Tsuruha 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	May '24 May 15, 2024	May '23 May 15, 2023	May '22 May 15, 2022
Revenue	1,450,585	1,014,724	1,027,462	970,079	915,700
Revenue Growth (YoY)	42.95%	-1.24%	5.92%	5.94%	-0.39%
Cost of Revenue	1,006,596	705,676	715,185	676,717	644,217
Gross Profit	443,989	309,048	312,277	293,362	271,483
Selling, General & Admin	380,949	263,370	264,016	247,789	230,914
Other Operating Expenses	-	204	1,109	-	-
Operating Expenses	380,949	263,574	265,125	247,789	230,914
Operating Income	63,040	45,474	47,152	45,573	40,569
Interest Expense	-2,510	-1,741	-1,553	-1,301	-802
Interest & Investment Income	642	399.6	397	393	387
Earnings From Equity Investments	-473	-	-	-	-
Other Non Operating Income (Expenses)	2,387	1,274	1,469	1,023	-103
EBT Excluding Unusual Items	63,086	45,407	47,465	45,688	40,051
Merger & Restructuring Charges	-2,929	-	-	-	-
Gain (Loss) on Sale of Investments	6,742	4,596	3	-	-
Gain (Loss) on Sale of Assets	55	54	6	40	30
Asset Writedown	-10,873	-12,994	-9,116	-3,009	-2,355
Other Unusual Items	10,245	-3,007	-133	735	-82
Pretax Income	66,326	34,056	38,225	43,454	37,644
Income Tax Expense	20,970	11,720	13,806	14,812	13,234
Earnings From Continuing Operations	45,356	22,336	24,419	28,642	24,410
Minority Interest in Earnings	-2,686	-1,687	-2,676	-3,384	-3,022
Net Income	42,670	20,648	21,743	25,258	21,388
Net Income to Common	42,670	20,648	21,743	25,258	21,388
Net Income Growth	106.65%	-5.03%	-13.92%	18.09%	-18.62%
Shares Outstanding (Basic)	295	243	243	243	243
Shares Outstanding (Diluted)	296	244	244	244	243
Shares Change (YoY)	21.43%	-0.14%	0.28%	0.03%	0.03%
EPS (Basic)	144.54	84.88	89.45	103.98	88.12
EPS (Diluted)	144.08	84.66	89.45	103.70	87.84
EPS Growth	70.18%	-5.35%	-13.74%	18.06%	-18.65%
Free Cash Flow	59,685	53,440	19,972	-23,897	15,112
Free Cash Flow Per Share	201.53	219.12	81.77	-98.11	62.06
Dividend Per Share	49.700	64.080	53.400	52.000	33.400
Dividend Growth	-22.44%	20.00%	2.69%	55.69%	-
Gross Margin	30.61%	30.46%	30.39%	30.24%	29.65%
Operating Margin	4.35%	4.48%	4.59%	4.70%	4.43%
Profit Margin	2.94%	2.04%	2.12%	2.60%	2.34%
Free Cash Flow Margin	4.12%	5.27%	1.94%	-2.46%	1.65%
EBITDA	93,736	64,026	65,152	62,128	55,232
EBITDA Margin	6.46%	6.31%	6.34%	6.40%	6.03%
D&A For EBITDA	30,696	18,552	18,000	16,555	14,663
EBIT	63,040	45,474	47,152	45,573	40,569
EBIT Margin	4.35%	4.48%	4.59%	4.70%	4.43%
Effective Tax Rate	31.62%	34.41%	36.12%	34.09%	35.16%

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