Tsugami Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	117,670	107,411	83,928	94,963	93,174	61,662	Upgrade
Revenue Growth (YoY)	25.95%	27.98%	-11.62%	1.92%	51.10%	25.05%	Upgrade
Cost of Revenue	76,236	71,056	60,258	68,204	64,994	44,457	Upgrade
Gross Profit	41,434	36,355	23,670	26,759	28,180	17,205	Upgrade
Selling, General & Admin	9,896	10,262	8,619	8,083	10,223	5,968	Upgrade
Research & Development	3,136	3,136	2,392	2,249	-	1,777	Upgrade
Other Operating Expenses	407	254	207	84	-1,992	99	Upgrade
Operating Expenses	13,989	14,202	11,741	10,960	8,231	8,175	Upgrade
Operating Income	27,445	22,153	11,929	15,799	19,949	9,030	Upgrade
Interest Expense	-559	-322	-342	-259	-228	-165	Upgrade
Interest & Investment Income	680	656	830	393	327	338	Upgrade
Earnings From Equity Investments	-	-	-	-1	-	-	Upgrade
Currency Exchange Gain (Loss)	84	84	240	-424	-177	-120	Upgrade
Other Non Operating Income (Expenses)	1,143	1,142	1,071	1,081	971	383	Upgrade
EBT Excluding Unusual Items	28,793	23,713	13,728	16,589	20,842	9,466	Upgrade
Gain (Loss) on Sale of Assets	-5	-5	-27	-208	-16	-9	Upgrade
Asset Writedown	-	-	93	85	-156	-	Upgrade
Other Unusual Items	-	-	-	-	-1,895	-	Upgrade
Pretax Income	28,788	23,708	13,794	16,466	18,775	9,457	Upgrade
Income Tax Expense	8,634	7,525	5,615	5,622	6,155	2,822	Upgrade
Earnings From Continuing Operations	20,154	16,183	8,179	10,844	12,620	6,635	Upgrade
Minority Interest in Earnings	-6,921	-5,282	-2,803	-3,149	-3,134	-1,718	Upgrade
Net Income	13,233	10,901	5,376	7,695	9,486	4,917	Upgrade
Net Income to Common	13,233	10,901	5,376	7,695	9,486	4,917	Upgrade
Net Income Growth	65.45%	102.77%	-30.14%	-18.88%	92.92%	145.73%	Upgrade
Shares Outstanding (Basic)	47	47	48	48	49	52	Upgrade
Shares Outstanding (Diluted)	47	48	48	49	50	53	Upgrade
Shares Change (YoY)	-1.41%	-1.48%	-1.01%	-3.03%	-4.53%	-0.35%	Upgrade
EPS (Basic)	282.96	231.54	112.56	159.39	191.99	95.19	Upgrade
EPS (Diluted)	279.34	228.55	111.04	157.33	188.07	93.08	Upgrade
EPS Growth	67.82%	105.83%	-29.42%	-16.35%	102.05%	146.57%	Upgrade
Free Cash Flow	16,343	6,829	9,464	7,159	3,361	4,473	Upgrade
Free Cash Flow Per Share	344.98	143.17	195.46	146.36	66.63	84.66	Upgrade
Dividend Per Share	68.000	59.000	48.000	46.000	40.000	26.000	Upgrade
Dividend Growth	33.33%	22.92%	4.35%	15.00%	53.85%	8.33%	Upgrade
Gross Margin	35.21%	33.85%	28.20%	28.18%	30.24%	27.90%	Upgrade
Operating Margin	23.32%	20.63%	14.21%	16.64%	21.41%	14.64%	Upgrade
Profit Margin	11.25%	10.15%	6.40%	8.10%	10.18%	7.97%	Upgrade
Free Cash Flow Margin	13.89%	6.36%	11.28%	7.54%	3.61%	7.25%	Upgrade
EBITDA	29,838	24,367	13,978	17,837	21,764	10,535	Upgrade
EBITDA Margin	25.36%	22.69%	16.66%	18.78%	23.36%	17.09%	Upgrade
D&A For EBITDA	2,393	2,214	2,049	2,038	1,815	1,505	Upgrade
EBIT	27,445	22,153	11,929	15,799	19,949	9,030	Upgrade
EBIT Margin	23.32%	20.63%	14.21%	16.64%	21.41%	14.64%	Upgrade
Effective Tax Rate	29.99%	31.74%	40.71%	34.14%	32.78%	29.84%	Upgrade
Advertising Expenses	-	516	398	298	-	65	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.