Tosei 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	94,689	82,192	79,446	70,953	61,726
Revenue Growth (YoY)	15.20%	3.46%	11.97%	14.95%	-3.46%
Cost of Revenue	54,793	46,995	49,161	45,686	41,025
Gross Profit	39,896	35,196	30,285	25,267	20,702
Selling, General & Admin	17,654	15,229	13,401	11,480	9,123
Other Operating Expenses	-94.95	1,481	651.91	505.15	523.37
Operating Expenses	17,559	16,710	14,053	11,985	9,646
Operating Income	22,337	18,487	16,232	13,282	11,055
Interest Expense	-2,400	-1,745	-1,348	-1,138	-912.56
Interest & Investment Income	694.34	620.96	403.93	377.62	249.56
Other Non Operating Income (Expenses)	-0	-0	-0	-0	-0
EBT Excluding Unusual Items	20,631	17,363	15,288	12,521	10,392
Merger & Restructuring Charges	-	-	-88.86	-20.47	-
Gain (Loss) on Sale of Assets	-	1.85	1.96	2.26	0.31
Other Unusual Items	-	-	109.42	250.37	-90.04
Pretax Income	20,631	17,365	15,311	12,754	10,303
Income Tax Expense	5,835	5,365	4,803	4,146	3,579
Earnings From Continuing Operations	14,796	12,000	10,508	8,607	6,724
Minority Interest in Earnings	-41.13	-15.01	-1.1	-	-2.39
Net Income	14,755	11,985	10,507	8,607	6,721
Net Income to Common	14,755	11,985	10,507	8,607	6,721
Net Income Growth	23.11%	14.07%	22.07%	28.06%	86.58%
Shares Outstanding (Basic)	97	97	96	95	94
Shares Outstanding (Diluted)	97	97	96	95	94
Shares Change (YoY)	0.19%	1.19%	0.93%	0.54%	-0.47%
EPS (Basic)	152.18	123.72	109.87	90.83	71.28
EPS (Diluted)	151.88	123.61	109.66	90.67	71.18
EPS Growth	22.86%	12.73%	20.95%	27.37%	87.48%
Free Cash Flow	-1,898	-13,240	5,314	-286.18	0.51
Free Cash Flow Per Share	-19.53	-136.56	55.46	-3.02	0.01
Dividend Per Share	50.000	39.500	33.000	25.500	19.000
Dividend Growth	26.58%	19.70%	29.41%	34.21%	100.00%
Gross Margin	42.13%	42.82%	38.12%	35.61%	33.54%
Operating Margin	23.59%	22.49%	20.43%	18.72%	17.91%
Profit Margin	15.58%	14.58%	13.23%	12.13%	10.89%
Free Cash Flow Margin	-2.00%	-16.11%	6.69%	-0.40%	0.00%
EBITDA	24,013	20,023	17,741	14,814	12,494
EBITDA Margin	25.36%	24.36%	22.33%	20.88%	20.24%
D&A For EBITDA	1,676	1,537	1,509	1,532	1,439
EBIT	22,337	18,487	16,232	13,282	11,055
EBIT Margin	23.59%	22.49%	20.43%	18.72%	17.91%
Effective Tax Rate	28.28%	30.89%	31.37%	32.51%	34.74%
Advertising Expenses	-	394.52	322.15	241.76	193.51

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