Maruwa 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	70,933	71,849	61,564	58,804	54,344	41,438
Revenue Growth (YoY)	1.80%	16.71%	4.69%	8.21%	31.14%	0.50%
Cost of Revenue	33,392	32,377	30,570	28,396	27,018	23,075
Gross Profit	37,541	39,472	30,994	30,408	27,326	18,363
Selling, General & Admin	10,763	10,081	8,801	8,257	7,099	6,322
Research & Development	1,673	1,673	1,409	1,429	1,447	1,305
Operating Expenses	13,240	12,558	11,192	10,266	9,110	8,114
Operating Income	24,301	26,914	19,802	20,142	18,216	10,249
Interest Expense	-	-	-1	-5	-7	-6
Interest & Investment Income	539	331	225	107	58	51
Currency Exchange Gain (Loss)	1	-382	958	861	810	-50
Other Non Operating Income (Expenses)	193	170	137	81	104	85
EBT Excluding Unusual Items	25,034	27,033	21,121	21,186	19,181	10,329
Gain (Loss) on Sale of Investments	147	-	39	3	9	76
Gain (Loss) on Sale of Assets	-51	-105	-158	-61	-13	-256
Asset Writedown	-2,360	-2,360	-202	-481	-463	-169
Other Unusual Items	2,355	2,591	216	516	616	-97
Pretax Income	25,125	27,159	21,016	21,163	19,330	9,883
Income Tax Expense	7,516	7,917	5,800	6,143	5,980	2,948
Net Income	17,609	19,242	15,216	15,020	13,350	6,935
Net Income to Common	17,609	19,242	15,216	15,020	13,350	6,935
Net Income Growth	-5.22%	26.46%	1.31%	12.51%	92.50%	17.68%
Shares Outstanding (Basic)	12	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12	12
Shares Change (YoY)	-	0.02%	-	-	0.03%	-
EPS (Basic)	1427.08	1559.45	1233.36	1217.48	1082.11	562.31
EPS (Diluted)	1427.08	1559.45	1233.36	1217.48	1082.11	562.31
EPS Growth	-5.22%	26.44%	1.31%	12.51%	92.44%	17.68%
Free Cash Flow	-	15,439	6,055	6,950	11,019	5,177
Free Cash Flow Per Share	-	1251.24	490.80	563.35	893.17	419.77
Dividend Per Share	98.000	94.000	86.000	78.000	70.000	64.000
Dividend Growth	8.89%	9.30%	10.26%	11.43%	9.38%	23.08%
Gross Margin	-	54.94%	50.34%	51.71%	50.28%	44.31%
Operating Margin	34.26%	37.46%	32.16%	34.25%	33.52%	24.73%
Profit Margin	24.82%	26.78%	24.72%	25.54%	24.57%	16.74%
Free Cash Flow Margin	-	21.49%	9.84%	11.82%	20.28%	12.49%
EBITDA	29,405	31,604	23,940	23,229	20,786	12,444
EBITDA Margin	-	43.99%	38.89%	39.50%	38.25%	30.03%
D&A For EBITDA	5,104	4,690	4,138	3,087	2,570	2,195
EBIT	24,301	26,914	19,802	20,142	18,216	10,249
EBIT Margin	-	37.46%	32.16%	34.25%	33.52%	24.73%
Effective Tax Rate	-	29.15%	27.60%	29.03%	30.94%	29.83%

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