Paragon 28 Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	344,448	338,227	328,753	300,929	320,170	300,644	Upgrade
Revenue Growth (YoY)	3.17%	2.88%	9.25%	-6.01%	6.49%	-6.11%	Upgrade
Cost of Revenue	207,266	205,306	201,360	184,258	204,462	193,257	Upgrade
Gross Profit	137,182	132,921	127,393	116,671	115,708	107,387	Upgrade
Selling, General & Admin	113,397	110,892	103,561	97,350	95,703	92,579	Upgrade
Operating Expenses	113,393	110,888	103,555	97,337	95,690	92,579	Upgrade
Operating Income	23,789	22,033	23,838	19,334	20,018	14,808	Upgrade
Interest Expense	-178	-219	-194	-183	-174	-213	Upgrade
Interest & Investment Income	1,022	1,208	916	866	847	762	Upgrade
Earnings From Equity Investments	212	237	223	570	-5,202	-1,604	Upgrade
Currency Exchange Gain (Loss)	-981	956	452	162	999	19	Upgrade
Other Non Operating Income (Expenses)	99	278	811	796	240	478	Upgrade
EBT Excluding Unusual Items	23,963	24,493	26,046	21,545	16,728	14,250	Upgrade
Gain (Loss) on Sale of Investments	11,503	10,186	1,930	1,861	2,650	138	Upgrade
Gain (Loss) on Sale of Assets	932	4,783	25	198	2,555	448	Upgrade
Asset Writedown	-5,229	-5,229	-112	-30	-5	-2,479	Upgrade
Other Unusual Items	-54	-104	-97	-210	-129	-15	Upgrade
Pretax Income	31,115	34,129	27,792	23,364	21,799	12,342	Upgrade
Income Tax Expense	11,033	12,200	8,517	4,805	7,993	4,109	Upgrade
Earnings From Continuing Operations	20,082	21,929	19,275	18,559	13,806	8,233	Upgrade
Minority Interest in Earnings	-110	-142	-206	-184	-103	64	Upgrade
Net Income	19,972	21,787	19,069	18,375	13,703	8,297	Upgrade
Net Income to Common	19,972	21,787	19,069	18,375	13,703	8,297	Upgrade
Net Income Growth	-12.96%	14.25%	3.78%	34.09%	65.16%	-45.78%	Upgrade
Shares Outstanding (Basic)	447	454	461	462	469	473	Upgrade
Shares Outstanding (Diluted)	447	454	461	462	469	473	Upgrade
Shares Change (YoY)	-2.07%	-1.54%	-0.37%	-1.52%	-0.80%	0.03%	Upgrade
EPS (Basic)	44.13	48.04	41.40	39.74	29.19	17.53	Upgrade
EPS (Diluted)	44.13	48.04	41.40	39.74	29.19	17.53	Upgrade
EPS Growth	-12.16%	16.04%	4.16%	36.16%	66.48%	-45.80%	Upgrade
Free Cash Flow	1,511	12,065	30,366	6,314	17,801	14,902	Upgrade
Free Cash Flow Per Share	3.38	26.60	65.92	13.66	37.92	31.49	Upgrade
Dividend Per Share	21.250	19.250	16.625	14.250	11.750	9.750	Upgrade
Dividend Growth	18.06%	15.79%	16.67%	21.28%	20.51%	-	Upgrade
Gross Margin	-	39.30%	38.75%	38.77%	36.14%	35.72%	Upgrade
Operating Margin	6.91%	6.51%	7.25%	6.42%	6.25%	4.92%	Upgrade
Profit Margin	5.80%	6.44%	5.80%	6.11%	4.28%	2.76%	Upgrade
Free Cash Flow Margin	0.44%	3.57%	9.24%	2.10%	5.56%	4.96%	Upgrade
EBITDA	32,348	30,993	31,928	26,242	26,943	20,954	Upgrade
EBITDA Margin	-	9.16%	9.71%	8.72%	8.42%	6.97%	Upgrade
D&A For EBITDA	8,559	8,960	8,090	6,908	6,925	6,146	Upgrade
EBIT	23,789	22,033	23,838	19,334	20,018	14,808	Upgrade
EBIT Margin	-	6.51%	7.25%	6.42%	6.25%	4.92%	Upgrade
Effective Tax Rate	-	35.75%	30.64%	20.57%	36.67%	33.29%	Upgrade

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