TYO:9404 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	487,042	461,915	423,523	413,979	406,395	391,335
Revenue Growth (YoY)	8.01%	9.06%	2.31%	1.87%	3.85%	-8.27%
Cost of Revenue	304,248	298,945	281,582	271,785	253,541	267,915
Gross Profit	182,794	162,970	141,941	142,194	152,854	123,420
Selling, General & Admin	111,100	108,053	100,063	95,600	94,172	88,893
Operating Expenses	111,100	108,053	100,063	95,600	94,172	88,893
Operating Income	71,694	54,917	41,878	46,594	58,682	34,527
Interest Expense	-224	-259	-308	-364	-404	-373
Interest & Investment Income	6,265	5,188	4,655	4,427	3,535	4,365
Earnings From Equity Investments	8,533	5,749	2,645	903	3,133	4,035
Currency Exchange Gain (Loss)	-85	-182	208	-31	-34	44
Other Non Operating Income (Expenses)	365	310	425	246	-76	345
EBT Excluding Unusual Items	86,548	65,723	49,503	51,775	64,836	42,943
Gain (Loss) on Sale of Investments	10,613	8,574	14,088	-33	6,819	27,767
Gain (Loss) on Sale of Assets	-1	-4	-55	2	-77	-1,513
Asset Writedown	-5,339	-5,311	-12,333	-1,863	-2,566	-21,415
Other Unusual Items	3	107	517	-800	-196	-2,350
Pretax Income	91,824	69,089	51,720	49,081	68,816	45,432
Income Tax Expense	26,393	21,663	16,266	14,486	21,292	21,854
Earnings From Continuing Operations	65,431	47,426	35,454	34,595	47,524	23,578
Minority Interest in Earnings	-2,529	-1,426	-794	-514	-93	464
Net Income	62,902	46,000	34,660	34,081	47,431	24,042
Net Income to Common	62,902	46,000	34,660	34,081	47,431	24,042
Net Income Growth	102.86%	32.72%	1.70%	-28.15%	97.28%	-21.32%
Shares Outstanding (Basic)	250	251	254	255	255	255
Shares Outstanding (Diluted)	252	251	254	255	255	255
Shares Change (YoY)	0.10%	-1.29%	-0.39%	-	-0.08%	-0.01%
EPS (Basic)	251.92	183.42	136.41	133.61	185.94	94.17
EPS (Diluted)	249.82	183.37	136.18	133.28	185.66	93.93
EPS Growth	102.63%	34.65%	2.17%	-28.21%	97.66%	-21.43%
Free Cash Flow	-	39,507	37,466	37,273	45,948	28,081
Free Cash Flow Per Share	-	157.53	147.46	146.12	180.13	110.00
Dividend Per Share	30.000	40.000	37.000	37.000	37.000	35.000
Dividend Growth	-18.92%	8.11%	-	-	5.71%	-
Gross Margin	37.53%	35.28%	33.51%	34.35%	37.61%	31.54%
Operating Margin	14.72%	11.89%	9.89%	11.25%	14.44%	8.82%
Profit Margin	12.91%	9.96%	8.18%	8.23%	11.67%	6.14%
Free Cash Flow Margin	-	8.55%	8.85%	9.00%	11.31%	7.18%
EBITDA	84,839	68,336	55,663	60,687	74,558	51,965
EBITDA Margin	17.42%	14.79%	13.14%	14.66%	18.35%	13.28%
D&A For EBITDA	13,145	13,419	13,785	14,093	15,876	17,438
EBIT	71,694	54,917	41,878	46,594	58,682	34,527
EBIT Margin	14.72%	11.89%	9.89%	11.25%	14.44%	8.82%
Effective Tax Rate	28.74%	31.36%	31.45%	29.51%	30.94%	48.10%

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