Tosei Corporation (TYO:8923)

Tosei Income Statement

Financials in millions JPY. Fiscal year is December - November.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Revenue	109,120	94,688	82,192	79,446	70,953	61,726
Revenue Growth (YoY)	16.84%	15.20%	3.46%	11.97%	14.95%	-3.46%
Cost of Revenue	65,559	54,793	46,995	49,161	45,686	41,025
Gross Profit	43,561	39,895	35,196	30,285	25,267	20,702
Selling, General & Admin	18,167	16,010	15,229	13,401	11,480	9,123
Other Operating Expenses	-121.08	925	1,481	651.91	505.15	523.37
Operating Expenses	18,046	17,565	16,710	14,053	11,985	9,646
Operating Income	25,515	22,330	18,487	16,232	13,282	11,055
Interest Expense	-2,552	-2,399	-1,745	-1,348	-1,138	-912.56
Interest & Investment Income	717	693	620.96	403.93	377.62	249.56
Other Non Operating Income (Expenses)	-0	-1	-0	-0	-0	-0
EBT Excluding Unusual Items	23,680	20,623	17,363	15,288	12,521	10,392
Merger & Restructuring Charges	-	-	-	-88.86	-20.47	-
Gain (Loss) on Sale of Assets	-	7	1.85	1.96	2.26	0.31
Other Unusual Items	-	-	-	109.42	250.37	-90.04
Pretax Income	23,680	20,630	17,365	15,311	12,754	10,303
Income Tax Expense	6,882	5,835	5,365	4,803	4,146	3,579
Earnings From Continuing Operations	16,798	14,795	12,000	10,508	8,607	6,724
Minority Interest in Earnings	-38.13	-41	-15.01	-1.1	-	-2.39
Net Income	16,760	14,754	11,985	10,507	8,607	6,721
Net Income to Common	16,760	14,754	11,985	10,507	8,607	6,721
Net Income Growth	22.10%	23.10%	14.07%	22.07%	28.06%	86.58%
Shares Outstanding (Basic)	97	97	97	96	95	94
Shares Outstanding (Diluted)	97	97	97	96	95	94
Shares Change (YoY)	0.30%	0.19%	1.19%	0.93%	0.54%	-0.47%
EPS (Basic)	172.84	152.17	123.72	109.87	90.83	71.28
EPS (Diluted)	172.30	151.88	123.61	109.66	90.67	71.18
EPS Growth	21.73%	22.86%	12.73%	20.95%	27.37%	87.48%
Free Cash Flow	2,004	-1,897	-13,240	5,314	-286.18	0.51
Free Cash Flow Per Share	20.60	-19.53	-136.56	55.46	-3.02	0.01
Dividend Per Share	50.000	50.000	39.500	33.000	25.500	19.000
Dividend Growth	26.58%	26.58%	19.70%	29.41%	34.21%	100.00%
Gross Margin	39.92%	42.13%	42.82%	38.12%	35.61%	33.54%
Operating Margin	23.38%	23.58%	22.49%	20.43%	18.72%	17.91%
Profit Margin	15.36%	15.58%	14.58%	13.23%	12.13%	10.89%
Free Cash Flow Margin	1.84%	-2.00%	-16.11%	6.69%	-0.40%	0.00%
EBITDA	27,141	24,005	20,023	17,741	14,814	12,494
EBITDA Margin	24.87%	25.35%	24.36%	22.33%	20.88%	20.24%
D&A For EBITDA	1,626	1,675	1,537	1,509	1,532	1,439
EBIT	25,515	22,330	18,487	16,232	13,282	11,055
EBIT Margin	23.38%	23.58%	22.49%	20.43%	18.72%	17.91%
Effective Tax Rate	29.06%	28.28%	30.89%	31.37%	32.51%	34.74%
Advertising Expenses	-	352	394.52	322.15	241.76	193.51

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