Sincere Co., LTD. 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	7,456	6,539	5,961	5,585	4,557
Revenue Growth (YoY)	14.02%	9.70%	6.73%	22.56%	8.81%
Cost of Revenue	5,077	4,442	4,118	4,184	3,179
Gross Profit	2,379	2,097	1,843	1,401	1,378
Selling, General & Admin	1,854	1,610	1,460	1,245	1,268
Other Operating Expenses	-	4	3	6	2
Operating Expenses	1,854	1,612	1,466	1,251	1,267
Operating Income	525	485	377	150	111
Interest Expense	-22	-16	-8	-4	-2
Interest & Investment Income	11	10	24	9	-
Currency Exchange Gain (Loss)	5	-11	-18	28	-5
Other Non Operating Income (Expenses)	-4	-3	-4	4	4
EBT Excluding Unusual Items	515	465	371	187	108
Gain (Loss) on Sale of Investments	-	-	-	-	6
Asset Writedown	-1	2	74	-75	5
Other Unusual Items	-65	-	-	-	-
Pretax Income	449	467	445	112	119
Income Tax Expense	185	159	150	46	36
Earnings From Continuing Operations	264	308	295	66	83
Minority Interest in Earnings	-	-7	-	-	-
Net Income	264	301	295	66	83
Net Income to Common	264	301	295	66	83
Net Income Growth	-12.29%	2.03%	346.97%	-20.48%	-41.55%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	1.62%	0.47%	0.66%	0.21%	0.54%
EPS (Basic)	40.67	47.13	46.60	10.49	13.24
EPS (Diluted)	40.67	47.13	44.64	10.46	13.24
EPS Growth	-13.71%	5.58%	326.77%	-21.01%	-41.67%
Free Cash Flow	364	410	215	-308	-453
Free Cash Flow Per Share	56.08	64.19	33.82	-48.76	-71.87
Dividend Per Share	-	19.000	14.000	4.000	5.000
Dividend Growth	-	35.71%	250.00%	-20.00%	-28.57%
Gross Margin	31.91%	32.07%	30.92%	25.09%	30.24%
Operating Margin	7.04%	7.42%	6.32%	2.69%	2.44%
Profit Margin	3.54%	4.60%	4.95%	1.18%	1.82%
Free Cash Flow Margin	4.88%	6.27%	3.61%	-5.51%	-9.94%
EBITDA	620	564	391	161	122
EBITDA Margin	8.31%	8.63%	6.56%	2.88%	2.68%
D&A For EBITDA	95	79	14	11	11
EBIT	525	485	377	150	111
EBIT Margin	7.04%	7.42%	6.32%	2.69%	2.44%
Effective Tax Rate	41.20%	34.05%	33.71%	41.07%	30.25%
Advertising Expenses	-	287	328	148	320

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