The Yonkyu 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	47,676	44,887	45,130	40,234	35,212
Revenue Growth (YoY)	6.21%	-0.54%	12.17%	14.26%	-3.24%
Cost of Revenue	41,738	39,565	39,223	34,098	29,563
Gross Profit	5,938	5,322	5,907	6,136	5,649
Selling, General & Admin	4,068	3,665	3,692	3,442	3,310
Operating Expenses	4,068	3,776	3,963	3,361	3,060
Operating Income	1,870	1,546	1,944	2,775	2,589
Interest Expense	-17	-14	-10	-8	-6
Interest & Investment Income	264	338	279	233	216
Earnings From Equity Investments	-50	37	15	1	21
Other Non Operating Income (Expenses)	127	194	150	79	77
EBT Excluding Unusual Items	2,194	2,101	2,378	3,080	2,897
Gain (Loss) on Sale of Investments	3,489	14	-	-	-82
Gain (Loss) on Sale of Assets	-	4	-2	8	-2
Asset Writedown	-	-	-	-272	-8
Other Unusual Items	-	-	-	240	-1
Pretax Income	5,683	2,119	2,376	3,056	2,804
Income Tax Expense	1,899	704	742	750	806
Net Income	3,784	1,415	1,634	2,306	1,998
Net Income to Common	3,784	1,415	1,634	2,306	1,998
Net Income Growth	167.42%	-13.40%	-29.14%	15.42%	64.99%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12
Shares Change (YoY)	0.10%	0.10%	0.11%	0.10%	0.11%
EPS (Basic)	308.86	115.61	133.64	188.80	163.74
EPS (Diluted)	308.86	115.61	133.64	188.80	163.74
EPS Growth	167.15%	-13.49%	-29.22%	15.30%	64.80%
Free Cash Flow	2,334	1,035	-1,558	772	572
Free Cash Flow Per Share	190.51	84.57	-127.42	63.21	46.88
Dividend Per Share	-	17.000	17.000	12.000	12.000
Dividend Growth	-	-	41.67%	-	-40.00%
Gross Margin	12.46%	11.86%	13.09%	15.25%	16.04%
Operating Margin	3.92%	3.44%	4.31%	6.90%	7.35%
Profit Margin	7.94%	3.15%	3.62%	5.73%	5.67%
Free Cash Flow Margin	4.90%	2.31%	-3.45%	1.92%	1.62%
EBITDA	2,551	2,204	2,490	3,255	3,155
EBITDA Margin	5.35%	4.91%	5.52%	8.09%	8.96%
D&A For EBITDA	681	658	546	480	566
EBIT	1,870	1,546	1,944	2,775	2,589
EBIT Margin	3.92%	3.44%	4.31%	6.90%	7.35%
Effective Tax Rate	33.41%	33.22%	31.23%	24.54%	28.74%

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