Nankai Electric Railway 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
Period Ending	Dec '25 Dec 31, 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
Revenue	269,065	260,787	241,594	221,280	201,793	190,813
Revenue Growth (YoY)	9.99%	7.94%	9.18%	9.66%	5.75%	-16.32%
Cost of Revenue	220,553	218,109	203,705	193,533	182,932	178,453
Gross Profit	48,512	42,678	37,889	27,747	18,861	12,360
Selling, General & Admin	8,891	8,022	7,068	6,723	6,670	6,807
Operating Expenses	8,891	8,022	7,068	6,723	6,670	6,807
Operating Income	39,621	34,656	30,821	21,024	12,191	5,553
Interest Expense	-3,901	-3,232	-3,300	-3,494	-3,817	-4,149
Interest & Investment Income	1,840	3,828	1,218	1,028	810	756
Other Non Operating Income (Expenses)	539	319	572	406	745	-306
EBT Excluding Unusual Items	38,099	35,571	29,311	18,964	9,929	1,854
Gain (Loss) on Sale of Assets	68	68	7,274	548	-	-
Asset Writedown	-11,030	-11,030	-1,379	-1,938	-24,211	-2,503
Other Unusual Items	11,052	9,626	-1,414	1,799	22,465	-548
Pretax Income	38,189	34,235	33,792	19,373	8,183	-1,197
Income Tax Expense	12,385	10,741	9,235	3,996	3,630	338
Earnings From Continuing Operations	25,804	23,494	24,557	15,377	4,553	-1,535
Minority Interest in Earnings	-1,260	-998	-631	-754	-532	-326
Net Income	24,544	22,496	23,926	14,623	4,021	-1,861
Net Income to Common	24,544	22,496	23,926	14,623	4,021	-1,861
Net Income Growth	10.40%	-5.98%	63.62%	263.67%	-	-
Shares Outstanding (Basic)	109	113	113	113	113	113
Shares Outstanding (Diluted)	109	113	113	113	113	113
Shares Change (YoY)	-4.18%	-0.00%	-0.01%	-0.02%	0.00%	-0.02%
EPS (Basic)	219.77	198.68	211.30	129.12	35.50	-16.43
EPS (Diluted)	219.77	198.68	211.30	129.12	35.50	-16.43
EPS Growth	11.93%	-5.97%	63.64%	263.75%	-	-
Free Cash Flow	-	7,469	31,830	6,138	18,642	-15,418
Free Cash Flow Per Share	-	65.96	281.11	54.20	164.57	-136.12
Dividend Per Share	47.500	40.000	35.000	25.000	25.000	25.000
Dividend Growth	-9.52%	14.29%	40.00%	-	-	-23.08%
Gross Margin	-	16.36%	15.68%	12.54%	9.35%	6.48%
Operating Margin	14.72%	13.29%	12.76%	9.50%	6.04%	2.91%
Profit Margin	9.12%	8.63%	9.90%	6.61%	1.99%	-0.97%
Free Cash Flow Margin	-	2.86%	13.18%	2.77%	9.24%	-8.08%
EBITDA	68,854	63,235	58,528	48,873	41,012	35,258
EBITDA Margin	-	24.25%	24.23%	22.09%	20.32%	18.48%
D&A For EBITDA	29,233	28,579	27,707	27,849	28,821	29,705
EBIT	39,621	34,656	30,821	21,024	12,191	5,553
EBIT Margin	-	13.29%	12.76%	9.50%	6.04%	2.91%
Effective Tax Rate	-	31.37%	27.33%	20.63%	44.36%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.