Smile Holdings 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	14,477	13,656	12,867	11,860	10,659	9,113
Revenue Growth (YoY)	9.70%	6.13%	8.49%	11.27%	16.96%	25.26%
Cost of Revenue	12,334	11,723	11,273	10,597	9,629	8,255
Gross Profit	2,143	1,933	1,594	1,263	1,030	858
Selling, General & Admin	1,535	1,499	1,354	1,275	1,231	1,226
Operating Expenses	1,548	1,522	1,361	1,295	1,244	1,240
Operating Income	595	411	233	-32	-214	-382
Interest Expense	-25	-21	-17	-23	-45	-26
Other Non Operating Income (Expenses)	27	23	95	432	1,406	1,389
EBT Excluding Unusual Items	597	413	311	377	1,147	981
Gain (Loss) on Sale of Assets	-	-	3	-	-	-
Asset Writedown	-53	-59	-50	-48	-82	-135
Other Unusual Items	-1	72	-	-	-	-
Pretax Income	543	426	264	329	1,065	846
Income Tax Expense	261	275	132	141	379	299
Net Income	282	151	132	188	686	547
Net Income to Common	282	151	132	188	686	547
Net Income Growth	16.53%	14.39%	-29.79%	-72.59%	25.41%	-53.45%
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	0.15%	-0.73%	-0.04%	0.81%	-0.48%	18.56%
EPS (Basic)	87.30	46.82	40.70	57.99	216.09	172.58
EPS (Diluted)	87.17	46.82	40.63	57.74	212.39	168.76
EPS Growth	16.54%	15.23%	-29.63%	-72.81%	25.85%	-60.68%
Free Cash Flow	-	498	770	886	1,257	-577
Free Cash Flow Per Share	-	154.05	236.46	271.98	388.99	-177.70
Dividend Per Share	95.000	95.000	-	-	-	-
Gross Margin	14.80%	14.16%	12.39%	10.65%	9.66%	9.41%
Operating Margin	4.11%	3.01%	1.81%	-0.27%	-2.01%	-4.19%
Profit Margin	1.95%	1.11%	1.03%	1.58%	6.44%	6.00%
Free Cash Flow Margin	-	3.65%	5.98%	7.47%	11.79%	-6.33%
EBITDA	1,312	1,174	1,058	829	627	325
EBITDA Margin	9.06%	8.60%	8.22%	6.99%	5.88%	3.57%
D&A For EBITDA	716.5	763	825	861	841	707
EBIT	595	411	233	-32	-214	-382
EBIT Margin	4.11%	3.01%	1.81%	-0.27%	-2.01%	-4.19%
Effective Tax Rate	48.07%	64.55%	50.00%	42.86%	35.59%	35.34%

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