SBS Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	490,344	448,145	431,911	455,481	403,485
Revenue Growth (YoY)	9.42%	3.76%	-5.17%	12.89%	56.88%
Cost of Revenue	434,604	398,308	381,770	404,945	356,768
Gross Profit	55,740	49,837	50,141	50,536	46,717
Selling, General & Admin	34,444	32,133	30,422	28,692	26,009
Operating Expenses	34,444	32,133	30,422	28,692	26,009
Operating Income	21,296	17,704	19,719	21,844	20,708
Interest Expense	-1,513	-1,018	-870	-928	-878
Interest & Investment Income	231	209	159	115	111
Earnings From Equity Investments	1,535	1,155	719	639	661
Currency Exchange Gain (Loss)	-	-	253	159	-
Other Non Operating Income (Expenses)	-405	413	-233	-426	-113
EBT Excluding Unusual Items	21,144	18,463	19,747	21,403	20,489
Gain (Loss) on Sale of Investments	545	30	74	-744	-14
Gain (Loss) on Sale of Assets	-1,015	115	279	2,276	84
Asset Writedown	-166	-1,149	-1,449	-1,177	-442
Other Unusual Items	-78	-70	-154	-21	-2
Pretax Income	20,430	17,389	18,497	21,737	20,115
Income Tax Expense	6,958	6,916	7,264	7,490	6,950
Earnings From Continuing Operations	13,472	10,473	11,233	14,247	13,165
Minority Interest in Earnings	-1,689	-854	-1,177	-2,515	-2,375
Net Income	11,783	9,619	10,056	11,732	10,790
Net Income to Common	11,783	9,619	10,056	11,732	10,790
Net Income Growth	22.50%	-4.35%	-14.29%	8.73%	58.07%
Shares Outstanding (Basic)	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40
EPS (Basic)	296.67	242.19	253.19	295.39	271.67
EPS (Diluted)	296.67	242.19	253.19	295.39	271.67
EPS Growth	22.50%	-4.35%	-14.29%	8.73%	58.07%
Free Cash Flow	-	2,697	4,300	5,325	14,607
Free Cash Flow Per Share	-	67.91	108.27	134.07	367.77
Dividend Per Share	-	70.000	65.000	61.000	55.000
Dividend Growth	-	7.69%	6.56%	10.91%	57.14%
Gross Margin	11.37%	11.12%	11.61%	11.09%	11.58%
Operating Margin	4.34%	3.95%	4.57%	4.80%	5.13%
Profit Margin	2.40%	2.15%	2.33%	2.58%	2.67%
Free Cash Flow Margin	-	0.60%	1.00%	1.17%	3.62%
EBITDA	33,259	29,667	30,674	32,918	30,822
EBITDA Margin	6.78%	6.62%	7.10%	7.23%	7.64%
D&A For EBITDA	11,963	11,963	10,955	11,074	10,114
EBIT	21,296	17,704	19,719	21,844	20,708
EBIT Margin	4.34%	3.95%	4.57%	4.80%	5.13%
Effective Tax Rate	34.06%	39.77%	39.27%	34.46%	34.55%

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