SMS Co., Ltd. (TYO:2175)

SMS Co., Ltd. Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	62,585	60,952	53,973	45,667	38,899	35,960
Revenue Growth (YoY)	7.27%	12.93%	18.19%	17.40%	8.17%	2.33%
Cost of Revenue	7,239	7,098	6,430	5,566	4,455	3,957
Gross Profit	55,346	53,854	47,543	40,101	34,444	32,003
Selling, General & Admin	44,202	43,527	35,740	29,798	25,622	24,274
Amortization of Goodwill & Intangibles	1,048	1,048	1,046	919	833	814
Operating Expenses	48,193	47,518	39,273	32,820	28,125	26,533
Operating Income	7,153	6,336	8,270	7,281	6,319	5,470
Interest Expense	-118	-101	-66	-69	-79	-90
Interest & Investment Income	57	57	38	17	12	10
Earnings From Equity Investments	2,125	2,027	1,683	1,526	1,509	1,241
Currency Exchange Gain (Loss)	-99	-15	-66	-59	-43	-53
Other Non Operating Income (Expenses)	62	53	41	63	8	74
EBT Excluding Unusual Items	9,180	8,357	9,900	8,759	7,726	6,652
Gain (Loss) on Sale of Investments	-	-	-	49	-1	67
Gain (Loss) on Sale of Assets	-10	-33	-159	-13	-14	-117
Asset Writedown	-	-	-	-	-3	-
Other Unusual Items	-56	-93	-	-	-2	-133
Pretax Income	9,114	8,231	9,741	8,795	7,706	6,469
Income Tax Expense	1,738	2,177	2,514	2,389	2,298	1,669
Earnings From Continuing Operations	7,376	6,054	7,227	6,406	5,408	4,800
Net Income	7,376	6,054	7,227	6,406	5,408	4,800
Net Income to Common	7,376	6,054	7,227	6,406	5,408	4,800
Net Income Growth	9.75%	-16.23%	12.82%	18.45%	12.67%	0.84%
Shares Outstanding (Basic)	84	85	87	87	87	87
Shares Outstanding (Diluted)	84	85	87	88	88	88
Shares Change (YoY)	-2.89%	-2.30%	-0.28%	0.04%	0.06%	0.08%
EPS (Basic)	87.93	70.96	82.96	73.51	62.07	55.12
EPS (Diluted)	87.93	70.95	82.75	73.13	61.77	54.86
EPS Growth	12.99%	-14.26%	13.15%	18.39%	12.60%	0.75%
Free Cash Flow	5,942	5,381	9,327	8,218	9,606	6,393
Free Cash Flow Per Share	70.83	63.06	106.78	93.82	109.71	73.06
Dividend Per Share	28.500	28.500	20.000	15.000	10.500	9.500
Dividend Growth	42.50%	42.50%	33.33%	42.86%	10.53%	11.77%
Gross Margin	88.43%	88.35%	88.09%	87.81%	88.55%	89.00%
Operating Margin	11.43%	10.39%	15.32%	15.94%	16.25%	15.21%
Profit Margin	11.79%	9.93%	13.39%	14.03%	13.90%	13.35%
Free Cash Flow Margin	9.49%	8.83%	17.28%	18.00%	24.70%	17.78%
EBITDA	11,215	10,149	11,726	10,177	8,801	7,655
EBITDA Margin	17.92%	16.65%	21.73%	22.29%	22.63%	21.29%
D&A For EBITDA	4,062	3,813	3,456	2,896	2,482	2,185
EBIT	7,153	6,336	8,270	7,281	6,319	5,470
EBIT Margin	11.43%	10.39%	15.32%	15.94%	16.25%	15.21%
Effective Tax Rate	19.07%	26.45%	25.81%	27.16%	29.82%	25.80%
Advertising Expenses	-	12,524	8,731	7,075	5,592	4,979

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