TYO:3940 Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,206	3,320	3,275	2,945	2,695	2,790
Revenue Growth (YoY)	-6.94%	1.37%	11.21%	9.28%	-3.40%	9.89%
Cost of Revenue	2,367	2,376	2,405	2,164	2,029	2,049
Gross Profit	839	944	870	781	666	741
Selling, General & Admin	344	350	347	311	304	262
Operating Expenses	352	358	355	317	314	266
Operating Income	487	586	515	464	352	475
Interest & Investment Income	7	6	-	-	18	17
Other Non Operating Income (Expenses)	-1	-	-1	1	-	1
EBT Excluding Unusual Items	493	592	514	465	370	493
Gain (Loss) on Sale of Investments	-	-	-	27	-	-
Gain (Loss) on Sale of Assets	-	1	-	-	-	1
Pretax Income	493	593	514	492	370	494
Income Tax Expense	158	190	148	133	115	145
Net Income	335	403	366	359	255	349
Net Income to Common	335	403	366	359	255	349
Net Income Growth	-19.66%	10.11%	1.95%	40.78%	-26.93%	29.74%
Shares Outstanding (Basic)	46	46	46	46	46	23
Shares Outstanding (Diluted)	46	46	46	46	46	23
Shares Change (YoY)	-1.06%	-0.90%	0.15%	-0.60%	99.54%	0.29%
EPS (Basic)	7.34	8.81	7.96	7.81	5.51	15.13
EPS (Diluted)	7.34	8.81	7.93	7.79	5.50	15.02
EPS Growth	-18.80%	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	26.17%	28.43%	26.57%	26.52%	24.71%	26.56%
Operating Margin	15.19%	17.65%	15.72%	15.76%	13.06%	17.03%
Profit Margin	10.45%	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	497	596	525	470	362	479
EBITDA Margin	15.50%	17.95%	16.03%	15.96%	13.43%	17.17%
D&A For EBITDA	10	10	10	6	10	4
EBIT	487	586	515	464	352	475
EBIT Margin	15.19%	17.65%	15.72%	15.76%	13.06%	17.03%
Effective Tax Rate	32.05%	32.04%	28.79%	27.03%	31.08%	29.35%