Musashi 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	40,586	37,391	33,140	37,072	36,213
Revenue Growth (YoY)	8.54%	12.83%	-10.61%	2.37%	19.67%
Cost of Revenue	28,807	26,713	25,052	27,628	27,449
Gross Profit	11,779	10,678	8,088	9,444	8,764
Selling, General & Admin	7,101	7,207	6,867	6,695	6,850
Operating Expenses	7,101	7,323	7,010	6,824	7,017
Operating Income	4,678	3,355	1,078	2,620	1,747
Interest Expense	-59	-46	-39	-41	-40
Interest & Investment Income	180	100	63	57	48
Earnings From Equity Investments	-121	1,276	-7	26	33
Other Non Operating Income (Expenses)	37	52	42	42	59
EBT Excluding Unusual Items	4,715	4,737	1,137	2,704	1,847
Gain (Loss) on Sale of Investments	3	-	27	-14	-
Gain (Loss) on Sale of Assets	-	-	-15	-	1
Asset Writedown	-226	-	-	-	-27
Other Unusual Items	-	-	-	-1	-1
Pretax Income	4,492	4,737	1,149	2,689	1,820
Income Tax Expense	1,689	1,305	382	927	839
Net Income	2,803	3,432	767	1,762	981
Net Income to Common	2,803	3,432	767	1,762	981
Net Income Growth	-18.33%	347.46%	-56.47%	79.61%	-
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	0.00%	-	-	-1.77%	-4.97%
EPS (Basic)	411.34	503.67	112.56	258.59	141.42
EPS (Diluted)	411.34	503.67	112.56	258.59	141.42
EPS Growth	-18.33%	347.46%	-56.47%	82.86%	-
Free Cash Flow	2,156	3,122	-702	1,360	1,923
Free Cash Flow Per Share	316.39	458.17	-103.02	199.59	277.21
Dividend Per Share	-	36.000	30.000	24.000	24.000
Dividend Growth	-	20.00%	25.00%	-	-
Gross Margin	29.02%	28.56%	24.41%	25.47%	24.20%
Operating Margin	11.53%	8.97%	3.25%	7.07%	4.82%
Profit Margin	6.91%	9.18%	2.31%	4.75%	2.71%
Free Cash Flow Margin	5.31%	8.35%	-2.12%	3.67%	5.31%
EBITDA	5,107	3,751	1,492	3,050	2,240
EBITDA Margin	12.58%	10.03%	4.50%	8.23%	6.19%
D&A For EBITDA	429	396	414	430	493
EBIT	4,678	3,355	1,078	2,620	1,747
EBIT Margin	11.53%	8.97%	3.25%	7.07%	4.82%
Effective Tax Rate	37.60%	27.55%	33.25%	34.47%	46.10%

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