SBS Holdings, Inc. (TYO:2384)

SBS Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	454,945	448,145	431,911	455,481	403,485	257,192
Revenue Growth (YoY)	5.56%	3.76%	-5.17%	12.89%	56.88%	0.64%
Cost of Revenue	408,912	398,308	381,770	404,945	356,768	230,389
Gross Profit	46,033	49,837	50,141	50,536	46,717	26,803
Selling, General & Admin	32,898	32,133	30,422	28,692	26,009	15,841
Operating Expenses	32,898	32,133	30,422	28,692	26,009	15,841
Operating Income	13,135	17,704	19,719	21,844	20,708	10,962
Interest Expense	-1,211	-1,018	-870	-928	-878	-713
Interest & Investment Income	213	209	159	115	111	71
Earnings From Equity Investments	1,446	1,155	719	639	661	543
Currency Exchange Gain (Loss)	-	-	253	159	-	-
Other Non Operating Income (Expenses)	-139	413	-233	-426	-113	20
EBT Excluding Unusual Items	13,444	18,463	19,747	21,403	20,489	10,883
Gain (Loss) on Sale of Investments	30	30	74	-744	-14	389
Gain (Loss) on Sale of Assets	117	115	279	2,276	84	49
Asset Writedown	-861	-1,149	-1,449	-1,177	-442	-53
Other Unusual Items	8	-70	-154	-21	-2	-3
Pretax Income	12,738	17,389	18,497	21,737	20,115	11,265
Income Tax Expense	5,521	6,916	7,264	7,490	6,950	3,997
Earnings From Continuing Operations	7,217	10,473	11,233	14,247	13,165	7,268
Minority Interest in Earnings	-1,294	-854	-1,177	-2,515	-2,375	-442
Net Income	5,923	9,619	10,056	11,732	10,790	6,826
Net Income to Common	5,923	9,619	10,056	11,732	10,790	6,826
Net Income Growth	-28.86%	-4.35%	-14.29%	8.73%	58.07%	12.29%
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
EPS (Basic)	149.13	242.19	253.19	295.39	271.67	171.86
EPS (Diluted)	149.13	242.19	253.19	295.39	271.67	171.86
EPS Growth	-28.86%	-4.35%	-14.29%	8.73%	58.07%	12.29%
Free Cash Flow	4,420	2,697	4,300	5,325	14,607	5,376
Free Cash Flow Per Share	111.29	67.91	108.27	134.07	367.77	135.36
Dividend Per Share	70.000	70.000	65.000	61.000	55.000	35.000
Dividend Growth	7.69%	7.69%	6.56%	10.91%	57.14%	16.67%
Gross Margin	10.12%	11.12%	11.61%	11.09%	11.58%	10.42%
Operating Margin	2.89%	3.95%	4.57%	4.80%	5.13%	4.26%
Profit Margin	1.30%	2.15%	2.33%	2.58%	2.67%	2.65%
Free Cash Flow Margin	0.97%	0.60%	1.00%	1.17%	3.62%	2.09%
EBITDA	25,308	29,667	30,674	32,918	30,822	18,303
EBITDA Margin	5.56%	6.62%	7.10%	7.23%	7.64%	7.12%
D&A For EBITDA	12,173	11,963	10,955	11,074	10,114	7,341
EBIT	13,135	17,704	19,719	21,844	20,708	10,962
EBIT Margin	2.89%	3.95%	4.57%	4.80%	5.13%	4.26%
Effective Tax Rate	43.34%	39.77%	39.27%	34.46%	34.55%	35.48%

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