Zenhoren 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	26,188	25,658	24,510	23,846	21,705
Revenue Growth (YoY)	2.07%	4.68%	2.79%	9.86%	99.63%
Cost of Revenue	7,955	8,504	7,191	8,259	7,405
Gross Profit	18,233	17,154	17,319	15,587	14,300
Selling, General & Admin	15,059	13,571	14,021	13,683	12,600
Operating Expenses	15,059	14,605	15,094	13,683	12,600
Operating Income	3,174	2,549	2,225	1,904	1,700
Interest Expense	-23	-32	-65	-98	-113
Interest & Investment Income	18	3	-	-	-
Other Non Operating Income (Expenses)	8	18	28	37	32
EBT Excluding Unusual Items	3,177	2,538	2,188	1,843	1,619
Gain (Loss) on Sale of Investments	-	-	-	-	-89
Gain (Loss) on Sale of Assets	-	-	1	-	-
Asset Writedown	-45	-1	-3	-	-38
Other Unusual Items	-600	-300	-	-	-1
Pretax Income	2,532	2,237	2,186	1,843	1,491
Income Tax Expense	804	616	648	1,070	104
Net Income to Company	1,728	1,621	1,538	773	1,387
Net Income	1,728	1,621	1,538	773	1,387
Net Income to Common	1,728	1,621	1,538	773	1,387
Net Income Growth	6.60%	5.40%	98.97%	-44.27%	-
Shares Outstanding (Basic)	26	24	20	18	18
Shares Outstanding (Diluted)	26	25	23	18	18
Shares Change (YoY)	3.60%	10.88%	25.73%	0.33%	-
EPS (Basic)	66.03	66.92	76.06	42.52	76.55
EPS (Diluted)	65.81	63.96	67.29	42.52	76.55
EPS Growth	2.89%	-4.95%	58.25%	-44.45%	-
Free Cash Flow	5,118	3,020	3,247	-	-
Free Cash Flow Per Share	194.92	119.16	142.06	-	-
Gross Margin	69.62%	66.86%	70.66%	65.36%	65.88%
Operating Margin	12.12%	9.93%	9.08%	7.99%	7.83%
Profit Margin	6.60%	6.32%	6.28%	3.24%	6.39%
Free Cash Flow Margin	19.54%	11.77%	13.25%	-	-
EBITDA	4,037	3,583	3,298	-	-
EBITDA Margin	15.42%	13.96%	13.46%	-	-
D&A For EBITDA	863	1,034	1,073	-	-
EBIT	3,174	2,549	2,225	1,904	1,700
EBIT Margin	12.12%	9.93%	9.08%	7.99%	7.83%
Effective Tax Rate	31.75%	27.54%	29.64%	58.06%	6.98%

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