Keifuku Electric Railroad 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	14,852	14,459	14,042	13,324	11,603	10,448
Revenue Growth (YoY)	4.40%	2.97%	5.39%	14.83%	11.05%	-16.38%
Cost of Revenue	12,346	12,100	12,049	11,949	11,003	10,602
Gross Profit	2,506	2,359	1,993	1,375	600	-154
Selling, General & Admin	46	56	79	82	98	185
Operating Expenses	46	56	79	82	98	185
Operating Income	2,460	2,303	1,914	1,293	502	-339
Interest Expense	-60	-49	-44	-46	-51	-54
Interest & Investment Income	26	17	11	10	9	9
Other Non Operating Income (Expenses)	54	54	64	148	420	511
EBT Excluding Unusual Items	2,480	2,325	1,945	1,405	880	127
Gain (Loss) on Sale of Investments	-	-	-7	-9	-1	-
Gain (Loss) on Sale of Assets	34	21	7	4	-	-
Asset Writedown	-56	-67	-64	-124	-293	-665
Other Unusual Items	576	564	1,065	491	624	407
Pretax Income	3,034	2,843	2,946	1,767	1,210	-131
Income Tax Expense	987	935	696	408	479	197
Earnings From Continuing Operations	2,047	1,908	2,250	1,359	731	-328
Minority Interest in Earnings	-172	-172	-161	-136	-58	-10
Net Income	1,875	1,736	2,089	1,223	673	-338
Net Income to Common	1,875	1,736	2,089	1,223	673	-338
Net Income Growth	-3.94%	-16.90%	70.81%	81.72%	-	-
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.01%	-	-	-	-	-0.05%
EPS (Basic)	943.66	873.68	1051.33	615.50	338.70	-170.11
EPS (Diluted)	943.66	873.68	1051.33	615.50	338.70	-170.11
EPS Growth	-3.93%	-16.90%	70.81%	81.72%	-	-
Free Cash Flow	-	761	-169	954	642	653
Free Cash Flow Per Share	-	382.99	-85.05	480.12	323.10	328.64
Dividend Per Share	20.000	20.000	20.000	20.000	-	-
Gross Margin	16.87%	16.31%	14.19%	10.32%	5.17%	-1.47%
Operating Margin	16.56%	15.93%	13.63%	9.70%	4.33%	-3.25%
Profit Margin	12.63%	12.01%	14.88%	9.18%	5.80%	-3.23%
Free Cash Flow Margin	-	5.26%	-1.20%	7.16%	5.53%	6.25%
EBITDA	4,039	3,726	3,129	2,460	1,733	961
EBITDA Margin	27.20%	25.77%	22.28%	18.46%	14.94%	9.20%
D&A For EBITDA	1,579	1,423	1,215	1,167	1,231	1,300
EBIT	2,460	2,303	1,914	1,293	502	-339
EBIT Margin	16.56%	15.93%	13.63%	9.70%	4.33%	-3.25%
Effective Tax Rate	32.53%	32.89%	23.63%	23.09%	39.59%	-

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