Kewpie Corporation (TYO: 2809)

Kewpie Income Statement

Financials in millions JPY. Fiscal year is December - November.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Aug 31, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Revenue	480,100	455,086	430,304	407,039	531,103	545,723
Revenue Growth (YoY)	7.17%	5.76%	5.72%	-23.36%	-2.68%	-4.85%
Cost of Revenue	334,989	332,755	306,114	282,807	405,790	412,741
Gross Profit	145,111	122,331	124,190	124,232	125,313	132,982
Selling, General & Admin	104,942	95,672	92,324	90,013	90,166	93,859
Research & Development	4,000	3,956	3,912	4,033	3,963	4,156
Operating Expenses	109,145	102,839	98,755	96,260	97,009	100,933
Operating Income	35,966	19,492	25,435	27,972	28,304	32,049
Interest Expense	-305	-393	-255	-241	-337	-294
Interest & Investment Income	1,253	1,008	711	532	604	564
Earnings From Equity Investments	206	-343	928	998	116	168
Currency Exchange Gain (Loss)	-	-	-	-	-75	-131
Other Non Operating Income (Expenses)	34	725	428	435	377	917
EBT Excluding Unusual Items	37,154	20,489	27,247	29,696	28,989	33,273
Gain (Loss) on Sale of Investments	758	3,726	1,544	969	-1,777	370
Gain (Loss) on Sale of Assets	-691	20	39	459	102	137
Asset Writedown	-547	-2,217	-2,037	-2,184	-3,830	-1,717
Other Unusual Items	-949	56	-164	-81	-660	423
Pretax Income	36,159	22,074	26,629	28,859	22,824	32,486
Income Tax Expense	11,355	6,550	8,264	8,590	8,824	10,572
Earnings From Continuing Operations	24,804	15,524	18,365	20,269	14,000	21,914
Minority Interest in Earnings	-2,955	-2,350	-2,332	-2,255	-2,622	-3,216
Net Income	21,849	13,174	16,033	18,014	11,378	18,698
Net Income to Common	21,849	13,174	16,033	18,014	11,378	18,698
Net Income Growth	73.78%	-17.83%	-11.00%	58.32%	-39.15%	2.06%
Shares Outstanding (Basic)	139	139	139	141	143	143
Shares Outstanding (Diluted)	139	139	139	141	143	143
Shares Change (YoY)	-0.00%	-0.00%	-1.10%	-1.74%	-0.00%	-2.52%
EPS (Basic)	157.18	94.77	115.34	128.16	79.54	130.72
EPS (Diluted)	157.18	94.77	115.34	128.16	79.54	130.72
EPS Growth	73.78%	-17.83%	-10.00%	61.12%	-39.15%	4.70%
Free Cash Flow	-	8,561	14,717	30,790	14,248	18,964
Free Cash Flow Per Share	-	61.59	105.87	219.06	99.61	132.58
Dividend Per Share	50.000	50.000	47.000	47.000	40.000	40.000
Dividend Growth	85.19%	6.38%	0%	17.50%	0%	5.26%
Gross Margin	30.23%	26.88%	28.86%	30.52%	23.59%	24.37%
Operating Margin	7.49%	4.28%	5.91%	6.87%	5.33%	5.87%
Profit Margin	4.55%	2.89%	3.73%	4.43%	2.14%	3.43%
Free Cash Flow Margin	-	1.88%	3.42%	7.56%	2.68%	3.48%
EBITDA	53,734	36,609	41,684	43,506	48,595	50,942
EBITDA Margin	11.19%	8.04%	9.69%	10.69%	9.15%	9.33%
D&A For EBITDA	17,768	17,117	16,249	15,534	20,291	18,893
EBIT	35,966	19,492	25,435	27,972	28,304	32,049
EBIT Margin	7.49%	4.28%	5.91%	6.87%	5.33%	5.87%
Effective Tax Rate	31.40%	29.67%	31.03%	29.77%	38.66%	32.54%
Advertising Expenses	-	14,393	13,485	12,751	12,590	13,516

Source: S&P Capital IQ. Standard template. Financial Sources.