Nakabayashi Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	61,598	62,767	61,043	61,581	63,118
Revenue Growth (YoY)	-1.86%	2.82%	-0.87%	-2.44%	-0.83%
Cost of Revenue	45,345	47,130	46,327	46,737	46,802
Gross Profit	16,253	15,637	14,716	14,844	16,316
Selling, General & Admin	13,080	13,552	13,956	14,112	14,210
Operating Expenses	13,376	13,849	14,252	14,387	14,496
Operating Income	2,877	1,788	464	457	1,820
Interest Expense	-101	-94	-85	-70	-66
Interest & Investment Income	98	93	87	80	65
Currency Exchange Gain (Loss)	-	-29	-	-	-
Other Non Operating Income (Expenses)	345	456	536	471	516
EBT Excluding Unusual Items	3,219	2,214	1,002	938	2,335
Gain (Loss) on Sale of Investments	379	-15	475	-110	26
Gain (Loss) on Sale of Assets	38	149	229	1	315
Asset Writedown	-1,446	-74	-144	-111	-15
Other Unusual Items	1	38	-1	-1,003	-611
Pretax Income	2,191	2,312	1,561	-285	2,050
Income Tax Expense	752	333	684	206	849
Earnings From Continuing Operations	1,439	1,979	877	-491	1,201
Minority Interest in Earnings	495	16	-1	-175	-183
Net Income	1,934	1,995	876	-666	1,018
Net Income to Common	1,934	1,995	876	-666	1,018
Net Income Growth	-3.06%	127.74%	-	-	-34.41%
Shares Outstanding (Basic)	27	27	27	27	26
Shares Outstanding (Diluted)	27	27	27	27	26
Shares Change (YoY)	-0.43%	0.11%	0.11%	5.60%	0.60%
EPS (Basic)	70.74	72.66	31.94	-24.31	39.24
EPS (Diluted)	70.74	72.66	31.94	-24.31	39.24
EPS Growth	-2.64%	127.49%	-	-	-34.80%
Free Cash Flow	2,670	1,946	-341	-1,509	1,041
Free Cash Flow Per Share	97.66	70.87	-12.43	-55.08	40.13
Dividend Per Share	-	22.000	22.000	12.000	22.000
Dividend Growth	-	-	83.33%	-45.45%	-
Gross Margin	26.39%	24.91%	24.11%	24.10%	25.85%
Operating Margin	4.67%	2.85%	0.76%	0.74%	2.88%
Profit Margin	3.14%	3.18%	1.44%	-1.08%	1.61%
Free Cash Flow Margin	4.33%	3.10%	-0.56%	-2.45%	1.65%
EBITDA	4,372	3,401	2,238	2,322	3,632
EBITDA Margin	7.10%	5.42%	3.67%	3.77%	5.75%
D&A For EBITDA	1,495	1,613	1,774	1,865	1,812
EBIT	2,877	1,788	464	457	1,820
EBIT Margin	4.67%	2.85%	0.76%	0.74%	2.88%
Effective Tax Rate	34.32%	14.40%	43.82%	-	41.41%
Advertising Expenses	929	871	922	918	893

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