Ray Corporation Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	13,218	10,456	11,222	12,450	11,051	7,045
Revenue Growth (YoY)	26.44%	-6.83%	-9.86%	12.66%	56.86%	-40.92%
Cost of Revenue	8,357	6,904	7,433	8,300	7,401	5,478
Gross Profit	4,861	3,552	3,789	4,150	3,650	1,567
Selling, General & Admin	2,994	2,625	2,636	2,751	2,721	2,274
Operating Expenses	2,972	2,592	2,577	2,750	2,721	2,274
Operating Income	1,889	960	1,212	1,400	929	-707
Interest Expense	-6	-5	-5	-7	-7	-5
Interest & Investment Income	4	2	1	1	1	1
Earnings From Equity Investments	86	96	70	9	-16	-32
Other Non Operating Income (Expenses)	1	-	14	1	123	266
EBT Excluding Unusual Items	1,974	1,053	1,292	1,404	1,030	-477
Gain (Loss) on Sale of Investments	-	-3	19	-	1	-
Gain (Loss) on Sale of Assets	-2	-3	-	-4	-	-19
Asset Writedown	-8	-8	-	-6	-	-9
Other Unusual Items	-1	-1	-94	-179	-176	-
Pretax Income	1,963	1,038	1,217	1,215	855	-505
Income Tax Expense	617	293	399	500	436	-138
Net Income	1,346	745	818	715	419	-367
Net Income to Common	1,346	745	818	715	419	-367
Net Income Growth	112.98%	-8.92%	14.41%	70.64%	-	-
Shares Outstanding (Basic)	13	14	14	14	14	14
Shares Outstanding (Diluted)	13	14	14	14	14	14
Shares Change (YoY)	-4.54%	-3.49%	-0.32%	-	-	-
EPS (Basic)	101.06	54.05	57.27	49.90	29.24	-25.61
EPS (Diluted)	101.06	54.05	57.27	49.90	29.24	-25.61
EPS Growth	123.11%	-5.63%	14.77%	70.64%	-	-
Free Cash Flow	-	844	384	551	941	754
Free Cash Flow Per Share	-	61.23	26.88	38.45	65.67	52.62
Dividend Per Share	15.000	15.000	15.000	15.000	10.000	5.000
Dividend Growth	-	-	-	50.00%	100.00%	-
Gross Margin	36.78%	33.97%	33.76%	33.33%	33.03%	22.24%
Operating Margin	14.29%	9.18%	10.80%	11.24%	8.41%	-10.04%
Profit Margin	10.18%	7.12%	7.29%	5.74%	3.79%	-5.21%
Free Cash Flow Margin	-	8.07%	3.42%	4.43%	8.52%	10.70%
EBITDA	2,457	1,481	1,670	1,867	1,443	-111
EBITDA Margin	18.59%	14.16%	14.88%	15.00%	13.06%	-1.57%
D&A For EBITDA	568.25	521	458	467	514	596
EBIT	1,889	960	1,212	1,400	929	-707
EBIT Margin	14.29%	9.18%	10.80%	11.24%	8.41%	-10.04%
Effective Tax Rate	31.43%	28.23%	32.79%	41.15%	50.99%	-

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