Fullcast Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	71,517	68,556	68,974	64,645	52,366	43,226
Revenue Growth (YoY)	3.47%	-0.61%	6.70%	23.45%	21.14%	-2.82%
Cost of Revenue	45,884	44,039	45,961	43,184	34,336	25,508
Gross Profit	25,633	24,517	23,013	21,461	18,030	17,718
Selling, General & Admin	16,717	16,471	13,604	11,215	10,014	11,123
Amortization of Goodwill & Intangibles	498	498	385	164	207	201
Operating Expenses	17,630	17,384	14,355	11,637	10,399	11,587
Operating Income	8,003	7,133	8,658	9,824	7,631	6,131
Interest Expense	-23	-12	-7	-7	-7	-7
Interest & Investment Income	24	9	5	3	4	3
Earnings From Equity Investments	170	123	56	64	26	163
Other Non Operating Income (Expenses)	20	59	-27	1	-30	-108
EBT Excluding Unusual Items	8,194	7,312	8,685	9,885	7,624	6,182
Gain (Loss) on Sale of Investments	151	1,295	346	69	20	240
Gain (Loss) on Sale of Assets	29	-	66	-	-	-
Asset Writedown	-51	-38	-24	-25	-22	-17
Other Unusual Items	47	60	-	-7	-15	-44
Pretax Income	8,370	8,629	9,073	9,922	7,607	6,361
Income Tax Expense	2,947	3,088	3,050	3,181	2,472	1,943
Earnings From Continuing Operations	5,423	5,541	6,023	6,741	5,135	4,418
Minority Interest in Earnings	-	-48	-134	-119	-123	-305
Net Income	5,423	5,493	5,889	6,622	5,012	4,113
Net Income to Common	5,423	5,493	5,889	6,622	5,012	4,113
Net Income Growth	-0.73%	-6.72%	-11.07%	32.12%	21.86%	-11.43%
Shares Outstanding (Basic)	35	35	36	36	36	37
Shares Outstanding (Diluted)	35	35	36	36	37	37
Shares Change (YoY)	0.03%	-1.38%	-1.19%	-0.83%	-1.01%	-1.16%
EPS (Basic)	154.80	155.99	164.85	183.11	137.35	111.70
EPS (Diluted)	153.96	155.03	163.93	182.14	136.70	111.04
EPS Growth	0.01%	-5.43%	-10.00%	33.24%	23.11%	-10.41%
Free Cash Flow	-	5,472	5,047	6,693	6,316	3,829
Free Cash Flow Per Share	-	154.44	140.48	184.09	172.28	103.39
Dividend Per Share	62.000	62.000	61.000	58.000	44.000	41.000
Dividend Growth	-1.59%	1.64%	5.17%	31.82%	7.32%	2.50%
Gross Margin	35.84%	35.76%	33.37%	33.20%	34.43%	40.99%
Operating Margin	11.19%	10.41%	12.55%	15.20%	14.57%	14.18%
Profit Margin	7.58%	8.01%	8.54%	10.24%	9.57%	9.52%
Free Cash Flow Margin	-	7.98%	7.32%	10.35%	12.06%	8.86%
EBITDA	8,979	8,086	9,406	10,216	8,057	6,600
EBITDA Margin	12.55%	11.79%	13.64%	15.80%	15.39%	15.27%
D&A For EBITDA	975.75	953	748	392	426	469
EBIT	8,003	7,133	8,658	9,824	7,631	6,131
EBIT Margin	11.19%	10.41%	12.55%	15.20%	14.57%	14.18%
Effective Tax Rate	35.21%	35.79%	33.62%	32.06%	32.50%	30.55%
Advertising Expenses	-	1,776	374	303	665	641

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