Nittoseiko Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	50,238	47,069	44,744	44,021	40,518
Revenue Growth (YoY)	6.73%	5.20%	1.64%	8.65%	23.14%
Cost of Revenue	38,193	35,829	34,561	33,644	30,234
Gross Profit	12,045	11,240	10,183	10,377	10,284
Selling, General & Admin	8,684	7,107	6,852	6,734	6,237
Research & Development	-	541	443	444	541
Operating Expenses	8,684	7,914	7,568	7,445	7,035
Operating Income	3,362	3,326	2,615	2,932	3,249
Interest Expense	-61.51	-21	-17	-25	-20
Interest & Investment Income	62.07	50	45	36	41
Earnings From Equity Investments	-	16	28	37	29
Currency Exchange Gain (Loss)	-67.61	69	57	125	45
Other Non Operating Income (Expenses)	114.64	120	91	87	102
EBT Excluding Unusual Items	3,409	3,560	2,819	3,192	3,446
Gain (Loss) on Sale of Investments	129.6	-55	-20	-28	121
Gain (Loss) on Sale of Assets	35.83	-64	-6	29	37
Other Unusual Items	-	-	36	-	1
Pretax Income	3,575	3,441	2,829	3,193	3,605
Income Tax Expense	1,186	1,025	855	1,114	1,112
Earnings From Continuing Operations	2,389	2,416	1,974	2,079	2,493
Minority Interest in Earnings	-236.77	-217	-240	-251	-293
Net Income	2,152	2,199	1,734	1,828	2,200
Net Income to Common	2,152	2,199	1,734	1,828	2,200
Net Income Growth	-2.13%	26.82%	-5.14%	-16.91%	187.96%
Shares Outstanding (Basic)	36	37	37	37	37
Shares Outstanding (Diluted)	36	37	37	37	37
Shares Change (YoY)	-0.77%	-1.07%	0.01%	0.10%	0.26%
EPS (Basic)	59.34	60.16	46.93	49.48	59.62
EPS (Diluted)	59.34	60.16	46.93	49.48	59.62
EPS Growth	-1.37%	28.19%	-5.16%	-17.00%	187.20%
Free Cash Flow	1,186	2,771	2,020	-40	2,727
Free Cash Flow Per Share	32.69	75.81	54.67	-1.08	73.90
Dividend Per Share	23.000	19.500	18.000	16.000	-
Dividend Growth	17.95%	8.33%	12.50%	-	-
Gross Margin	23.98%	23.88%	22.76%	23.57%	25.38%
Operating Margin	6.69%	7.07%	5.84%	6.66%	8.02%
Profit Margin	4.28%	4.67%	3.88%	4.15%	5.43%
Free Cash Flow Margin	2.36%	5.89%	4.52%	-0.09%	6.73%
EBITDA	4,822	4,728	4,104	4,353	4,543
EBITDA Margin	9.60%	10.04%	9.17%	9.89%	11.21%
D&A For EBITDA	1,460	1,402	1,489	1,421	1,294
EBIT	3,362	3,326	2,615	2,932	3,249
EBIT Margin	6.69%	7.07%	5.84%	6.66%	8.02%
Effective Tax Rate	33.17%	29.79%	30.22%	34.89%	30.85%

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