Kokuyo Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	368,491	359,876	338,227	328,753	300,929	320,170
Revenue Growth (YoY)	7.86%	6.40%	2.88%	9.25%	-6.01%	6.49%
Cost of Revenue	221,123	215,407	205,306	201,360	184,258	204,462
Gross Profit	147,368	144,469	132,921	127,393	116,671	115,708
Selling, General & Admin	120,750	118,222	110,892	103,561	97,350	95,703
Operating Expenses	120,699	118,171	110,888	103,555	97,337	95,690
Operating Income	26,669	26,298	22,033	23,838	19,334	20,018
Interest Expense	-151	-155	-219	-194	-183	-174
Interest & Investment Income	829	791	1,208	916	866	847
Earnings From Equity Investments	292	271	237	223	570	-5,202
Currency Exchange Gain (Loss)	1,005	104	956	452	162	999
Other Non Operating Income (Expenses)	408	255	278	811	796	240
EBT Excluding Unusual Items	29,052	27,564	24,493	26,046	21,545	16,728
Gain (Loss) on Sale of Investments	2,306	3,695	10,186	1,930	1,861	2,650
Gain (Loss) on Sale of Assets	741	711	4,783	25	198	2,555
Asset Writedown	-236	-236	-5,229	-112	-30	-5
Other Unusual Items	-476	-520	-104	-97	-210	-129
Pretax Income	31,387	31,214	34,129	27,792	23,364	21,799
Income Tax Expense	9,582	9,502	12,200	8,517	4,805	7,993
Earnings From Continuing Operations	21,805	21,712	21,929	19,275	18,559	13,806
Minority Interest in Earnings	-253	-239	-142	-206	-184	-103
Net Income	21,552	21,473	21,787	19,069	18,375	13,703
Net Income to Common	21,552	21,473	21,787	19,069	18,375	13,703
Net Income Growth	8.73%	-1.44%	14.25%	3.78%	34.09%	65.16%
Shares Outstanding (Basic)	430	445	454	461	462	469
Shares Outstanding (Diluted)	430	445	454	461	462	469
Shares Change (YoY)	-5.08%	-1.97%	-1.54%	-0.37%	-1.52%	-0.80%
EPS (Basic)	49.11	48.30	48.04	41.40	39.74	29.19
EPS (Diluted)	49.11	48.30	48.04	41.40	39.74	29.19
EPS Growth	12.31%	0.54%	16.04%	4.16%	36.16%	66.48%
Free Cash Flow	2,788	7,910	12,065	30,366	6,314	17,801
Free Cash Flow Per Share	6.48	17.79	26.60	65.92	13.66	37.92
Dividend Per Share	24.500	24.500	19.250	16.625	14.250	11.750
Dividend Growth	27.27%	27.27%	15.79%	16.67%	21.28%	20.51%
Gross Margin	-	40.14%	39.30%	38.75%	38.77%	36.14%
Operating Margin	7.24%	7.31%	6.51%	7.25%	6.42%	6.25%
Profit Margin	5.85%	5.97%	6.44%	5.80%	6.11%	4.28%
Free Cash Flow Margin	0.76%	2.20%	3.57%	9.24%	2.10%	5.56%
EBITDA	35,590	34,936	30,993	31,928	26,242	26,943
EBITDA Margin	-	9.71%	9.16%	9.71%	8.72%	8.42%
D&A For EBITDA	8,921	8,638	8,960	8,090	6,908	6,925
EBIT	26,669	26,298	22,033	23,838	19,334	20,018
EBIT Margin	-	7.31%	6.51%	7.25%	6.42%	6.25%
Effective Tax Rate	-	30.44%	35.75%	30.64%	20.57%	36.67%

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