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	Sep '26 Sep 30, 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	532,322	496,826	495,558	442,233	398,371	352,246
Revenue Growth	10.39%	0.26%	12.06%	11.01%	13.10%	10.65%
Cost of Revenue	134,456	127,934	132,611	111,207	86,915	87,849
Gross Profit	397,866	368,892	362,947	331,026	311,456	264,397
Selling, General & Admin	155,061	152,895	155,807	163,078	166,185	135,105
Research & Development	92,046	101,183	103,544	72,106	62,896	57,679
Other Operating Expenses	33,855	3,917	1,655	-	-	747
Operating Expenses	302,322	270,534	272,736	235,184	229,081	204,034
Operating Income	95,544	98,358	90,211	95,842	82,375	60,363
Interest Expense	-	-500	-610	-214	-344	-244
Interest & Investment Income	8,555	3,104	1,766	707	704	790
Earnings From Equity Investments	464	787	3,539	943	4,323	4,575
Currency Exchange Gain (Loss)	-2,105	-2,105	-783	4,166	2,588	-539
Other Non Operating Income (Expenses)	13,504	-485	525	-1,973	-1,700	472
EBT Excluding Unusual Items	115,962	99,159	94,648	99,471	87,946	65,417
Merger & Restructuring Charges	-10,904	-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	140	2,460	7,547	-	-
Asset Writedown	-1,173	-1,173	-8,106	-10,779	-17,979	-5,286
Pretax Income	104,025	87,222	83,453	97,246	67,573	60,050
Income Tax Expense	17,911	20,182	23,583	16,058	14,000	7,703
Earnings From Continuing Operations	86,114	67,040	59,870	81,188	53,573	52,347
Net Income	86,114	67,040	59,870	81,188	53,573	52,347
Net Income to Common	86,114	67,040	59,870	81,188	53,573	52,347
Net Income Growth	135.49%	11.98%	-26.26%	51.55%	2.34%	11.31%
Shares Outstanding (Basic)	524	523	530	538	537	537
Shares Outstanding (Diluted)	524	523	530	538	538	538
Shares Change	-0.01%	-1.15%	-1.50%	0.01%	0.01%	0.01%
EPS (Basic)	164.49	128.07	113.06	151.03	99.68	97.43
EPS (Diluted)	164.48	128.07	113.06	151.01	99.66	97.39
EPS Growth	135.50%	13.28%	-25.13%	51.52%	2.33%	11.30%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	73,686	58,904	41,847	98,338	33,108	80,026
Free Cash Flow Per Share	140.75	112.53	79.02	182.91	61.59	148.88
Dividend Per Share	67.000	62.000	58.000	56.000	51.000	46.000
Dividend Growth	13.56%	6.90%	3.57%	9.80%	10.87%	4.54%
Gross Margin	74.74%	74.25%	73.24%	74.85%	78.18%	75.06%
Operating Margin	17.95%	19.80%	18.20%	21.67%	20.68%	17.14%
Profit Margin	16.18%	13.49%	12.08%	18.36%	13.45%	14.86%
Free Cash Flow Margin	13.84%	11.86%	8.44%	22.24%	8.31%	22.72%
EBITDA	126,015	124,502	114,991	113,035	96,900	79,861
EBITDA Margin	23.67%	25.06%	23.20%	25.56%	24.32%	22.67%
D&A For EBITDA	30,471	26,144	24,780	17,193	14,525	19,498
EBIT	95,544	98,358	90,211	95,842	82,375	60,363
EBIT Margin	17.95%	19.80%	18.20%	21.67%	20.68%	17.14%
Effective Tax Rate	17.22%	23.14%	28.26%	16.51%	20.72%	12.83%
Advertising Expenses	-	16,639	18,257	29,845	47,333	38,558