Nichirei Corporation (TYO:2871)

Nichirei Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	700,523	680,091	662,204	602,696	572,757	584,858
Revenue Growth (YoY)	3.70%	2.70%	9.87%	5.23%	-2.07%	0.81%
Cost of Revenue	573,559	559,945	553,330	500,451	473,954	485,784
Gross Profit	126,964	120,146	108,874	102,245	98,803	99,074
Selling, General & Admin	85,912	81,267	74,047	68,896	63,450	65,552
Research & Development	2,171	1,967	1,892	1,939	2,403	2,486
Operating Expenses	88,083	83,234	75,939	70,835	65,853	68,038
Operating Income	38,881	36,912	32,935	31,410	32,950	31,036
Interest Expense	-1,029	-886	-787	-619	-709	-791
Interest & Investment Income	1,701	1,262	1,068	903	879	895
Earnings From Equity Investments	447	689	292	116	376	387
Currency Exchange Gain (Loss)	-	-	-221	-	-	-
Other Non Operating Income (Expenses)	383	278	159	-144	36	248
EBT Excluding Unusual Items	40,383	38,255	33,446	31,666	33,532	31,775
Gain (Loss) on Sale of Investments	306	680	1,217	3,924	144	423
Gain (Loss) on Sale of Assets	147	138	55	26	42	59
Asset Writedown	-1,887	-1,768	-1,570	-1,412	-2,653	-2,109
Legal Settlements	-	-205	-	-	-	-
Other Unusual Items	49	59	-162	903	538	-357
Pretax Income	38,998	37,159	32,986	35,107	31,603	29,791
Income Tax Expense	11,675	11,255	9,349	10,839	8,954	9,008
Earnings From Continuing Operations	27,323	25,904	23,637	24,268	22,649	20,783
Minority Interest in Earnings	-2,337	-1,409	-2,069	-886	-1,437	-1,174
Net Income	24,986	24,495	21,568	23,382	21,212	19,609
Net Income to Common	24,986	24,495	21,568	23,382	21,212	19,609
Net Income Growth	0.64%	13.57%	-7.76%	10.23%	8.18%	-1.68%
Shares Outstanding (Basic)	255	255	258	265	267	267
Shares Outstanding (Diluted)	255	255	258	265	267	267
Shares Change (YoY)	-0.14%	-1.03%	-2.47%	-0.70%	-	-0.01%
EPS (Basic)	97.92	95.90	83.57	88.36	79.59	73.58
EPS (Diluted)	97.92	95.90	83.57	88.36	79.59	73.58
EPS Growth	0.79%	14.76%	-5.42%	11.01%	8.18%	-1.66%
Free Cash Flow	-	35,716	14,035	13,371	16,924	19,072
Free Cash Flow Per Share	-	139.83	54.38	50.53	63.50	71.56
Dividend Per Share	39.000	37.000	26.000	25.000	22.000	21.000
Dividend Growth	-12.36%	42.31%	4.00%	13.64%	4.76%	31.25%
Gross Margin	18.12%	17.67%	16.44%	16.96%	17.25%	16.94%
Operating Margin	5.55%	5.43%	4.97%	5.21%	5.75%	5.31%
Profit Margin	3.57%	3.60%	3.26%	3.88%	3.70%	3.35%
Free Cash Flow Margin	-	5.25%	2.12%	2.22%	2.96%	3.26%
EBITDA	64,616	61,131	55,133	52,499	52,619	49,391
EBITDA Margin	9.22%	8.99%	8.33%	8.71%	9.19%	8.45%
D&A For EBITDA	25,735	24,219	22,198	21,089	19,669	18,355
EBIT	38,881	36,912	32,935	31,410	32,950	31,036
EBIT Margin	5.55%	5.43%	4.97%	5.21%	5.75%	5.31%
Effective Tax Rate	29.94%	30.29%	28.34%	30.87%	28.33%	30.24%
Advertising Expenses	-	6,581	4,732	4,613	4,008	5,611

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.