Nitcho Income Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	17,679	18,118	18,443	17,642	15,467	17,061
Revenue Growth (YoY)	-10.53%	-1.76%	4.54%	14.06%	-9.34%	7.29%
Cost of Revenue	12,596	12,930	13,071	13,005	11,154	12,421
Gross Profit	5,083	5,188	5,372	4,637	4,313	4,640
Selling, General & Admin	4,236	4,163	4,135	3,935	3,818	3,818
Research & Development	92	92	101	92	64	81
Operating Expenses	4,417	4,344	4,313	4,095	3,970	3,976
Operating Income	666	844	1,059	542	343	664
Interest Expense	-1	-1	-	-	-1	-1
Interest & Investment Income	17	52	1	8	-	1
Other Non Operating Income (Expenses)	16	13	9	12	-2	24
EBT Excluding Unusual Items	698	908	1,069	562	340	688
Gain (Loss) on Sale of Investments	-	-	-	-	23	-
Asset Writedown	-	-	-	-22	-35	-18
Pretax Income	698	908	1,069	540	328	670
Income Tax Expense	251	307	369	208	123	234
Net Income to Company	-	601	700	332	205	436
Net Income	447	601	700	332	205	436
Net Income to Common	447	601	700	332	205	436
Net Income Growth	-50.50%	-14.14%	110.84%	61.95%	-52.98%	31.32%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	0.20%	-0.12%	-2.00%	2.36%	13.95%	-0.00%
EPS (Basic)	401.90	540.75	629.07	292.38	184.80	447.85
EPS (Diluted)	401.90	540.75	629.07	292.38	184.80	447.85
EPS Growth	-50.60%	-14.04%	115.16%	58.21%	-58.74%	31.33%
Free Cash Flow	-	-887	293	1,699	-438	1,020
Free Cash Flow Per Share	-	-798.07	263.31	1496.22	-394.84	1047.72
Gross Margin	28.75%	28.63%	29.13%	26.28%	27.88%	27.20%
Operating Margin	3.77%	4.66%	5.74%	3.07%	2.22%	3.89%
Profit Margin	2.53%	3.32%	3.79%	1.88%	1.32%	2.56%
Free Cash Flow Margin	-	-4.90%	1.59%	9.63%	-2.83%	5.98%
EBITDA	835.5	1,012	1,221	697	518	784
EBITDA Margin	4.73%	5.59%	6.62%	3.95%	3.35%	4.59%
D&A For EBITDA	169.5	168	162	155	175	120
EBIT	666	844	1,059	542	343	664
EBIT Margin	3.77%	4.66%	5.74%	3.07%	2.22%	3.89%
Effective Tax Rate	35.96%	33.81%	34.52%	38.52%	37.50%	34.92%

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