Central Forest Group Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	366,060	348,074	328,838	312,649	298,237
Revenue Growth (YoY)	5.17%	5.85%	5.18%	4.83%	4.72%
Cost of Revenue	331,381	314,820	297,679	283,597	270,966
Gross Profit	34,679	33,254	31,159	29,052	27,271
Selling, General & Admin	31,636	30,437	28,630	27,429	26,116
Operating Expenses	31,636	30,437	28,630	27,429	26,116
Operating Income	3,043	2,817	2,529	1,623	1,155
Interest Expense	-9	-7	-7	-8	-9
Interest & Investment Income	219	181	151	140	140
Other Non Operating Income (Expenses)	180	154	138	161	165
EBT Excluding Unusual Items	3,433	3,145	2,811	1,916	1,451
Gain (Loss) on Sale of Investments	-7	45	34	28	214
Gain (Loss) on Sale of Assets	122	-	-	18	100
Asset Writedown	-	-	-10	-13	-184
Other Unusual Items	33	-	-	-41	14
Pretax Income	3,581	3,190	2,835	1,908	1,595
Income Tax Expense	1,133	940	876	640	543
Earnings From Continuing Operations	2,448	2,250	1,959	1,268	1,052
Net Income	2,448	2,250	1,959	1,268	1,052
Net Income to Common	2,448	2,250	1,959	1,268	1,052
Net Income Growth	8.80%	14.85%	54.50%	20.53%	62.10%
Shares Outstanding (Basic)	8	9	9	9	9
Shares Outstanding (Diluted)	8	9	9	9	9
Shares Change (YoY)	-4.19%	-0.65%	-2.15%	-	-
EPS (Basic)	299.32	263.59	228.00	144.40	119.80
EPS (Diluted)	299.32	263.59	228.00	144.40	119.80
EPS Growth	13.55%	15.61%	57.89%	20.53%	62.10%
Free Cash Flow	2,112	2,191	1,802	1,015	2,654
Free Cash Flow Per Share	258.24	256.68	209.73	115.59	302.24
Dividend Per Share	-	55.000	43.000	34.000	30.000
Dividend Growth	-	27.91%	26.47%	13.33%	-
Gross Margin	9.47%	9.55%	9.47%	9.29%	9.14%
Operating Margin	0.83%	0.81%	0.77%	0.52%	0.39%
Profit Margin	0.67%	0.65%	0.60%	0.41%	0.35%
Free Cash Flow Margin	0.58%	0.63%	0.55%	0.33%	0.89%
EBITDA	3,798	3,544	3,240	2,248	1,734
EBITDA Margin	1.04%	1.02%	0.98%	0.72%	0.58%
D&A For EBITDA	755	727	711	625	579
EBIT	3,043	2,817	2,529	1,623	1,155
EBIT Margin	0.83%	0.81%	0.77%	0.52%	0.39%
Effective Tax Rate	31.64%	29.47%	30.90%	33.54%	34.04%

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