AZ-COM MARUWA Holdings 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	225,644	208,370	198,554	177,829	133,000	112,113
Revenue Growth (YoY)	9.50%	4.94%	11.65%	33.71%	18.63%	14.00%
Cost of Revenue	203,306	186,957	175,259	158,131	118,590	98,750
Gross Profit	22,338	21,413	23,295	19,698	14,410	13,363
Selling, General & Admin	10,156	10,425	9,446	8,335	5,761	5,344
Operating Expenses	10,174	10,443	9,449	8,335	5,761	5,347
Operating Income	12,164	10,970	13,846	11,363	8,649	8,016
Interest Expense	-347	-137	-71	-49	-14	-75
Interest & Investment Income	479	470	419	333	343	162
Other Non Operating Income (Expenses)	329	295	255	241	175	158
EBT Excluding Unusual Items	12,645	11,598	14,449	11,888	9,153	8,261
Gain (Loss) on Sale of Investments	77	299	-	269	2	-
Gain (Loss) on Sale of Assets	96	47	99	60	-16	-
Asset Writedown	-	-	-	-3	-	-
Other Unusual Items	-	-	-	-1	-	-
Pretax Income	12,818	11,944	14,548	12,213	9,139	8,261
Income Tax Expense	4,592	4,310	5,074	4,148	3,014	2,725
Earnings From Continuing Operations	8,226	7,634	9,474	8,065	6,125	5,536
Minority Interest in Earnings	-328	-350	-355	-285	-	-
Net Income	7,898	7,284	9,119	7,780	6,125	5,536
Net Income to Common	7,898	7,284	9,119	7,780	6,125	5,536
Net Income Growth	3.36%	-20.12%	17.21%	27.02%	10.64%	14.90%
Shares Outstanding (Basic)	135	135	129	126	126	127
Shares Outstanding (Diluted)	139	142	136	133	137	131
Shares Change (YoY)	-2.82%	4.47%	2.16%	-2.65%	4.71%	1.55%
EPS (Basic)	58.65	54.06	70.88	61.85	48.72	43.60
EPS (Diluted)	55.83	50.16	65.89	57.26	44.77	42.37
EPS Growth	6.44%	-23.87%	15.07%	27.89%	5.66%	13.15%
Free Cash Flow	-	185	5,755	2,578	5,253	4,786
Free Cash Flow Per Share	-	1.30	42.30	19.36	38.40	36.63
Dividend Per Share	32.000	32.000	30.000	23.500	19.000	-
Dividend Growth	3.23%	6.67%	27.66%	23.68%	-	-
Gross Margin	9.90%	10.28%	11.73%	11.08%	10.84%	11.92%
Operating Margin	5.39%	5.27%	6.97%	6.39%	6.50%	7.15%
Profit Margin	3.50%	3.50%	4.59%	4.38%	4.61%	4.94%
Free Cash Flow Margin	-	0.09%	2.90%	1.45%	3.95%	4.27%
EBITDA	15,862	14,343	16,786	13,873	10,371	9,652
EBITDA Margin	7.03%	6.88%	8.45%	7.80%	7.80%	8.61%
D&A For EBITDA	3,698	3,373	2,940	2,510	1,722	1,636
EBIT	12,164	10,970	13,846	11,363	8,649	8,016
EBIT Margin	5.39%	5.27%	6.97%	6.39%	6.50%	7.15%
Effective Tax Rate	35.83%	36.09%	34.88%	33.96%	32.98%	32.99%

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