Bell-Park Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	129,301	116,038	115,485	102,778	107,281
Revenue Growth (YoY)	11.43%	0.48%	12.36%	-4.20%	8.54%
Cost of Revenue	98,117	89,127	90,609	79,143	81,798
Gross Profit	31,184	26,911	24,876	23,635	25,483
Selling, General & Admin	25,303	22,365	21,042	19,786	20,463
Operating Expenses	25,303	22,647	21,351	20,132	20,904
Operating Income	5,881	4,264	3,525	3,503	4,579
Interest Expense	-	-	-	-	-1
Interest & Investment Income	140	47	-	46	-
Other Non Operating Income (Expenses)	-29	13	14	27	34
EBT Excluding Unusual Items	5,992	4,324	3,539	3,576	4,612
Gain (Loss) on Sale of Investments	18	17	-	145	-9
Gain (Loss) on Sale of Assets	33	53	35	40	62
Asset Writedown	-122	-111	-202	-284	-101
Other Unusual Items	-11	180	48	308	109
Pretax Income	5,910	4,463	3,420	3,785	4,673
Income Tax Expense	1,782	1,286	1,039	1,264	1,396
Net Income	4,128	3,177	2,381	2,521	3,277
Net Income to Common	4,128	3,177	2,381	2,521	3,277
Net Income Growth	29.93%	33.43%	-5.55%	-23.07%	-9.47%
Shares Outstanding (Basic)	16	19	19	19	19
Shares Outstanding (Diluted)	16	19	19	19	19
Shares Change (YoY)	-18.44%	-	-	-	-
EPS (Basic)	263.05	165.12	123.75	131.02	170.32
EPS (Diluted)	263.05	165.12	123.75	131.02	170.32
EPS Growth	59.31%	33.43%	-5.55%	-23.07%	-9.47%
Free Cash Flow	4,537	3,315	4,892	-158	3,261
Free Cash Flow Per Share	289.11	172.29	254.25	-8.21	169.48
Dividend Per Share	-	50.000	43.000	41.000	51.333
Dividend Growth	-	16.28%	4.88%	-20.13%	-9.41%
Gross Margin	24.12%	23.19%	21.54%	23.00%	23.75%
Operating Margin	4.55%	3.67%	3.05%	3.41%	4.27%
Profit Margin	3.19%	2.74%	2.06%	2.45%	3.06%
Free Cash Flow Margin	3.51%	2.86%	4.24%	-0.15%	3.04%
EBITDA	6,143	4,588	3,930	3,978	5,064
EBITDA Margin	4.75%	3.95%	3.40%	3.87%	4.72%
D&A For EBITDA	262	324	405	475	485
EBIT	5,881	4,264	3,525	3,503	4,579
EBIT Margin	4.55%	3.67%	3.05%	3.41%	4.27%
Effective Tax Rate	30.15%	28.82%	30.38%	33.40%	29.87%
Advertising Expenses	-	2,429	1,897	1,413	1,806

Source: S&P Global Market Intelligence. Standard template. Financial Sources.