Hatsuho Shouji Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	35,444	34,827	34,422	31,792	29,909
Revenue Growth (YoY)	1.77%	1.18%	8.27%	6.30%	2.94%
Cost of Revenue	29,209	28,625	28,209	25,965	24,918
Gross Profit	6,235	6,202	6,213	5,827	4,991
Selling, General & Admin	4,846	4,748	4,638	4,393	4,085
Operating Expenses	5,025	4,913	4,791	4,540	4,227
Operating Income	1,210	1,289	1,422	1,287	764
Interest Expense	-5	-4	-3	-3	-4
Interest & Investment Income	16	8	5	5	4
Other Non Operating Income (Expenses)	233	210	148	147	173
EBT Excluding Unusual Items	1,454	1,503	1,572	1,436	937
Gain (Loss) on Sale of Investments	-	-	1	6	-
Gain (Loss) on Sale of Assets	-19	-2	-	-12	-
Other Unusual Items	-	76	-	-	-
Pretax Income	1,435	1,577	1,573	1,430	937
Income Tax Expense	502	486	506	468	337
Earnings From Continuing Operations	933	1,091	1,067	962	600
Minority Interest in Earnings	-102	-117	-92	-108	-99
Net Income	831	974	975	854	501
Net Income to Common	831	974	975	854	501
Net Income Growth	-14.68%	-0.10%	14.17%	70.46%	131.94%
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change (YoY)	0.24%	0.27%	0.21%	-0.01%	-0.01%
EPS (Basic)	252.06	296.15	297.24	260.91	153.06
EPS (Diluted)	252.06	296.15	297.24	260.91	153.06
EPS Growth	-14.89%	-0.37%	13.93%	70.47%	131.97%
Free Cash Flow	2,019	239	44	1,033	1,189
Free Cash Flow Per Share	612.41	72.67	13.41	315.60	363.24
Dividend Per Share	-	68.000	55.000	40.000	35.000
Dividend Growth	-	23.64%	37.50%	14.29%	27.27%
Gross Margin	17.59%	17.81%	18.05%	18.33%	16.69%
Operating Margin	3.41%	3.70%	4.13%	4.05%	2.55%
Profit Margin	2.34%	2.80%	2.83%	2.69%	1.68%
Free Cash Flow Margin	5.70%	0.69%	0.13%	3.25%	3.98%
EBITDA	1,370	1,452	1,574	1,437	916
EBITDA Margin	3.86%	4.17%	4.57%	4.52%	3.06%
D&A For EBITDA	160	163	152	150	152
EBIT	1,210	1,289	1,422	1,287	764
EBIT Margin	3.41%	3.70%	4.13%	4.05%	2.55%
Effective Tax Rate	34.98%	30.82%	32.17%	32.73%	35.97%

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