NAFCO 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
Operating Revenue	174,477	181,133	192,116	202,259	206,549
Other Revenue	795	717	331	383	328
Revenue	175,272	181,850	192,447	202,642	206,877
Revenue Growth (YoY)	-3.62%	-5.51%	-5.03%	-2.05%	-11.81%
Cost of Revenue	115,101	119,740	127,062	132,684	134,739
Gross Profit	60,171	62,110	65,385	69,958	72,138
Selling, General & Admin	58,534	54,475	54,303	54,842	54,145
Operating Expenses	58,534	60,843	60,220	60,739	60,136
Operating Income	1,637	1,267	5,165	9,219	12,002
Interest Expense	-265	-206	-125	-107	-112
Interest & Investment Income	26	17	14	13	11
Other Non Operating Income (Expenses)	89	250	497	536	670
EBT Excluding Unusual Items	1,487	1,328	5,551	9,661	12,571
Gain (Loss) on Sale of Assets	-	36	180	21	31
Asset Writedown	-973	-672	-808	-628	-274
Other Unusual Items	193	-165	-	-51	-3
Pretax Income	707	527	4,923	9,003	12,325
Income Tax Expense	484	344	1,816	3,364	4,364
Net Income	223	183	3,107	5,639	7,961
Net Income to Common	223	183	3,107	5,639	7,961
Net Income Growth	21.86%	-94.11%	-44.90%	-29.17%	-31.89%
Shares Outstanding (Basic)	25	26	28	29	29
Shares Outstanding (Diluted)	25	26	28	29	29
Shares Change (YoY)	-7.02%	-6.14%	-1.38%	-	-
EPS (Basic)	9.07	6.92	110.30	197.43	278.73
EPS (Diluted)	9.07	6.92	110.30	197.43	278.73
EPS Growth	31.05%	-93.72%	-44.13%	-29.17%	-31.89%
Free Cash Flow	-2,445	-6,247	4,205	6,499	-2,228
Free Cash Flow Per Share	-99.46	-236.29	149.28	227.54	-78.01
Gross Margin	34.33%	34.16%	33.98%	34.52%	34.87%
Operating Margin	0.93%	0.70%	2.68%	4.55%	5.80%
Profit Margin	0.13%	0.10%	1.61%	2.78%	3.85%
Free Cash Flow Margin	-1.40%	-3.44%	2.19%	3.21%	-1.08%
EBITDA	7,829	7,634	11,111	15,147	17,928
EBITDA Margin	4.47%	4.20%	5.77%	7.47%	8.67%
D&A For EBITDA	6,192	6,367	5,946	5,928	5,926
EBIT	1,637	1,267	5,165	9,219	12,002
EBIT Margin	0.93%	0.70%	2.68%	4.55%	5.80%
Effective Tax Rate	68.46%	65.28%	36.89%	37.36%	35.41%

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