NS Group Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	29,826	26,348	23,902
Revenue Growth (YoY)	13.20%	10.23%	-
Cost of Revenue	20,444	-	-
Gross Profit	9,382	26,348	23,902
Selling, General & Admin	-	17,879	16,246
Other Operating Expenses	-491	-349	-195
Operating Expenses	-491	17,530	16,051
Operating Income	9,873	8,818	7,851
Interest Expense	-523	-435	-1,259
Interest & Investment Income	15	407	184
Other Non Operating Income (Expenses)	-	-	-1
Pretax Income	9,365	8,790	6,775
Income Tax Expense	3,040	3,109	1,669
Net Income	6,325	5,681	5,106
Net Income to Common	6,325	5,681	5,106
Net Income Growth	11.34%	11.26%	-
Shares Outstanding (Basic)	52	52	52
Shares Outstanding (Diluted)	56	56	55
Shares Change (YoY)	0.13%	1.50%	-
EPS (Basic)	121.27	108.92	97.90
EPS (Diluted)	113.66	102.21	93.25
EPS Growth	11.20%	9.61%	-
Free Cash Flow	8,118	-	-
Free Cash Flow Per Share	145.88	-	-
Dividend Per Share	35.000	-	-
Gross Margin	31.46%	100.00%	100.00%
Operating Margin	33.10%	33.47%	32.85%
Profit Margin	21.21%	21.56%	21.36%
Free Cash Flow Margin	27.22%	-	-
EBITDA	11,698	-	-
EBITDA Margin	39.22%	-	-
D&A For EBITDA	1,825	-	-
EBIT	9,873	8,818	7,851
EBIT Margin	33.10%	33.47%	32.85%
Effective Tax Rate	32.46%	35.37%	24.64%

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