Aval Data Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017	Mar '16 Mar 31, 2016	Mar '15 Mar 31, 2015	Mar '14 Mar 31, 2014
Revenue	7,579	7,797	6,957	6,350	6,204
Revenue Growth (YoY)	-2.80%	12.07%	9.56%	2.35%	25.05%
Cost of Revenue	4,808	5,057	4,675	4,226	4,158
Gross Profit	2,771	2,740	2,282	2,124	2,046
Selling, General & Admin	767	970	929	918	930
Research & Development	604	778	663	723	641
Other Operating Expenses	75	66	40	29	29
Operating Expenses	1,461	1,834	1,652	1,691	1,617
Operating Income	1,310	906	630	433	429
Interest & Investment Income	19	16	27	29	36
Other Non Operating Income (Expenses)	6	9	3	6	13
EBT Excluding Unusual Items	1,335	931	660	468	478
Gain (Loss) on Sale of Investments	-68	-	-15	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-1
Other Unusual Items	-1	-	-1	-	-
Pretax Income	1,266	931	644	468	477
Income Tax Expense	606	206	189	150	164
Earnings From Continuing Operations	660	725	455	318	313
Minority Interest in Earnings	-3	-40	-24	-12	-12
Net Income	657	685	431	306	301
Net Income to Common	657	685	431	306	301
Net Income Growth	-4.09%	58.93%	40.85%	1.66%	1670.59%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	0.89%	-4.66%	-1.74%	3.95%	2.44%
EPS (Basic)	108.08	113.92	68.45	47.98	48.87
EPS (Diluted)	108.02	113.74	68.26	47.55	48.64
EPS Growth	-5.03%	66.63%	43.55%	-2.24%	1629.85%
Free Cash Flow	401	641	629	263	622
Free Cash Flow Per Share	65.90	106.28	99.43	40.85	100.43
Dividend Per Share	52.000	39.000	25.000	15.000	15.000
Dividend Growth	33.33%	56.00%	66.67%	-	87.50%
Gross Margin	36.56%	35.14%	32.80%	33.45%	32.98%
Operating Margin	17.29%	11.62%	9.06%	6.82%	6.92%
Profit Margin	8.67%	8.79%	6.19%	4.82%	4.85%
Free Cash Flow Margin	5.29%	8.22%	9.04%	4.14%	10.03%
EBITDA	1,417	1,032	756	560	561
EBITDA Margin	18.70%	13.24%	10.87%	8.82%	9.04%
D&A For EBITDA	107	126	126	127	132
EBIT	1,310	906	630	433	429
EBIT Margin	17.29%	11.62%	9.06%	6.82%	6.92%
Effective Tax Rate	47.87%	22.13%	29.35%	32.05%	34.38%
Advertising Expenses	20	25	26	26	26

Updated Jun 22, 2018. Source: S&P Global Market Intelligence. Standard template. Financial Sources.