Maezawa Kasei Industries Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	24,914	24,166	23,925	23,495	21,879	20,985
Revenue Growth (YoY)	4.36%	1.01%	1.83%	7.39%	4.26%	-5.88%
Cost of Revenue	15,818	15,393	15,648	15,185	14,550	14,232
Gross Profit	9,096	8,773	8,277	8,310	7,329	6,753
Selling, General & Admin	6,778	6,607	6,504	6,362	5,986	5,823
Operating Expenses	6,778	6,607	6,504	6,362	5,986	5,823
Operating Income	2,318	2,166	1,773	1,948	1,343	930
Interest Expense	-6	-5	-5	-6	-5	-5
Interest & Investment Income	297	207	163	141	150	175
Other Non Operating Income (Expenses)	136	139	141	142	140	131
EBT Excluding Unusual Items	2,745	2,507	2,072	2,225	1,628	1,231
Gain (Loss) on Sale of Investments	203	114	27	-	151	-
Gain (Loss) on Sale of Assets	-	1	2	2	-	3
Asset Writedown	-5	-2	-7	-21	-399	-9
Other Unusual Items	-1	-1	-3	-32	-9	-3
Pretax Income	2,942	2,619	2,091	2,174	1,371	1,222
Income Tax Expense	987	895	723	707	574	467
Earnings From Continuing Operations	1,955	1,724	1,368	1,467	797	755
Minority Interest in Earnings	-9	-10	-6	-5	-	-
Net Income	1,946	1,714	1,362	1,462	797	755
Net Income to Common	1,946	1,714	1,362	1,462	797	755
Net Income Growth	17.23%	25.84%	-6.84%	83.44%	5.56%	11.19%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
Shares Change (YoY)	0.09%	0.04%	0.07%	0.00%	0.03%	-0.32%
EPS (Basic)	131.09	115.50	91.82	98.63	53.77	50.95
EPS (Diluted)	131.09	115.50	91.82	98.63	53.77	50.95
EPS Growth	17.19%	25.79%	-6.91%	83.43%	5.54%	11.55%
Free Cash Flow	-	1,068	2,001	1,048	1,109	1,660
Free Cash Flow Per Share	-	71.97	134.90	70.70	74.82	112.02
Dividend Per Share	74.000	69.000	50.000	50.000	50.000	35.000
Dividend Growth	34.54%	38.00%	-	-	42.86%	16.67%
Gross Margin	-	36.30%	34.60%	35.37%	33.50%	32.18%
Operating Margin	9.30%	8.96%	7.41%	8.29%	6.14%	4.43%
Profit Margin	7.81%	7.09%	5.69%	6.22%	3.64%	3.60%
Free Cash Flow Margin	-	4.42%	8.36%	4.46%	5.07%	7.91%
EBITDA	3,343	3,195	2,808	3,079	2,432	2,194
EBITDA Margin	-	13.22%	11.74%	13.11%	11.12%	10.46%
D&A For EBITDA	1,025	1,029	1,035	1,131	1,089	1,264
EBIT	2,318	2,166	1,773	1,948	1,343	930
EBIT Margin	-	8.96%	7.41%	8.29%	6.14%	4.43%
Effective Tax Rate	-	34.17%	34.58%	32.52%	41.87%	38.22%

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