The Pack Corporation 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	103,125	101,461	97,714	89,060	80,177
Revenue Growth (YoY)	1.64%	3.84%	9.72%	11.08%	2.21%
Cost of Revenue	77,674	75,858	72,949	67,382	61,170
Gross Profit	25,451	25,603	24,765	21,678	19,007
Selling, General & Admin	18,243	17,011	16,548	15,258	14,474
Operating Expenses	18,243	17,593	17,021	15,705	14,862
Operating Income	7,208	8,010	7,744	5,973	4,145
Interest Expense	-7	-3	-1	-1	-1
Interest & Investment Income	307	286	295	264	222
Currency Exchange Gain (Loss)	-28	-46	-30	-8	-
Other Non Operating Income (Expenses)	51	38	54	125	56
EBT Excluding Unusual Items	7,531	8,285	8,062	6,353	4,422
Gain (Loss) on Sale of Investments	1,336	852	-	-64	-13
Gain (Loss) on Sale of Assets	2	41	-	1	5
Asset Writedown	-10	-18	-171	-363	-200
Other Unusual Items	-1	-	49	-2	-
Pretax Income	8,858	9,160	7,940	5,925	4,214
Income Tax Expense	2,834	2,844	2,288	1,875	1,401
Earnings From Continuing Operations	6,024	6,316	5,652	4,050	2,813
Minority Interest in Earnings	-	-	-	8	11
Net Income	6,024	6,316	5,652	4,058	2,824
Net Income to Common	6,024	6,316	5,652	4,058	2,824
Net Income Growth	-4.62%	11.75%	39.28%	43.70%	18.06%
Shares Outstanding (Basic)	56	57	57	57	57
Shares Outstanding (Diluted)	56	57	57	57	57
Shares Change (YoY)	-1.04%	-0.49%	0.10%	0.03%	0.03%
EPS (Basic)	107.11	111.18	99.02	71.17	49.56
EPS (Diluted)	107.09	111.11	98.95	71.13	49.51
EPS Growth	-3.62%	12.29%	39.12%	43.66%	18.02%
Free Cash Flow	4,068	2,333	-1,138	2,271	3,998
Free Cash Flow Per Share	72.32	41.04	-19.92	39.80	70.08
Dividend Per Share	-	39.333	30.000	21.667	16.667
Dividend Growth	-	31.11%	38.46%	30.00%	-16.67%
Gross Margin	24.68%	25.23%	25.34%	24.34%	23.71%
Operating Margin	6.99%	7.90%	7.92%	6.71%	5.17%
Profit Margin	5.84%	6.22%	5.78%	4.56%	3.52%
Free Cash Flow Margin	3.94%	2.30%	-1.17%	2.55%	4.99%
EBITDA	10,162	10,426	9,826	7,965	6,174
EBITDA Margin	9.85%	10.28%	10.06%	8.94%	7.70%
D&A For EBITDA	2,954	2,416	2,082	1,992	2,029
EBIT	7,208	8,010	7,744	5,973	4,145
EBIT Margin	6.99%	7.90%	7.92%	6.71%	5.17%
Effective Tax Rate	31.99%	31.05%	28.82%	31.65%	33.25%

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