The Pack Corporation (TYO:3950)

The Pack Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	103,024	101,461	97,714	89,060	80,177	78,445
Revenue Growth (YoY)	2.85%	3.84%	9.72%	11.08%	2.21%	-17.86%
Cost of Revenue	77,493	75,858	72,949	67,382	61,170	60,130
Gross Profit	25,531	25,603	24,765	21,678	19,007	18,315
Selling, General & Admin	17,478	17,011	16,548	15,258	14,474	14,651
Operating Expenses	18,188	17,593	17,021	15,705	14,862	15,039
Operating Income	7,343	8,010	7,744	5,973	4,145	3,276
Interest Expense	-7	-3	-1	-1	-1	-1
Interest & Investment Income	308	286	295	264	222	214
Currency Exchange Gain (Loss)	-22	-46	-30	-8	-	50
Other Non Operating Income (Expenses)	60	38	54	125	56	66
EBT Excluding Unusual Items	7,682	8,285	8,062	6,353	4,422	3,605
Gain (Loss) on Sale of Investments	659	852	-	-64	-13	-19
Gain (Loss) on Sale of Assets	-4	41	-	1	5	22
Asset Writedown	-11	-18	-171	-363	-200	-41
Other Unusual Items	-2	-	49	-2	-	-1
Pretax Income	8,324	9,160	7,940	5,925	4,214	3,566
Income Tax Expense	2,546	2,844	2,288	1,875	1,401	1,177
Earnings From Continuing Operations	5,778	6,316	5,652	4,050	2,813	2,389
Minority Interest in Earnings	-	-	-	8	11	3
Net Income	5,778	6,316	5,652	4,058	2,824	2,392
Net Income to Common	5,778	6,316	5,652	4,058	2,824	2,392
Net Income Growth	-10.15%	11.75%	39.28%	43.70%	18.06%	-49.11%
Shares Outstanding (Basic)	56	57	57	57	57	57
Shares Outstanding (Diluted)	56	57	57	57	57	57
Shares Change (YoY)	-1.07%	-0.49%	0.10%	0.03%	0.03%	-1.52%
EPS (Basic)	102.49	111.18	99.02	71.17	49.56	42.00
EPS (Diluted)	102.44	111.11	98.95	71.13	49.51	41.95
EPS Growth	-9.19%	12.29%	39.12%	43.66%	18.02%	-48.32%
Free Cash Flow	-	2,333	-1,138	2,271	3,998	216
Free Cash Flow Per Share	-	41.04	-19.92	39.80	70.08	3.79
Dividend Per Share	41.333	39.333	30.000	21.667	16.667	20.000
Dividend Growth	15.89%	31.11%	38.46%	30.00%	-16.67%	9.09%
Gross Margin	24.78%	25.23%	25.34%	24.34%	23.71%	23.35%
Operating Margin	7.13%	7.90%	7.92%	6.71%	5.17%	4.18%
Profit Margin	5.61%	6.22%	5.78%	4.56%	3.52%	3.05%
Free Cash Flow Margin	-	2.30%	-1.17%	2.55%	4.99%	0.27%
EBITDA	10,010	10,426	9,826	7,965	6,174	5,126
EBITDA Margin	9.72%	10.28%	10.06%	8.94%	7.70%	6.54%
D&A For EBITDA	2,667	2,416	2,082	1,992	2,029	1,850
EBIT	7,343	8,010	7,744	5,973	4,145	3,276
EBIT Margin	7.13%	7.90%	7.92%	6.71%	5.17%	4.18%
Effective Tax Rate	30.59%	31.05%	28.82%	31.65%	33.25%	33.01%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.