Future Corporation (TYO: 4722)

Future Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	67,018	59,324	53,738	48,698	44,311	45,389
Revenue Growth (YoY)	14.86%	10.39%	10.35%	9.90%	-2.38%	12.86%
Cost of Revenue	34,191	30,517	27,083	26,145	26,246	26,885
Gross Profit	32,827	28,807	26,655	22,553	18,065	18,504
Selling, General & Admin	15,165	13,335	12,958	12,547	11,795	11,162
Research & Development	1,195	1,190	980	601	571	425
Operating Expenses	17,910	15,106	14,426	13,553	12,830	11,981
Operating Income	14,917	13,701	12,229	9,000	5,235	6,523
Interest Expense	-104	-	-	-	-	-5
Interest & Investment Income	319	317	338	231	185	143
Earnings From Equity Investments	133	46	61	30	-	36
Currency Exchange Gain (Loss)	-29	-	-30	-2	3	4
Other Non Operating Income (Expenses)	-240	23	-22	30	14	8
EBT Excluding Unusual Items	14,996	14,087	12,576	9,289	5,437	6,709
Gain (Loss) on Sale of Investments	-179	-490	692	-17	93	-180
Gain (Loss) on Sale of Assets	-	-	-3	-	-	-
Asset Writedown	-404	-404	-	-88	-	-53
Pretax Income	14,413	13,193	13,265	9,184	5,530	6,476
Income Tax Expense	4,305	3,972	4,029	2,788	1,682	1,903
Earnings From Continuing Operations	10,108	9,221	9,236	6,396	3,848	4,573
Minority Interest in Earnings	-	-	-	-27	-53	-16
Net Income	10,108	9,221	9,236	6,369	3,795	4,557
Net Income to Common	10,108	9,221	9,236	6,369	3,795	4,557
Net Income Growth	10.35%	-0.16%	45.01%	67.83%	-16.72%	11.31%
Shares Outstanding (Basic)	89	89	89	89	89	89
Shares Outstanding (Diluted)	89	89	89	89	89	89
Shares Change (YoY)	0.04%	0.03%	0.04%	-0.31%	-0.71%	0.01%
EPS (Basic)	114.09	104.11	104.31	71.96	42.74	50.96
EPS (Diluted)	114.09	104.11	104.31	71.96	42.74	50.96
EPS Growth	10.31%	-0.19%	44.96%	68.35%	-16.12%	11.29%
Free Cash Flow	-	7,402	10,098	9,336	4,331	4,480
Free Cash Flow Per Share	-	83.57	114.04	105.48	48.78	50.10
Dividend Per Share	41.000	40.000	37.000	25.500	20.000	18.000
Dividend Growth	-28.07%	8.11%	45.10%	27.50%	11.11%	12.50%
Gross Margin	48.98%	48.56%	49.60%	46.31%	40.77%	40.77%
Operating Margin	22.26%	23.10%	22.76%	18.48%	11.81%	14.37%
Profit Margin	15.08%	15.54%	17.19%	13.08%	8.56%	10.04%
Free Cash Flow Margin	-	12.48%	18.79%	19.17%	9.77%	9.87%
EBITDA	16,276	15,011	13,474	10,146	6,376	7,524
EBITDA Margin	24.29%	25.30%	25.07%	20.83%	14.39%	16.58%
D&A For EBITDA	1,359	1,310	1,245	1,146	1,141	1,001
EBIT	14,917	13,701	12,229	9,000	5,235	6,523
EBIT Margin	22.26%	23.10%	22.76%	18.48%	11.81%	14.37%
Effective Tax Rate	29.87%	30.11%	30.37%	30.36%	30.42%	29.39%

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