MEC Company Ltd. (TYO:4971)

MEC Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	18,739	18,234	14,020	16,329	15,038	11,956
Revenue Growth (YoY)	12.18%	30.06%	-14.14%	8.58%	25.78%	10.04%
Cost of Revenue	7,216	7,132	5,703	6,525	5,715	4,561
Gross Profit	11,523	11,102	8,317	9,804	9,323	7,395
Selling, General & Admin	5,548	5,205	4,605	4,469	4,060	3,665
Research & Development	1,333	1,333	1,219	1,330	1,323	1,359
Operating Expenses	6,882	6,539	5,824	5,799	5,383	5,025
Operating Income	4,641	4,563	2,493	4,005	3,940	2,370
Interest Expense	-1	-1	-	-	-	-1
Interest & Investment Income	70	83	66	60	64	34
Currency Exchange Gain (Loss)	-206	7	110	116	80	-42
Other Non Operating Income (Expenses)	24	23	7	59	14	17
EBT Excluding Unusual Items	4,528	4,675	2,676	4,240	4,098	2,378
Gain (Loss) on Sale of Investments	-	-	-	-	-	2
Gain (Loss) on Sale of Assets	8	13	563	7	6	-
Asset Writedown	-157	-19	-21	-23	-13	-71
Other Unusual Items	546	-	-	-	-	-1
Pretax Income	4,925	4,669	3,218	4,224	4,091	2,308
Income Tax Expense	2,631	2,378	914	1,160	1,142	713
Net Income	2,294	2,291	2,304	3,064	2,949	1,595
Net Income to Common	2,294	2,291	2,304	3,064	2,949	1,595
Net Income Growth	-26.43%	-0.56%	-24.80%	3.90%	84.89%	29.04%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-0.21%	-0.65%	-0.85%	0.07%	0.09%	0.01%
EPS (Basic)	122.71	122.35	122.24	161.19	155.26	84.05
EPS (Diluted)	122.71	122.35	122.24	161.19	155.26	84.05
EPS Growth	-26.27%	0.09%	-24.16%	3.82%	84.73%	29.03%
Free Cash Flow	879	3,471	84	3,238	2,347	1,454
Free Cash Flow Per Share	47.02	185.37	4.46	170.35	123.56	76.62
Dividend Per Share	50.000	45.000	45.000	45.000	35.000	26.000
Dividend Growth	11.11%	-	-	28.57%	34.62%	-
Gross Margin	61.49%	60.89%	59.32%	60.04%	62.00%	61.85%
Operating Margin	24.77%	25.02%	17.78%	24.53%	26.20%	19.82%
Profit Margin	12.24%	12.56%	16.43%	18.76%	19.61%	13.34%
Free Cash Flow Margin	4.69%	19.04%	0.60%	19.83%	15.61%	12.16%
EBITDA	5,459	5,379	3,266	4,764	4,682	3,154
EBITDA Margin	29.13%	29.50%	23.29%	29.18%	31.13%	26.38%
D&A For EBITDA	818	816	773	759	742	784
EBIT	4,641	4,563	2,493	4,005	3,940	2,370
EBIT Margin	24.77%	25.02%	17.78%	24.53%	26.20%	19.82%
Effective Tax Rate	53.42%	50.93%	28.40%	27.46%	27.91%	30.89%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.