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	2016 - 2020
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	2016 - 2020
Revenue	16,318	15,463	14,078	12,842	12,247	13,518	Upgrade
Revenue Growth (YoY)	9.56%	9.84%	9.63%	4.86%	-9.40%	105.27%	Upgrade
Cost of Revenue	11,679	11,158	10,269	9,477	9,224	10,189	Upgrade
Gross Profit	4,639	4,305	3,809	3,365	3,023	3,329	Upgrade
Selling, General & Admin	2,705	2,594	2,371	2,154	1,935	2,044	Upgrade
Operating Expenses	2,705	2,594	2,371	2,154	1,935	2,044	Upgrade
Operating Income	1,934	1,711	1,438	1,211	1,088	1,285	Upgrade
Interest Expense	-	-	-	-	-	-2	Upgrade
Interest & Investment Income	54	43	36	33	25	22	Upgrade
Currency Exchange Gain (Loss)	-	-1	-	-	-	-	Upgrade
Other Non Operating Income (Expenses)	6	12	10	-1	17	9	Upgrade
EBT Excluding Unusual Items	1,994	1,765	1,484	1,243	1,130	1,314	Upgrade
Gain (Loss) on Sale of Investments	-	7	-21	-	-	21	Upgrade
Asset Writedown	-2	-2	-	-3	-	-	Upgrade
Other Unusual Items	-	-	-	-	6	7	Upgrade
Pretax Income	1,992	1,770	1,463	1,240	1,136	1,342	Upgrade
Income Tax Expense	629	561	484	399	352	444	Upgrade
Net Income	1,363	1,209	979	841	784	898	Upgrade
Net Income to Common	1,363	1,209	979	841	784	898	Upgrade
Net Income Growth	24.59%	23.49%	16.41%	7.27%	-12.70%	3162.01%	Upgrade
Shares Outstanding (Basic)	18	18	19	19	19	18	Upgrade
Shares Outstanding (Diluted)	18	19	19	19	19	19	Upgrade
Shares Change (YoY)	-3.64%	-1.09%	0.23%	0.29%	0.04%	6.50%	Upgrade
EPS (Basic)	76.36	65.78	52.54	45.19	42.26	48.62	Upgrade
EPS (Diluted)	75.05	64.76	51.85	44.66	41.78	47.86	Upgrade
EPS Growth	29.33%	24.90%	16.09%	6.89%	-12.69%	2966.38%	Upgrade
Free Cash Flow	1,389	890	782	1,017	1,742	169	Upgrade
Free Cash Flow Per Share	76.47	47.66	41.42	53.99	92.75	9.00	Upgrade
Dividend Per Share	35.500	30.000	21.500	19.000	18.000	17.500	Upgrade
Dividend Growth	44.90%	39.53%	13.16%	5.56%	2.86%	1399.96%	Upgrade
Gross Margin	28.43%	27.84%	27.06%	26.20%	24.68%	24.63%	Upgrade
Operating Margin	11.85%	11.06%	10.21%	9.43%	8.88%	9.51%	Upgrade
Profit Margin	8.35%	7.82%	6.95%	6.55%	6.40%	6.64%	Upgrade
Free Cash Flow Margin	8.51%	5.76%	5.56%	7.92%	14.22%	1.25%	Upgrade
EBITDA	2,083	1,857	1,578	1,328	1,182	1,375	Upgrade
EBITDA Margin	12.77%	12.01%	11.21%	10.34%	9.65%	10.17%	Upgrade
D&A For EBITDA	149	146	140	117	94	90	Upgrade
EBIT	1,934	1,711	1,438	1,211	1,088	1,285	Upgrade
EBIT Margin	11.85%	11.06%	10.21%	9.43%	8.88%	9.51%	Upgrade
Effective Tax Rate	31.58%	31.70%	33.08%	32.18%	30.99%	33.09%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.