Nippon Express Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '21 Mar 31, 2021
Revenue	2,659,451	2,574,826	2,577,643	2,239,017	2,618,659	2,079,195
Revenue Growth	2.30%	-0.11%	15.12%	-14.50%	25.95%	-0.06%
Cost of Revenue	2,421,033	2,334,163	2,355,951	2,011,471	2,342,812	1,885,888
Gross Profit	238,418	240,663	221,692	227,546	275,847	193,307
Selling, General & Admin	128,674	145,769	131,803	121,452	113,722	105,228
Other Operating Expenses	18,283	20,982	10,172	15,042	7,589	-
Operating Expenses	167,104	186,898	160,881	153,791	137,466	115,206
Operating Income	71,314	53,765	60,811	73,755	138,381	78,101
Interest Expense	-11,297	-11,836	-7,665	-4,177	-1,758	-2,878
Interest & Investment Income	5,438	6,090	6,910	6,000	3,669	3,363
Earnings From Equity Investments	-2,409	-867	2,097	1,786	385	-38
Currency Exchange Gain (Loss)	-1,766	-1,766	3,772	909	4,609	-200
Other Non Operating Income (Expenses)	-2,205	-2,205	-211	-1,623	-1,864	2,795
EBT Excluding Unusual Items	59,075	43,181	65,714	76,650	143,422	81,143
Gain (Loss) on Sale of Investments	-	-	-	-	-	15,211
Gain (Loss) on Sale of Assets	67,263	67,263	-4,082	-7,176	56,150	-1,489
Asset Writedown	-68,678	-68,678	-9,747	-8,266	-39,406	-12,835
Other Unusual Items	-	-	-	-	-	2,788
Pretax Income	57,660	41,766	51,885	61,208	160,166	84,818
Income Tax Expense	37,138	37,593	18,885	26,096	48,594	27,019
Earnings From Continuing Operations	20,522	4,173	33,000	35,112	111,572	57,799
Minority Interest in Earnings	-2,151	-1,480	-1,267	1,938	-3,254	-1,697
Net Income	18,371	2,693	31,733	37,050	108,318	56,102
Net Income to Common	18,371	2,693	31,733	37,050	108,318	56,102
Net Income Growth	-36.43%	-91.51%	-14.35%	-65.80%	93.07%	222.26%
Shares Outstanding (Basic)	243	250	261	266	270	278
Shares Outstanding (Diluted)	243	250	261	266	270	278
Shares Change	-5.57%	-4.45%	-1.62%	-1.75%	-2.88%	-1.40%
EPS (Basic)	75.59	10.79	121.47	139.53	400.78	201.60
EPS (Diluted)	75.59	10.79	121.47	139.53	400.78	201.60
EPS Growth	-32.68%	-91.12%	-12.94%	-65.19%	98.80%	226.82%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '21 Mar 31, 2021
Free Cash Flow	131,530	140,448	170,186	132,992	251,209	19,446
Free Cash Flow Per Share	541.17	562.61	651.43	500.83	929.47	69.88
Dividend Per Share	100.000	100.000	100.000	100.000	83.333	-
Dividend Growth	0%	0%	0%	20.00%	61.29%	-
Gross Margin	8.96%	9.35%	8.60%	10.16%	10.53%	9.30%
Operating Margin	2.68%	2.09%	2.36%	3.29%	5.28%	3.76%
Profit Margin	0.69%	0.10%	1.23%	1.65%	4.14%	2.70%
Free Cash Flow Margin	4.95%	5.46%	6.60%	5.94%	9.59%	0.94%
EBITDA	269,798	245,571	244,249	226,310	279,840	141,693
EBITDA Margin	10.14%	9.54%	9.48%	10.11%	10.69%	6.82%
D&A For EBITDA	198,484	191,806	183,438	152,555	141,459	63,592
EBIT	71,314	53,765	60,811	73,755	138,381	78,101
EBIT Margin	2.68%	2.09%	2.36%	3.29%	5.28%	3.76%
Effective Tax Rate	64.41%	90.01%	36.40%	42.63%	30.34%	31.86%
Advertising Expenses	-	4,932	4,962	4,787	4,658	3,389