Hard Off Corporation Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	39,276	33,531	30,105	27,040	24,507
Revenue Growth (YoY)	17.13%	11.38%	11.34%	10.34%	15.22%
Cost of Revenue	12,487	10,534	9,447	8,449	7,664
Gross Profit	26,789	22,997	20,658	18,591	16,843
Selling, General & Admin	23,402	19,768	17,854	16,279	15,312
Amortization of Goodwill & Intangibles	-	10	-	-	-
Operating Expenses	23,402	19,778	17,854	16,279	15,312
Operating Income	3,387	3,219	2,804	2,312	1,531
Interest Expense	-63	-17	-9	-8	-11
Interest & Investment Income	75	74	61	49	25
Currency Exchange Gain (Loss)	12	11	13	43	16
Other Non Operating Income (Expenses)	56	86	89	84	81
EBT Excluding Unusual Items	3,467	3,373	2,958	2,480	1,642
Gain (Loss) on Sale of Investments	176	-4	-1	2	99
Gain (Loss) on Sale of Assets	22	29	31	29	25
Asset Writedown	-142	-164	-78	-95	-144
Other Unusual Items	-1	-2	-2	9	-16
Pretax Income	3,522	3,232	2,908	2,425	1,606
Income Tax Expense	996	912	797	759	558
Earnings From Continuing Operations	2,526	2,320	2,111	1,666	1,048
Minority Interest in Earnings	-7	-6	-18	-13	-7
Net Income	2,519	2,314	2,093	1,653	1,041
Net Income to Common	2,519	2,314	2,093	1,653	1,041
Net Income Growth	8.86%	10.56%	26.62%	58.79%	199.14%
Shares Outstanding (Basic)	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14
Shares Change (YoY)	0.05%	-0.01%	0.11%	0.01%	2.07%
EPS (Basic)	181.18	166.52	150.61	119.08	75.00
EPS (Diluted)	181.18	166.52	150.61	119.08	75.00
EPS Growth	8.80%	10.57%	26.48%	58.77%	193.06%
Free Cash Flow	1,191	926	985	1,131	1,177
Free Cash Flow Per Share	85.66	66.64	70.88	81.47	84.80
Dividend Per Share	-	78.000	76.000	60.000	35.000
Dividend Growth	-	2.63%	26.67%	71.43%	-
Gross Margin	68.21%	68.58%	68.62%	68.75%	68.73%
Operating Margin	8.62%	9.60%	9.31%	8.55%	6.25%
Profit Margin	6.41%	6.90%	6.95%	6.11%	4.25%
Free Cash Flow Margin	3.03%	2.76%	3.27%	4.18%	4.80%
EBITDA	4,502	4,084	3,473	2,886	2,053
EBITDA Margin	11.46%	12.18%	11.54%	10.67%	8.38%
D&A For EBITDA	1,115	865	669	574	522
EBIT	3,387	3,219	2,804	2,312	1,531
EBIT Margin	8.62%	9.60%	9.31%	8.55%	6.25%
Effective Tax Rate	28.28%	28.22%	27.41%	31.30%	34.74%

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