Heiwa 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	258,107	145,867	136,381	142,290	121,558
Revenue Growth (YoY)	76.95%	6.96%	-4.15%	17.05%	12.82%
Cost of Revenue	172,631	93,377	89,585	92,976	88,159
Gross Profit	85,476	52,490	46,796	49,314	33,399
Selling, General & Admin	42,052	15,442	13,819	14,895	13,893
Research & Development	-	9,076	9,071	7,009	9,091
Other Operating Expenses	-	312	314	431	291
Operating Expenses	42,052	24,799	23,365	22,408	23,163
Operating Income	43,424	27,691	23,431	26,906	10,236
Interest Expense	-10,159	-1,928	-393	-384	-390
Interest & Investment Income	467	788	102	154	146
Other Non Operating Income (Expenses)	-200	-5,022	-321	106	117
EBT Excluding Unusual Items	33,532	21,529	22,819	26,782	10,109
Gain (Loss) on Sale of Investments	424	-	-	12	143
Gain (Loss) on Sale of Assets	-287	-197	-74	-163	215
Asset Writedown	-279	-	-	-	-
Other Unusual Items	-	-	-	-	-2,259
Pretax Income	33,390	21,332	22,745	26,631	8,208
Income Tax Expense	21,693	8,268	6,134	5,946	6,015
Earnings From Continuing Operations	11,697	13,064	16,611	20,685	2,193
Minority Interest in Earnings	-27	-	-	-	-
Net Income	11,670	13,064	16,611	20,685	2,193
Net Income to Common	11,670	13,064	16,611	20,685	2,193
Net Income Growth	-10.67%	-21.35%	-19.70%	843.23%	153.53%
Shares Outstanding (Basic)	99	99	99	99	99
Shares Outstanding (Diluted)	99	99	99	99	99
Shares Change (YoY)	-	-	-0.00%	-0.00%	-0.00%
EPS (Basic)	118.32	132.46	168.42	209.72	22.23
EPS (Diluted)	118.32	132.46	168.42	209.72	22.23
EPS Growth	-10.67%	-21.35%	-19.69%	843.25%	153.53%
Free Cash Flow	9,967	6,126	2,668	17,903	13,429
Free Cash Flow Per Share	101.06	62.11	27.05	181.52	136.15
Dividend Per Share	-	80.000	80.000	80.000	80.000
Gross Margin	33.12%	35.98%	34.31%	34.66%	27.48%
Operating Margin	16.82%	18.98%	17.18%	18.91%	8.42%
Profit Margin	4.52%	8.96%	12.18%	14.54%	1.80%
Free Cash Flow Margin	3.86%	4.20%	1.96%	12.58%	11.05%
EBITDA	74,233	36,757	32,435	35,707	20,318
EBITDA Margin	28.76%	25.20%	23.78%	25.09%	16.71%
D&A For EBITDA	30,809	9,066	9,004	8,801	10,082
EBIT	43,424	27,691	23,431	26,906	10,236
EBIT Margin	16.82%	18.98%	17.18%	18.91%	8.42%
Effective Tax Rate	64.97%	38.76%	26.97%	22.33%	73.28%
Advertising Expenses	-	1,562	1,512	2,011	934