Maruwa Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	74,476	71,849	61,564	58,804	54,344
Revenue Growth (YoY)	3.66%	16.71%	4.69%	8.21%	31.14%
Cost of Revenue	35,318	32,377	30,570	28,396	27,018
Gross Profit	39,158	39,472	30,994	30,408	27,326
Selling, General & Admin	14,239	10,081	8,801	8,257	7,099
Research & Development	-	1,673	1,409	1,429	1,447
Operating Expenses	14,239	12,558	11,192	10,266	9,110
Operating Income	24,919	26,914	19,802	20,142	18,216
Interest Expense	-	-	-1	-5	-7
Interest & Investment Income	616	331	225	107	58
Currency Exchange Gain (Loss)	561	-382	958	861	810
Other Non Operating Income (Expenses)	224	170	137	81	104
EBT Excluding Unusual Items	26,320	27,033	21,121	21,186	19,181
Gain (Loss) on Sale of Investments	147	-	39	3	9
Gain (Loss) on Sale of Assets	-36	-105	-158	-61	-13
Asset Writedown	-	-2,360	-202	-481	-463
Other Unusual Items	-14	2,591	216	516	616
Pretax Income	26,417	27,159	21,016	21,163	19,330
Income Tax Expense	8,254	7,917	5,800	6,143	5,980
Net Income	18,163	19,242	15,216	15,020	13,350
Net Income to Common	18,163	19,242	15,216	15,020	13,350
Net Income Growth	-5.61%	26.46%	1.31%	12.51%	92.50%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12
Shares Change (YoY)	-	0.02%	-	-	0.03%
EPS (Basic)	1472.00	1559.45	1233.36	1217.48	1082.11
EPS (Diluted)	1472.00	1559.45	1233.36	1217.48	1082.11
EPS Growth	-5.61%	26.44%	1.31%	12.51%	92.44%
Free Cash Flow	-5,541	15,439	6,055	6,950	11,019
Free Cash Flow Per Share	-449.06	1251.24	490.80	563.35	893.17
Dividend Per Share	102.000	94.000	86.000	78.000	70.000
Dividend Growth	8.51%	9.30%	10.26%	11.43%	9.38%
Gross Margin	52.58%	54.94%	50.34%	51.71%	50.28%
Operating Margin	33.46%	37.46%	32.16%	34.25%	33.52%
Profit Margin	24.39%	26.78%	24.72%	25.54%	24.57%
Free Cash Flow Margin	-7.44%	21.49%	9.84%	11.82%	20.28%
EBITDA	30,253	31,604	23,940	23,229	20,786
EBITDA Margin	40.62%	43.99%	38.89%	39.50%	38.25%
D&A For EBITDA	5,334	4,690	4,138	3,087	2,570
EBIT	24,919	26,914	19,802	20,142	18,216
EBIT Margin	33.46%	37.46%	32.16%	34.25%	33.52%
Effective Tax Rate	31.25%	29.15%	27.60%	29.03%	30.94%

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