Kyowa Kirin 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	510,568	496,826	495,558	442,233	398,371	352,246
Revenue Growth (YoY)	3.21%	0.26%	12.06%	11.01%	13.10%	10.65%
Cost of Revenue	133,566	127,934	132,611	111,207	86,915	87,849
Gross Profit	377,002	368,892	362,947	331,026	311,456	264,397
Selling, General & Admin	166,150	152,895	155,807	163,078	166,185	135,105
Research & Development	99,787	101,183	103,544	72,106	62,896	57,679
Amortization of Goodwill & Intangibles	1,090	-	-	-	-	-
Other Operating Expenses	-	3,917	1,655	-	-	747
Operating Expenses	267,027	270,534	272,736	235,184	229,081	204,034
Operating Income	109,975	98,358	90,211	95,842	82,375	60,363
Interest Expense	-5,773	-500	-610	-214	-344	-244
Interest & Investment Income	9,817	3,104	1,766	707	704	790
Earnings From Equity Investments	2,701	787	3,539	943	4,323	4,575
Currency Exchange Gain (Loss)	-	-2,105	-783	4,166	2,588	-539
Other Non Operating Income (Expenses)	-23,432	-485	525	-1,973	-1,700	472
EBT Excluding Unusual Items	93,288	99,159	94,648	99,471	87,946	65,417
Merger & Restructuring Charges	-	-10,904	-12,921	-6,245	-2,394	-81
Gain (Loss) on Sale of Investments	-	-	7,372	7,252	-	-
Gain (Loss) on Sale of Assets	-	140	2,460	7,547	-	-
Asset Writedown	-	-1,173	-8,106	-10,779	-17,979	-5,286
Pretax Income	93,288	87,222	83,453	97,246	67,573	60,050
Income Tax Expense	20,381	20,182	23,583	16,058	14,000	7,703
Earnings From Continuing Operations	72,907	67,040	59,870	81,188	53,573	52,347
Net Income	72,907	67,040	59,870	81,188	53,573	52,347
Net Income to Common	72,907	67,040	59,870	81,188	53,573	52,347
Net Income Growth	41.83%	11.98%	-26.26%	51.55%	2.34%	11.31%
Shares Outstanding (Basic)	523	523	530	538	537	537
Shares Outstanding (Diluted)	523	523	530	538	538	538
Shares Change (YoY)	-0.53%	-1.15%	-1.50%	0.01%	0.01%	0.01%
EPS (Basic)	139.27	128.07	113.06	151.03	99.68	97.43
EPS (Diluted)	139.27	128.07	113.06	151.01	99.66	97.39
EPS Growth	42.57%	13.28%	-25.13%	51.52%	2.33%	11.30%
Free Cash Flow	107,779	58,904	41,847	98,338	33,108	80,026
Free Cash Flow Per Share	205.89	112.53	79.02	182.91	61.59	148.88
Dividend Per Share	62.000	62.000	58.000	56.000	51.000	46.000
Dividend Growth	6.90%	6.90%	3.57%	9.80%	10.87%	4.54%
Gross Margin	73.84%	74.25%	73.24%	74.85%	78.18%	75.06%
Operating Margin	21.54%	19.80%	18.20%	21.67%	20.68%	17.14%
Profit Margin	14.28%	13.49%	12.08%	18.36%	13.45%	14.86%
Free Cash Flow Margin	21.11%	11.86%	8.44%	22.24%	8.31%	22.72%
EBITDA	137,662	124,502	114,991	113,035	96,900	79,861
EBITDA Margin	26.96%	25.06%	23.20%	25.56%	24.32%	22.67%
D&A For EBITDA	27,687	26,144	24,780	17,193	14,525	19,498
EBIT	109,975	98,358	90,211	95,842	82,375	60,363
EBIT Margin	21.54%	19.80%	18.20%	21.67%	20.68%	17.14%
Effective Tax Rate	21.85%	23.14%	28.26%	16.51%	20.72%	12.83%
Advertising Expenses	-	16,639	18,257	29,845	47,333	38,558

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