Business Engineering 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	24,098	20,776	19,493	18,506	17,760	17,855
Revenue Growth (YoY)	19.53%	6.58%	5.33%	4.20%	-0.53%	0.72%
Cost of Revenue	13,318	11,685	11,640	11,512	11,878	12,290
Gross Profit	10,780	9,091	7,853	6,994	5,882	5,565
Selling, General & Admin	4,505	4,291	3,832	3,632	3,364	3,446
Research & Development	124	124	135	116	105	86
Operating Expenses	4,629	4,415	3,967	3,748	3,469	3,532
Operating Income	6,151	4,676	3,886	3,246	2,413	2,033
Interest Expense	-3.29	-3	-2	-2	-4	-3
Interest & Investment Income	30.42	22	14	9	7	6
Currency Exchange Gain (Loss)	-7.12	-6	-2	-	3	-3
Other Non Operating Income (Expenses)	-7.03	-10	-20	-3	23	-9
EBT Excluding Unusual Items	6,164	4,679	3,876	3,250	2,442	2,024
Gain (Loss) on Sale of Investments	239.01	-	-	-	-	-
Pretax Income	6,403	4,679	3,876	3,250	2,442	2,024
Income Tax Expense	1,871	1,349	1,251	922	799	646
Net Income	4,532	3,330	2,625	2,328	1,643	1,378
Net Income to Common	4,532	3,330	2,625	2,328	1,643	1,378
Net Income Growth	51.61%	26.86%	12.76%	41.69%	19.23%	61.55%
Shares Outstanding (Basic)	60	60	60	60	60	59
Shares Outstanding (Diluted)	60	60	60	60	60	59
Shares Change (YoY)	-0.38%	-0.08%	-0.13%	0.36%	1.06%	0.66%
EPS (Basic)	75.71	55.62	43.81	38.80	27.48	23.29
EPS (Diluted)	75.71	55.62	43.81	38.80	27.48	23.29
EPS Growth	51.64%	26.96%	12.90%	41.19%	17.98%	60.49%
Free Cash Flow	-	3,414	3,502	3,246	2,223	2,505
Free Cash Flow Per Share	-	57.02	58.44	54.10	37.18	42.34
Dividend Per Share	27.200	20.000	15.600	12.800	8.400	7.000
Dividend Growth	54.55%	28.21%	21.88%	52.38%	20.00%	55.56%
Gross Margin	-	43.76%	40.29%	37.79%	33.12%	31.17%
Operating Margin	25.52%	22.51%	19.93%	17.54%	13.59%	11.39%
Profit Margin	18.81%	16.03%	13.47%	12.58%	9.25%	7.72%
Free Cash Flow Margin	-	16.43%	17.96%	17.54%	12.52%	14.03%
EBITDA	7,067	5,501	4,589	3,945	3,104	2,753
EBITDA Margin	-	26.48%	23.54%	21.32%	17.48%	15.42%
D&A For EBITDA	916.5	825	703	699	691	720
EBIT	6,151	4,676	3,886	3,246	2,413	2,033
EBIT Margin	-	22.51%	19.93%	17.54%	13.59%	11.39%
Effective Tax Rate	-	28.83%	32.28%	28.37%	32.72%	31.92%

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