TYO:3940 Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,320	3,275	2,945	2,695	2,790
Revenue Growth (YoY)	1.37%	11.21%	9.28%	-3.40%	9.89%
Cost of Revenue	2,376	2,405	2,164	2,029	2,049
Gross Profit	944	870	781	666	741
Selling, General & Admin	358	347	311	304	262
Operating Expenses	358	355	317	314	266
Operating Income	586	515	464	352	475
Interest & Investment Income	6	-	-	18	17
Other Non Operating Income (Expenses)	-	-1	1	-	1
EBT Excluding Unusual Items	592	514	465	370	493
Gain (Loss) on Sale of Investments	-	-	27	-	-
Gain (Loss) on Sale of Assets	1	-	-	-	1
Pretax Income	593	514	492	370	494
Income Tax Expense	190	148	133	115	145
Net Income	403	366	359	255	349
Net Income to Common	403	366	359	255	349
Net Income Growth	10.11%	1.95%	40.78%	-26.93%	29.74%
Shares Outstanding (Basic)	46	46	46	46	23
Shares Outstanding (Diluted)	46	46	46	46	23
Shares Change (YoY)	-0.90%	0.15%	-0.60%	99.54%	0.29%
EPS (Basic)	8.81	7.96	7.81	5.51	15.13
EPS (Diluted)	8.81	7.93	7.79	5.50	15.02
EPS Growth	11.11%	1.80%	41.64%	-63.38%	29.37%
Free Cash Flow	360	413	348	409	149
Free Cash Flow Per Share	7.87	8.95	7.55	8.82	6.41
Gross Margin	28.43%	26.57%	26.52%	24.71%	26.56%
Operating Margin	17.65%	15.72%	15.76%	13.06%	17.03%
Profit Margin	12.14%	11.18%	12.19%	9.46%	12.51%
Free Cash Flow Margin	10.84%	12.61%	11.82%	15.18%	5.34%
EBITDA	596	525	470	362	479
EBITDA Margin	17.95%	16.03%	15.96%	13.43%	17.17%
D&A For EBITDA	10	10	6	10	4
EBIT	586	515	464	352	475
EBIT Margin	17.65%	15.72%	15.76%	13.06%	17.03%
Effective Tax Rate	32.04%	28.79%	27.03%	31.08%	29.35%

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