Marubeni 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
Operating Revenue	8,242,840	7,790,168	7,250,515	9,190,472	8,497,153	6,325,550
Other Revenue	-	-	-	-	11,438	6,864
Revenue	8,242,840	7,790,168	7,250,515	9,190,472	8,508,591	6,332,414
Revenue Growth (YoY)	9.29%	7.44%	-21.11%	8.01%	34.37%	-7.25%
Cost of Revenue	7,107,036	6,643,583	6,184,697	8,139,177	7,613,260	5,656,996
Gross Profit	1,218,773	1,229,554	1,116,758	1,094,664	911,001	696,206
Selling, General & Admin	883,778	862,994	781,209	704,500	606,551	529,326
Operating Expenses	895,205	874,275	789,497	710,481	610,841	533,865
Operating Income	323,568	355,279	327,261	384,183	300,160	162,341
Interest Expense	-78,948	-80,370	-72,552	-56,782	-21,837	-22,947
Interest & Investment Income	37,306	36,567	49,762	35,439	35,316	26,653
Earnings From Equity Investments	209,215	209,911	260,458	243,398	220,885	120,476
Currency Exchange Gain (Loss)	81,575	81,575	7,126	22,258	-13,989	342
Other Non Operating Income (Expenses)	-66,926	7,272	11,824	-18,431	2,018	-4,025
EBT Excluding Unusual Items	505,790	610,234	583,879	610,065	522,553	282,840
Impairment of Goodwill	-	-	-	-	-	-572
Gain (Loss) on Sale of Investments	130,542	30,658	3,469	57,475	11,183	7,727
Gain (Loss) on Sale of Assets	7,487	4,916	4,424	3,739	2,574	1,289
Asset Writedown	-33,233	-16,601	-24,636	-19,534	-7,520	-9,542
Pretax Income	610,586	629,207	567,136	651,745	528,790	281,742
Income Tax Expense	87,288	114,203	84,588	98,926	93,840	50,761
Earnings From Continuing Operations	523,298	515,004	482,548	552,819	434,950	230,981
Minority Interest in Earnings	-13,222	-12,039	-11,136	-9,818	-10,630	-7,725
Net Income	510,076	502,965	471,412	543,001	424,320	223,256
Preferred Dividends & Other Adjustments	-	-	952	2,550	2,971	3,929
Net Income to Common	510,076	502,965	470,460	540,451	421,349	219,327
Net Income Growth	-2.86%	6.69%	-13.18%	27.97%	90.06%	-
Shares Outstanding (Basic)	1,651	1,661	1,683	1,710	1,735	1,736
Shares Outstanding (Diluted)	1,652	1,663	1,685	1,713	1,738	1,738
Shares Change (YoY)	-0.80%	-1.32%	-1.62%	-1.46%	-0.03%	0.17%
EPS (Basic)	309.04	302.78	279.62	316.11	242.89	126.32
EPS (Diluted)	308.78	302.51	279.24	315.58	242.44	126.17
EPS Growth	-1.90%	8.33%	-11.52%	30.17%	92.16%	-
Free Cash Flow	399,499	420,391	289,098	502,074	210,114	272,979
Free Cash Flow Per Share	241.85	252.85	171.59	293.18	120.90	157.03
Dividend Per Share	100.000	95.000	85.000	78.000	62.000	33.000
Dividend Growth	12.99%	11.77%	8.97%	25.81%	87.88%	-5.71%
Gross Margin	14.79%	15.78%	15.40%	11.91%	10.71%	10.99%
Operating Margin	3.92%	4.56%	4.51%	4.18%	3.53%	2.56%
Profit Margin	6.19%	6.46%	6.49%	5.88%	4.95%	3.46%
Free Cash Flow Margin	4.85%	5.40%	3.99%	5.46%	2.47%	4.31%
EBITDA	446,162	473,147	429,444	478,724	383,677	249,609
EBITDA Margin	5.41%	6.07%	5.92%	5.21%	4.51%	3.94%
D&A For EBITDA	122,594	117,868	102,183	94,541	83,517	87,268
EBIT	323,568	355,279	327,261	384,183	300,160	162,341
EBIT Margin	3.92%	4.56%	4.51%	4.18%	3.53%	2.56%
Effective Tax Rate	14.30%	18.15%	14.92%	15.18%	17.75%	18.02%
Revenue as Reported	8,242,840	7,790,168	7,250,515	9,190,472	-	-

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