Bull-Dog Sauce Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	14,669	14,617	14,482	13,529	13,300	17,708
Revenue Growth (YoY)	0.40%	0.93%	7.04%	1.72%	-24.89%	2.74%
Cost of Revenue	9,970	10,307	10,094	9,118	8,734	8,675
Gross Profit	4,699	4,310	4,388	4,411	4,566	9,033
Selling, General & Admin	3,979	3,996	4,156	3,921	3,849	8,228
Operating Expenses	4,070	4,087	4,224	3,980	3,915	8,312
Operating Income	629	223	164	431	651	721
Interest Expense	-61	-53	-33	-15	-3	-4
Interest & Investment Income	255	248	203	201	190	195
Currency Exchange Gain (Loss)	-	-1	-2	-3	-	-
Other Non Operating Income (Expenses)	-2	1	34	1	7	-38
EBT Excluding Unusual Items	821	418	366	615	845	874
Gain (Loss) on Sale of Investments	526	446	297	619	167	120
Gain (Loss) on Sale of Assets	2,150	-	-	-	-	-
Asset Writedown	-	-	-107	-12	-2	-2
Other Unusual Items	2	-	-324	-176	-1	-1
Pretax Income	3,498	864	232	1,046	1,009	991
Income Tax Expense	1,054	241	87	451	293	298
Net Income	2,444	623	145	595	716	693
Net Income to Common	2,444	623	145	595	716	693
Net Income Growth	313.54%	329.65%	-75.63%	-16.90%	3.32%	0.14%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-4.16%	-0.43%	0.04%	-0.43%	-0.13%	0.07%
EPS (Basic)	188.47	46.86	10.86	44.58	53.42	51.64
EPS (Diluted)	188.47	46.86	10.86	44.58	53.42	51.64
EPS Growth	325.43%	331.53%	-75.64%	-16.54%	3.45%	0.07%
Free Cash Flow	-	2,246	-4,650	-3,911	-109	1,043
Free Cash Flow Per Share	-	168.95	-348.26	-293.05	-8.13	77.71
Dividend Per Share	38.000	35.000	35.000	35.000	35.000	35.000
Dividend Growth	8.57%	-	-	-	-	-
Gross Margin	-	29.49%	30.30%	32.60%	34.33%	51.01%
Operating Margin	4.29%	1.53%	1.13%	3.19%	4.90%	4.07%
Profit Margin	16.66%	4.26%	1.00%	4.40%	5.38%	3.91%
Free Cash Flow Margin	-	15.37%	-32.11%	-28.91%	-0.82%	5.89%
EBITDA	1,919	1,359	1,095	1,174	1,360	1,435
EBITDA Margin	-	9.30%	7.56%	8.68%	10.23%	8.10%
D&A For EBITDA	1,290	1,136	931	743	709	714
EBIT	629	223	164	431	651	721
EBIT Margin	-	1.53%	1.13%	3.19%	4.90%	4.07%
Effective Tax Rate	-	27.89%	37.50%	43.12%	29.04%	30.07%
Advertising Expenses	-	267	408	324	323	4,394

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