Citizen Watch Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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	394,661	346,808	316,885	312,830	301,366	281,417
Revenue Growth	23.48%	9.44%	1.30%	3.80%	7.09%	36.19%
Cost of Revenue	216,311	197,277	182,334	181,447	179,186	174,578
Gross Profit	178,350	149,531	134,551	131,383	122,180	106,839
Selling, General & Admin	120,578	108,002	103,174	95,816	88,473	74,712
Research & Development	5,774	5,774	5,671	5,807	5,693	5,542
Other Operating Expenses	62	62	-	69	40	87
Operating Expenses	131,861	119,285	113,995	106,527	98,491	84,573
Operating Income	46,489	30,246	20,556	24,856	23,689	22,266
Interest Expense	-581	-488	-353	-387	-297	-294
Interest & Investment Income	2,307	2,256	2,550	2,656	2,414	1,645
Earnings From Equity Investments	2,479	1,814	940	1,361	1,248	813
Currency Exchange Gain (Loss)	2,120	4,330	-738	2,879	1,237	2,192
Other Non Operating Income (Expenses)	380	298	69	-554	805	718
EBT Excluding Unusual Items	53,194	38,456	23,024	30,811	29,096	27,340
Gain (Loss) on Sale of Investments	1,353	5,852	7,562	968	1,530	94
Gain (Loss) on Sale of Assets	1,619	96	606	17	1,744	995
Asset Writedown	-2,158	-2,116	-1,333	-2,236	-4,388	-1,167
Other Unusual Items	-835	-6,162	-326	-230	257	-570
Pretax Income	53,173	36,126	29,533	29,330	28,239	26,692
Income Tax Expense	9,652	4,933	5,728	6,524	7,210	4,266
Earnings From Continuing Operations	43,521	31,193	23,805	22,806	21,029	22,426
Minority Interest in Earnings	70	-93	71	152	807	-286
Net Income	43,591	31,100	23,876	22,958	21,836	22,140
Net Income to Common	43,591	31,100	23,876	22,958	21,836	22,140
Net Income Growth	85.67%	30.26%	4.00%	5.14%	-1.37%	-
Shares Outstanding (Basic)	244	244	244	245	290	310
Shares Outstanding (Diluted)	244	244	244	245	290	310
Shares Change	0.04%	0.04%	-0.58%	-15.47%	-6.45%	-0.78%
EPS (Basic)	178.66	127.48	97.91	93.60	75.25	71.38
EPS (Diluted)	178.66	127.48	97.91	93.60	75.25	71.38
EPS Growth	85.60%	30.20%	4.61%	24.39%	5.43%	-

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	18,332	17,604	18,694	18,649	1,485	25,127
Free Cash Flow Per Share	75.13	72.16	76.66	76.03	5.12	81.00
Dividend Per Share	23.500	47.000	45.000	40.000	34.000	18.000
Dividend Growth	-48.91%	4.44%	12.50%	17.65%	88.89%	260.00%
Gross Margin	45.19%	43.12%	42.46%	42.00%	40.54%	37.96%
Operating Margin	11.78%	8.72%	6.49%	7.95%	7.86%	7.91%
Profit Margin	11.04%	8.97%	7.54%	7.34%	7.25%	7.87%
Free Cash Flow Margin	4.64%	5.08%	5.90%	5.96%	0.49%	8.93%
EBITDA	61,939	44,646	34,152	37,183	34,889	33,457
EBITDA Margin	15.69%	12.87%	10.78%	11.89%	11.58%	11.89%
D&A For EBITDA	15,450	14,400	13,596	12,327	11,200	11,191
EBIT	46,489	30,246	20,556	24,856	23,689	22,266
EBIT Margin	11.78%	8.72%	6.49%	7.95%	7.86%	7.91%
Effective Tax Rate	18.15%	13.66%	19.39%	22.24%	25.53%	15.98%
Advertising Expenses	-	24,396	22,612	20,666	18,768	15,360