Daiwa Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	16,142	16,434	16,537	15,852	37,698	33,930
Revenue Growth (YoY)	-3.42%	-0.62%	4.32%	-57.95%	11.11%	-22.30%
Cost of Revenue	7,576	7,802	8,063	7,713	29,696	26,782
Gross Profit	8,566	8,632	8,474	8,139	8,002	7,148
Selling, General & Admin	7,675	7,758	7,563	7,376	7,301	7,192
Other Operating Expenses	-	-	-	-	318	-
Operating Expenses	8,419	8,502	8,327	8,112	8,485	8,071
Operating Income	147	130	147	27	-483	-923
Interest Expense	-139	-130	-121	-117	-118	-130
Interest & Investment Income	94	74	64	65	57	57
Earnings From Equity Investments	6	4	1	-	-3	-1
Other Non Operating Income (Expenses)	99	103	222	191	293	404
EBT Excluding Unusual Items	207	181	313	166	-254	-593
Gain (Loss) on Sale of Investments	40	70	222	46	-77	-
Gain (Loss) on Sale of Assets	5	5	10	-	-	-
Asset Writedown	-3	-47	-31	-34	-3	-10
Other Unusual Items	20	20	-10	-1	65	151
Pretax Income	269	229	504	177	-269	-452
Income Tax Expense	49	37	-148	107	34	20
Earnings From Continuing Operations	220	192	652	70	-303	-472
Minority Interest in Earnings	-	-	-	-	-	60
Net Income	220	192	652	70	-303	-412
Net Income to Common	220	192	652	70	-303	-412
Net Income Growth	-39.06%	-70.55%	831.43%	-	-	-
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%
EPS (Basic)	39.22	34.23	116.23	12.48	-54.00	-73.42
EPS (Diluted)	39.22	34.23	116.23	12.48	-54.00	-73.42
EPS Growth	-39.05%	-70.55%	831.50%	-	-	-
Free Cash Flow	-	456	87	421	-921	490
Free Cash Flow Per Share	-	81.29	15.51	75.04	-164.15	87.33
Gross Margin	53.07%	52.52%	51.24%	51.34%	21.23%	21.07%
Operating Margin	0.91%	0.79%	0.89%	0.17%	-1.28%	-2.72%
Profit Margin	1.36%	1.17%	3.94%	0.44%	-0.80%	-1.21%
Free Cash Flow Margin	-	2.77%	0.53%	2.66%	-2.44%	1.44%
EBITDA	997.25	915	845	794	416	-11
EBITDA Margin	6.18%	5.57%	5.11%	5.01%	1.10%	-0.03%
D&A For EBITDA	850.25	785	698	767	899	912
EBIT	147	130	147	27	-483	-923
EBIT Margin	0.91%	0.79%	0.89%	0.17%	-1.28%	-2.72%
Effective Tax Rate	18.22%	16.16%	-	60.45%	-	-

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.