Business Engineering Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	24,442	20,776	19,493	18,506	17,760
Revenue Growth (YoY)	17.64%	6.58%	5.33%	4.20%	-0.53%
Cost of Revenue	13,286	11,685	11,640	11,512	11,878
Gross Profit	11,156	9,091	7,853	6,994	5,882
Selling, General & Admin	4,744	4,291	3,832	3,632	3,364
Research & Development	-	124	135	116	105
Operating Expenses	4,744	4,415	3,967	3,748	3,469
Operating Income	6,412	4,676	3,886	3,246	2,413
Interest Expense	-3	-3	-2	-2	-4
Interest & Investment Income	35	22	14	9	7
Currency Exchange Gain (Loss)	2	-6	-2	-	3
Other Non Operating Income (Expenses)	-12	-10	-20	-3	23
EBT Excluding Unusual Items	6,434	4,679	3,876	3,250	2,442
Gain (Loss) on Sale of Investments	239	-	-	-	-
Pretax Income	6,673	4,679	3,876	3,250	2,442
Income Tax Expense	1,783	1,349	1,251	922	799
Net Income	4,890	3,330	2,625	2,328	1,643
Net Income to Common	4,890	3,330	2,625	2,328	1,643
Net Income Growth	46.85%	26.86%	12.76%	41.69%	19.23%
Shares Outstanding (Basic)	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60
Shares Change (YoY)	-0.11%	-0.08%	-0.13%	0.36%	1.06%
EPS (Basic)	81.77	55.62	43.81	38.80	27.48
EPS (Diluted)	81.77	55.62	43.81	38.80	27.48
EPS Growth	47.01%	26.96%	12.90%	41.19%	17.98%
Free Cash Flow	5,879	3,414	3,502	3,246	2,223
Free Cash Flow Per Share	98.30	57.02	58.44	54.10	37.18
Dividend Per Share	-	20.000	15.600	12.800	8.400
Dividend Growth	-	28.21%	21.88%	52.38%	20.00%
Gross Margin	45.64%	43.76%	40.29%	37.79%	33.12%
Operating Margin	26.23%	22.51%	19.93%	17.54%	13.59%
Profit Margin	20.01%	16.03%	13.47%	12.58%	9.25%
Free Cash Flow Margin	24.05%	16.43%	17.96%	17.54%	12.52%
EBITDA	7,344	5,501	4,589	3,945	3,104
EBITDA Margin	30.05%	26.48%	23.54%	21.32%	17.48%
D&A For EBITDA	932	825	703	699	691
EBIT	6,412	4,676	3,886	3,246	2,413
EBIT Margin	26.23%	22.51%	19.93%	17.54%	13.59%
Effective Tax Rate	26.72%	28.83%	32.28%	28.37%	32.72%

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