Nippon Avionics 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	29,194	20,122	18,055	17,754	19,230
Revenue Growth (YoY)	45.08%	11.45%	1.70%	-7.68%	-4.78%
Cost of Revenue	19,681	13,484	12,330	12,010	13,188
Gross Profit	9,513	6,638	5,725	5,744	6,042
Selling, General & Admin	3,997	3,279	3,059	3,305	3,766
Research & Development	-	562	487	487	425
Operating Expenses	3,997	3,841	3,546	3,792	4,191
Operating Income	5,516	2,797	2,179	1,952	1,851
Interest Expense	-104	-47	-29	-26	-38
Interest & Investment Income	3	1	1	-	-
Other Non Operating Income (Expenses)	-57	-41	1	-2	-8
EBT Excluding Unusual Items	5,358	2,710	2,152	1,924	1,805
Gain (Loss) on Sale of Assets	-	-	-	83	-
Asset Writedown	-9	-	-	-5	-
Other Unusual Items	-	-	-	-	-24
Pretax Income	5,349	2,710	2,152	2,002	1,781
Income Tax Expense	1,529	746	3	182	156
Net Income	3,820	1,964	2,149	1,820	1,625
Preferred Dividends & Other Adjustments	-	-	-	6	-
Net Income to Common	3,820	1,964	2,149	1,814	1,625
Net Income Growth	94.50%	-8.61%	18.08%	12.00%	57.77%
Shares Outstanding (Basic)	15	16	16	14	14
Shares Outstanding (Diluted)	15	16	16	15	17
Shares Change (YoY)	-4.59%	-3.09%	8.92%	-11.32%	-22.83%
EPS (Basic)	253.54	124.37	131.88	128.20	115.04
EPS (Diluted)	253.54	124.37	131.88	121.66	96.32
EPS Growth	103.86%	-5.70%	8.40%	26.31%	104.36%
Free Cash Flow	-4,350	1,735	-706	-1,024	3,199
Free Cash Flow Per Share	-288.71	109.87	-43.33	-68.45	189.63
Dividend Per Share	-	6.000	6.000	6.000	-
Gross Margin	32.58%	32.99%	31.71%	32.35%	31.42%
Operating Margin	18.89%	13.90%	12.07%	11.00%	9.63%
Profit Margin	13.08%	9.76%	11.90%	10.22%	8.45%
Free Cash Flow Margin	-14.90%	8.62%	-3.91%	-5.77%	16.63%
EBITDA	5,995	3,275	2,466	2,169	2,101
EBITDA Margin	20.54%	16.28%	13.66%	12.22%	10.93%
D&A For EBITDA	479	478	287	217	250
EBIT	5,516	2,797	2,179	1,952	1,851
EBIT Margin	18.89%	13.90%	12.07%	11.00%	9.63%
Effective Tax Rate	28.59%	27.53%	0.14%	9.09%	8.76%

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