Keyware Solutions Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	21,911	21,101	20,511	19,173	18,427	18,627
Revenue Growth (YoY)	4.52%	2.88%	6.98%	4.05%	-1.07%	1.08%
Cost of Revenue	17,471	17,072	16,676	15,732	15,466	15,650
Gross Profit	4,440	4,029	3,835	3,441	2,961	2,977
Selling, General & Admin	3,265	3,108	2,962	2,703	2,411	2,344
Operating Expenses	3,265	3,108	2,962	2,702	2,410	2,342
Operating Income	1,175	921	873	739	551	635
Interest Expense	-1	-1	-1	-2	-9	-14
Interest & Investment Income	44	5	3	3	3	2
Earnings From Equity Investments	61	262	221	231	234	111
Other Non Operating Income (Expenses)	37	36	-8	-52	-24	20
EBT Excluding Unusual Items	1,316	1,223	1,088	919	755	754
Gain (Loss) on Sale of Investments	187	184	-	-186	-	-
Asset Writedown	-81	-81	-1	-	-	-
Other Unusual Items	-1	-1	-	-	-	-
Pretax Income	1,421	1,325	1,087	733	755	754
Income Tax Expense	360	294	358	251	199	69
Net Income	1,061	1,031	729	482	556	685
Net Income to Common	1,061	1,031	729	482	556	685
Net Income Growth	53.77%	41.43%	51.24%	-13.31%	-18.83%	97.41%
Shares Outstanding (Basic)	8	8	8	8	8	7
Shares Outstanding (Diluted)	8	8	8	8	8	7
Shares Change (YoY)	2.24%	0.45%	0.13%	2.61%	10.33%	-14.58%
EPS (Basic)	128.87	127.54	90.59	59.97	70.98	96.49
EPS (Diluted)	128.87	127.54	90.59	59.97	70.98	96.49
EPS Growth	50.40%	40.80%	51.04%	-15.51%	-26.43%	131.11%
Free Cash Flow	698	-580	1,161	638	546	-202
Free Cash Flow Per Share	84.78	-71.75	144.27	79.38	69.71	-28.45
Dividend Per Share	49.000	32.000	20.000	12.000	12.000	12.000
Dividend Growth	145.00%	60.00%	66.67%	-	-	-
Gross Margin	20.26%	19.09%	18.70%	17.95%	16.07%	15.98%
Operating Margin	5.36%	4.37%	4.26%	3.85%	2.99%	3.41%
Profit Margin	4.84%	4.89%	3.55%	2.51%	3.02%	3.68%
Free Cash Flow Margin	3.19%	-2.75%	5.66%	3.33%	2.96%	-1.08%
EBITDA	1,441	1,164	1,079	819	631	710
EBITDA Margin	6.58%	5.52%	5.26%	4.27%	3.42%	3.81%
D&A For EBITDA	266	243	206	80	80	75
EBIT	1,175	921	873	739	551	635
EBIT Margin	5.36%	4.37%	4.26%	3.85%	2.99%	3.41%
Effective Tax Rate	25.33%	22.19%	32.93%	34.24%	26.36%	9.15%

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