Marufuji Sheet Piling Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	38,885	35,585	34,543	35,104	31,876	32,695
Revenue Growth (YoY)	9.98%	3.02%	-1.60%	10.13%	-2.50%	-4.93%
Cost of Revenue	31,235	29,124	28,411	29,594	27,141	27,517
Gross Profit	7,650	6,461	6,132	5,510	4,735	5,178
Selling, General & Admin	5,456	4,869	4,696	4,361	4,175	4,234
Research & Development	12	12	25	19	-	-
Operating Expenses	5,468	4,881	4,721	4,447	4,175	4,234
Operating Income	2,182	1,580	1,411	1,063	560	944
Interest Expense	-5	-4	-8	-15	-23	-28
Interest & Investment Income	87	64	45	41	47	39
Other Non Operating Income (Expenses)	481	449	477	459	380	216
EBT Excluding Unusual Items	2,745	2,089	1,925	1,548	964	1,171
Gain (Loss) on Sale of Investments	114	89	97	28	163	18
Gain (Loss) on Sale of Assets	-7	1	2	22	37	62
Asset Writedown	-	-	-	-	-	-2
Other Unusual Items	2	-6	-18	-	-31	-199
Pretax Income	2,854	2,173	2,006	1,598	1,133	1,050
Income Tax Expense	834	639	634	560	384	352
Net Income	2,020	1,534	1,372	1,038	749	698
Net Income to Common	2,020	1,534	1,372	1,038	749	698
Net Income Growth	60.06%	11.81%	32.18%	38.59%	7.31%	-36.78%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	564.42	428.61	383.35	290.03	209.28	195.03
EPS (Diluted)	564.42	428.61	383.35	290.03	209.28	195.03
EPS Growth	60.07%	11.81%	32.18%	38.59%	7.31%	-36.78%
Free Cash Flow	-	397	2,724	497	1,345	2,033
Free Cash Flow Per Share	-	110.92	761.11	138.87	375.80	568.04
Dividend Per Share	130.000	130.000	110.000	90.000	80.000	80.000
Dividend Growth	18.18%	18.18%	22.22%	12.50%	-	-11.11%
Gross Margin	19.67%	18.16%	17.75%	15.70%	14.85%	15.84%
Operating Margin	5.61%	4.44%	4.08%	3.03%	1.76%	2.89%
Profit Margin	5.20%	4.31%	3.97%	2.96%	2.35%	2.14%
Free Cash Flow Margin	-	1.12%	7.89%	1.42%	4.22%	6.22%
EBITDA	2,639	1,991	1,761	1,376	979	1,552
EBITDA Margin	6.79%	5.59%	5.10%	3.92%	3.07%	4.75%
D&A For EBITDA	456.75	411	350	313	419	608
EBIT	2,182	1,580	1,411	1,063	560	944
EBIT Margin	5.61%	4.44%	4.08%	3.03%	1.76%	2.89%
Effective Tax Rate	29.22%	29.41%	31.61%	35.04%	33.89%	33.52%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.