Kawanishi Warehouse 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	25,915	25,542	24,993	27,107	23,618	22,439
Revenue Growth (YoY)	2.29%	2.20%	-7.80%	14.77%	5.25%	-6.20%
Cost of Revenue	21,863	21,695	21,193	23,569	20,553	19,746
Gross Profit	4,052	3,847	3,800	3,538	3,065	2,693
Selling, General & Admin	2,931	2,675	2,509	2,445	2,158	2,102
Other Operating Expenses	85	85	76	151	76	92
Operating Expenses	3,076	2,820	2,640	2,644	2,281	2,226
Operating Income	976	1,027	1,160	894	784	467
Interest Expense	-75	-48	-48	-54	-56	-58
Interest & Investment Income	89	108	84	65	89	121
Currency Exchange Gain (Loss)	47	51	-4	-	-	-4
Other Non Operating Income (Expenses)	-16	41	39	52	44	43
EBT Excluding Unusual Items	1,021	1,179	1,231	957	861	569
Gain (Loss) on Sale of Investments	-11	-30	-3	-	-	-13
Gain (Loss) on Sale of Assets	5	1	7	1	6	8
Asset Writedown	-57	-62	-113	-149	-	-114
Legal Settlements	-4	-	-11	-	-5	-
Other Unusual Items	122	72	-11	1,467	-11	386
Pretax Income	1,076	1,160	1,100	2,276	851	836
Income Tax Expense	394	437	238	722	305	281
Earnings From Continuing Operations	682	723	862	1,554	546	555
Minority Interest in Earnings	-13	23	-66	-62	-23	-14
Net Income	669	746	796	1,492	523	541
Net Income to Common	669	746	796	1,492	523	541
Net Income Growth	-4.97%	-6.28%	-46.65%	185.28%	-3.33%	121.72%
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	0.22%	-	-	0.07%	0.22%	0.20%
EPS (Basic)	87.30	97.57	104.11	195.13	68.45	70.96
EPS (Diluted)	87.30	97.57	104.11	195.13	68.45	70.96
EPS Growth	-5.18%	-6.28%	-46.65%	185.09%	-3.54%	121.28%
Free Cash Flow	-	1,114	1,742	1,835	-2,032	-1,152
Free Cash Flow Per Share	-	145.70	227.83	240.00	-265.93	-151.10
Dividend Per Share	14.000	28.000	20.000	14.000	12.000	12.000
Dividend Growth	-41.67%	40.00%	42.86%	16.67%	-	-
Gross Margin	15.64%	15.06%	15.20%	13.05%	12.98%	12.00%
Operating Margin	3.77%	4.02%	4.64%	3.30%	3.32%	2.08%
Profit Margin	2.58%	2.92%	3.19%	5.50%	2.21%	2.41%
Free Cash Flow Margin	-	4.36%	6.97%	6.77%	-8.60%	-5.13%
EBITDA	2,367	2,402	2,514	2,090	1,859	1,446
EBITDA Margin	9.13%	9.40%	10.06%	7.71%	7.87%	6.44%
D&A For EBITDA	1,391	1,375	1,354	1,196	1,075	979
EBIT	976	1,027	1,160	894	784	467
EBIT Margin	3.77%	4.02%	4.64%	3.30%	3.32%	2.08%
Effective Tax Rate	36.62%	37.67%	21.64%	31.72%	35.84%	33.61%

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