Encourage Technologies Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep '20 Sep 30, 2020	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017
Revenue	1,748	1,928	2,268	1,897	1,871
Revenue Growth	-17.12%	-14.99%	19.56%	1.39%	-
Cost of Revenue	655	746	724	709	694
Gross Profit	1,093	1,182	1,544	1,188	1,177
Selling, General & Admin	1,004	1,020	979	779	706
Operating Expenses	1,004	1,020	979	779	706
Operating Income	89	162	565	409	471
Interest & Investment Income	1	1	1	-	-
Other Non Operating Income (Expenses)	5	7	-2	8	-
EBT Excluding Unusual Items	95	170	564	417	471
Gain (Loss) on Sale of Investments	-16	-16	-	-	-
Asset Writedown	-	-7	-	-	-
Other Unusual Items	-1	-1	-	-	-
Pretax Income	78	146	564	417	471
Income Tax Expense	46	63	157	127	135
Net Income	32	83	407	290	336
Net Income to Common	32	83	407	290	336
Net Income Growth	-85.59%	-79.61%	40.34%	-13.69%	-
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change	-1.21%	-0.06%	-0.39%	-0.42%	-
EPS (Basic)	4.72	12.09	59.26	42.06	48.53
EPS (Diluted)	4.72	12.09	59.26	42.06	48.53
EPS Growth	-85.41%	-79.59%	40.90%	-13.33%	-

Additional Metrics

Fiscal Year	TTM	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep '20 Sep 30, 2020	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017
Free Cash Flow	163	19	731	662	427
Free Cash Flow Per Share	24.02	2.77	106.43	96.01	61.67
Dividend Per Share	18.000	18.000	14.000	12.500	12.500
Dividend Growth	28.57%	28.57%	12.00%	0%	-
Gross Margin	62.53%	61.31%	68.08%	62.63%	62.91%
Operating Margin	5.09%	8.40%	24.91%	21.56%	25.17%
Profit Margin	1.83%	4.30%	17.95%	15.29%	17.96%
Free Cash Flow Margin	9.32%	0.98%	32.23%	34.90%	22.82%
EBITDA	229	325	710	679	684
EBITDA Margin	13.10%	16.86%	31.30%	35.79%	36.56%
D&A For EBITDA	140	163	145	270	213
EBIT	89	162	565	409	471
EBIT Margin	5.09%	8.40%	24.91%	21.56%	25.17%
Effective Tax Rate	58.97%	43.15%	27.84%	30.46%	28.66%