Nippon Seiro 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	20,027	22,045	21,704	38,457	27,918	22,234
Revenue Growth (YoY)	-10.55%	1.57%	-43.56%	37.75%	25.56%	-18.45%
Cost of Revenue	16,222	17,470	19,743	37,065	24,354	21,875
Gross Profit	3,805	4,575	1,961	1,392	3,564	359
Selling, General & Admin	2,372	2,329	2,513	3,435	2,976	2,438
Operating Expenses	2,372	2,329	2,513	3,435	2,976	2,438
Operating Income	1,433	2,246	-552	-2,043	588	-2,079
Interest Expense	-587	-572	-294	-187	-167	-163
Interest & Investment Income	38	30	8	17	15	21
Currency Exchange Gain (Loss)	13	-35	47	-80	37	-93
Other Non Operating Income (Expenses)	18	13	5	30	56	80
EBT Excluding Unusual Items	915	1,682	-786	-2,263	529	-2,234
Gain (Loss) on Sale of Investments	-	-	142	3	-	-
Gain (Loss) on Sale of Assets	-	-	29	-	-	12
Asset Writedown	-35	-28	-156	-	-62	-631
Other Unusual Items	5	5	-573	3	6	24
Pretax Income	885	1,659	-1,344	-2,257	473	-2,829
Income Tax Expense	-170	-117	-123	111	29	49
Net Income	1,055	1,776	-1,221	-2,368	444	-2,878
Net Income to Common	1,055	1,776	-1,221	-2,368	444	-2,878
Net Income Growth	-21.45%	-	-	-	-	-
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	32	34	20	20	20	20
Shares Change (YoY)	22.73%	74.30%	-	-	-	-
EPS (Basic)	53.42	89.93	-61.83	-119.90	22.48	-145.73
EPS (Diluted)	39.93	58.62	-61.83	-119.90	22.48	-145.73
EPS Growth	-21.31%	-	-	-	-	-
Free Cash Flow	-	2,792	471	-1,979	-29	-3,775
Free Cash Flow Per Share	-	81.11	23.85	-100.21	-1.47	-191.15
Dividend Per Share	-	-	-	2.500	2.500	-
Gross Margin	19.00%	20.75%	9.04%	3.62%	12.77%	1.62%
Operating Margin	7.16%	10.19%	-2.54%	-5.31%	2.11%	-9.35%
Profit Margin	5.27%	8.06%	-5.63%	-6.16%	1.59%	-12.94%
Free Cash Flow Margin	-	12.67%	2.17%	-5.15%	-0.10%	-16.98%
EBITDA	2,296	3,192	505	-1,065	1,574	-1,084
EBITDA Margin	11.46%	14.48%	2.33%	-2.77%	5.64%	-4.88%
D&A For EBITDA	862.75	946	1,057	978	986	995
EBIT	1,433	2,246	-552	-2,043	588	-2,079
EBIT Margin	7.16%	10.19%	-2.54%	-5.31%	2.11%	-9.35%
Effective Tax Rate	-	-	-	-	6.13%	-

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