Densan Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	27,987	18,740	15,974	17,804	17,306
Revenue Growth (YoY)	49.34%	17.32%	-10.28%	2.88%	7.50%
Cost of Revenue	17,396	12,251	10,444	11,296	12,615
Gross Profit	10,591	6,489	5,530	6,508	4,691
Selling, General & Admin	4,294	3,239	3,061	4,005	3,445
Research & Development	-	733	1,178	-	-
Operating Expenses	4,294	3,972	4,239	4,005	3,445
Operating Income	6,297	2,517	1,291	2,503	1,246
Interest Expense	-19	-17	-15	-19	-22
Interest & Investment Income	23	12	10	10	9
Other Non Operating Income (Expenses)	-7	10	-53	12	9
EBT Excluding Unusual Items	6,294	2,522	1,233	2,506	1,242
Gain (Loss) on Sale of Investments	-	-	-2	-1	-
Gain (Loss) on Sale of Assets	13	-	-	-	-
Asset Writedown	-	-	-	-295	-5
Other Unusual Items	-	-	-	-1	-
Pretax Income	6,307	2,522	1,231	2,209	1,237
Income Tax Expense	1,829	680	333	598	378
Net Income	4,478	1,842	898	1,611	859
Net Income to Common	4,478	1,842	898	1,611	859
Net Income Growth	143.10%	105.12%	-44.26%	87.54%	43.41%
Shares Outstanding (Basic)	6	6	5	5	5
Shares Outstanding (Diluted)	6	6	5	5	5
Shares Change (YoY)	-2.82%	9.29%	5.83%	0.21%	-8.45%
EPS (Basic)	794.05	317.42	169.18	321.30	171.70
EPS (Diluted)	793.25	317.07	169.05	320.91	171.41
EPS Growth	150.18%	87.56%	-47.32%	87.22%	56.67%
Free Cash Flow	4,015	2,794	1,170	1,083	2,001
Free Cash Flow Per Share	711.23	480.98	220.13	215.65	399.29
Dividend Per Share	-	37.000	37.000	45.000	35.000
Dividend Growth	-	-	-17.78%	28.57%	-7.90%
Gross Margin	37.84%	34.63%	34.62%	36.55%	27.11%
Operating Margin	22.50%	13.43%	8.08%	14.06%	7.20%
Profit Margin	16.00%	9.83%	5.62%	9.05%	4.96%
Free Cash Flow Margin	14.35%	14.91%	7.32%	6.08%	11.56%
EBITDA	7,906	3,435	2,079	3,329	2,063
EBITDA Margin	28.25%	18.33%	13.01%	18.70%	11.92%
D&A For EBITDA	1,609	918	788	826	817
EBIT	6,297	2,517	1,291	2,503	1,246
EBIT Margin	22.50%	13.43%	8.08%	14.06%	7.20%
Effective Tax Rate	29.00%	26.96%	27.05%	27.07%	30.56%

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