Hulic Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	797,644	727,447	591,615	446,383	523,424	447,077
Revenue Growth (YoY)	24.50%	22.96%	32.53%	-14.72%	17.08%	31.63%
Cost of Revenue	508,679	450,644	360,681	249,875	350,854	291,668
Gross Profit	288,965	276,803	230,934	196,508	172,570	155,409
Selling, General & Admin	102,785	84,007	62,249	46,080	42,402	36,922
Other Operating Expenses	-	5,961	5,312	4,249	4,020	3,760
Operating Expenses	102,785	89,976	67,573	50,329	46,422	40,902
Operating Income	186,180	186,827	163,361	146,179	126,148	114,507
Interest Expense	-24,070	-21,759	-13,172	-11,576	-10,415	-10,208
Interest & Investment Income	5,811	5,739	4,099	3,583	3,141	2,568
Earnings From Equity Investments	1,413	1,247	236	-136	1,033	458
Currency Exchange Gain (Loss)	-233	-	-	-	-	-
Other Non Operating Income (Expenses)	-5,320	873	-195	-614	3,315	2,256
EBT Excluding Unusual Items	163,781	172,927	154,329	137,436	123,222	109,581
Gain (Loss) on Sale of Investments	6,008	3,841	3,305	21	2,368	255
Asset Writedown	-5,975	-5,258	-4,442	-3,573	-3,387	-1,260
Other Unusual Items	8,176	-168	-2,057	2,813	-4,725	-2,915
Pretax Income	171,022	171,342	151,135	136,697	117,478	105,661
Income Tax Expense	54,538	56,081	47,845	41,978	38,328	35,204
Earnings From Continuing Operations	116,484	115,261	103,290	94,719	79,150	70,457
Minority Interest in Earnings	-1,184	-927	-949	-94	-	-893
Net Income	115,300	114,334	102,341	94,625	79,150	69,564
Net Income to Common	115,300	114,334	102,341	94,625	79,150	69,564
Net Income Growth	11.23%	11.72%	8.15%	19.55%	13.78%	9.35%
Shares Outstanding (Basic)	759	760	761	761	761	688
Shares Outstanding (Diluted)	759	760	761	761	761	688
Shares Change (YoY)	-0.26%	-0.22%	0.06%	-0.02%	10.60%	3.00%
EPS (Basic)	151.85	150.51	134.43	124.36	104.00	101.10
EPS (Diluted)	151.84	150.50	134.43	124.33	103.97	101.10
EPS Growth	11.51%	11.96%	8.12%	19.58%	2.84%	6.16%
Free Cash Flow	-	-157,015	-11,320	13,582	-25,000	80,048
Free Cash Flow Per Share	-	-206.69	-14.87	17.85	-32.85	116.33
Dividend Per Share	62.000	62.000	54.000	50.000	42.000	39.000
Dividend Growth	14.82%	14.82%	8.00%	19.05%	7.69%	8.33%
Gross Margin	36.23%	38.05%	39.03%	44.02%	32.97%	34.76%
Operating Margin	23.34%	25.68%	27.61%	32.75%	24.10%	25.61%
Profit Margin	14.46%	15.72%	17.30%	21.20%	15.12%	15.56%
Free Cash Flow Margin	-	-21.58%	-1.91%	3.04%	-4.78%	17.90%
EBITDA	206,601	206,740	181,242	162,486	142,401	130,446
EBITDA Margin	25.90%	28.42%	30.64%	36.40%	27.21%	29.18%
D&A For EBITDA	20,421	19,913	17,881	16,307	16,253	15,939
EBIT	186,180	186,827	163,361	146,179	126,148	114,507
EBIT Margin	23.34%	25.68%	27.61%	32.75%	24.10%	25.61%
Effective Tax Rate	31.89%	32.73%	31.66%	30.71%	32.63%	33.32%

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