Kyowa 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 2018
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 '18 Mar 31, 2018
Revenue	19,264	16,705	14,580	12,444	10,385	12,960
Revenue Growth (YoY)	20.48%	14.57%	17.16%	19.83%	-19.87%	8.20%
Cost of Revenue	9,312	7,839	6,901	5,577	4,609	7,148
Gross Profit	9,952	8,866	7,679	6,867	5,776	5,812
Selling, General & Admin	8,138	7,304	6,390	5,980	5,339	5,292
Operating Expenses	8,405	7,571	6,596	6,150	5,502	5,376
Operating Income	1,547	1,295	1,083	717	274	436
Interest Expense	-47	-33	-25	-26	-26	-36
Interest & Investment Income	11	7	3	4	3	4
Other Non Operating Income (Expenses)	22	19	49	16	32	44
EBT Excluding Unusual Items	1,533	1,288	1,110	711	283	448
Gain (Loss) on Sale of Investments	-	-	-	-18	-	-
Asset Writedown	-117	-117	-57	-	-57	-45
Other Unusual Items	-	-	-	-1	-12	-
Pretax Income	1,416	1,171	1,053	692	214	403
Income Tax Expense	336	254	407	260	86	155
Net Income to Company	-	917	646	432	128	248
Net Income	1,080	917	646	432	128	248
Net Income to Common	1,080	917	646	432	128	248
Net Income Growth	57.43%	41.95%	49.54%	237.50%	-48.39%	-24.39%
Shares Outstanding (Basic)	6	6	6	6	6	5
Shares Outstanding (Diluted)	6	6	6	6	6	5
Shares Change (YoY)	0.09%	0.04%	0.14%	0.96%	22.86%	1.80%
EPS (Basic)	181.08	153.93	108.53	72.57	21.75	52.01
EPS (Diluted)	180.37	153.23	108.12	72.41	21.75	52.01
EPS Growth	57.25%	41.72%	49.32%	232.88%	-58.17%	-24.97%
Free Cash Flow	-	-103	265	497	-134	483
Free Cash Flow Per Share	-	-17.21	44.29	83.17	-22.64	100.26
Dividend Per Share	10.000	20.000	20.000	17.500	17.500	17.000
Dividend Growth	-50.00%	-	14.29%	-	2.94%	240.00%
Gross Margin	51.66%	53.07%	52.67%	55.18%	55.62%	44.85%
Operating Margin	8.03%	7.75%	7.43%	5.76%	2.64%	3.36%
Profit Margin	5.61%	5.49%	4.43%	3.47%	1.23%	1.91%
Free Cash Flow Margin	-	-0.62%	1.82%	3.99%	-1.29%	3.73%
EBITDA	3,742	3,290	2,811	2,101	1,471	1,581
EBITDA Margin	19.43%	19.70%	19.28%	16.88%	14.16%	12.20%
D&A For EBITDA	2,195	1,995	1,728	1,384	1,197	1,145
EBIT	1,547	1,295	1,083	717	274	436
EBIT Margin	8.03%	7.75%	7.43%	5.76%	2.64%	3.36%
Effective Tax Rate	23.73%	21.69%	38.65%	37.57%	40.19%	38.46%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.