Natoco Income Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	22,275	20,753	20,164	20,445	19,046
Revenue Growth (YoY)	7.33%	2.92%	-1.37%	7.34%	17.23%
Cost of Revenue	17,305	16,207	15,678	15,592	14,009
Gross Profit	4,970	4,546	4,486	4,853	5,037
Selling, General & Admin	2,864	2,701	2,595	2,553	2,405
Research & Development	707	612	635	627	608
Operating Expenses	3,571	3,313	3,232	3,180	3,013
Operating Income	1,399	1,233	1,254	1,673	2,024
Interest & Investment Income	102	82	60	32	17
Currency Exchange Gain (Loss)	-7	52	38	345	134
Other Non Operating Income (Expenses)	15	8	8	13	7
EBT Excluding Unusual Items	1,509	1,375	1,360	2,063	2,182
Gain (Loss) on Sale of Investments	101	-	28	3	-
Gain (Loss) on Sale of Assets	-39	-7	-50	24	2
Asset Writedown	-8	-	-	-	-9
Other Unusual Items	10	34	1	29	17
Pretax Income	1,573	1,402	1,339	2,119	2,192
Income Tax Expense	436	447	388	605	553
Net Income	1,137	955	951	1,514	1,639
Net Income to Common	1,137	955	951	1,514	1,639
Net Income Growth	19.06%	0.42%	-37.19%	-7.63%	59.59%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	0.04%	0.03%	0.05%	0.02%	-0.00%
EPS (Basic)	150.52	126.47	125.99	200.66	217.28
EPS (Diluted)	150.52	126.47	125.99	200.66	217.28
EPS Growth	19.01%	0.39%	-37.21%	-7.65%	59.59%
Free Cash Flow	1,268	1,177	1,071	1,166	659
Free Cash Flow Per Share	167.86	155.87	141.88	154.54	87.36
Dividend Per Share	-	51.000	50.000	55.000	60.000
Dividend Growth	-	2.00%	-9.09%	-8.33%	50.00%
Gross Margin	22.31%	21.91%	22.25%	23.74%	26.45%
Operating Margin	6.28%	5.94%	6.22%	8.18%	10.63%
Profit Margin	5.10%	4.60%	4.72%	7.41%	8.61%
Free Cash Flow Margin	5.69%	5.67%	5.31%	5.70%	3.46%
EBITDA	2,119	2,031	2,014	2,395	2,579
EBITDA Margin	9.51%	9.79%	9.99%	11.71%	13.54%
D&A For EBITDA	720	798	760	722	555
EBIT	1,399	1,233	1,254	1,673	2,024
EBIT Margin	6.28%	5.94%	6.22%	8.18%	10.63%
Effective Tax Rate	27.72%	31.88%	28.98%	28.55%	25.23%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.