The Torigoe Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	26,250	26,168	26,385	24,403	22,700
Revenue Growth (YoY)	0.31%	-0.82%	8.12%	7.50%	3.79%
Cost of Revenue	21,014	21,302	21,584	19,493	17,966
Gross Profit	5,236	4,866	4,801	4,910	4,734
Selling, General & Admin	3,924	3,803	3,740	3,677	3,769
Operating Expenses	3,924	3,803	3,740	3,677	3,769
Operating Income	1,312	1,063	1,061	1,233	965
Interest Expense	-36	-22	-15	-18	-16
Interest & Investment Income	307	254	221	201	188
Other Non Operating Income (Expenses)	69	105	114	80	60
EBT Excluding Unusual Items	1,652	1,400	1,381	1,496	1,197
Gain (Loss) on Sale of Investments	55	199	85	-93	-
Gain (Loss) on Sale of Assets	-	-	-	-	5
Asset Writedown	-10	-4	-2	-3	-3
Legal Settlements	-	-	-13	-	-
Other Unusual Items	1	1	14	-1	13
Pretax Income	1,698	1,596	1,465	1,399	1,212
Income Tax Expense	563	643	498	468	383
Earnings From Continuing Operations	1,135	953	967	931	829
Minority Interest in Earnings	-3	-3	-1	-	2
Net Income	1,132	950	966	931	831
Net Income to Common	1,132	950	966	931	831
Net Income Growth	19.16%	-1.66%	3.76%	12.03%	57.68%
Shares Outstanding (Basic)	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23
Shares Change (YoY)	0.03%	0.01%	0.01%	-	-
EPS (Basic)	48.61	40.81	41.50	40.00	35.71
EPS (Diluted)	48.61	40.81	41.50	40.00	35.71
EPS Growth	19.12%	-1.67%	3.75%	12.03%	57.68%
Free Cash Flow	-	1,338	868	-477	1,218
Free Cash Flow Per Share	-	57.48	37.29	-20.50	52.34
Dividend Per Share	-	41.000	17.000	14.000	14.000
Dividend Growth	-	141.18%	21.43%	-	-
Gross Margin	19.95%	18.59%	18.20%	20.12%	20.86%
Operating Margin	5.00%	4.06%	4.02%	5.05%	4.25%
Profit Margin	4.31%	3.63%	3.66%	3.82%	3.66%
Free Cash Flow Margin	-	5.11%	3.29%	-1.96%	5.37%
EBITDA	1,997	1,748	1,749	1,891	1,678
EBITDA Margin	7.61%	6.68%	6.63%	7.75%	7.39%
D&A For EBITDA	685	685	688	658	713
EBIT	1,312	1,063	1,061	1,233	965
EBIT Margin	5.00%	4.06%	4.02%	5.05%	4.25%
Effective Tax Rate	33.16%	40.29%	33.99%	33.45%	31.60%

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