Heiwado 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	2016 - 2020
Period Ending	Nov '25 Nov 20, 2025	Feb '25 Feb 20, 2025	Feb '24 Feb 20, 2024	Feb '23 Feb 20, 2023	Feb '22 Feb 20, 2022	Feb '21 Feb 20, 2021	2016 - 2020
Operating Revenue	434,916	425,025	406,828	397,402	426,463	426,277	Upgrade
Other Revenue	19,871	19,873	18,596	18,273	13,277	13,049	Upgrade
Revenue	454,787	444,898	425,424	415,675	439,740	439,326	Upgrade
Revenue Growth (YoY)	3.62%	4.58%	2.34%	-5.47%	0.09%	1.31%	Upgrade
Cost of Revenue	289,810	283,644	270,536	265,501	289,629	290,098	Upgrade
Gross Profit	164,977	161,254	154,888	150,174	150,111	149,228	Upgrade
Selling, General & Admin	138,222	134,657	129,141	127,384	122,843	123,539	Upgrade
Amortization of Goodwill & Intangibles	66	66	66	66	66	66	Upgrade
Operating Expenses	151,458	147,893	141,705	138,945	134,748	135,189	Upgrade
Operating Income	13,519	13,361	13,183	11,229	15,363	14,039	Upgrade
Interest Expense	-106	-68	-34	-27	-26	-37	Upgrade
Interest & Investment Income	251	272	291	389	364	370	Upgrade
Currency Exchange Gain (Loss)	2	2	20	424	-	-5	Upgrade
Other Non Operating Income (Expenses)	1,029	1,071	1,021	1,054	1,250	686	Upgrade
EBT Excluding Unusual Items	14,695	14,638	14,481	13,069	16,951	15,053	Upgrade
Gain (Loss) on Sale of Investments	939	1,082	25	637	-	440	Upgrade
Gain (Loss) on Sale of Assets	57	57	11	124	3	10	Upgrade
Asset Writedown	-1,122	-1,022	-2,549	-1,721	-1,414	-931	Upgrade
Other Unusual Items	446	462	-1,440	-197	311	-238	Upgrade
Pretax Income	15,030	15,217	10,528	11,912	15,851	14,334	Upgrade
Income Tax Expense	4,915	4,384	3,670	4,416	5,156	4,623	Upgrade
Earnings From Continuing Operations	10,115	10,833	6,858	7,496	10,695	9,711	Upgrade
Minority Interest in Earnings	-93	-106	-74	20	-48	13	Upgrade
Net Income	10,022	10,727	6,784	7,516	10,647	9,724	Upgrade
Net Income to Common	10,022	10,727	6,784	7,516	10,647	9,724	Upgrade
Net Income Growth	25.40%	58.12%	-9.74%	-29.41%	9.49%	59.38%	Upgrade
Shares Outstanding (Basic)	50	51	52	52	52	52	Upgrade
Shares Outstanding (Diluted)	50	51	52	52	52	52	Upgrade
Shares Change (YoY)	-1.86%	-2.17%	-0.00%	-	-	-0.00%	Upgrade
EPS (Basic)	200.45	209.07	129.35	143.30	203.00	185.40	Upgrade
EPS (Diluted)	200.45	209.07	129.35	143.30	203.00	185.40	Upgrade
EPS Growth	29.82%	61.63%	-9.74%	-29.41%	9.49%	59.39%	Upgrade
Free Cash Flow	-	6,797	3,437	1,012	11,748	18,557	Upgrade
Free Cash Flow Per Share	-	132.47	65.53	19.30	223.99	353.81	Upgrade
Dividend Per Share	66.000	63.000	42.000	42.000	42.000	38.000	Upgrade
Dividend Growth	24.53%	50.00%	-	-	10.53%	8.57%	Upgrade
Gross Margin	36.28%	36.24%	36.41%	36.13%	34.14%	33.97%	Upgrade
Operating Margin	2.97%	3.00%	3.10%	2.70%	3.49%	3.20%	Upgrade
Profit Margin	2.20%	2.41%	1.59%	1.81%	2.42%	2.21%	Upgrade
Free Cash Flow Margin	-	1.53%	0.81%	0.24%	2.67%	4.22%	Upgrade
EBITDA	-	26,597	25,672	22,740	27,271	25,747	Upgrade
EBITDA Margin	-	5.98%	6.03%	5.47%	6.20%	5.86%	Upgrade
D&A For EBITDA	13,796	13,236	12,489	11,511	11,908	11,708	Upgrade
EBIT	13,519	13,361	13,183	11,229	15,363	14,039	Upgrade
EBIT Margin	2.97%	3.00%	3.10%	2.70%	3.49%	3.19%	Upgrade
Effective Tax Rate	32.70%	28.81%	34.86%	37.07%	32.53%	32.25%	Upgrade

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