Naito & Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	43,334	43,555	44,064	44,457	44,070	39,145
Revenue Growth (YoY)	-0.15%	-1.16%	-0.88%	0.88%	12.58%	-15.76%
Cost of Revenue	38,042	38,264	38,652	38,999	39,203	34,911
Gross Profit	5,292	5,291	5,412	5,458	4,867	4,234
Selling, General & Admin	4,823	4,826	4,906	4,571	4,377	4,042
Operating Expenses	4,824	4,827	4,906	4,571	4,377	4,042
Operating Income	468	464	506	887	490	192
Interest Expense	-5	-6	-4	-3	-2	-3
Interest & Investment Income	18	14	12	7	8	9
Earnings From Equity Investments	18	18	21	26	11	3
Currency Exchange Gain (Loss)	1	4	12	8	-	-
Other Non Operating Income (Expenses)	8	9	7	8	161	240
EBT Excluding Unusual Items	508	503	554	933	668	441
Gain (Loss) on Sale of Investments	-	-	-	159	-	-
Gain (Loss) on Sale of Assets	-1	-1	-2	-1	-	-
Asset Writedown	-	-	-13	-	-	-
Pretax Income	507	502	539	1,091	668	441
Income Tax Expense	184	188	194	359	220	167
Net Income	323	314	345	732	448	274
Net Income to Common	323	314	345	732	448	274
Net Income Growth	70.00%	-8.99%	-52.87%	63.39%	63.50%	-60.06%
Shares Outstanding (Basic)	55	55	55	55	55	55
Shares Outstanding (Diluted)	55	55	55	55	55	55
EPS (Basic)	5.90	5.73	6.30	13.37	8.18	5.00
EPS (Diluted)	5.90	5.73	6.30	13.37	8.18	5.00
EPS Growth	70.00%	-8.99%	-52.87%	63.39%	63.50%	-60.06%
Free Cash Flow	-	1,080	-84	409	87	1,832
Free Cash Flow Per Share	-	19.72	-1.53	7.47	1.59	33.45
Dividend Per Share	4.000	4.000	4.000	4.000	3.000	2.000
Dividend Growth	-	-	-	33.33%	50.00%	-50.00%
Gross Margin	12.21%	12.15%	12.28%	12.28%	11.04%	10.82%
Operating Margin	1.08%	1.06%	1.15%	1.99%	1.11%	0.49%
Profit Margin	0.74%	0.72%	0.78%	1.65%	1.02%	0.70%
Free Cash Flow Margin	-	2.48%	-0.19%	0.92%	0.20%	4.68%
EBITDA	859.25	814	801	1,146	691	275
EBITDA Margin	1.98%	1.87%	1.82%	2.58%	1.57%	0.70%
D&A For EBITDA	391.25	350	295	259	201	83
EBIT	468	464	506	887	490	192
EBIT Margin	1.08%	1.06%	1.15%	1.99%	1.11%	0.49%
Effective Tax Rate	36.29%	37.45%	35.99%	32.91%	32.93%	37.87%

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