JAPAN MATERIAL 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	57,976	52,678	48,592	46,534	37,988
Revenue Growth (YoY)	10.06%	8.41%	4.42%	22.50%	7.78%
Cost of Revenue	38,220	36,518	36,572	31,536	25,778
Gross Profit	19,756	16,160	12,020	14,998	12,210
Selling, General & Admin	5,115	4,471	4,276	3,642	2,903
Operating Expenses	5,115	4,971	4,260	3,923	2,880
Operating Income	14,641	11,189	7,760	11,075	9,330
Interest Expense	-7	-6	-7	-7	-6
Interest & Investment Income	111	61	44	23	10
Earnings From Equity Investments	46	51	-8	-	-
Currency Exchange Gain (Loss)	209	-61	376	163	151
Other Non Operating Income (Expenses)	123	105	64	52	227
EBT Excluding Unusual Items	15,123	11,339	8,229	11,306	9,712
Gain (Loss) on Sale of Investments	-	-	-	-19	-
Gain (Loss) on Sale of Assets	-32	-11	-165	-72	1
Other Unusual Items	-	-	-4	-1	-121
Pretax Income	15,091	11,328	8,060	11,214	9,592
Income Tax Expense	4,380	3,359	2,352	3,310	2,857
Earnings From Continuing Operations	10,711	7,969	5,708	7,904	6,735
Minority Interest in Earnings	-119	-97	-27	-	-
Net Income	10,592	7,872	5,681	7,904	6,735
Net Income to Common	10,592	7,872	5,681	7,904	6,735
Net Income Growth	34.55%	38.57%	-28.13%	17.36%	9.69%
Shares Outstanding (Basic)	103	103	103	103	103
Shares Outstanding (Diluted)	103	103	103	103	103
Shares Change (YoY)	0.02%	0.05%	0.05%	0.02%	0.01%
EPS (Basic)	103.07	76.61	55.32	77.00	65.63
EPS (Diluted)	103.07	76.61	55.32	77.00	65.63
EPS Growth	34.53%	38.50%	-28.16%	17.33%	9.69%
Free Cash Flow	8,897	12,069	372	1,926	1,122
Free Cash Flow Per Share	86.57	117.46	3.62	18.76	10.93
Dividend Per Share	-	24.000	20.000	20.000	18.000
Dividend Growth	-	20.00%	-	11.11%	12.50%
Gross Margin	34.08%	30.68%	24.74%	32.23%	32.14%
Operating Margin	25.25%	21.24%	15.97%	23.80%	24.56%
Profit Margin	18.27%	14.94%	11.69%	16.98%	17.73%
Free Cash Flow Margin	15.35%	22.91%	0.77%	4.14%	2.95%
EBITDA	16,037	12,479	8,712	11,785	9,932
EBITDA Margin	27.66%	23.69%	17.93%	25.33%	26.15%
D&A For EBITDA	1,396	1,290	952	710	602
EBIT	14,641	11,189	7,760	11,075	9,330
EBIT Margin	25.25%	21.24%	15.97%	23.80%	24.56%
Effective Tax Rate	29.02%	29.65%	29.18%	29.52%	29.79%

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