HOKUETSU METAL 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	24,428	28,729	31,823	31,041	27,356	21,815
Revenue Growth (YoY)	-19.58%	-9.72%	2.52%	13.47%	25.40%	-3.31%
Cost of Revenue	21,437	24,881	28,153	26,870	25,221	18,362
Gross Profit	2,991	3,848	3,670	4,171	2,135	3,453
Selling, General & Admin	2,960	3,072	3,041	3,064	2,843	2,838
Research & Development	46	46	33	11	7	6
Other Operating Expenses	16	16	23	17	17	16
Operating Expenses	3,068	3,180	3,142	3,130	2,897	2,905
Operating Income	-77	668	528	1,041	-762	548
Interest Expense	-21	-22	-18	-18	-12	-12
Interest & Investment Income	90	69	55	57	45	44
Other Non Operating Income (Expenses)	40	65	71	39	31	20
EBT Excluding Unusual Items	32	780	636	1,119	-698	600
Gain (Loss) on Sale of Investments	1	1	30	-6	-4	347
Gain (Loss) on Sale of Assets	20	21	24	7	-	2
Asset Writedown	-15	-29	-38	-10	-27	-43
Other Unusual Items	-1	-1	9	5	-26	26
Pretax Income	37	772	661	1,115	-755	932
Income Tax Expense	1	200	194	104	212	203
Earnings From Continuing Operations	36	572	467	1,011	-967	729
Net Income	36	572	467	1,011	-967	729
Net Income to Common	36	572	467	1,011	-967	729
Net Income Growth	-92.44%	22.48%	-53.81%	-	-	-24.22%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.13%	0.09%	0.13%	0.06%	0.10%	-0.00%
EPS (Basic)	9.34	148.57	121.41	263.17	-251.87	190.07
EPS (Diluted)	9.34	148.57	121.41	263.17	-251.87	190.07
EPS Growth	-92.45%	22.37%	-53.87%	-	-	-24.22%
Free Cash Flow	-	611	684	-466	-4,512	97
Free Cash Flow Per Share	-	158.70	177.82	-121.30	-1175.24	25.29
Dividend Per Share	35.000	45.000	35.000	85.000	6.000	30.000
Dividend Growth	133.33%	28.57%	-58.82%	1316.67%	-80.00%	-62.50%
Gross Margin	12.24%	13.39%	11.53%	13.44%	7.80%	15.83%
Operating Margin	-0.32%	2.33%	1.66%	3.35%	-2.79%	2.51%
Profit Margin	0.15%	1.99%	1.47%	3.26%	-3.54%	3.34%
Free Cash Flow Margin	-	2.13%	2.15%	-1.50%	-16.49%	0.45%
EBITDA	963	1,729	1,617	2,104	224	1,434
EBITDA Margin	3.94%	6.02%	5.08%	6.78%	0.82%	6.57%
D&A For EBITDA	1,040	1,061	1,089	1,063	986	886
EBIT	-77	668	528	1,041	-762	548
EBIT Margin	-0.32%	2.33%	1.66%	3.35%	-2.79%	2.51%
Effective Tax Rate	2.70%	25.91%	29.35%	9.33%	-	21.78%

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