Tsuruha Holdings Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	May '24 May 15, 2024	May '23 May 15, 2023	May '22 May 15, 2022	May '21 May 15, 2021
Revenue	1,014,724	1,027,462	970,079	915,700	919,303
Revenue Growth (YoY)	-1.24%	5.92%	5.94%	-0.39%	9.31%
Cost of Revenue	705,676	715,185	676,717	644,217	652,581
Gross Profit	309,048	312,277	293,362	271,483	266,722
Selling, General & Admin	263,370	264,016	247,789	230,914	218,035
Other Operating Expenses	204	1,109	-	-	309
Operating Expenses	263,574	265,125	247,789	230,914	218,344
Operating Income	45,474	47,152	45,573	40,569	48,378
Interest Expense	-1,741	-1,553	-1,301	-802	-634
Interest & Investment Income	399.6	397	393	387	390
Other Non Operating Income (Expenses)	1,274	1,469	1,023	-103	-448
EBT Excluding Unusual Items	45,407	47,465	45,688	40,051	47,686
Gain (Loss) on Sale of Investments	4,596	3	-	-	-39
Gain (Loss) on Sale of Assets	54	6	40	30	6
Asset Writedown	-12,994	-9,116	-3,009	-2,355	-1,854
Other Unusual Items	-3,007	-133	735	-82	230
Pretax Income	34,056	38,225	43,454	37,644	46,029
Income Tax Expense	11,720	13,806	14,812	13,234	16,510
Earnings From Continuing Operations	22,336	24,419	28,642	24,410	29,519
Minority Interest in Earnings	-1,687	-2,676	-3,384	-3,022	-3,236
Net Income	20,648	21,743	25,258	21,388	26,283
Net Income to Common	20,648	21,743	25,258	21,388	26,283
Net Income Growth	-5.03%	-13.92%	18.09%	-18.62%	-5.79%
Shares Outstanding (Basic)	243	243	243	243	242
Shares Outstanding (Diluted)	244	244	244	243	243
Shares Change (YoY)	-0.14%	0.28%	0.03%	0.03%	0.30%
EPS (Basic)	84.88	89.45	103.98	88.12	108.40
EPS (Diluted)	84.66	89.45	103.70	87.84	107.98
EPS Growth	-5.35%	-13.74%	18.06%	-18.65%	-6.07%
Free Cash Flow	53,440	19,972	-23,897	15,112	62,362
Free Cash Flow Per Share	219.12	81.77	-98.11	62.06	256.19
Dividend Per Share	64.080	53.400	52.000	33.400	33.400
Dividend Growth	20.00%	2.69%	55.69%	-	-
Gross Margin	30.46%	30.39%	30.24%	29.65%	29.01%
Operating Margin	4.48%	4.59%	4.70%	4.43%	5.26%
Profit Margin	2.04%	2.12%	2.60%	2.34%	2.86%
Free Cash Flow Margin	5.27%	1.94%	-2.46%	1.65%	6.78%
EBITDA	64,026	65,152	62,128	55,232	61,669
EBITDA Margin	6.31%	6.34%	6.40%	6.03%	6.71%
D&A For EBITDA	18,552	18,000	16,555	14,663	13,291
EBIT	45,474	47,152	45,573	40,569	48,378
EBIT Margin	4.48%	4.59%	4.70%	4.43%	5.26%
Effective Tax Rate	34.41%	36.12%	34.09%	35.16%	35.87%

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