Okayama Paper Industries Income Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	11,112	11,522	11,511	10,870	10,084	9,401
Revenue Growth (YoY)	-4.29%	0.10%	5.90%	7.80%	7.27%	-6.29%
Cost of Revenue	8,470	8,663	8,194	8,575	7,830	7,067
Gross Profit	2,642	2,859	3,317	2,295	2,254	2,334
Selling, General & Admin	1,758	1,798	1,604	1,652	1,539	1,483
Operating Expenses	1,787	1,827	1,635	1,681	1,566	1,509
Operating Income	855	1,032	1,682	614	688	825
Interest & Investment Income	121	105	81	71	59	51
Other Non Operating Income (Expenses)	26	9	15	7	8	14
EBT Excluding Unusual Items	1,002	1,146	1,778	692	755	890
Gain (Loss) on Sale of Investments	5	5	9	20	7	6
Gain (Loss) on Sale of Assets	6	-	-	-	88	-
Asset Writedown	-7	-19	-66	-	-	-
Other Unusual Items	-	-	-63	-	-	-
Pretax Income	1,006	1,132	1,658	712	850	896
Income Tax Expense	271	334	501	218	259	280
Net Income	735	798	1,157	494	591	616
Net Income to Common	735	798	1,157	494	591	616
Net Income Growth	-6.49%	-31.03%	134.21%	-16.41%	-4.06%	-36.63%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	0.17%	0.22%	-5.26%	-2.13%	0.25%	0.30%
EPS (Basic)	158.37	172.17	250.16	101.19	118.48	123.81
EPS (Diluted)	158.37	172.17	250.16	101.19	118.48	123.81
EPS Growth	-6.64%	-31.18%	147.21%	-14.59%	-4.30%	-36.82%
Free Cash Flow	-	-2,015	1,658	267	602	70
Free Cash Flow Per Share	-	-434.73	358.48	54.69	120.69	14.07
Gross Margin	23.78%	24.81%	28.82%	21.11%	22.35%	24.83%
Operating Margin	7.69%	8.96%	14.61%	5.65%	6.82%	8.78%
Profit Margin	6.61%	6.93%	10.05%	4.54%	5.86%	6.55%
Free Cash Flow Margin	-	-17.49%	14.40%	2.46%	5.97%	0.74%
EBITDA	1,109	1,311	1,994	913	1,024	1,128
EBITDA Margin	9.98%	11.38%	17.32%	8.40%	10.15%	12.00%
D&A For EBITDA	254.25	279	312	299	336	303
EBIT	855	1,032	1,682	614	688	825
EBIT Margin	7.69%	8.96%	14.61%	5.65%	6.82%	8.78%
Effective Tax Rate	26.94%	29.50%	30.22%	30.62%	30.47%	31.25%

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