Naikai Zosen 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	42,854	44,648	46,383	37,617	33,035	31,121
Revenue Growth (YoY)	-5.08%	-3.74%	23.30%	13.87%	6.15%	-11.26%
Cost of Revenue	39,065	42,007	42,008	35,688	31,414	30,877
Gross Profit	3,789	2,641	4,375	1,929	1,621	244
Selling, General & Admin	1,171	1,129	1,072	928	908	1,025
Research & Development	-	-	-	109	130	-
Operating Expenses	1,267	1,225	1,191	1,163	1,158	1,135
Operating Income	2,522	1,416	3,184	766	463	-891
Interest Expense	-64	-81	-97	-93	-100	-98
Interest & Investment Income	44	39	21	21	13	110
Currency Exchange Gain (Loss)	-	-81	91	26	-	-
Other Non Operating Income (Expenses)	-80	-135	-112	-83	47	17
EBT Excluding Unusual Items	2,422	1,158	3,087	637	423	-862
Gain (Loss) on Sale of Investments	18	18	-	466	-	-7
Asset Writedown	-57	-32	-45	-54	-70	-47
Legal Settlements	-	-	-561	-	-	-
Other Unusual Items	24	-1	-1	-1	-	-2
Pretax Income	2,407	1,143	2,480	1,048	353	-918
Income Tax Expense	703	126	219	311	210	53
Net Income	1,704	1,017	2,261	737	143	-971
Net Income to Common	1,704	1,017	2,261	737	143	-971
Net Income Growth	85.42%	-55.02%	206.78%	415.39%	-	-
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.00%	-	-0.06%	-	-	-
EPS (Basic)	1005.96	600.35	1334.71	434.81	84.37	-572.86
EPS (Diluted)	1005.96	600.35	1334.71	434.81	84.37	-572.86
EPS Growth	85.42%	-55.02%	206.97%	415.39%	-	-
Free Cash Flow	-	-6,585	5,960	-7,877	9,279	-5,612
Free Cash Flow Per Share	-	-3887.25	3518.30	-4647.20	5474.34	-3310.91
Dividend Per Share	40.000	40.000	100.000	40.000	20.000	-
Dividend Growth	-60.00%	-60.00%	150.00%	100.00%	-	-
Gross Margin	8.84%	5.92%	9.43%	5.13%	4.91%	0.78%
Operating Margin	5.88%	3.17%	6.87%	2.04%	1.40%	-2.86%
Profit Margin	3.98%	2.28%	4.88%	1.96%	0.43%	-3.12%
Free Cash Flow Margin	-	-14.75%	12.85%	-20.94%	28.09%	-18.03%
EBITDA	3,341	2,233	3,999	1,596	1,276	17
EBITDA Margin	7.80%	5.00%	8.62%	4.24%	3.86%	0.06%
D&A For EBITDA	818.5	817	815	830	813	908
EBIT	2,522	1,416	3,184	766	463	-891
EBIT Margin	5.88%	3.17%	6.87%	2.04%	1.40%	-2.86%
Effective Tax Rate	29.21%	11.02%	8.83%	29.68%	59.49%	-

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