Watt Mann 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	Sep '25 Sep 30, 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	8,594	8,383	7,851	7,420	5,409	3,634
Revenue Growth (YoY)	6.69%	6.78%	5.81%	37.18%	48.84%	-1.28%
Cost of Revenue	4,795	4,587	4,217	4,015	2,496	1,259
Gross Profit	3,799	3,796	3,634	3,405	2,913	2,375
Selling, General & Admin	3,206	3,160	2,935	2,842	2,578	2,044
Operating Expenses	3,258	3,212	2,985	2,898	2,647	2,110
Operating Income	541	584	649	507	266	265
Interest Expense	-6	-6	-5	-4	-4	-3
Interest & Investment Income	3	2	-	-	1	1
Currency Exchange Gain (Loss)	2	3	-	-9	1	3
Other Non Operating Income (Expenses)	12	11	10	12	26	8
EBT Excluding Unusual Items	552	594	654	506	290	274
Gain (Loss) on Sale of Investments	-	-	-	1	-	-
Gain (Loss) on Sale of Assets	3	3	2	-	1	-
Asset Writedown	-42	-39	-1	-23	-38	-6
Other Unusual Items	-22	-19	28	41	16	-33
Pretax Income	491	539	683	525	269	235
Income Tax Expense	177	194	224	170	6	28
Net Income	314	345	459	355	263	207
Net Income to Common	314	345	459	355	263	207
Net Income Growth	-33.05%	-24.84%	29.30%	34.98%	27.05%	-19.14%
Shares Outstanding (Basic)	9	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9	9
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	0.49%	-0.48%	-
EPS (Basic)	35.89	39.43	52.46	40.58	30.21	23.66
EPS (Diluted)	35.89	39.43	52.46	40.58	30.21	23.66
EPS Growth	-33.05%	-24.84%	29.30%	34.32%	27.67%	-19.14%
Free Cash Flow	214	296	326	540	130	172
Free Cash Flow Per Share	24.46	33.83	37.26	61.72	14.93	19.66
Dividend Per Share	20.000	20.000	20.000	15.000	10.000	7.500
Dividend Growth	-	-	33.33%	50.00%	33.33%	-
Gross Margin	44.20%	45.28%	46.29%	45.89%	53.85%	65.35%
Operating Margin	6.30%	6.97%	8.27%	6.83%	4.92%	7.29%
Profit Margin	3.65%	4.12%	5.85%	4.78%	4.86%	5.70%
Free Cash Flow Margin	2.49%	3.53%	4.15%	7.28%	2.40%	4.73%
EBITDA	631	675	735	598	356	341
EBITDA Margin	7.34%	8.05%	9.36%	8.06%	6.58%	9.38%
D&A For EBITDA	90	91	86	91	90	76
EBIT	541	584	649	507	266	265
EBIT Margin	6.30%	6.97%	8.27%	6.83%	4.92%	7.29%
Effective Tax Rate	36.05%	35.99%	32.80%	32.38%	2.23%	11.92%

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