Shigematsu Works 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	14,865	14,112	12,995	12,875	11,918	12,699
Revenue Growth (YoY)	6.70%	8.60%	0.93%	8.03%	-6.15%	9.50%
Cost of Revenue	10,335	9,682	8,992	8,790	8,216	8,610
Gross Profit	4,530	4,430	4,003	4,085	3,702	4,089
Selling, General & Admin	3,003	2,857	2,769	2,683	2,637	2,811
Research & Development	369	369	372	359	390	384
Operating Expenses	3,507	3,361	3,218	3,120	3,097	3,266
Operating Income	1,023	1,069	785	965	605	823
Interest Expense	-67	-40	-21	-19	-20	-15
Interest & Investment Income	42	32	31	29	18	16
Currency Exchange Gain (Loss)	-	-	-11	-7	-13	-
Other Non Operating Income (Expenses)	-73	36	15	57	63	34
EBT Excluding Unusual Items	925	1,097	799	1,025	653	858
Gain (Loss) on Sale of Investments	-	-	-	5	-	-
Asset Writedown	-11	-66	-3	-8	-18	-9
Other Unusual Items	-	-	-	-	169	-
Pretax Income	914	1,031	796	1,022	804	849
Income Tax Expense	216	251	212	274	215	198
Net Income	698	780	584	748	589	651
Net Income to Common	698	780	584	748	589	651
Net Income Growth	1.45%	33.56%	-21.93%	27.00%	-9.52%	145.66%
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	98.16	109.69	82.13	105.19	82.83	91.55
EPS (Diluted)	98.16	109.69	82.13	105.19	82.83	91.55
EPS Growth	1.46%	33.56%	-21.93%	27.00%	-9.52%	145.66%
Free Cash Flow	-	-1,647	399	667	27	-330
Free Cash Flow Per Share	-	-231.61	56.11	93.80	3.80	-46.41
Gross Margin	30.47%	31.39%	30.80%	31.73%	31.06%	32.20%
Operating Margin	6.88%	7.58%	6.04%	7.50%	5.08%	6.48%
Profit Margin	4.70%	5.53%	4.49%	5.81%	4.94%	5.13%
Free Cash Flow Margin	-	-11.67%	3.07%	5.18%	0.23%	-2.60%
EBITDA	1,825	1,770	1,352	1,694	1,248	1,360
EBITDA Margin	12.27%	12.54%	10.40%	13.16%	10.47%	10.71%
D&A For EBITDA	801.5	701	567	729	643	537
EBIT	1,023	1,069	785	965	605	823
EBIT Margin	6.88%	7.58%	6.04%	7.50%	5.08%	6.48%
Effective Tax Rate	23.63%	24.34%	26.63%	26.81%	26.74%	23.32%

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