	372	302	151	1,402	902
Net Income Growth	-93.12%	23.18%	100.00%	-89.23%	55.43%	-27.38%
Shares Outstanding (Basic)	8	8	8	9	9	9
Shares Outstanding (Diluted)	8	8	8	9	9	9
Shares Change (YoY)	-2.14%	-3.09%	-1.98%	-0.70%	-0.56%	-0.67%
EPS (Basic)	3.99	45.71	35.96	17.62	162.49	103.96
EPS (Diluted)	3.99	45.71	35.96	17.62	162.49	103.96
EPS Growth	-92.97%	27.10%	104.05%	-89.15%	56.31%	-26.89%
Free Cash Flow	-	-1,950	1,243	-1,196	1,631	-311
Free Cash Flow Per Share	-	-239.59	148.01	-139.59	189.03	-35.84
Dividend Per Share	20.000	20.000	20.000	20.000	25.000	23.000
Dividend Growth	-	-	-	-20.00%	8.70%	-23.33%
Gross Margin	14.29%	16.14%	17.10%	13.71%	23.20%	22.17%
Operating Margin	1.34%	6.33%	4.87%	2.27%	16.25%	11.40%
Profit Margin	0.42%	3.96%	4.12%	2.00%	11.46%	12.24%
Free Cash Flow Margin	-	-20.78%	16.95%	-15.88%	13.33%	-4.22%
EBITDA	385	898	689	458	2,250	1,093
EBITDA Margin	5.07%	9.57%	9.40%	6.08%	18.39%	14.84%
D&A For EBITDA	283	304	332	287	262	253
EBIT	102	594	357	171	1,988	840
EBIT Margin	1.34%	6.33%	4.87%	2.27%	16.25%	11.40%
Effective Tax Rate	80.84%	43.72%	32.44%	32.89%	33.08%	3.94%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.