Ray Corporation Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	13,419	10,456	11,222	12,450	11,051
Revenue Growth (YoY)	28.34%	-6.83%	-9.86%	12.66%	56.86%
Cost of Revenue	8,477	6,904	7,433	8,300	7,401
Gross Profit	4,942	3,552	3,789	4,150	3,650
Selling, General & Admin	3,185	2,625	2,636	2,751	2,721
Operating Expenses	3,155	2,592	2,577	2,750	2,721
Operating Income	1,787	960	1,212	1,400	929
Interest Expense	-7	-5	-5	-7	-7
Interest & Investment Income	4	2	1	1	1
Earnings From Equity Investments	117	96	70	9	-16
Other Non Operating Income (Expenses)	7	-	14	1	123
EBT Excluding Unusual Items	1,908	1,053	1,292	1,404	1,030
Gain (Loss) on Sale of Investments	-	-3	19	-	1
Gain (Loss) on Sale of Assets	1	-3	-	-4	-
Asset Writedown	-2	-8	-	-6	-
Other Unusual Items	-	-1	-94	-179	-176
Pretax Income	1,907	1,038	1,217	1,215	855
Income Tax Expense	604	293	399	500	436
Net Income	1,303	745	818	715	419
Net Income to Common	1,303	745	818	715	419
Net Income Growth	74.90%	-8.92%	14.41%	70.64%	-
Shares Outstanding (Basic)	13	14	14	14	14
Shares Outstanding (Diluted)	13	14	14	14	14
Shares Change (YoY)	-4.06%	-3.49%	-0.32%	-	-
EPS (Basic)	98.53	54.05	57.27	49.90	29.24
EPS (Diluted)	98.53	54.05	57.27	49.90	29.24
EPS Growth	82.30%	-5.63%	14.77%	70.64%	-
Free Cash Flow	955	844	384	551	941
Free Cash Flow Per Share	72.22	61.23	26.88	38.45	65.67
Dividend Per Share	20.000	15.000	15.000	15.000	10.000
Dividend Growth	33.33%	-	-	50.00%	100.00%
Gross Margin	36.83%	33.97%	33.76%	33.33%	33.03%
Operating Margin	13.32%	9.18%	10.80%	11.24%	8.41%
Profit Margin	9.71%	7.12%	7.29%	5.74%	3.79%
Free Cash Flow Margin	7.12%	8.07%	3.42%	4.43%	8.52%
EBITDA	2,464	1,481	1,670	1,867	1,443
EBITDA Margin	18.36%	14.16%	14.88%	15.00%	13.06%
D&A For EBITDA	677	521	458	467	514
EBIT	1,787	960	1,212	1,400	929
EBIT Margin	13.32%	9.18%	10.80%	11.24%	8.41%
Effective Tax Rate	31.67%	28.23%	32.79%	41.15%	50.99%

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.