Yellow Hat 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	171,280	154,066	146,641	147,157	148,038
Revenue Growth (YoY)	11.17%	5.06%	-0.35%	-0.60%	0.71%
Cost of Revenue	96,803	86,675	83,814	84,157	86,900
Gross Profit	74,477	67,391	62,827	63,000	61,138
Selling, General & Admin	59,389	51,940	48,351	47,749	47,047
Operating Expenses	59,374	51,940	48,351	47,749	47,047
Operating Income	15,103	15,451	14,476	15,251	14,091
Interest Expense	-202	-23	-7	-5	-9
Interest & Investment Income	431	338	286	238	228
Earnings From Equity Investments	73	82	43	31	25
Other Non Operating Income (Expenses)	1,176	989	1,165	791	677
EBT Excluding Unusual Items	16,581	16,837	15,963	16,306	15,012
Gain (Loss) on Sale of Investments	1,193	64	9	-	-34
Gain (Loss) on Sale of Assets	-202	85	8	10	8
Asset Writedown	-605	-543	-964	-812	-672
Other Unusual Items	101	-1	1	-19	-172
Pretax Income	17,068	16,442	15,017	15,485	14,142
Income Tax Expense	5,100	5,182	4,751	4,819	4,483
Earnings From Continuing Operations	11,968	11,260	10,266	10,666	9,659
Minority Interest in Earnings	-	-	-7	-1	-
Net Income	11,968	11,260	10,259	10,665	9,659
Net Income to Common	11,968	11,260	10,259	10,665	9,659
Net Income Growth	6.29%	9.76%	-3.81%	10.42%	13.02%
Shares Outstanding (Basic)	87	91	92	92	92
Shares Outstanding (Diluted)	87	91	93	93	93
Shares Change (YoY)	-4.75%	-1.40%	0.04%	0.05%	0.04%
EPS (Basic)	137.85	123.54	111.01	115.48	104.66
EPS (Diluted)	137.36	123.11	110.59	115.02	104.22
EPS Growth	11.58%	11.32%	-3.85%	10.35%	12.98%
Free Cash Flow	831	4,185	390	391	1,042
Free Cash Flow Per Share	9.54	45.75	4.20	4.22	11.24
Dividend Per Share	-	50.000	33.000	31.000	29.000
Dividend Growth	-	51.52%	6.45%	6.90%	7.41%
Gross Margin	43.48%	43.74%	42.84%	42.81%	41.30%
Operating Margin	8.82%	10.03%	9.87%	10.36%	9.52%
Profit Margin	6.99%	7.31%	7.00%	7.25%	6.53%
Free Cash Flow Margin	0.48%	2.72%	0.27%	0.27%	0.70%
EBITDA	18,858	18,546	17,291	17,670	16,342
EBITDA Margin	11.01%	12.04%	11.79%	12.01%	11.04%
D&A For EBITDA	3,755	3,095	2,815	2,419	2,251
EBIT	15,103	15,451	14,476	15,251	14,091
EBIT Margin	8.82%	10.03%	9.87%	10.36%	9.52%
Effective Tax Rate	29.88%	31.52%	31.64%	31.12%	31.70%
Advertising Expenses	-	4,904	4,704	4,634	5,014

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