Forval Telecom,Inc. Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	23,973	25,684	23,115	24,748	21,801
Revenue Growth (YoY)	-6.66%	11.11%	-6.60%	13.52%	0.33%
Cost of Revenue	18,433	19,649	17,338	19,498	15,854
Gross Profit	5,540	6,035	5,777	5,250	5,947
Selling, General & Admin	4,122	4,705	4,565	4,535	4,724
Amortization of Goodwill & Intangibles	59	59	74	60	67
Operating Expenses	4,301	4,893	4,665	4,661	4,939
Operating Income	1,239	1,142	1,112	589	1,008
Interest Expense	-4	-9	-13	-16	-22
Other Non Operating Income (Expenses)	25	19	-2	68	15
EBT Excluding Unusual Items	1,260	1,152	1,097	641	1,001
Gain (Loss) on Sale of Investments	58	-	-	-	-
Asset Writedown	-2	-	-2	-	-1
Other Unusual Items	-	-	71	-	354
Pretax Income	1,316	1,152	1,166	641	1,354
Income Tax Expense	331	421	416	263	480
Earnings From Continuing Operations	985	731	750	378	874
Minority Interest in Earnings	-	1	-	-	-6
Net Income	985	732	750	378	868
Net Income to Common	985	732	750	378	868
Net Income Growth	34.56%	-2.40%	98.41%	-56.45%	90.35%
Shares Outstanding (Basic)	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17
Shares Change (YoY)	-	-0.00%	0.09%	0.29%	-
EPS (Basic)	58.79	43.69	44.76	22.58	52.00
EPS (Diluted)	58.79	43.69	44.76	22.58	52.00
EPS Growth	34.56%	-2.40%	98.24%	-56.58%	90.35%
Free Cash Flow	698	1,901	1,528	845	1,639
Free Cash Flow Per Share	41.66	113.45	91.19	50.47	98.18
Dividend Per Share	-	20.000	18.000	17.000	17.000
Dividend Growth	-	11.11%	5.88%	-	-
Gross Margin	23.11%	23.50%	24.99%	21.21%	27.28%
Operating Margin	5.17%	4.45%	4.81%	2.38%	4.62%
Profit Margin	4.11%	2.85%	3.25%	1.53%	3.98%
Free Cash Flow Margin	2.91%	7.40%	6.61%	3.41%	7.52%
EBITDA	1,655	1,566	1,557	906	1,290
EBITDA Margin	6.90%	6.10%	6.74%	3.66%	5.92%
D&A For EBITDA	416	424	445	317	282
EBIT	1,239	1,142	1,112	589	1,008
EBIT Margin	5.17%	4.45%	4.81%	2.38%	4.62%
Effective Tax Rate	25.15%	36.55%	35.68%	41.03%	35.45%
Advertising Expenses	14	28	73	21	22

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