Daiwa Cycle Income Statement

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	20,291	18,349	15,339	13,090	11,459
Revenue Growth (YoY)	14.33%	19.62%	17.18%	14.23%	-
Cost of Revenue	11,327	10,208	8,608	7,357	6,537
Gross Profit	8,964	8,141	6,731	5,733	4,922
Selling, General & Admin	7,368	6,599	5,787	5,171	4,700
Operating Expenses	7,534	6,765	5,934	5,171	4,700
Operating Income	1,430	1,376	797	562	222
Interest & Investment Income	5	3	2	1	1
Currency Exchange Gain (Loss)	-	-7	19	17	-9
Other Non Operating Income (Expenses)	20	13	-4	28	62
EBT Excluding Unusual Items	1,455	1,385	814	608	276
Gain (Loss) on Sale of Assets	-3	-	-	-17	-60
Asset Writedown	-24	-24	-24	-	-
Pretax Income	1,428	1,361	790	591	216
Income Tax Expense	469	463	289	178	77
Net Income	959	898	501	413	139
Net Income to Common	959	898	501	413	139
Net Income Growth	16.67%	79.24%	21.31%	197.12%	-
Shares Outstanding (Basic)	3	3	2	2	2
Shares Outstanding (Diluted)	3	3	2	2	2
Shares Change (YoY)	0.08%	26.41%	10.81%	-	-
EPS (Basic)	349.59	328.49	231.92	206.50	69.50
EPS (Diluted)	340.59	320.53	226.06	206.50	69.50
EPS Growth	16.57%	41.79%	9.47%	197.12%	-
Free Cash Flow	-	862	422	-	-
Free Cash Flow Per Share	-	307.68	190.41	-	-
Gross Margin	44.18%	44.37%	43.88%	43.80%	42.95%
Operating Margin	7.05%	7.50%	5.20%	4.29%	1.94%
Profit Margin	4.73%	4.89%	3.27%	3.16%	1.21%
Free Cash Flow Margin	-	4.70%	2.75%	-	-
EBITDA	1,610	1,542	944	-	-
EBITDA Margin	7.94%	8.40%	6.15%	-	-
D&A For EBITDA	180.25	166	147	-	-
EBIT	1,430	1,376	797	562	222
EBIT Margin	7.05%	7.50%	5.20%	4.29%	1.94%
Effective Tax Rate	32.84%	34.02%	36.58%	30.12%	35.65%

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