Blue Zones Holdings Co.,Ltd. (TYO:417A)

Blue Zones Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	771,757	708,290	595,348	541,824	514,029	487,189
Other Revenue	-	28,110	24,239	22,662	21,996	20,673
Revenue	771,757	736,400	619,587	564,486	536,025	507,862
Revenue Growth (YoY)	14.47%	18.85%	9.76%	5.31%	5.54%	10.29%
Cost of Revenue	560,329	534,270	446,763	405,790	384,259	363,286
Gross Profit	211,428	202,130	172,824	158,696	151,766	144,576
Selling, General & Admin	161,530	155,138	131,553	121,520	116,366	111,520
Amortization of Goodwill & Intangibles	258	258	-	-	1,015	1,015
Other Operating Expenses	479	479	588	78	-	-
Operating Expenses	175,428	168,727	143,495	132,461	127,684	122,117
Operating Income	36,000	33,403	29,329	26,235	24,082	22,459
Interest Expense	-1,026	-1,036	-960	-959	-896	-545
Interest & Investment Income	184	140	124	119	113	108
Earnings From Equity Investments	-	-	291	164	-154	-
Other Non Operating Income (Expenses)	-1,075	74	92	38	144	189
EBT Excluding Unusual Items	34,083	32,581	28,876	25,597	23,289	22,211
Gain (Loss) on Sale of Investments	-1,359	-1,617	-325	-	-	-
Gain (Loss) on Sale of Assets	-8	12	-	-1,288	-5	-406
Asset Writedown	-2,108	-2,109	-2,599	-823	-844	-815
Other Unusual Items	589	272	2	-7	-65	98
Pretax Income	31,197	29,139	25,954	23,479	22,375	21,088
Income Tax Expense	9,528	8,410	7,711	7,630	6,993	6,495
Earnings From Continuing Operations	21,669	20,729	18,243	15,849	15,382	14,593
Minority Interest in Earnings	-562	-553	-	-	-	-
Net Income	21,107	20,176	18,243	15,849	15,382	14,593
Net Income to Common	21,107	20,176	18,243	15,849	15,382	14,593
Net Income Growth	11.19%	10.60%	15.10%	3.04%	5.41%	17.14%
Shares Outstanding (Basic)	41	41	39	39	39	39
Shares Outstanding (Diluted)	41	41	41	41	41	41
Shares Change (YoY)	-0.75%	-1.09%	0.04%	0.04%	0.03%	1.34%
EPS (Basic)	517.15	493.30	464.41	407.99	396.07	375.79
EPS (Diluted)	517.15	493.30	440.95	383.18	372.04	353.06
EPS Growth	12.05%	11.87%	15.08%	2.99%	5.38%	15.59%
Free Cash Flow	20,425	7,377	13,458	13,604	-8,301	5,776
Free Cash Flow Per Share	500.44	180.37	325.45	329.11	-200.91	139.84
Dividend Per Share	132.500	125.000	110.000	85.000	80.000	72.500
Dividend Growth	8.16%	13.64%	29.41%	6.25%	10.35%	11.54%
Gross Margin	27.40%	27.45%	27.89%	28.11%	28.31%	28.47%
Operating Margin	4.67%	4.54%	4.73%	4.65%	4.49%	4.42%
Profit Margin	2.73%	2.74%	2.94%	2.81%	2.87%	2.87%
Free Cash Flow Margin	2.65%	1.00%	2.17%	2.41%	-1.55%	1.14%
EBITDA	50,987	47,873	41,984	38,363	36,347	33,677
EBITDA Margin	6.61%	6.50%	6.78%	6.80%	6.78%	6.63%
D&A For EBITDA	14,987	14,470	12,655	12,128	12,265	11,218
EBIT	36,000	33,403	29,329	26,235	24,082	22,459
EBIT Margin	4.67%	4.54%	4.73%	4.65%	4.49%	4.42%
Effective Tax Rate	30.54%	28.86%	29.71%	32.50%	31.25%	30.80%
Advertising Expenses	-	3,441	3,037	2,761	2,669	2,718

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