The Keihin 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	50,500	50,452	46,520	59,821	54,108	48,159
Revenue Growth (YoY)	3.00%	8.45%	-22.23%	10.56%	12.35%	0.96%
Cost of Revenue	44,954	45,369	41,847	54,017	49,026	43,837
Gross Profit	5,546	5,083	4,673	5,804	5,082	4,322
Selling, General & Admin	2,198	2,183	2,004	1,980	1,941	1,895
Operating Expenses	2,198	2,183	2,004	1,980	1,941	1,895
Operating Income	3,348	2,900	2,669	3,824	3,141	2,427
Interest Expense	-76	-72	-74	-85	-101	-115
Interest & Investment Income	329	290	255	204	180	193
Currency Exchange Gain (Loss)	-43	-69	-2	-47	30	-40
Other Non Operating Income (Expenses)	54	50	139	61	36	50
EBT Excluding Unusual Items	3,612	3,099	2,987	3,957	3,286	2,515
Gain (Loss) on Sale of Investments	-	114	38	-26	-	-
Gain (Loss) on Sale of Assets	-36	-43	-24	-6	-29	-8
Other Unusual Items	-	-	1	-	-	-
Pretax Income	3,576	3,170	3,002	3,925	3,257	2,507
Income Tax Expense	1,087	982	953	1,221	994	758
Net Income	2,489	2,188	2,049	2,704	2,263	1,749
Net Income to Common	2,489	2,188	2,049	2,704	2,263	1,749
Net Income Growth	9.41%	6.78%	-24.22%	19.49%	29.39%	23.17%
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
Shares Change (YoY)	-0.01%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%
EPS (Basic)	381.25	335.13	313.84	414.16	346.61	267.88
EPS (Diluted)	381.25	335.13	313.84	414.16	346.61	267.88
EPS Growth	9.42%	6.79%	-24.22%	19.49%	29.39%	23.17%
Free Cash Flow	-	1,120	1,406	3,359	3,525	2,897
Free Cash Flow Per Share	-	171.55	215.35	514.48	539.90	443.71
Dividend Per Share	80.000	80.000	70.000	70.000	50.000	50.000
Dividend Growth	14.29%	14.29%	-	40.00%	-	-
Gross Margin	10.98%	10.08%	10.04%	9.70%	9.39%	8.97%
Operating Margin	6.63%	5.75%	5.74%	6.39%	5.80%	5.04%
Profit Margin	4.93%	4.34%	4.41%	4.52%	4.18%	3.63%
Free Cash Flow Margin	-	2.22%	3.02%	5.62%	6.51%	6.02%
EBITDA	5,652	4,923	4,317	5,486	4,916	4,283
EBITDA Margin	11.19%	9.76%	9.28%	9.17%	9.09%	8.89%
D&A For EBITDA	2,304	2,023	1,648	1,662	1,775	1,856
EBIT	3,348	2,900	2,669	3,824	3,141	2,427
EBIT Margin	6.63%	5.75%	5.74%	6.39%	5.80%	5.04%
Effective Tax Rate	30.40%	30.98%	31.75%	31.11%	30.52%	30.23%

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