Kyoei Steel 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	315,148	322,849	320,982	355,715	292,719	226,371
Revenue Growth (YoY)	-2.70%	0.58%	-9.76%	21.52%	29.31%	-5.42%
Cost of Revenue	273,517	284,523	279,012	321,441	266,820	198,112
Gross Profit	41,631	38,326	41,970	34,274	25,899	28,259
Selling, General & Admin	22,556	22,337	20,139	18,804	16,564	15,076
Operating Expenses	22,556	22,994	20,915	19,455	17,080	15,602
Operating Income	19,075	15,332	21,055	14,819	8,819	12,657
Interest Expense	-2,473	-2,683	-3,582	-2,584	-1,217	-1,310
Interest & Investment Income	1,065	1,222	1,491	999	892	964
Earnings From Equity Investments	572	1,204	1,961	1,420	1,419	763
Currency Exchange Gain (Loss)	-364	31	-235	-472	289	-497
Other Non Operating Income (Expenses)	646	639	344	489	346	358
EBT Excluding Unusual Items	18,521	15,745	21,034	14,671	10,548	12,935
Gain (Loss) on Sale of Investments	-	-	-	39	-	-
Gain (Loss) on Sale of Assets	-256	-227	-298	-283	-375	-344
Asset Writedown	-2,783	-2,637	-4,980	-1,068	-154	-
Other Unusual Items	-15	3,399	-440	271	61	144
Pretax Income	15,485	16,280	15,316	13,630	10,080	12,735
Income Tax Expense	4,937	5,656	5,662	2,089	2,347	3,466
Earnings From Continuing Operations	10,548	10,624	9,654	11,541	7,733	9,269
Minority Interest in Earnings	-949	167	4,172	1,567	-1,411	-481
Net Income	9,599	10,791	13,826	13,108	6,322	8,788
Net Income to Common	9,599	10,791	13,826	13,108	6,322	8,788
Net Income Growth	-15.73%	-21.95%	5.48%	107.34%	-28.06%	-23.51%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
EPS (Basic)	220.88	248.30	318.14	301.62	145.47	202.21
EPS (Diluted)	220.88	248.30	318.14	301.62	145.47	202.21
EPS Growth	-15.73%	-21.95%	5.48%	107.34%	-28.06%	-23.51%
Free Cash Flow	-	25,853	13,855	12,657	-24,580	5,838
Free Cash Flow Per Share	-	594.88	318.81	291.24	-565.59	134.33
Dividend Per Share	90.000	90.000	90.000	75.000	40.000	-
Dividend Growth	-14.29%	-	20.00%	87.50%	-	-
Gross Margin	13.21%	11.87%	13.08%	9.63%	8.85%	12.48%
Operating Margin	6.05%	4.75%	6.56%	4.17%	3.01%	5.59%
Profit Margin	3.05%	3.34%	4.31%	3.69%	2.16%	3.88%
Free Cash Flow Margin	-	8.01%	4.32%	3.56%	-8.40%	2.58%
EBITDA	-	24,085	31,024	24,694	17,883	21,257
EBITDA Margin	-	7.46%	9.66%	6.94%	6.11%	9.39%
D&A For EBITDA	7,841	8,753	9,969	9,875	9,064	8,600
EBIT	19,075	15,332	21,055	14,819	8,819	12,657
EBIT Margin	6.05%	4.75%	6.56%	4.17%	3.01%	5.59%
Effective Tax Rate	31.88%	34.74%	36.97%	15.33%	23.28%	27.22%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.