NS Solutions Corporation (TYO:2327)

NS Solutions 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	360,064	338,301	310,632	291,688	270,332	251,992
Revenue Growth (YoY)	11.66%	8.91%	6.49%	7.90%	7.28%	-8.31%
Cost of Revenue	270,595	256,594	238,790	225,752	210,011	200,042
Gross Profit	89,469	81,707	71,842	65,936	60,321	51,950
Selling, General & Admin	45,546	37,793	33,983	30,556	29,932	26,809
Research & Development	2,833	2,833	2,405	2,320	-	-
Amortization of Goodwill & Intangibles	-	-	-	-	465	465
Other Operating Expenses	-168	-56	-104	-208	-	-
Operating Expenses	48,656	41,015	36,530	32,799	30,623	27,400
Operating Income	40,813	40,692	35,312	33,137	29,698	24,550
Interest Expense	-	-216	-92	-101	-42	-7
Interest & Investment Income	1,350	1,022	545	529	1,002	516
Earnings From Equity Investments	4	-21	31	18	39	-53
Currency Exchange Gain (Loss)	-83	-83	-31	-118	-120	-48
Other Non Operating Income (Expenses)	171	170	87	26	262	193
EBT Excluding Unusual Items	42,255	41,564	35,852	33,491	30,839	25,151
Merger & Restructuring Charges	-	-	-142	-115	-	-
Gain (Loss) on Sale of Investments	-	-	144	-	-	2,034
Gain (Loss) on Sale of Assets	-219	-219	-241	-125	-29	-50
Asset Writedown	-11	-11	-177	-1,151	-	-
Legal Settlements	-2,260	-2,260	-	-	-702	-
Other Unusual Items	-	-	-	-	-	-1,818
Pretax Income	39,765	39,074	35,436	32,100	30,108	25,317
Income Tax Expense	11,730	10,998	10,280	9,385	9,495	7,713
Earnings From Continuing Operations	28,035	28,076	25,156	22,715	20,613	17,604
Minority Interest in Earnings	-1,165	-1,027	-915	-715	-636	-622
Net Income	26,870	27,049	24,241	22,000	19,977	16,982
Net Income to Common	26,870	27,049	24,241	22,000	19,977	16,982
Net Income Growth	-0.21%	11.58%	10.19%	10.13%	17.64%	-8.46%
Shares Outstanding (Basic)	183	183	183	183	183	183
Shares Outstanding (Diluted)	183	183	183	183	183	183
Shares Change (YoY)	-0.00%	-0.01%	-0.00%	-0.01%	-	-
EPS (Basic)	146.85	147.83	132.48	120.23	109.16	92.80
EPS (Diluted)	146.85	147.83	132.48	120.23	109.16	92.80
EPS Growth	-0.21%	11.59%	10.19%	10.13%	17.64%	-8.46%
Free Cash Flow	-2,238	33,694	23,032	21,632	26,976	13,900
Free Cash Flow Per Share	-12.23	184.15	125.87	118.22	147.41	75.96
Dividend Per Share	37.500	74.000	42.500	37.500	33.000	26.250
Dividend Growth	-36.44%	74.12%	13.33%	13.64%	25.71%	-19.23%
Gross Margin	24.85%	24.15%	23.13%	22.61%	22.31%	20.62%
Operating Margin	11.34%	12.03%	11.37%	11.36%	10.99%	9.74%
Profit Margin	7.46%	8.00%	7.80%	7.54%	7.39%	6.74%
Free Cash Flow Margin	-0.62%	9.96%	7.41%	7.42%	9.98%	5.52%
EBITDA	53,276	52,826	47,362	45,757	35,686	31,160
EBITDA Margin	14.80%	15.62%	15.25%	15.69%	13.20%	12.37%
D&A For EBITDA	12,463	12,134	12,050	12,620	5,988	6,610
EBIT	40,813	40,692	35,312	33,137	29,698	24,550
EBIT Margin	11.34%	12.03%	11.37%	11.36%	10.99%	9.74%
Effective Tax Rate	29.50%	28.15%	29.01%	29.24%	31.54%	30.47%
Advertising Expenses	-	3,929	4,178	3,834	4,081	3,788

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