Halows Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Operating Revenue	220,482	209,128	194,032	172,738	162,811	151,568
Other Revenue	1,623	1,623	1,412	1,368	562	373
Revenue	222,105	210,751	195,444	174,106	163,373	151,941
Revenue Growth (YoY)	7.63%	7.83%	12.26%	6.57%	7.52%	12.83%
Cost of Revenue	162,371	152,251	141,094	126,106	118,978	110,587
Gross Profit	59,734	58,500	54,350	48,000	44,395	41,354
Selling, General & Admin	41,283	40,491	38,045	34,101	31,133	29,551
Other Operating Expenses	1,121	1,268	1,175	1,154	1,044	954
Operating Expenses	47,273	46,230	43,479	38,948	35,706	33,751
Operating Income	12,461	12,270	10,871	9,052	8,689	7,603
Interest Expense	-90	-99	-128	-99	-103	-120
Interest & Investment Income	28	24	22	23	22	24
Other Non Operating Income (Expenses)	82	106	131	163	104	75
EBT Excluding Unusual Items	12,481	12,301	10,896	9,139	8,712	7,582
Gain (Loss) on Sale of Assets	-	-	5	-5	-	8
Asset Writedown	-8	-72	-26	-6	-10	-60
Other Unusual Items	21	-67	443	2	2	158
Pretax Income	12,523	12,162	11,318	9,130	8,704	7,688
Income Tax Expense	3,180	3,249	2,729	2,929	2,772	2,190
Net Income	9,343	8,913	8,589	6,201	5,932	5,498
Net Income to Common	9,343	8,913	8,589	6,201	5,932	5,498
Net Income Growth	1.10%	3.77%	38.51%	4.54%	7.89%	55.13%
Shares Outstanding (Basic)	21	21	21	21	21	20
Shares Outstanding (Diluted)	21	21	21	21	21	20
Shares Change (YoY)	0.35%	0.11%	0.14%	0.03%	7.50%	0.40%
EPS (Basic)	437.33	416.93	402.11	290.24	277.74	276.81
EPS (Diluted)	435.43	415.14	400.49	289.55	277.08	276.08
EPS Growth	1.16%	3.66%	38.31%	4.50%	0.36%	54.52%
Free Cash Flow	-	3,878	6,353	-176	-4,329	5,199
Free Cash Flow Per Share	-	180.63	296.23	-8.22	-202.21	261.07
Gross Margin	26.89%	27.76%	27.81%	27.57%	27.17%	27.22%
Operating Margin	5.61%	5.82%	5.56%	5.20%	5.32%	5.00%
Profit Margin	4.21%	4.23%	4.40%	3.56%	3.63%	3.62%
Free Cash Flow Margin	-	1.84%	3.25%	-0.10%	-2.65%	3.42%
EBITDA	16,990	16,741	15,130	12,745	12,218	10,849
EBITDA Margin	7.65%	7.94%	7.74%	7.32%	7.48%	7.14%
D&A For EBITDA	4,529	4,471	4,259	3,693	3,529	3,246
EBIT	12,461	12,270	10,871	9,052	8,689	7,603
EBIT Margin	5.61%	5.82%	5.56%	5.20%	5.32%	5.00%
Effective Tax Rate	25.39%	26.71%	24.11%	32.08%	31.85%	28.49%
Advertising Expenses	-	1,401	1,378	1,304	958	909

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