Dowa Holdings Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	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	838,676	745,410	678,672	717,194	780,060	831,794
Revenue Growth	29.07%	9.83%	-5.37%	-8.06%	-6.22%	41.46%
Cost of Revenue	728,756	655,111	592,043	635,748	689,241	725,368
Gross Profit	109,920	90,299	86,629	81,446	90,819	106,426
Selling, General & Admin	45,611	44,244	42,184	38,304	35,640	31,756
Research & Development	8,449	8,449	8,967	10,493	8,569	7,035
Amortization of Goodwill & Intangibles	500	500	509	503	498	503
Other Operating Expenses	-	-	-	-	-	1,972
Operating Expenses	57,473	56,106	54,403	51,443	46,208	42,601
Operating Income	52,447	34,193	32,226	30,003	44,611	63,825
Interest Expense	-1,311	-1,115	-813	-484	-523	-664
Interest & Investment Income	1,868	1,816	1,378	1,650	1,715	1,165
Earnings From Equity Investments	19,951	15,293	9,028	9,773	5,209	8,864
Currency Exchange Gain (Loss)	1,040	449	-128	1,051	1,316	361
Other Non Operating Income (Expenses)	4,240	3,689	1,906	2,751	3,172	2,521
EBT Excluding Unusual Items	78,235	54,325	43,597	44,744	55,500	76,072
Gain (Loss) on Sale of Investments	28,417	28,417	2,918	6,537	-1,343	1,220
Gain (Loss) on Sale of Assets	456	848	280	37	79	80
Asset Writedown	-5,164	-5,073	-5,866	-3,239	-7,984	-1,630
Other Unusual Items	-215	-413	-2,325	-4,312	-323	1,347
Pretax Income	101,729	78,104	38,604	43,767	45,929	77,089
Income Tax Expense	19,960	13,609	10,565	14,234	16,416	20,259
Earnings From Continuing Operations	81,769	64,495	28,039	29,533	29,513	56,830
Minority Interest in Earnings	-2,260	-2,037	-911	-1,680	-4,472	-5,818
Net Income	79,509	62,458	27,128	27,853	25,041	51,012
Net Income to Common	79,509	62,458	27,128	27,853	25,041	51,012
Net Income Growth	265.59%	130.23%	-2.60%	11.23%	-50.91%	133.74%
Shares Outstanding (Basic)	59	59	60	60	60	60
Shares Outstanding (Diluted)	59	59	60	60	60	60
Shares Change	-0.26%	-0.09%	0.03%	0.03%	0.02%	0.45%
EPS (Basic)	1338.70	1049.84	455.60	467.89	420.76	857.32
EPS (Diluted)	1338.70	1049.84	455.60	467.89	420.76	857.32
EPS Growth	266.54%	130.43%	-2.63%	11.20%	-50.92%	132.69%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	-	-29,363	-33,028	82,187	21,031	30,962
Free Cash Flow Per Share	-	-493.55	-554.68	1380.62	353.38	520.35
Dividend Per Share	-	-	150.000	130.000	105.000	100.000
Dividend Growth	-	-	15.38%	23.81%	5.00%	5.26%
Gross Margin	13.11%	12.11%	12.76%	11.36%	11.64%	12.80%
Operating Margin	6.25%	4.59%	4.75%	4.18%	5.72%	7.67%
Profit Margin	9.48%	8.38%	4.00%	3.88%	3.21%	6.13%
Free Cash Flow Margin	-	-3.94%	-4.87%	11.46%	2.70%	3.72%
EBITDA	84,454	65,658	61,522	55,804	69,064	86,910
EBITDA Margin	10.07%	8.81%	9.06%	7.78%	8.85%	10.45%
D&A For EBITDA	32,007	31,465	29,296	25,801	24,453	23,085
EBIT	52,447	34,193	32,226	30,003	44,611	63,825
EBIT Margin	6.25%	4.59%	4.75%	4.18%	5.72%	7.67%
Effective Tax Rate	19.62%	17.42%	27.37%	32.52%	35.74%	26.28%