Izawa Towel 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
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024
Revenue	10,283	9,825	9,939
Revenue Growth (YoY)	4.66%	-1.14%	-
Cost of Revenue	8,034	7,791	7,650
Gross Profit	2,249	2,034	2,289
Selling, General & Admin	1,668	1,396	1,319
Operating Expenses	1,668	1,396	1,319
Operating Income	581.37	638.14	969.58
Interest Expense	-43.4	-27.19	-33.88
Currency Exchange Gain (Loss)	639.42	367.05	867.21
Other Non Operating Income (Expenses)	-39.43	2.09	-31.03
Pretax Income	1,138	980.08	1,772
Income Tax Expense	411.9	401.55	668.81
Earnings From Continuing Operations	726.07	578.54	1,103
Minority Interest in Earnings	-	-0	-
Net Income	726.07	578.53	1,103
Net Income to Common	726.07	578.53	1,103
Net Income Growth	25.50%	-47.55%	-
Shares Outstanding (Basic)	10	10	-
Shares Outstanding (Diluted)	10	10	-
Shares Change (YoY)	2.02%	-	-
EPS (Basic)	72.65	57.85	-
EPS (Diluted)	71.17	57.85	-
EPS Growth	23.02%	-	-
Free Cash Flow	302.59	639.65	1,421
Free Cash Flow Per Share	29.66	63.97	-
Dividend Per Share	40.000	39.000	-
Dividend Growth	2.56%	-	-
Gross Margin	21.87%	20.71%	23.03%
Operating Margin	5.65%	6.49%	9.75%
Profit Margin	7.06%	5.89%	11.10%
Free Cash Flow Margin	2.94%	6.51%	14.30%
EBITDA	796.55	849.88	1,183
EBITDA Margin	7.75%	8.65%	11.90%
D&A For EBITDA	215.19	211.74	213.07
EBIT	581.37	638.14	969.58
EBIT Margin	5.65%	6.49%	9.75%
Effective Tax Rate	36.20%	40.97%	37.75%
Advertising Expenses	-	189.97	196.55

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