Nippon Avionics 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	26,178	20,122	18,055	17,754	19,230	20,195
Revenue Growth (YoY)	41.72%	11.45%	1.70%	-7.68%	-4.78%	20.17%
Cost of Revenue	17,748	13,484	12,330	12,010	13,188	14,840
Gross Profit	8,430	6,638	5,725	5,744	6,042	5,355
Selling, General & Admin	3,366	3,279	3,059	3,305	3,766	3,597
Research & Development	562	562	487	487	425	393
Operating Expenses	3,928	3,841	3,546	3,792	4,191	3,990
Operating Income	4,502	2,797	2,179	1,952	1,851	1,365
Interest Expense	-78	-47	-29	-26	-38	-49
Interest & Investment Income	1	1	1	-	-	-
Other Non Operating Income (Expenses)	-49	-41	1	-2	-8	-27
EBT Excluding Unusual Items	4,376	2,710	2,152	1,924	1,805	1,289
Gain (Loss) on Sale of Assets	-	-	-	83	-	-
Asset Writedown	-9	-	-	-5	-	-5
Other Unusual Items	-	-	-	-	-24	-347
Pretax Income	4,367	2,710	2,152	2,002	1,781	937
Income Tax Expense	1,237	746	3	182	156	-93
Net Income	3,130	1,964	2,149	1,820	1,625	1,030
Preferred Dividends & Other Adjustments	-	-	-	6	-	-
Net Income to Common	3,130	1,964	2,149	1,814	1,625	1,030
Net Income Growth	52.83%	-8.61%	18.08%	12.00%	57.77%	1255.26%
Shares Outstanding (Basic)	15	16	16	14	14	14
Shares Outstanding (Diluted)	15	16	16	15	17	22
Shares Change (YoY)	-5.45%	-3.09%	8.92%	-11.32%	-22.83%	-4.89%
EPS (Basic)	205.64	124.37	131.88	128.20	115.04	72.97
EPS (Diluted)	205.64	124.37	131.88	121.66	96.32	47.13
EPS Growth	61.64%	-5.70%	8.40%	26.31%	104.36%	1316.17%
Free Cash Flow	-	1,735	-706	-1,024	3,199	638
Free Cash Flow Per Share	-	109.87	-43.33	-68.45	189.63	29.19
Dividend Per Share	6.000	6.000	6.000	6.000	-	-
Gross Margin	32.20%	32.99%	31.71%	32.35%	31.42%	26.52%
Operating Margin	17.20%	13.90%	12.07%	11.00%	9.63%	6.76%
Profit Margin	11.96%	9.76%	11.90%	10.22%	8.45%	5.10%
Free Cash Flow Margin	-	8.62%	-3.91%	-5.77%	16.63%	3.16%
EBITDA	5,123	3,275	2,466	2,169	2,101	1,656
EBITDA Margin	19.57%	16.28%	13.66%	12.22%	10.93%	8.20%
D&A For EBITDA	621.25	478	287	217	250	291
EBIT	4,502	2,797	2,179	1,952	1,851	1,365
EBIT Margin	17.20%	13.90%	12.07%	11.00%	9.63%	6.76%
Effective Tax Rate	28.33%	27.53%	0.14%	9.09%	8.76%	-

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