Ecology and Combustion Income Statement

Financials in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	2,591	2,639	2,465	2,381	1,501	1,758
Revenue Growth (YoY)	-7.60%	7.06%	3.53%	58.63%	-14.62%	10.08%
Cost of Revenue	1,668	1,747	1,696	1,739	1,041	1,253
Gross Profit	923	892	769	642	460	505
Selling, General & Admin	474	477	420	374	344	350
Research & Development	-	-	-	-	6	12
Operating Expenses	514	518	458	399	361	375
Operating Income	409	374	311	243	99	130
Currency Exchange Gain (Loss)	-	-	-	-	2	-
Other Non Operating Income (Expenses)	3	2	-10	-15	5	5
EBT Excluding Unusual Items	413	376	301	228	106	135
Gain (Loss) on Sale of Assets	-	-	1	92	-	-
Other Unusual Items	6	6	5	70	50	65
Pretax Income	419	382	307	390	156	200
Income Tax Expense	142	120	97	113	55	51
Net Income to Company	-	262	210	277	101	149
Net Income	277	262	210	277	101	149
Net Income to Common	277	262	210	277	101	149
Net Income Growth	0.73%	24.76%	-24.19%	174.26%	-32.21%	5.32%
Shares Outstanding (Basic)	2	2	2	1	1	1
Shares Outstanding (Diluted)	2	2	2	1	1	1
Shares Change (YoY)	-20.00%	-	106.48%	0.46%	-3.71%	-
EPS (Basic)	151.78	143.56	115.07	313.39	114.80	163.07
EPS (Diluted)	151.78	143.56	115.07	313.39	114.80	163.07
EPS Growth	25.91%	24.76%	-63.28%	172.99%	-29.60%	-
Free Cash Flow	127	554	-199	152	-	-
Free Cash Flow Per Share	69.59	303.56	-109.04	171.97	-	-
Gross Margin	35.62%	33.80%	31.20%	26.96%	30.65%	28.73%
Operating Margin	15.78%	14.17%	12.62%	10.21%	6.60%	7.40%
Profit Margin	10.69%	9.93%	8.52%	11.63%	6.73%	8.48%
Free Cash Flow Margin	4.90%	20.99%	-8.07%	6.38%	-	-
EBITDA	476	443	377	331	110	143
EBITDA Margin	18.37%	16.79%	15.29%	13.90%	7.33%	8.13%
D&A For EBITDA	67	69	66	88	11	13
EBIT	409	374	311	243	99	130
EBIT Margin	15.78%	14.17%	12.62%	10.21%	6.60%	7.40%
Effective Tax Rate	33.89%	31.41%	31.60%	28.97%	35.26%	25.50%

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.