Warabeya Nichiyo Holdings Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	233,833	222,467	207,009	194,416	192,326
Revenue Growth (YoY)	5.11%	7.47%	6.48%	1.09%	-1.02%
Cost of Revenue	189,883	183,933	170,060	160,908	160,214
Gross Profit	43,950	38,534	36,949	33,508	32,112
Selling, General & Admin	35,843	33,323	30,113	28,114	27,194
Operating Expenses	36,668	34,018	30,568	28,522	27,670
Operating Income	7,282	4,516	6,381	4,986	4,442
Interest Expense	-413	-365	-158	-145	-86
Interest & Investment Income	415	473	302	307	292
Earnings From Equity Investments	73	118	106	-571	-137
Other Non Operating Income (Expenses)	474	207	256	104	576
EBT Excluding Unusual Items	7,831	4,949	6,887	4,681	5,087
Merger & Restructuring Charges	-244	-	-	-	-
Gain (Loss) on Sale of Assets	350	-53	-63	-54	-54
Asset Writedown	-249	-1,084	-939	-938	-303
Other Unusual Items	-450	-	-	500	-
Pretax Income	7,238	3,812	5,885	4,189	4,730
Income Tax Expense	1,625	952	1,636	1,251	1,329
Earnings From Continuing Operations	5,613	2,860	4,249	2,938	3,401
Minority Interest in Earnings	-274	-181	24	-128	-137
Net Income	5,339	2,679	4,273	2,810	3,264
Net Income to Common	5,339	2,679	4,273	2,810	3,264
Net Income Growth	99.29%	-37.30%	52.06%	-13.91%	378.59%
Shares Outstanding (Basic)	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17
Shares Change (YoY)	-0.53%	0.01%	-	0.03%	-0.17%
EPS (Basic)	307.31	153.38	244.67	160.90	186.95
EPS (Diluted)	307.31	153.38	244.67	160.90	186.95
EPS Growth	100.35%	-37.31%	52.06%	-13.93%	379.39%
Free Cash Flow	3,145	-5,278	-3,002	423	4,344
Free Cash Flow Per Share	181.02	-302.19	-171.90	24.22	248.81
Dividend Per Share	120.000	90.000	90.000	65.000	50.000
Dividend Growth	33.33%	-	38.46%	30.00%	25.00%
Gross Margin	18.80%	17.32%	17.85%	17.23%	16.70%
Operating Margin	3.11%	2.03%	3.08%	2.56%	2.31%
Profit Margin	2.28%	1.20%	2.06%	1.44%	1.70%
Free Cash Flow Margin	1.34%	-2.37%	-1.45%	0.22%	2.26%
EBITDA	14,599	12,018	11,351	9,640	9,620
EBITDA Margin	6.24%	5.40%	5.48%	4.96%	5.00%
D&A For EBITDA	7,317	7,502	4,970	4,654	5,178
EBIT	7,282	4,516	6,381	4,986	4,442
EBIT Margin	3.11%	2.03%	3.08%	2.56%	2.31%
Effective Tax Rate	22.45%	24.97%	27.80%	29.86%	28.10%

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