Zensho 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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Revenue	1,191,860	1,136,684	965,778	779,964	658,503	595,048	Upgrade
Revenue Growth (YoY)	11.29%	17.70%	23.82%	18.45%	10.66%	-5.61%	Upgrade
Cost of Revenue	545,992	514,475	441,727	365,093	310,879	254,469	Upgrade
Gross Profit	645,868	622,209	524,051	414,871	347,624	340,579	Upgrade
Selling, General & Admin	571,431	547,080	470,342	393,137	338,391	328,490	Upgrade
Operating Expenses	571,431	547,080	470,342	393,137	338,391	328,964	Upgrade
Operating Income	74,437	75,129	53,709	21,734	9,233	11,615	Upgrade
Interest Expense	-6,305	-5,736	-3,790	-2,849	-2,677	-2,225	Upgrade
Interest & Investment Income	2,201	2,102	855	481	524	385	Upgrade
Earnings From Equity Investments	22	21	6	7	5	7	Upgrade
Currency Exchange Gain (Loss)	953	548	-147	1,756	908	208	Upgrade
Other Non Operating Income (Expenses)	755	-175	279	6,950	15,124	2,225	Upgrade
EBT Excluding Unusual Items	72,063	71,889	50,912	28,079	23,117	12,215	Upgrade
Gain (Loss) on Sale of Assets	-60	-91	64	-	-	-	Upgrade
Asset Writedown	-7,473	-7,370	-3,240	-4,205	-8,684	-5,442	Upgrade
Other Unusual Items	-3,891	-927	-211	-388	11,846	-1,336	Upgrade
Pretax Income	60,639	63,501	47,525	23,486	26,279	5,437	Upgrade
Income Tax Expense	22,989	24,198	16,816	10,209	12,387	3,261	Upgrade
Earnings From Continuing Operations	37,650	39,303	30,709	13,277	13,892	2,176	Upgrade
Minority Interest in Earnings	24	-13	-16	-12	-23	83	Upgrade
Net Income	37,674	39,290	30,693	13,265	13,869	2,259	Upgrade
Preferred Dividends & Other Adjustments	1,620	1,620	812	-	-	-	Upgrade
Net Income to Common	36,054	37,670	29,881	13,265	13,869	2,259	Upgrade
Net Income Growth	-5.46%	28.01%	131.38%	-4.35%	513.94%	-81.14%	Upgrade
Shares Outstanding (Basic)	157	157	153	152	152	153	Upgrade
Shares Outstanding (Diluted)	157	157	153	152	152	153	Upgrade
Shares Change (YoY)	0.77%	2.45%	0.64%	-0.12%	-0.26%	2.25%	Upgrade
EPS (Basic)	230.14	240.45	195.41	87.30	91.17	14.81	Upgrade
EPS (Diluted)	230.14	240.45	195.41	87.30	91.17	14.81	Upgrade
EPS Growth	-6.42%	23.05%	123.83%	-4.24%	515.52%	-81.56%	Upgrade
Free Cash Flow	18,760	17,433	45,865	22,095	17,917	9,400	Upgrade
Free Cash Flow Per Share	119.75	111.28	299.93	145.41	117.78	61.63	Upgrade
Dividend Per Share	70.000	70.000	50.000	24.000	22.000	20.000	Upgrade
Dividend Growth	16.67%	40.00%	108.33%	9.09%	10.00%	-	Upgrade
Gross Margin	54.19%	54.74%	54.26%	53.19%	52.79%	57.24%	Upgrade
Operating Margin	6.25%	6.61%	5.56%	2.79%	1.40%	1.95%	Upgrade
Profit Margin	3.02%	3.31%	3.09%	1.70%	2.11%	0.38%	Upgrade
Free Cash Flow Margin	1.57%	1.53%	4.75%	2.83%	2.72%	1.58%	Upgrade
EBITDA	124,912	123,089	89,916	53,753	39,116	38,111	Upgrade
EBITDA Margin	10.48%	10.83%	9.31%	6.89%	5.94%	6.40%	Upgrade
D&A For EBITDA	50,475	47,960	36,207	32,019	29,883	26,496	Upgrade
EBIT	74,437	75,129	53,709	21,734	9,233	11,615	Upgrade
EBIT Margin	6.25%	6.61%	5.56%	2.79%	1.40%	1.95%	Upgrade
Effective Tax Rate	37.91%	38.11%	35.38%	43.47%	47.14%	59.98%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.