Heiwa Corporation (TYO:6412)

Heiwa Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	233,639	145,867	136,381	142,290	121,558	107,744
Revenue Growth (YoY)	53.35%	6.96%	-4.15%	17.05%	12.82%	-25.47%
Cost of Revenue	154,552	93,377	89,585	92,976	88,159	78,709
Gross Profit	79,087	52,490	46,796	49,314	33,399	29,035
Selling, General & Admin	27,891	15,442	13,819	14,895	13,893	13,431
Research & Development	9,076	9,076	9,071	7,009	9,091	9,949
Other Operating Expenses	312	312	314	431	291	296
Operating Expenses	37,248	24,799	23,365	22,408	23,163	23,723
Operating Income	41,839	27,691	23,431	26,906	10,236	5,312
Interest Expense	-8,709	-1,928	-393	-384	-390	-401
Interest & Investment Income	1,022	788	102	154	146	203
Other Non Operating Income (Expenses)	-5,009	-5,022	-321	106	117	513
EBT Excluding Unusual Items	29,143	21,529	22,819	26,782	10,109	5,627
Gain (Loss) on Sale of Investments	-	-	-	12	143	360
Gain (Loss) on Sale of Assets	-222	-197	-74	-163	215	-189
Asset Writedown	-320	-	-	-	-	-3,769
Other Unusual Items	-	-	-	-	-2,259	-
Pretax Income	28,603	21,332	22,745	26,631	8,208	2,029
Income Tax Expense	19,043	8,268	6,134	5,946	6,015	1,164
Earnings From Continuing Operations	9,560	13,064	16,611	20,685	2,193	865
Minority Interest in Earnings	-23	-	-	-	-	-
Net Income	9,537	13,064	16,611	20,685	2,193	865
Net Income to Common	9,537	13,064	16,611	20,685	2,193	865
Net Income Growth	-62.72%	-21.35%	-19.70%	843.23%	153.53%	-94.55%
Shares Outstanding (Basic)	99	99	99	99	99	99
Shares Outstanding (Diluted)	99	99	99	99	99	99
Shares Change (YoY)	0.01%	-	-0.00%	-0.00%	-0.00%	-0.00%
EPS (Basic)	96.70	132.46	168.42	209.72	22.23	8.77
EPS (Diluted)	96.70	132.46	168.42	209.72	22.23	8.77
EPS Growth	-62.72%	-21.35%	-19.69%	843.25%	153.53%	-94.55%
Free Cash Flow	9,156	6,126	2,668	17,903	13,429	-312
Free Cash Flow Per Share	92.83	62.11	27.05	181.52	136.15	-3.16
Dividend Per Share	80.000	80.000	80.000	80.000	80.000	80.000
Gross Margin	-	35.98%	34.31%	34.66%	27.48%	26.95%
Operating Margin	17.91%	18.98%	17.18%	18.91%	8.42%	4.93%
Profit Margin	4.08%	8.96%	12.18%	14.54%	1.80%	0.80%
Free Cash Flow Margin	3.92%	4.20%	1.96%	12.58%	11.05%	-0.29%
EBITDA	66,747	36,757	32,435	35,707	20,318	14,328
EBITDA Margin	-	25.20%	23.78%	25.09%	16.71%	13.30%
D&A For EBITDA	24,908	9,066	9,004	8,801	10,082	9,016
EBIT	41,839	27,691	23,431	26,906	10,236	5,312
EBIT Margin	-	18.98%	17.18%	18.91%	8.42%	4.93%
Effective Tax Rate	-	38.76%	26.97%	22.33%	73.28%	57.37%
Advertising Expenses	-	1,562	1,512	2,011	934	780

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