Ad-Sol Nissin 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	Dec '25 Dec 31, 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	16,757	15,463	14,078	12,842	12,247	13,518
Revenue Growth (YoY)	9.86%	9.84%	9.63%	4.86%	-9.40%	105.27%
Cost of Revenue	11,860	11,158	10,269	9,477	9,224	10,189
Gross Profit	4,897	4,305	3,809	3,365	3,023	3,329
Selling, General & Admin	2,765	2,594	2,371	2,154	1,935	2,044
Operating Expenses	2,765	2,594	2,371	2,154	1,935	2,044
Operating Income	2,132	1,711	1,438	1,211	1,088	1,285
Interest Expense	-	-	-	-	-	-2
Interest & Investment Income	53.41	43	36	33	25	22
Currency Exchange Gain (Loss)	-0.39	-1	-	-	-	-
Other Non Operating Income (Expenses)	16.23	12	10	-1	17	9
EBT Excluding Unusual Items	2,201	1,765	1,484	1,243	1,130	1,314
Gain (Loss) on Sale of Investments	-0.91	7	-21	-	-	21
Asset Writedown	0.88	-2	-	-3	-	-
Other Unusual Items	-	-	-	-	6	7
Pretax Income	2,201	1,770	1,463	1,240	1,136	1,342
Income Tax Expense	706.37	561	484	399	352	444
Net Income	1,495	1,209	979	841	784	898
Net Income to Common	1,495	1,209	979	841	784	898
Net Income Growth	32.96%	23.49%	16.41%	7.27%	-12.70%	3162.01%
Shares Outstanding (Basic)	18	18	19	19	19	18
Shares Outstanding (Diluted)	18	19	19	19	19	19
Shares Change (YoY)	-4.77%	-1.09%	0.23%	0.29%	0.04%	6.50%
EPS (Basic)	84.90	65.78	52.54	45.19	42.26	48.62
EPS (Diluted)	83.42	64.76	51.85	44.66	41.78	47.86
EPS Growth	39.66%	24.90%	16.09%	6.89%	-12.69%	2966.38%
Free Cash Flow	-	890	782	1,017	1,742	169
Free Cash Flow Per Share	-	47.66	41.42	53.99	92.75	9.00
Dividend Per Share	17.500	30.000	21.500	19.000	18.000	17.500
Dividend Growth	-28.57%	39.53%	13.16%	5.56%	2.86%	1399.96%
Gross Margin	29.22%	27.84%	27.06%	26.20%	24.68%	24.63%
Operating Margin	12.72%	11.06%	10.21%	9.43%	8.88%	9.51%
Profit Margin	8.92%	7.82%	6.95%	6.55%	6.40%	6.64%
Free Cash Flow Margin	-	5.76%	5.56%	7.92%	14.22%	1.25%
EBITDA	2,282	1,857	1,578	1,328	1,182	1,375
EBITDA Margin	13.62%	12.01%	11.21%	10.34%	9.65%	10.17%
D&A For EBITDA	150.5	146	140	117	94	90
EBIT	2,132	1,711	1,438	1,211	1,088	1,285
EBIT Margin	12.72%	11.06%	10.21%	9.43%	8.88%	9.51%
Effective Tax Rate	32.09%	31.70%	33.08%	32.18%	30.99%	33.09%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.