Kitoku Shinryo 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	176,191	118,998	114,835	104,704	107,812
Revenue Growth (YoY)	48.06%	3.62%	9.68%	-2.88%	0.20%
Cost of Revenue	160,450	109,968	106,765	97,828	101,838
Gross Profit	15,741	9,030	8,070	6,876	5,974
Selling, General & Admin	7,715	6,562	5,919	5,470	5,361
Operating Expenses	7,715	6,653	5,999	5,555	5,447
Operating Income	8,026	2,377	2,071	1,321	527
Interest Expense	-161	-69	-81	-66	-61
Interest & Investment Income	193	168	164	115	115
Earnings From Equity Investments	-	8	12	10	16
Currency Exchange Gain (Loss)	23	-61	-54	-64	-30
Other Non Operating Income (Expenses)	86	61	41	53	46
EBT Excluding Unusual Items	8,167	2,484	2,153	1,369	613
Gain (Loss) on Sale of Investments	-3	-	-20	188	-
Gain (Loss) on Sale of Assets	7	-1	2	-	-
Asset Writedown	-98	-	-7	-38	-
Other Unusual Items	-138	17	-22	14	-
Pretax Income	7,935	2,500	2,106	1,533	613
Income Tax Expense	2,349	711	581	451	92
Earnings From Continuing Operations	5,586	1,789	1,525	1,082	521
Minority Interest in Earnings	-66	-66	-47	-44	-16
Net Income	5,520	1,723	1,478	1,038	505
Net Income to Common	5,520	1,723	1,478	1,038	505
Net Income Growth	220.37%	16.58%	42.39%	105.55%	714.52%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	0.58%	0.31%	-0.00%	-0.01%	-0.00%
EPS (Basic)	675.33	212.03	182.45	128.13	62.33
EPS (Diluted)	675.33	212.03	182.45	128.13	62.33
EPS Growth	218.52%	16.21%	42.39%	105.57%	714.53%
Free Cash Flow	-1,737	-1,732	166	3,704	423
Free Cash Flow Per Share	-212.51	-213.13	20.49	457.21	52.21
Dividend Per Share	90.000	12.000	12.000	10.000	10.000
Dividend Growth	650.00%	-	20.00%	-	-
Gross Margin	8.93%	7.59%	7.03%	6.57%	5.54%
Operating Margin	4.55%	2.00%	1.80%	1.26%	0.49%
Profit Margin	3.13%	1.45%	1.29%	0.99%	0.47%
Free Cash Flow Margin	-0.99%	-1.46%	0.14%	3.54%	0.39%
EBITDA	8,538	2,899	2,596	1,808	936
EBITDA Margin	4.85%	2.44%	2.26%	1.73%	0.87%
D&A For EBITDA	512	522	525	487	409
EBIT	8,026	2,377	2,071	1,321	527
EBIT Margin	4.55%	2.00%	1.80%	1.26%	0.49%
Effective Tax Rate	29.60%	28.44%	27.59%	29.42%	15.01%

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