Belc CO., LTD. Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Operating Revenue	423,431	381,440	346,072	305,561	297,019
Other Revenue	-	6,338	5,784	5,264	3,248
Revenue	423,431	387,778	351,856	310,825	300,267
Revenue Growth (YoY)	9.19%	10.21%	13.20%	3.52%	5.56%
Cost of Revenue	304,539	278,359	251,907	220,951	223,163
Gross Profit	118,892	109,419	99,949	89,874	77,104
Selling, General & Admin	100,991	85,153	78,791	69,660	58,767
Other Operating Expenses	-	-	-	-	49
Operating Expenses	100,991	92,408	85,453	75,855	64,031
Operating Income	17,901	17,011	14,496	14,019	13,073
Interest Expense	-307	-172	-129	-111	-83
Interest & Investment Income	82	57	40	42	40
Other Non Operating Income (Expenses)	491	491	563	346	855
EBT Excluding Unusual Items	18,167	17,387	14,970	14,296	13,885
Gain (Loss) on Sale of Assets	-	-1	-18	146	-7
Asset Writedown	-877	-294	-240	-201	-280
Other Unusual Items	-	-19	20	-	-1
Pretax Income	17,290	17,073	14,732	14,241	13,597
Income Tax Expense	4,609	4,688	4,055	4,627	4,410
Net Income	12,681	12,385	10,677	9,614	9,187
Net Income to Common	12,681	12,385	10,677	9,614	9,187
Net Income Growth	2.39%	16.00%	11.06%	4.65%	4.07%
Shares Outstanding (Basic)	21	21	21	21	21
Shares Outstanding (Diluted)	21	21	21	21	21
Shares Change (YoY)	-0.06%	0.00%	-0.04%	-0.06%	-0.00%
EPS (Basic)	608.68	594.13	512.20	461.02	440.27
EPS (Diluted)	608.68	594.13	512.20	461.02	440.27
EPS Growth	2.45%	15.99%	11.10%	4.71%	4.07%
Free Cash Flow	-2,268	4,876	3,942	-920	808
Free Cash Flow Per Share	-108.86	233.91	189.11	-44.12	38.72
Dividend Per Share	124.000	120.000	108.000	94.000	90.000
Dividend Growth	3.33%	11.11%	14.89%	4.44%	4.65%
Gross Margin	28.08%	28.22%	28.41%	28.92%	25.68%
Operating Margin	4.23%	4.39%	4.12%	4.51%	4.35%
Profit Margin	3.00%	3.19%	3.03%	3.09%	3.06%
Free Cash Flow Margin	-0.54%	1.26%	1.12%	-0.30%	0.27%
EBITDA	26,451	24,605	21,464	20,543	19,364
EBITDA Margin	6.25%	6.35%	6.10%	6.61%	6.45%
D&A For EBITDA	8,550	7,594	6,968	6,524	6,291
EBIT	17,901	17,011	14,496	14,019	13,073
EBIT Margin	4.23%	4.39%	4.12%	4.51%	4.35%
Effective Tax Rate	26.66%	27.46%	27.52%	32.49%	32.43%

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.