NOF Corporation (TYO: 4403)

NOF Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	230,926	222,252	217,709	192,642	172,645	180,917
Revenue Growth (YoY)	7.06%	2.09%	13.01%	11.58%	-4.57%	-4.35%
Cost of Revenue	146,956	142,762	141,766	123,713	115,259	122,313
Gross Profit	83,970	79,490	75,943	68,929	57,386	58,604
Selling, General & Admin	32,235	31,025	29,621	28,170	25,897	26,582
Research & Development	6,333	6,333	5,697	5,182	4,873	5,181
Operating Expenses	38,558	37,348	35,318	33,333	30,783	31,730
Operating Income	45,412	42,142	40,625	35,596	26,603	26,874
Interest Expense	-132	-129	-80	-60	-61	-69
Interest & Investment Income	1,609	1,507	1,371	1,130	1,191	1,657
Currency Exchange Gain (Loss)	-335	1,532	793	681	237	-221
Other Non Operating Income (Expenses)	340	524	474	275	900	588
EBT Excluding Unusual Items	46,894	45,576	43,183	37,622	28,870	28,829
Gain (Loss) on Sale of Investments	1,945	2,605	4,874	19	5,364	1,994
Gain (Loss) on Sale of Assets	443	1	7	1,154	7	53
Asset Writedown	-128	-126	-24	-799	-82	-572
Legal Settlements	-	-	-	-	-48	-
Other Unusual Items	221	411	-	-20	-2	-67
Pretax Income	49,375	48,467	48,040	37,976	34,109	30,237
Income Tax Expense	14,612	14,407	14,025	11,255	10,794	9,065
Earnings From Continuing Operations	34,763	34,060	34,015	26,721	23,315	21,172
Minority Interest in Earnings	-87	-70	-42	-31	-13	-32
Net Income	34,676	33,990	33,973	26,690	23,302	21,140
Net Income to Common	34,676	33,990	33,973	26,690	23,302	21,140
Net Income Growth	5.53%	0.05%	27.29%	14.54%	10.23%	-4.06%
Shares Outstanding (Basic)	239	241	244	247	249	252
Shares Outstanding (Diluted)	239	241	244	247	249	252
Shares Change (YoY)	-1.38%	-1.49%	-1.18%	-0.77%	-1.08%	-1.18%
EPS (Basic)	144.97	141.17	139.01	107.92	93.50	83.91
EPS (Diluted)	144.97	141.17	139.01	107.92	93.50	83.91
EPS Growth	7.01%	1.56%	28.80%	15.43%	11.43%	-2.91%
Free Cash Flow	15,295	12,222	17,114	19,977	24,744	20,126
Free Cash Flow Per Share	63.94	50.76	70.02	80.78	99.28	79.88
Dividend Per Share	40.333	38.000	36.000	30.000	26.667	26.000
Dividend Growth	6.14%	5.56%	20.00%	12.50%	2.56%	0%
Gross Margin	36.36%	35.77%	34.88%	35.78%	33.24%	32.39%
Operating Margin	19.67%	18.96%	18.66%	18.48%	15.41%	14.85%
Profit Margin	15.02%	15.29%	15.60%	13.85%	13.50%	11.68%
Free Cash Flow Margin	6.62%	5.50%	7.86%	10.37%	14.33%	11.12%
EBITDA	52,582	49,081	46,984	41,505	32,156	32,178
EBITDA Margin	22.77%	22.08%	21.58%	21.55%	18.63%	17.79%
D&A For EBITDA	7,170	6,939	6,359	5,909	5,553	5,304
EBIT	45,412	42,142	40,625	35,596	26,603	26,874
EBIT Margin	19.67%	18.96%	18.66%	18.48%	15.41%	14.85%
Effective Tax Rate	29.59%	29.73%	29.19%	29.64%	31.65%	29.98%

Source: S&P Capital IQ. Standard template. Financial Sources.