Kotobuki Spirits 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	77,027	72,349	64,035	50,155	32,191	23,204
Revenue Growth (YoY)	8.79%	12.98%	27.67%	55.80%	38.73%	-48.64%
Cost of Revenue	29,983	27,544	24,232	20,049	14,569	11,565
Gross Profit	47,044	44,805	39,803	30,106	17,622	11,639
Selling, General & Admin	28,965	27,193	24,019	20,154	16,219	14,526
Operating Expenses	28,968	27,195	24,024	20,156	16,222	14,533
Operating Income	18,076	17,610	15,779	9,950	1,400	-2,894
Interest Expense	-	-	-	-	-1	-
Interest & Investment Income	27	10	7	6	4	4
Other Non Operating Income (Expenses)	90	66	81	339	1,517	2,569
EBT Excluding Unusual Items	18,193	17,686	15,867	10,295	2,920	-321
Gain (Loss) on Sale of Investments	-	-	-	2	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-2	7
Asset Writedown	-131	-46	-205	-19	-40	-160
Other Unusual Items	-	-	-	-1	-1	-
Pretax Income	18,062	17,640	15,662	10,277	2,877	-474
Income Tax Expense	5,633	5,518	4,831	3,259	962	95
Net Income	12,429	12,122	10,831	7,018	1,915	-569
Net Income to Common	12,429	12,122	10,831	7,018	1,915	-569
Net Income Growth	3.96%	11.92%	54.33%	266.48%	-	-
Shares Outstanding (Basic)	154	155	156	156	156	156
Shares Outstanding (Diluted)	154	155	156	156	156	156
Shares Change (YoY)	-0.78%	-0.11%	-	-	-0.00%	-
EPS (Basic)	80.44	77.99	69.61	45.10	12.31	-3.66
EPS (Diluted)	80.44	77.99	69.61	45.10	12.31	-3.66
EPS Growth	4.70%	12.04%	54.33%	266.48%	-	-
Free Cash Flow	-	10,080	8,973	8,526	3,861	-506
Free Cash Flow Per Share	-	64.85	57.67	54.80	24.81	-3.25
Dividend Per Share	32.000	32.000	28.000	14.000	6.000	6.000
Dividend Growth	14.29%	14.29%	100.00%	133.33%	-	-25.00%
Gross Margin	-	61.93%	62.16%	60.03%	54.74%	50.16%
Operating Margin	23.47%	24.34%	24.64%	19.84%	4.35%	-12.47%
Profit Margin	16.14%	16.75%	16.91%	13.99%	5.95%	-2.45%
Free Cash Flow Margin	-	13.93%	14.01%	17.00%	11.99%	-2.18%
EBITDA	19,762	19,072	16,943	11,087	2,620	-1,474
EBITDA Margin	-	26.36%	26.46%	22.11%	8.14%	-6.35%
D&A For EBITDA	1,686	1,462	1,164	1,137	1,220	1,420
EBIT	18,076	17,610	15,779	9,950	1,400	-2,894
EBIT Margin	-	24.34%	24.64%	19.84%	4.35%	-12.47%
Effective Tax Rate	-	31.28%	30.84%	31.71%	33.44%	-
Advertising Expenses	-	4,251	3,797	3,012	2,292	1,968

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