Shoei Income Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	32,804	32,363	35,790	33,616	28,953	23,752
Revenue Growth (YoY)	-3.23%	-9.57%	6.47%	16.11%	21.90%	21.94%
Cost of Revenue	17,372	17,340	19,675	18,314	15,777	13,652
Gross Profit	15,433	15,023	16,115	15,302	13,176	10,100
Selling, General & Admin	6,233	5,882	5,546	5,266	4,626	3,909
Operating Expenses	6,476	6,124	5,785	5,476	4,794	4,075
Operating Income	8,956	8,899	10,330	9,826	8,382	6,025
Interest Expense	-21.68	-21	-23	-8	-7	-6
Interest & Investment Income	31.4	22	8	8	2	-
Currency Exchange Gain (Loss)	104.54	-38	164	-6	99	54
Other Non Operating Income (Expenses)	22.74	38	23	37	27	19
EBT Excluding Unusual Items	9,093	8,900	10,502	9,857	8,503	6,092
Gain (Loss) on Sale of Assets	0.41	-	-	1	-1	1
Asset Writedown	-24.21	-17	-29	-	-	-
Legal Settlements	0.06	-	-	-	-	-
Other Unusual Items	7.23	-	-	-	-	-
Pretax Income	9,077	8,883	10,473	9,858	8,502	6,093
Income Tax Expense	2,654	2,565	3,096	2,790	2,484	1,686
Net Income	6,423	6,318	7,377	7,068	6,018	4,407
Net Income to Common	6,423	6,318	7,377	7,068	6,018	4,407
Net Income Growth	-3.83%	-14.36%	4.37%	17.45%	36.55%	31.63%
Shares Outstanding (Basic)	52	53	53	54	54	54
Shares Outstanding (Diluted)	52	53	53	54	54	54
Shares Change (YoY)	-0.54%	-0.34%	-1.72%	0.02%	-0.07%	-0.69%
EPS (Basic)	122.92	120.21	139.89	131.72	112.18	82.09
EPS (Diluted)	122.92	120.21	139.89	131.72	112.18	82.09
EPS Growth	-3.31%	-14.06%	6.20%	17.43%	36.65%	32.54%
Free Cash Flow	-	8,442	6,564	4,117	4,389	4,046
Free Cash Flow Per Share	-	160.63	124.47	76.73	81.81	75.37
Dividend Per Share	60.000	60.000	70.000	66.000	56.000	41.000
Dividend Growth	-14.29%	-14.29%	6.06%	17.86%	36.59%	32.26%
Gross Margin	47.04%	46.42%	45.03%	45.52%	45.51%	42.52%
Operating Margin	27.30%	27.50%	28.86%	29.23%	28.95%	25.37%
Profit Margin	19.58%	19.52%	20.61%	21.03%	20.79%	18.55%
Free Cash Flow Margin	-	26.09%	18.34%	12.25%	15.16%	17.03%
EBITDA	-	10,363	12,067	11,312	9,396	7,116
EBITDA Margin	-	32.02%	33.72%	33.65%	32.45%	29.96%
D&A For EBITDA	1,525	1,464	1,737	1,486	1,014	1,091
EBIT	8,956	8,899	10,330	9,826	8,382	6,025
EBIT Margin	27.30%	27.50%	28.86%	29.23%	28.95%	25.37%
Effective Tax Rate	29.24%	28.88%	29.56%	28.30%	29.22%	27.67%
Advertising Expenses	-	1,297	1,150	1,079	995	802

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