Goldwin 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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Revenue	134,527	132,305	126,907	115,052	98,235	90,479	Upgrade
Revenue Growth (YoY)	4.14%	4.25%	10.30%	17.12%	8.57%	-7.58%	Upgrade
Cost of Revenue	63,685	63,379	59,734	55,016	46,491	42,487	Upgrade
Gross Profit	70,842	68,926	67,173	60,036	51,744	47,992	Upgrade
Selling, General & Admin	47,190	47,020	43,326	38,130	35,241	33,152	Upgrade
Operating Expenses	47,190	47,020	43,326	38,130	35,241	33,152	Upgrade
Operating Income	23,652	21,906	23,847	21,906	16,503	14,840	Upgrade
Interest Expense	-54	-38	-36	-42	-83	-129	Upgrade
Interest & Investment Income	150	137	122	96	84	78	Upgrade
Earnings From Equity Investments	5,847	8,446	8,477	5,891	3,669	1,238	Upgrade
Other Non Operating Income (Expenses)	387	354	190	229	111	-44	Upgrade
EBT Excluding Unusual Items	30,006	30,805	32,600	28,080	20,284	15,983	Upgrade
Gain (Loss) on Sale of Investments	-1,307	-1,122	368	4	51	-245	Upgrade
Gain (Loss) on Sale of Assets	1,413	1,118	-38	-95	-6	15	Upgrade
Asset Writedown	-161	-161	-31	-66	-180	-147	Upgrade
Other Unusual Items	-256	-423	-348	-33	-20	-50	Upgrade
Pretax Income	29,659	30,217	32,551	27,890	20,129	15,556	Upgrade
Income Tax Expense	6,285	5,765	8,204	6,861	5,717	4,766	Upgrade
Earnings From Continuing Operations	23,374	24,452	24,347	21,029	14,412	10,790	Upgrade
Minority Interest in Earnings	3	-8	-66	-52	-62	-56	Upgrade
Net Income	23,377	24,444	24,281	20,977	14,350	10,734	Upgrade
Net Income to Common	23,377	24,444	24,281	20,977	14,350	10,734	Upgrade
Net Income Growth	-5.83%	0.67%	15.75%	46.18%	33.69%	-0.33%	Upgrade
Shares Outstanding (Basic)	135	134	135	135	136	136	Upgrade
Shares Outstanding (Diluted)	135	134	135	135	136	136	Upgrade
Shares Change (YoY)	0.36%	-0.60%	-0.01%	-0.71%	0.02%	0.19%	Upgrade
EPS (Basic)	172.58	181.99	179.70	155.23	105.43	78.88	Upgrade
EPS (Diluted)	172.58	181.99	179.70	155.23	105.43	78.88	Upgrade
EPS Growth	-6.17%	1.28%	15.76%	47.23%	33.66%	-0.53%	Upgrade
Free Cash Flow	21,439	22,430	16,557	18,452	16,327	4,206	Upgrade
Free Cash Flow Per Share	158.28	166.99	122.53	136.54	119.95	30.91	Upgrade
Dividend Per Share	66.667	54.333	50.667	36.667	28.333	20.000	Upgrade
Dividend Growth	23.46%	7.24%	38.18%	29.41%	41.67%	-	Upgrade
Gross Margin	52.66%	52.10%	52.93%	52.18%	52.67%	53.04%	Upgrade
Operating Margin	17.58%	16.56%	18.79%	19.04%	16.80%	16.40%	Upgrade
Profit Margin	17.38%	18.48%	19.13%	18.23%	14.61%	11.86%	Upgrade
Free Cash Flow Margin	15.94%	16.95%	13.05%	16.04%	16.62%	4.65%	Upgrade
EBITDA	25,976	24,205	25,893	23,668	18,149	16,509	Upgrade
EBITDA Margin	19.31%	18.30%	20.40%	20.57%	18.48%	18.25%	Upgrade
D&A For EBITDA	2,324	2,299	2,046	1,762	1,646	1,669	Upgrade
EBIT	23,652	21,906	23,847	21,906	16,503	14,840	Upgrade
EBIT Margin	17.58%	16.56%	18.79%	19.04%	16.80%	16.40%	Upgrade
Effective Tax Rate	21.19%	19.08%	25.20%	24.60%	28.40%	30.64%	Upgrade
Advertising Expenses	-	6,287	6,123	5,650	4,836	4,743	Upgrade

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