Golf Do 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	Dec '25 Dec 31, 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	6,154	5,917	5,773	6,058	5,731	5,266
Revenue Growth (YoY)	5.14%	2.49%	-4.71%	5.71%	8.83%	7.80%
Cost of Revenue	3,775	3,665	3,604	3,816	3,520	3,237
Gross Profit	2,379	2,252	2,169	2,242	2,211	2,029
Selling, General & Admin	2,208	2,217	2,166	2,154	1,963	1,795
Other Operating Expenses	6	6	4	3	3	2
Operating Expenses	2,215	2,223	2,207	2,157	1,966	1,797
Operating Income	164	29	-38	85	245	232
Interest Expense	-21	-15	-10	-12	-13	-16
Interest & Investment Income	4	5	2	2	2	3
Currency Exchange Gain (Loss)	-	-	-	1	1	-
Other Non Operating Income (Expenses)	14	17	8	12	12	8
EBT Excluding Unusual Items	161	36	-38	88	247	227
Asset Writedown	-30	-28	-1	-1	-17	-22
Other Unusual Items	53	53	-	-	2	-
Pretax Income	184	61	-39	87	232	205
Income Tax Expense	56	44	12	46	5	67
Earnings From Continuing Operations	128	17	-51	41	227	138
Net Income	128	17	-51	41	227	138
Net Income to Common	128	17	-51	41	227	138
Net Income Growth	1322.22%	-	-	-81.94%	64.49%	263.16%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	5.58%	2.87%	-2.59%	0.62%	2.04%	2.66%
EPS (Basic)	25.66	3.39	-10.17	8.18	45.29	28.26
EPS (Diluted)	24.29	3.39	-10.17	8.02	44.55	27.72
EPS Growth	1252.95%	-	-	-82.01%	60.69%	256.26%
Free Cash Flow	-	5	3	115	-64	564
Free Cash Flow Per Share	-	0.97	0.60	22.35	-12.51	112.52
Dividend Per Share	2.500	2.500	2.500	5.000	2.500	-
Dividend Growth	-	-	-50.00%	100.00%	-	-
Gross Margin	38.66%	38.06%	37.57%	37.01%	38.58%	38.53%
Operating Margin	2.67%	0.49%	-0.66%	1.40%	4.28%	4.41%
Profit Margin	2.08%	0.29%	-0.88%	0.68%	3.96%	2.62%
Free Cash Flow Margin	-	0.08%	0.05%	1.90%	-1.12%	10.71%
EBITDA	287	152	85	236	327	294
EBITDA Margin	4.66%	2.57%	1.47%	3.90%	5.71%	5.58%
D&A For EBITDA	123	123	123	151	82	62
EBIT	164	29	-38	85	245	232
EBIT Margin	2.67%	0.49%	-0.66%	1.40%	4.28%	4.41%
Effective Tax Rate	30.44%	72.13%	-	52.87%	2.15%	32.68%

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