Nichiwa Sangyo 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
Revenue	45,903	48,577	52,887	54,659	44,906	39,900
Revenue Growth (YoY)	-8.40%	-8.15%	-3.24%	21.72%	12.55%	-4.94%
Cost of Revenue	41,949	45,019	49,743	52,258	42,434	37,550
Gross Profit	3,954	3,558	3,144	2,401	2,472	2,350
Selling, General & Admin	2,522	2,608	2,364	2,251	1,877	1,459
Operating Expenses	2,379	2,465	2,238	2,602	2,354	2,067
Operating Income	1,575	1,093	906	-201	118	283
Interest Expense	-68	-57	-55	-56	-56	-56
Interest & Investment Income	49	39	37	44	41	39
Currency Exchange Gain (Loss)	36	23	15	28	89	35
Other Non Operating Income (Expenses)	49	45	12	84	24	77
EBT Excluding Unusual Items	1,641	1,143	915	-101	216	378
Gain (Loss) on Sale of Assets	-36	-	395	-	-	-
Asset Writedown	-644	-644	-256	-31	-	-
Other Unusual Items	-	-	-	331	-	-
Pretax Income	961	499	1,054	199	216	378
Income Tax Expense	311	189	513	42	100	239
Net Income	650	310	541	157	116	139
Net Income to Common	650	310	541	157	116	139
Net Income Growth	99.39%	-42.70%	244.59%	35.34%	-16.55%	-62.53%
Shares Outstanding (Basic)	18	18	18	18	19	19
Shares Outstanding (Diluted)	18	18	18	18	19	19
Shares Change (YoY)	-	-	-	-5.31%	-0.96%	-
EPS (Basic)	35.89	17.12	29.87	8.67	6.06	7.20
EPS (Diluted)	35.89	17.12	29.87	8.67	6.06	7.20
EPS Growth	99.39%	-42.70%	244.59%	42.93%	-15.74%	-62.53%
Free Cash Flow	-	2,008	1,394	-2,434	-1,834	373
Free Cash Flow Per Share	-	110.87	76.97	-134.39	-95.88	19.31
Dividend Per Share	6.000	6.000	6.000	6.000	6.000	6.000
Gross Margin	8.61%	7.32%	5.95%	4.39%	5.50%	5.89%
Operating Margin	3.43%	2.25%	1.71%	-0.37%	0.26%	0.71%
Profit Margin	1.42%	0.64%	1.02%	0.29%	0.26%	0.35%
Free Cash Flow Margin	-	4.13%	2.64%	-4.45%	-4.08%	0.94%
EBITDA	2,178	1,681	1,474	417	721	839
EBITDA Margin	4.75%	3.46%	2.79%	0.76%	1.61%	2.10%
D&A For EBITDA	603	588	568	618	603	556
EBIT	1,575	1,093	906	-201	118	283
EBIT Margin	3.43%	2.25%	1.71%	-0.37%	0.26%	0.71%
Effective Tax Rate	32.36%	37.88%	48.67%	21.11%	46.30%	63.23%

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