Nikko 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
Period Ending	Dec '25 Dec 31, 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
Revenue	47,250	49,162	44,097	39,665	38,846	37,866
Revenue Growth (YoY)	-4.64%	11.49%	11.17%	2.11%	2.59%	7.72%
Cost of Revenue	33,365	35,169	31,992	29,348	28,346	27,675
Gross Profit	13,885	13,993	12,105	10,317	10,500	10,191
Selling, General & Admin	11,567	10,098	9,131	8,341	7,732	7,279
Research & Development	-	671	603	576	449	392
Operating Expenses	11,567	11,225	10,136	9,288	8,447	7,889
Operating Income	2,318	2,768	1,969	1,029	2,053	2,302
Interest Expense	-116	-99	-119	-77	-50	-37
Interest & Investment Income	248	190	145	106	125	548
Currency Exchange Gain (Loss)	44	77	117	158	77	56
Other Non Operating Income (Expenses)	48	134	32	40	69	115
EBT Excluding Unusual Items	2,542	3,070	2,144	1,256	2,274	2,984
Gain (Loss) on Sale of Investments	86	104	75	564	326	73
Gain (Loss) on Sale of Assets	-	29	11	-	-	-12
Asset Writedown	-	-	-	-104	-	-
Other Unusual Items	-25	-7	1	-23	-	-
Pretax Income	2,699	3,196	2,231	1,693	2,600	3,045
Income Tax Expense	844	1,187	987	751	985	963
Earnings From Continuing Operations	1,855	2,009	1,244	942	1,615	2,082
Minority Interest in Earnings	-3	-	68	78	34	-
Net Income	1,852	2,009	1,312	1,020	1,649	2,082
Net Income to Common	1,852	2,009	1,312	1,020	1,649	2,082
Net Income Growth	-0.54%	53.13%	28.63%	-38.14%	-20.80%	31.11%
Shares Outstanding (Basic)	39	38	38	38	38	38
Shares Outstanding (Diluted)	39	38	38	38	38	38
Shares Change (YoY)	0.32%	0.30%	0.14%	0.12%	-0.35%	-0.62%
EPS (Basic)	48.09	52.28	34.24	26.66	43.15	54.29
EPS (Diluted)	48.09	52.28	34.24	26.66	43.15	54.29
EPS Growth	-0.85%	52.66%	28.46%	-38.22%	-20.52%	31.93%
Free Cash Flow	-	76	2,011	-3,818	527	370
Free Cash Flow Per Share	-	1.98	52.49	-99.79	13.79	9.65
Dividend Per Share	34.000	32.000	30.000	30.000	30.000	33.000
Dividend Growth	13.33%	6.67%	-	-	-9.09%	65.00%
Gross Margin	29.39%	28.46%	27.45%	26.01%	27.03%	26.91%
Operating Margin	4.91%	5.63%	4.46%	2.59%	5.29%	6.08%
Profit Margin	3.92%	4.09%	2.97%	2.57%	4.25%	5.50%
Free Cash Flow Margin	-	0.15%	4.56%	-9.63%	1.36%	0.98%
EBITDA	3,593	3,935	2,992	2,019	2,812	2,979
EBITDA Margin	7.60%	8.00%	6.78%	5.09%	7.24%	7.87%
D&A For EBITDA	1,275	1,167	1,023	990	759	677
EBIT	2,318	2,768	1,969	1,029	2,053	2,302
EBIT Margin	4.91%	5.63%	4.46%	2.59%	5.29%	6.08%
Effective Tax Rate	31.27%	37.14%	44.24%	44.36%	37.89%	31.63%

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