Valqua, Ltd. (TYO:7995)

Valqua Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	57,097	60,113	61,744	62,178	53,167	44,717
Revenue Growth (YoY)	-5.87%	-2.64%	-0.70%	16.95%	18.90%	-7.25%
Cost of Revenue	33,719	36,269	36,438	36,440	31,667	27,199
Gross Profit	23,378	23,844	25,306	25,738	21,500	17,518
Selling, General & Admin	15,903	16,627	16,933	15,703	13,571	13,035
Research & Development	1,547	1,547	1,270	1,157	955	1,006
Operating Expenses	17,450	18,174	18,203	16,860	14,526	14,041
Operating Income	5,928	5,670	7,103	8,878	6,974	3,477
Interest Expense	-240	-214	-191	-112	-60	-68
Interest & Investment Income	101	100	101	58	49	46
Earnings From Equity Investments	27	138	207	32	29	13
Currency Exchange Gain (Loss)	-5	200	28	19	56	19
Other Non Operating Income (Expenses)	124	105	150	153	144	185
EBT Excluding Unusual Items	5,935	5,999	7,398	9,028	7,192	3,672
Gain (Loss) on Sale of Investments	913	1,092	2	175	-	968
Gain (Loss) on Sale of Assets	42	7	-	1,097	-	5
Asset Writedown	-186	-213	-300	-257	-39	-88
Legal Settlements	42	-	-	-	-31	-54
Other Unusual Items	-675	-679	-1	-1	-1	2
Pretax Income	6,071	6,206	7,099	10,042	7,121	4,505
Income Tax Expense	821	1,484	2,150	2,806	2,085	1,356
Earnings From Continuing Operations	5,250	4,722	4,949	7,236	5,036	3,149
Minority Interest in Earnings	-21	-46	-40	-490	-195	-59
Net Income	5,229	4,676	4,909	6,746	4,841	3,090
Net Income to Common	5,229	4,676	4,909	6,746	4,841	3,090
Net Income Growth	24.23%	-4.75%	-27.23%	39.35%	56.67%	5.89%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	0.11%	0.15%	-0.64%	0.04%	0.22%	0.22%
EPS (Basic)	297.08	265.77	279.44	381.56	273.94	175.24
EPS (Diluted)	297.08	265.77	279.44	381.56	273.94	175.24
EPS Growth	24.10%	-4.89%	-26.76%	39.29%	56.32%	5.66%
Free Cash Flow	-871	-1,559	-2,104	2,056	2,514	1,646
Free Cash Flow Per Share	-49.48	-88.61	-119.77	116.29	142.26	93.35
Dividend Per Share	150.000	150.000	150.000	150.000	125.000	95.000
Dividend Growth	-33.33%	-	-	20.00%	31.58%	-5.00%
Gross Margin	40.94%	39.66%	40.98%	41.39%	40.44%	39.17%
Operating Margin	10.38%	9.43%	11.50%	14.28%	13.12%	7.78%
Profit Margin	9.16%	7.78%	7.95%	10.85%	9.11%	6.91%
Free Cash Flow Margin	-1.52%	-2.59%	-3.41%	3.31%	4.73%	3.68%
EBITDA	8,729	8,474	9,715	11,551	9,473	5,943
EBITDA Margin	15.29%	14.10%	15.73%	18.58%	17.82%	13.29%
D&A For EBITDA	2,801	2,804	2,612	2,673	2,499	2,466
EBIT	5,928	5,670	7,103	8,878	6,974	3,477
EBIT Margin	10.38%	9.43%	11.50%	14.28%	13.12%	7.78%
Effective Tax Rate	13.52%	23.91%	30.29%	27.94%	29.28%	30.10%

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