TYO:4187 Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	36,266	32,698	28,907	32,236	35,027
Revenue Growth (YoY)	10.91%	13.11%	-10.33%	-7.97%	22.13%
Cost of Revenue	24,697	23,011	20,948	21,948	24,778
Gross Profit	11,568	9,687	7,959	10,288	10,249
Selling, General & Admin	5,381	3,192	2,927	3,101	3,090
Research & Development	-	1,863	1,436	1,233	1,289
Amortization of Goodwill & Intangibles	-	19	19	19	16
Operating Expenses	5,381	5,079	4,382	4,354	4,396
Operating Income	6,187	4,608	3,577	5,934	5,853
Interest Expense	-7.27	-9	-7	-5	-6
Interest & Investment Income	180.32	155	167	199	136
Currency Exchange Gain (Loss)	26.28	-20	34	110	70
Other Non Operating Income (Expenses)	70.38	18	104	126	198
EBT Excluding Unusual Items	6,457	4,752	3,875	6,364	6,251
Gain (Loss) on Sale of Investments	3,167	815	586	35	814
Gain (Loss) on Sale of Assets	-	-	-1	426	118
Asset Writedown	-2.57	-1	-7	-18	-9
Other Unusual Items	-	-	-	1	1
Pretax Income	9,723	5,566	4,453	6,808	7,175
Income Tax Expense	2,698	1,449	1,094	1,984	2,061
Earnings From Continuing Operations	7,024	4,117	3,359	4,824	5,114
Minority Interest in Earnings	-136.9	-73	-89	-99	-116
Net Income	6,888	4,044	3,270	4,725	4,998
Net Income to Common	6,888	4,044	3,270	4,725	4,998
Net Income Growth	70.32%	23.67%	-30.79%	-5.46%	50.86%
Shares Outstanding (Basic)	20	21	21	22	22
Shares Outstanding (Diluted)	20	21	21	22	22
Shares Change (YoY)	-3.27%	-1.12%	-1.85%	-1.63%	0.01%
EPS (Basic)	336.68	191.22	152.90	216.83	225.61
EPS (Diluted)	336.68	191.22	152.90	216.83	225.61
EPS Growth	76.07%	25.07%	-29.49%	-3.89%	50.84%
Free Cash Flow	5,874	7,573	-337	-774	3,525
Free Cash Flow Per Share	287.12	358.10	-15.76	-35.52	159.12
Dividend Per Share	75.000	66.000	56.000	54.000	50.000
Dividend Growth	13.64%	17.86%	3.70%	8.00%	8.70%
Gross Margin	31.90%	29.63%	27.53%	31.91%	29.26%
Operating Margin	17.06%	14.09%	12.37%	18.41%	16.71%
Profit Margin	18.99%	12.37%	11.31%	14.66%	14.27%
Free Cash Flow Margin	16.20%	23.16%	-1.17%	-2.40%	10.06%
EBITDA	9,211	7,910	6,024	8,237	8,304
EBITDA Margin	25.40%	24.19%	20.84%	25.55%	23.71%
D&A For EBITDA	3,024	3,302	2,447	2,303	2,451
EBIT	6,187	4,608	3,577	5,934	5,853
EBIT Margin	17.06%	14.09%	12.37%	18.41%	16.71%
Effective Tax Rate	27.75%	26.03%	24.57%	29.14%	28.73%

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