Kurogane Kosakusho Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	6,342	7,203	7,180	6,920	8,373
Revenue Growth (YoY)	-11.95%	0.32%	3.76%	-17.35%	1.90%
Cost of Revenue	4,837	5,658	5,733	5,542	6,693
Gross Profit	1,505	1,545	1,447	1,378	1,680
Selling, General & Admin	1,534	1,487	1,482	1,541	1,671
Other Operating Expenses	57	49	75	51	54
Operating Expenses	1,628	1,573	1,586	1,639	1,783
Operating Income	-123	-28	-139	-261	-103
Interest Expense	-18	-15	-39	-41	-42
Interest & Investment Income	29	26	29	28	20
Earnings From Equity Investments	108	25	-17	20	19
Other Non Operating Income (Expenses)	-5	12	-13	-12	35
EBT Excluding Unusual Items	-9	20	-179	-266	-71
Gain (Loss) on Sale of Investments	563	220	90	73	105
Gain (Loss) on Sale of Assets	-	-	1,620	-5	-
Asset Writedown	-1	-	-1	-337	-
Other Unusual Items	-6	-	-146	-15	-
Pretax Income	547	240	1,384	-550	34
Income Tax Expense	145	34	170	17	37
Earnings From Continuing Operations	402	206	1,214	-567	-3
Minority Interest in Earnings	1	3	-	1	-2
Net Income	403	209	1,214	-566	-5
Net Income to Common	403	209	1,214	-566	-5
Net Income Growth	92.82%	-82.78%	-	-	-
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	-0.47%	-0.00%	-0.00%	-0.00%	-0.01%
EPS (Basic)	237.69	122.69	712.67	-332.26	-2.94
EPS (Diluted)	237.69	122.69	712.67	-332.26	-2.94
EPS Growth	93.73%	-82.78%	-	-	-
Free Cash Flow	31	-688	-439	172	256
Free Cash Flow Per Share	18.28	-403.89	-257.71	100.97	150.28
Dividend Per Share	-	20.000	-	-	-
Gross Margin	23.73%	21.45%	20.15%	19.91%	20.06%
Operating Margin	-1.94%	-0.39%	-1.94%	-3.77%	-1.23%
Profit Margin	6.35%	2.90%	16.91%	-8.18%	-0.06%
Free Cash Flow Margin	0.49%	-9.55%	-6.11%	2.49%	3.06%
EBITDA	33	110	-51	-90	100
EBITDA Margin	0.52%	1.53%	-0.71%	-1.30%	1.19%
D&A For EBITDA	156	138	88	171	203
EBIT	-123	-28	-139	-261	-103
EBIT Margin	-1.94%	-0.39%	-1.94%	-3.77%	-1.23%
Effective Tax Rate	26.51%	14.17%	12.28%	-	108.82%
Advertising Expenses	32	34	29	33	29

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