Musashino Kogyo 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	1,339	1,364	1,282	1,379	1,290	1,232
Revenue Growth (YoY)	-1.03%	6.40%	-7.03%	6.90%	4.71%	-18.52%
Cost of Revenue	635	684	649	645	603	567
Gross Profit	704	680	633	734	687	665
Selling, General & Admin	631	593	597	667	593	580
Operating Expenses	649	611	612	682	607	593
Operating Income	55	69	21	52	80	72
Interest Expense	-1	-2	-2	-2	-3	-2
Interest & Investment Income	2	2	1	-	-	4
Earnings From Equity Investments	28	13	-1	-27	-12	11
Other Non Operating Income (Expenses)	5	3	-2	2	-1	1
EBT Excluding Unusual Items	89	85	17	25	64	86
Gain (Loss) on Sale of Investments	376	-	-	-	-	-
Asset Writedown	-8	-4	-	-1	-	-247
Other Unusual Items	-30	-	-1	10	14	-21
Pretax Income	427	81	16	34	78	-182
Income Tax Expense	76	17	12	-6	28	34
Net Income	351	64	4	40	50	-216
Net Income to Common	351	64	4	40	50	-216
Net Income Growth	663.04%	1500.00%	-90.00%	-20.00%	-	-
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	-0.02%	-0.01%	-0.00%	-0.00%	-0.00%	-0.00%
EPS (Basic)	335.51	61.17	3.82	38.23	47.78	-206.41
EPS (Diluted)	335.51	61.17	3.82	38.23	47.78	-206.41
EPS Growth	663.17%	1500.13%	-90.00%	-20.00%	-	-
Free Cash Flow	-	131	26	49	13	-112
Free Cash Flow Per Share	-	125.20	24.85	46.83	12.42	-107.03
Gross Margin	52.58%	49.85%	49.38%	53.23%	53.26%	53.98%
Operating Margin	4.11%	5.06%	1.64%	3.77%	6.20%	5.84%
Profit Margin	26.21%	4.69%	0.31%	2.90%	3.88%	-17.53%
Free Cash Flow Margin	-	9.60%	2.03%	3.55%	1.01%	-9.09%
EBITDA	124.75	138	89	118	142	170
EBITDA Margin	9.32%	10.12%	6.94%	8.56%	11.01%	13.80%
D&A For EBITDA	69.75	69	68	66	62	98
EBIT	55	69	21	52	80	72
EBIT Margin	4.11%	5.06%	1.64%	3.77%	6.20%	5.84%
Effective Tax Rate	17.80%	20.99%	75.00%	-	35.90%	-

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