Fuluhashi EPO 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	9,930	9,383	8,753	8,076	7,716	7,694
Revenue Growth (YoY)	8.91%	7.20%	8.38%	4.67%	0.29%	-0.89%
Cost of Revenue	5,467	5,088	4,727	4,504	4,325	4,529
Gross Profit	4,463	4,295	4,026	3,572	3,391	3,165
Selling, General & Admin	3,234	3,144	2,988	2,730	2,603	2,558
Operating Expenses	3,232	3,142	2,986	2,733	2,603	2,558
Operating Income	1,231	1,153	1,040	839	788	607
Interest Expense	-57	-43	-37	-43	-48	-50
Interest & Investment Income	15	8	8	14	14	14
Earnings From Equity Investments	42	45	32	40	37	30
Other Non Operating Income (Expenses)	22	269	202	198	45	22
EBT Excluding Unusual Items	1,250	1,432	1,245	1,048	836	623
Gain (Loss) on Sale of Investments	50	50	-98	-	-	-
Gain (Loss) on Sale of Assets	85	26	35	13	22	-4
Asset Writedown	-47	-51	-2	-1	-4	-1
Other Unusual Items	-	-1	-515	40	-34	-1
Pretax Income	1,338	1,456	665	1,100	820	617
Income Tax Expense	398	423	402	357	251	206
Net Income to Company	-	1,033	263	743	569	411
Net Income	940	1,033	263	743	569	411
Net Income to Common	940	1,033	263	743	569	411
Net Income Growth	321.53%	292.78%	-64.60%	30.58%	38.44%	25.30%
Shares Outstanding (Basic)	12	12	12	10	9	9
Shares Outstanding (Diluted)	12	12	12	10	9	9
Shares Change (YoY)	-1.22%	0.08%	18.41%	11.10%	-	-
EPS (Basic)	80.89	87.86	22.39	74.89	63.72	46.03
EPS (Diluted)	80.89	87.86	22.39	74.89	63.72	46.03
EPS Growth	326.71%	292.45%	-70.11%	17.53%	38.44%	25.30%
Free Cash Flow	-	-1,030	1,050	820	232	-
Free Cash Flow Per Share	-	-87.60	89.38	82.65	25.98	-
Dividend Per Share	29.000	28.000	26.000	20.000	20.000	20.000
Dividend Growth	7.41%	7.69%	30.00%	-	-	-
Gross Margin	44.95%	45.77%	46.00%	44.23%	43.95%	41.14%
Operating Margin	12.40%	12.29%	11.88%	10.39%	10.21%	7.89%
Profit Margin	9.47%	11.01%	3.00%	9.20%	7.37%	5.34%
Free Cash Flow Margin	-	-10.98%	12.00%	10.15%	3.01%	-
EBITDA	1,885	1,762	1,589	1,337	1,251	-
EBITDA Margin	18.98%	18.78%	18.15%	16.55%	16.21%	-
D&A For EBITDA	654	609	549	498	463	-
EBIT	1,231	1,153	1,040	839	788	607
EBIT Margin	12.40%	12.29%	11.88%	10.39%	10.21%	7.89%
Effective Tax Rate	29.75%	29.05%	60.45%	32.45%	30.61%	33.39%

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