NCS&A 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	22,485	20,493	18,907	19,385	20,458
Revenue Growth (YoY)	9.72%	8.39%	-2.47%	-5.24%	3.58%
Cost of Revenue	15,311	14,243	13,268	13,930	14,949
Gross Profit	7,174	6,250	5,639	5,455	5,509
Selling, General & Admin	4,147	3,959	3,822	3,728	4,076
Research & Development	313	297	179	186	136
Operating Expenses	4,460	4,256	4,001	3,914	4,212
Operating Income	2,714	1,994	1,638	1,541	1,297
Interest & Investment Income	61	39	30	26	23
Currency Exchange Gain (Loss)	-4	-5	-6	-15	-14
Other Non Operating Income (Expenses)	94	81	96	65	101
EBT Excluding Unusual Items	2,865	2,109	1,758	1,617	1,407
Gain (Loss) on Sale of Investments	5	-	6	-	13
Gain (Loss) on Sale of Assets	-	-	-2	-	-
Asset Writedown	-	-	-6	-1	-4
Other Unusual Items	-	-	361	-	-197
Pretax Income	2,870	2,109	2,117	1,616	1,219
Income Tax Expense	803	-	581	343	241
Net Income	2,067	2,109	1,536	1,273	978
Net Income to Common	2,067	2,109	1,536	1,273	978
Net Income Growth	-1.99%	37.30%	20.66%	30.16%	23.95%
Shares Outstanding (Basic)	16	16	16	16	17
Shares Outstanding (Diluted)	16	16	16	16	17
Shares Change (YoY)	-3.42%	0.48%	-1.23%	-1.77%	-5.49%
EPS (Basic)	132.47	130.54	95.53	78.20	59.01
EPS (Diluted)	132.47	130.54	95.53	78.20	59.01
EPS Growth	1.47%	36.64%	22.17%	32.51%	31.16%
Free Cash Flow	-	2,197	1,463	903	1,417
Free Cash Flow Per Share	-	135.99	90.99	55.47	85.50
Dividend Per Share	-	40.000	30.000	28.000	22.000
Dividend Growth	-	33.33%	7.14%	27.27%	46.67%
Gross Margin	31.91%	30.50%	29.83%	28.14%	26.93%
Operating Margin	12.07%	9.73%	8.66%	7.95%	6.34%
Profit Margin	9.19%	10.29%	8.12%	6.57%	4.78%
Free Cash Flow Margin	-	10.72%	7.74%	4.66%	6.93%
EBITDA	2,977	2,257	1,891	1,766	1,598
EBITDA Margin	13.24%	11.01%	10.00%	9.11%	7.81%
D&A For EBITDA	263	263	253	225	301
EBIT	2,714	1,994	1,638	1,541	1,297
EBIT Margin	12.07%	9.73%	8.66%	7.95%	6.34%
Effective Tax Rate	27.98%	-	27.44%	21.22%	19.77%

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