BENEFIT JAPAN 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	16,093	12,745	13,065	12,557	11,567	9,945
Revenue Growth (YoY)	26.45%	-2.45%	4.05%	8.56%	16.31%	29.14%
Cost of Revenue	6,833	5,394	5,710	5,721	5,115	4,320
Gross Profit	9,260	7,351	7,355	6,836	6,452	5,625
Selling, General & Admin	7,745	6,043	6,140	5,670	4,818	4,272
Other Operating Expenses	1	1	-	1	1	1
Operating Expenses	7,832	6,130	6,468	5,812	4,945	4,343
Operating Income	1,428	1,221	887	1,024	1,507	1,282
Interest Expense	-9	-8	-7	-7	-6	-6
Interest & Investment Income	5	1	-	-	-	-
Other Non Operating Income (Expenses)	29	20	20	1	31	31
EBT Excluding Unusual Items	1,453	1,234	900	1,018	1,532	1,307
Gain (Loss) on Sale of Investments	-5	-5	167	-	-	-
Gain (Loss) on Sale of Assets	-1	-	-	-	-	-
Other Unusual Items	-28	-	-	-126	-22	-
Pretax Income	1,419	1,229	1,067	892	1,510	1,307
Income Tax Expense	471	399	333	332	461	395
Net Income	948	830	734	560	1,049	912
Net Income to Common	948	830	734	560	1,049	912
Net Income Growth	22.01%	13.08%	31.07%	-46.62%	15.02%	21.76%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	-0.15%	-1.01%	-0.67%	0.15%	0.34%	0.25%
EPS (Basic)	161.50	141.02	123.91	94.09	176.69	154.26
EPS (Diluted)	160.98	141.00	123.45	93.54	175.29	152.99
EPS Growth	22.27%	14.22%	31.98%	-46.64%	14.58%	21.52%
Free Cash Flow	-	1,180	934	84	1,363	523
Free Cash Flow Per Share	-	200.24	156.90	14.02	227.76	87.69
Dividend Per Share	43.000	43.000	20.000	9.000	9.000	8.000
Dividend Growth	115.00%	115.00%	122.22%	-	12.50%	-
Gross Margin	57.54%	57.68%	56.29%	54.44%	55.78%	56.56%
Operating Margin	8.87%	9.58%	6.79%	8.15%	13.03%	12.89%
Profit Margin	5.89%	6.51%	5.62%	4.46%	9.07%	9.17%
Free Cash Flow Margin	-	9.26%	7.15%	0.67%	11.78%	5.26%
EBITDA	1,559	1,376	1,074	1,185	1,620	1,390
EBITDA Margin	9.69%	10.80%	8.22%	9.44%	14.01%	13.98%
D&A For EBITDA	131	155	187	161	113	108
EBIT	1,428	1,221	887	1,024	1,507	1,282
EBIT Margin	8.87%	9.58%	6.79%	8.15%	13.03%	12.89%
Effective Tax Rate	33.19%	32.46%	31.21%	37.22%	30.53%	30.22%

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