Trusco Nakayama 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	320,043	295,024	268,154	246,453	229,342
Revenue Growth (YoY)	8.48%	10.02%	8.80%	7.46%	7.47%
Cost of Revenue	253,312	233,341	210,631	194,292	181,066
Gross Profit	66,731	61,683	57,523	52,161	48,276
Selling, General & Admin	38,362	35,660	32,797	30,826	28,454
Operating Expenses	43,914	41,704	39,131	37,493	35,383
Operating Income	22,817	19,979	18,392	14,668	12,893
Interest Expense	-618	-246	-99	-87	-88
Interest & Investment Income	96	79	75	57	41
Currency Exchange Gain (Loss)	-89	-	-	-	-
Other Non Operating Income (Expenses)	334	244	301	427	725
EBT Excluding Unusual Items	22,540	20,056	18,669	15,065	13,571
Gain (Loss) on Sale of Investments	-	-183	-780	194	-
Gain (Loss) on Sale of Assets	202	2,778	115	-	3,466
Asset Writedown	-116	-	-45	-	-
Other Unusual Items	-	-	-51	-	-50
Pretax Income	22,626	22,651	17,908	15,259	16,987
Income Tax Expense	6,745	6,556	5,640	4,633	5,384
Net Income	15,881	16,095	12,268	10,626	11,603
Net Income to Common	15,881	16,095	12,268	10,626	11,603
Net Income Growth	-1.33%	31.20%	15.45%	-8.42%	44.91%
Shares Outstanding (Basic)	66	66	66	66	66
Shares Outstanding (Diluted)	66	66	66	66	66
Shares Change (YoY)	0.00%	-0.00%	-	-	-0.00%
EPS (Basic)	240.84	244.09	186.04	161.14	175.96
EPS (Diluted)	240.84	244.09	186.04	161.14	175.96
EPS Growth	-1.33%	31.20%	15.45%	-8.42%	44.91%
Free Cash Flow	-10,311	-6,266	3,631	8,360	8,051
Free Cash Flow Per Share	-156.37	-95.03	55.06	126.78	122.09
Dividend Per Share	-	54.000	46.500	40.000	35.500
Dividend Growth	-	16.13%	16.25%	12.68%	16.39%
Gross Margin	20.85%	20.91%	21.45%	21.16%	21.05%
Operating Margin	7.13%	6.77%	6.86%	5.95%	5.62%
Profit Margin	4.96%	5.46%	4.58%	4.31%	5.06%
Free Cash Flow Margin	-3.22%	-2.12%	1.35%	3.39%	3.51%
EBITDA	28,394	26,066	24,621	21,358	19,850
EBITDA Margin	8.87%	8.83%	9.18%	8.67%	8.65%
D&A For EBITDA	5,577	6,087	6,229	6,690	6,957
EBIT	22,817	19,979	18,392	14,668	12,893
EBIT Margin	7.13%	6.77%	6.86%	5.95%	5.62%
Effective Tax Rate	29.81%	28.94%	31.49%	30.36%	31.70%
Advertising Expenses	427	272	252	316	-132

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