Daiwa Cycle Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	21,106	18,349	15,339	13,090	11,459
Revenue Growth (YoY)	15.02%	19.62%	17.18%	14.23%	-
Cost of Revenue	11,907	10,208	8,608	7,357	6,537
Gross Profit	9,199	8,141	6,731	5,733	4,922
Selling, General & Admin	7,593	6,599	5,787	5,171	4,700
Operating Expenses	7,783	6,765	5,934	5,171	4,700
Operating Income	1,416	1,376	797	562	222
Interest & Investment Income	6	3	2	1	1
Currency Exchange Gain (Loss)	-4	-7	19	17	-9
Other Non Operating Income (Expenses)	19	13	-4	28	62
EBT Excluding Unusual Items	1,437	1,385	814	608	276
Gain (Loss) on Sale of Assets	-3	-	-	-17	-60
Asset Writedown	-	-24	-24	-	-
Pretax Income	1,434	1,361	790	591	216
Income Tax Expense	486	463	289	178	77
Net Income	948	898	501	413	139
Net Income to Common	948	898	501	413	139
Net Income Growth	5.57%	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)	0.42%	26.41%	10.81%	-	-
EPS (Basic)	345.17	328.49	231.92	206.50	69.50
EPS (Diluted)	336.96	320.53	226.06	206.50	69.50
EPS Growth	5.13%	41.79%	9.47%	197.12%	-
Free Cash Flow	255	862	422	-	-
Free Cash Flow Per Share	90.64	307.68	190.41	-	-
Gross Margin	43.59%	44.37%	43.88%	43.80%	42.95%
Operating Margin	6.71%	7.50%	5.20%	4.29%	1.94%
Profit Margin	4.49%	4.89%	3.27%	3.16%	1.21%
Free Cash Flow Margin	1.21%	4.70%	2.75%	-	-
EBITDA	1,606	1,542	944	-	-
EBITDA Margin	7.61%	8.40%	6.15%	-	-
D&A For EBITDA	190	166	147	-	-
EBIT	1,416	1,376	797	562	222
EBIT Margin	6.71%	7.50%	5.20%	4.29%	1.94%
Effective Tax Rate	33.89%	34.02%	36.58%	30.12%	35.65%