Nissin Foods Holdings Co.,Ltd. (TYO: 2897)

Nissin Foods Holdings Co.,Ltd. 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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	760,653	732,933	669,248	569,722	506,107	468,879
Revenue Growth (YoY)	8.25%	9.52%	17.47%	12.57%	7.94%	3.97%
Cost of Revenue	490,911	474,303	448,170	375,219	324,350	301,599
Gross Profit	269,742	258,630	221,078	194,503	181,757	167,280
Selling, General & Admin	210,602	197,252	173,823	151,518	136,590	129,485
Other Operating Expenses	790	598	-65	-501	609	-165
Operating Expenses	211,392	197,850	173,758	151,017	137,199	129,320
Operating Income	58,350	60,780	47,320	43,486	44,558	37,960
Interest Expense	-1,594	-584	-689	-487	-566	-583
Interest & Investment Income	3,845	3,913	3,222	2,653	1,872	2,455
Earnings From Equity Investments	12,235	13,038	7,998	3,656	5,435	4,543
Currency Exchange Gain (Loss)	218	218	-235	320	-399	-501
Other Non Operating Income (Expenses)	407	407	787	373	904	342
EBT Excluding Unusual Items	73,461	77,772	58,403	50,001	51,804	44,216
Gain (Loss) on Sale of Investments	-	-	-	-	4,589	-383
Gain (Loss) on Sale of Assets	-380	-380	-278	-389	11	124
Asset Writedown	-478	-478	-177	-431	-172	-1,308
Pretax Income	72,603	76,914	57,948	49,181	56,232	42,649
Income Tax Expense	16,924	18,197	9,568	10,927	12,893	11,528
Earnings From Continuing Operations	55,679	58,717	48,380	38,254	43,339	31,121
Minority Interest in Earnings	-4,469	-4,547	-3,620	-2,842	-2,511	-1,805
Net Income	51,210	54,170	44,760	35,412	40,828	29,316
Net Income to Common	51,210	54,170	44,760	35,412	40,828	29,316
Net Income Growth	-13.77%	21.02%	26.40%	-13.27%	39.27%	51.46%
Shares Outstanding (Basic)	302	304	305	309	313	312
Shares Outstanding (Diluted)	304	306	306	311	314	314
Shares Change (YoY)	-0.50%	-0.17%	-1.47%	-1.04%	0.04%	0.04%
EPS (Basic)	169.29	178.16	146.94	114.49	130.64	93.81
EPS (Diluted)	168.21	177.04	146.04	113.84	129.90	93.31
EPS Growth	-13.34%	21.22%	28.28%	-12.36%	39.21%	51.40%
Free Cash Flow	-3,582	32,035	39,530	29,178	41,412	19,600
Free Cash Flow Per Share	-11.77	104.70	128.98	93.80	131.75	62.38
Dividend Per Share	75.033	66.700	46.667	40.000	36.667	36.667
Dividend Growth	45.23%	42.93%	16.67%	9.09%	0%	0%
Gross Margin	35.46%	35.29%	33.03%	34.14%	35.91%	35.68%
Operating Margin	7.67%	8.29%	7.07%	7.63%	8.80%	8.10%
Profit Margin	6.73%	7.39%	6.69%	6.22%	8.07%	6.25%
Free Cash Flow Margin	-0.47%	4.37%	5.91%	5.12%	8.18%	4.18%
EBITDA	90,796	92,042	76,518	71,726	69,921	63,151
EBITDA Margin	11.94%	12.56%	11.43%	12.59%	13.82%	13.47%
D&A For EBITDA	32,446	31,262	29,198	28,240	25,363	25,191
EBIT	58,350	60,780	47,320	43,486	44,558	37,960
EBIT Margin	7.67%	8.29%	7.07%	7.63%	8.80%	8.10%
Effective Tax Rate	23.31%	23.66%	16.51%	22.22%	22.93%	27.03%
Advertising Expenses	-	40,982	35,635	29,907	28,146	26,748

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