NCD Co., Ltd. Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	30,405	30,106	25,481	22,853	20,550	17,563
Revenue Growth (YoY)	3.23%	18.15%	11.50%	11.21%	17.01%	-4.50%
Cost of Revenue	23,962	23,542	20,319	19,013	17,293	15,055
Gross Profit	6,442	6,564	5,162	3,840	3,257	2,508
Selling, General & Admin	4,042	3,755	3,047	2,644	2,365	2,254
Operating Expenses	4,042	3,755	3,047	2,644	2,354	2,265
Operating Income	2,400	2,809	2,115	1,196	903	243
Interest Expense	-23.05	-23	-23	-24	-22	-20
Interest & Investment Income	14.03	11	10	6	4	10
Other Non Operating Income (Expenses)	58.54	54	35	33	75	155
EBT Excluding Unusual Items	2,450	2,851	2,137	1,211	960	388
Gain (Loss) on Sale of Investments	89.13	57	-	-	28	2
Gain (Loss) on Sale of Assets	-4	8	-	-4	-5	-
Asset Writedown	-26.7	-63	-45	-136	-215	-128
Other Unusual Items	-2	-2	-1	-88	-1	3
Pretax Income	2,506	2,851	2,091	983	767	265
Income Tax Expense	829.01	935	692	303	298	112
Earnings From Continuing Operations	1,677	1,916	1,399	680	469	153
Minority Interest in Earnings	-13.8	-11	-12	-8	-11	-8
Net Income	1,663	1,905	1,387	672	458	145
Net Income to Common	1,663	1,905	1,387	672	458	145
Net Income Growth	-12.22%	37.35%	106.40%	46.73%	215.86%	-77.62%
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	-	0.43%	0.92%	-	0.44%	1.20%
EPS (Basic)	203.32	232.89	170.29	83.26	56.75	18.04
EPS (Diluted)	203.32	232.89	170.29	83.26	56.75	18.04
EPS Growth	-12.22%	36.76%	104.52%	46.73%	214.49%	-77.89%
Free Cash Flow	-	2,031	2,391	28	1,489	15
Free Cash Flow Per Share	-	248.29	293.55	3.47	184.49	1.87
Dividend Per Share	97.000	70.000	50.000	20.000	14.000	14.000
Dividend Growth	44.78%	40.00%	150.00%	42.86%	-	-
Gross Margin	-	21.80%	20.26%	16.80%	15.85%	14.28%
Operating Margin	7.89%	9.33%	8.30%	5.23%	4.39%	1.38%
Profit Margin	5.47%	6.33%	5.44%	2.94%	2.23%	0.83%
Free Cash Flow Margin	-	6.75%	9.38%	0.12%	7.25%	0.08%
EBITDA	2,840	3,214	2,474	1,533	1,180	506
EBITDA Margin	-	10.68%	9.71%	6.71%	5.74%	2.88%
D&A For EBITDA	439.5	405	359	337	277	263
EBIT	2,400	2,809	2,115	1,196	903	243
EBIT Margin	-	9.33%	8.30%	5.23%	4.39%	1.38%
Effective Tax Rate	-	32.80%	33.09%	30.82%	38.85%	42.26%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.