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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	228,107	222,252	217,709	192,642	172,645	180,917
Revenue Growth (YoY)	6.12%	2.09%	13.01%	11.58%	-4.57%	-4.35%
Cost of Revenue	144,961	142,762	141,766	123,713	115,259	122,313
Gross Profit	83,146	79,490	75,943	68,929	57,386	58,604
Selling, General & Admin	37,840	31,025	29,621	28,170	25,897	26,582
Research & Development	-	6,333	5,697	5,182	4,873	5,181
Operating Expenses	37,840	37,348	35,318	33,333	30,783	31,730
Operating Income	45,306	42,142	40,625	35,596	26,603	26,874
Interest Expense	-132	-129	-80	-60	-61	-69
Interest & Investment Income	1,541	1,507	1,371	1,130	1,191	1,657
Currency Exchange Gain (Loss)	1,305	1,532	793	681	237	-221
Other Non Operating Income (Expenses)	649	524	474	275	900	588
EBT Excluding Unusual Items	48,669	45,576	43,183	37,622	28,870	28,829
Gain (Loss) on Sale of Investments	2,517	2,605	4,874	19	5,364	1,994
Gain (Loss) on Sale of Assets	235	1	7	1,154	7	53
Asset Writedown	-110	-126	-24	-799	-82	-572
Legal Settlements	-	-	-	-	-48	-
Other Unusual Items	220	411	-	-20	-2	-67
Pretax Income	51,531	48,467	48,040	37,976	34,109	30,237
Income Tax Expense	15,436	14,407	14,025	11,255	10,794	9,065
Earnings From Continuing Operations	36,095	34,060	34,015	26,721	23,315	21,172
Minority Interest in Earnings	-71	-70	-42	-31	-13	-32
Net Income	36,024	33,990	33,973	26,690	23,302	21,140
Net Income to Common	36,024	33,990	33,973	26,690	23,302	21,140
Net Income Growth	9.00%	0.05%	27.29%	14.54%	10.23%	-4.06%
Shares Outstanding (Basic)	240	241	244	247	249	252
Shares Outstanding (Diluted)	240	241	244	247	249	252
Shares Change (YoY)	-1.42%	-1.49%	-1.18%	-0.77%	-1.08%	-1.18%
EPS (Basic)	150.10	141.17	139.01	107.92	93.50	83.91
EPS (Diluted)	150.10	141.17	139.01	107.92	93.50	83.91
EPS Growth	10.57%	1.56%	28.80%	15.43%	11.43%	-2.91%
Free Cash Flow	-	12,222	17,114	19,977	24,744	20,126
Free Cash Flow Per Share	-	50.76	70.02	80.78	99.28	79.88
Dividend Per Share	38.000	38.000	36.000	30.000	26.667	26.000
Dividend Growth	5.56%	5.56%	20.00%	12.50%	2.56%	0%
Gross Margin	36.45%	35.77%	34.88%	35.78%	33.24%	32.39%
Operating Margin	19.86%	18.96%	18.66%	18.48%	15.41%	14.85%
Profit Margin	15.79%	15.29%	15.60%	13.85%	13.50%	11.68%
Free Cash Flow Margin	-	5.50%	7.86%	10.37%	14.33%	11.12%
EBITDA	52,425	49,081	46,984	41,505	32,156	32,178
EBITDA Margin	22.98%	22.08%	21.58%	21.55%	18.63%	17.79%
D&A For EBITDA	7,119	6,939	6,359	5,909	5,553	5,304
EBIT	45,306	42,142	40,625	35,596	26,603	26,874
EBIT Margin	19.86%	18.96%	18.66%	18.48%	15.41%	14.85%
Effective Tax Rate	29.95%	29.73%	29.19%	29.64%	31.65%	29.98%

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