Shoei Income Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	2016 - 2020
Revenue	32,363	35,790	33,616	28,953	23,752	Upgrade
Revenue Growth (YoY)	-9.57%	6.47%	16.11%	21.90%	21.94%	Upgrade
Cost of Revenue	17,340	19,675	18,314	15,777	13,652	Upgrade
Gross Profit	15,023	16,115	15,302	13,176	10,100	Upgrade
Selling, General & Admin	5,882	5,546	5,266	4,626	3,909	Upgrade
Operating Expenses	6,124	5,785	5,476	4,794	4,075	Upgrade
Operating Income	8,899	10,330	9,826	8,382	6,025	Upgrade
Interest Expense	-21	-23	-8	-7	-6	Upgrade
Interest & Investment Income	22	8	8	2	-	Upgrade
Currency Exchange Gain (Loss)	-38	164	-6	99	54	Upgrade
Other Non Operating Income (Expenses)	38	23	37	27	19	Upgrade
EBT Excluding Unusual Items	8,900	10,502	9,857	8,503	6,092	Upgrade
Gain (Loss) on Sale of Assets	-	-	1	-1	1	Upgrade
Asset Writedown	-17	-29	-	-	-	Upgrade
Pretax Income	8,883	10,473	9,858	8,502	6,093	Upgrade
Income Tax Expense	2,565	3,096	2,790	2,484	1,686	Upgrade
Net Income	6,318	7,377	7,068	6,018	4,407	Upgrade
Net Income to Common	6,318	7,377	7,068	6,018	4,407	Upgrade
Net Income Growth	-14.36%	4.37%	17.45%	36.55%	31.63%	Upgrade
Shares Outstanding (Basic)	53	53	54	54	54	Upgrade
Shares Outstanding (Diluted)	53	53	54	54	54	Upgrade
Shares Change (YoY)	-0.34%	-1.72%	0.02%	-0.07%	-0.69%	Upgrade
EPS (Basic)	120.21	139.89	131.72	112.18	82.09	Upgrade
EPS (Diluted)	120.21	139.89	131.72	112.18	82.09	Upgrade
EPS Growth	-14.06%	6.20%	17.43%	36.65%	32.54%	Upgrade
Free Cash Flow	8,442	6,564	4,117	4,389	4,046	Upgrade
Free Cash Flow Per Share	160.63	124.47	76.73	81.81	75.37	Upgrade
Dividend Per Share	60.000	70.000	66.000	56.000	41.000	Upgrade
Dividend Growth	-14.29%	6.06%	17.86%	36.59%	32.26%	Upgrade
Gross Margin	46.42%	45.03%	45.52%	45.51%	42.52%	Upgrade
Operating Margin	27.50%	28.86%	29.23%	28.95%	25.37%	Upgrade
Profit Margin	19.52%	20.61%	21.03%	20.79%	18.55%	Upgrade
Free Cash Flow Margin	26.09%	18.34%	12.25%	15.16%	17.03%	Upgrade
EBITDA	10,363	12,067	11,312	9,396	7,116	Upgrade
EBITDA Margin	32.02%	33.72%	33.65%	32.45%	29.96%	Upgrade
D&A For EBITDA	1,464	1,737	1,486	1,014	1,091	Upgrade
EBIT	8,899	10,330	9,826	8,382	6,025	Upgrade
EBIT Margin	27.50%	28.86%	29.23%	28.95%	25.37%	Upgrade
Effective Tax Rate	28.88%	29.56%	28.30%	29.22%	27.67%	Upgrade
Advertising Expenses	1,297	1,150	1,079	995	802	Upgrade

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