Income Statement | | | | | | | | | | |
| | | | | | | Press Release | | | |
JPY | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Mar-25 | | Jun-25 | | Jun-24 | Jun-25 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 1,908,150 | 2,514,291 | 3,195,537 | 3,386,676 | 3,235,648 | | 3,267,549 | | 747,953 | 779,854 |
% Growth | NA | 31.8% | 27.1% | 6.0% | -4.5% | | | | | 4.3% |
| | | | | | | | | | |
Cost of Revenue | (1,605,111) | (2,056,104) | (2,600,347) | (2,706,443) | (2,573,346) | | (2,620,567) | | (576,357) | (623,578) |
Gross Profit | 303,039 | 458,187 | 595,190 | 680,233 | 662,302 | | 646,982 | | 171,596 | 156,276 |
% Revenue | 15.9% | 18.2% | 18.6% | 20.1% | 20.5% | | 19.8% | | 22.9% | 20.0% |
| | | | | | | | | | |
Research and Development | (91,000) | (104,700) | (118,900) | (123,900) | (137,000) | | (137,000) | | 0 | 0 |
Selling and Marketing | (63,431) | (82,186) | (109,862) | (106,863) | 0 | | 0 | | 0 | 0 |
General and Admin | (128,509) | (163,115) | (204,716) | (247,810) | (430,265) | | (434,798) | | (94,683) | (99,216) |
Other Inc / (Exp) | 64,131 | 89,658 | 99,224 | 92,106 | 137,578 | | 143,688 | | (3,147) | 2,963 |
Total Operating Exp | (218,809) | (260,343) | (334,254) | (386,467) | (429,687) | | (428,110) | | (97,830) | (96,253) |
| | | | | | | | | | |
Operating Income | 84,230 | 197,844 | 260,936 | 293,766 | 232,615 | | 218,872 | | 73,766 | 60,023 |
% Revenue | 4.4% | 7.9% | 8.2% | 8.7% | 7.2% | | 6.7% | | 9.9% | 7.7% |
| | | | | | | | | | |
Interest Expense | 2,598 | 6,437 | 8,904 | 11,824 | 12,348 | | 13,940 | | 2,595 | 4,187 |
Pre-tax Income | 86,828 | 204,281 | 269,840 | 305,590 | 244,963 | | 232,812 | | 76,361 | 64,210 |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | (34,292) | (47,562) | (73,241) | (84,235) | (64,043) | | (60,919) | | (17,014) | (13,890) |
Net Income to Company | 52,536 | 156,719 | 196,599 | 221,355 | 180,920 | | 171,893 | | 59,347 | 50,320 |
% Margin | 2.8% | 6.2% | 6.2% | 6.5% | 5.6% | | 5.3% | | 7.9% | 6.5% |
| | | | | | | | | | |
Minority Interest in Earnings | (9,828) | (30,526) | (44,856) | (44,913) | (40,858) | | (37,326) | | (12,435) | (8,903) |
Net Income to Stockholders | 42,708 | 126,193 | 151,743 | 176,442 | 140,062 | | 134,567 | | 46,912 | 41,417 |
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Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
Net Income to Common | 42,708 | 126,193 | 151,743 | 176,442 | 140,062 | | 134,567 | | 46,912 | 41,417 |
% Margin | 2.2% | 5.0% | 4.7% | 5.2% | 4.3% | | 4.1% | | 6.3% | 5.3% |
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As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | 57.91 | 162.87 | 195.75 | 229.92 | 190.78 | | 186.30 | | 62.66 | 58.18 |
Diluted EPS (Continuing Ops) | 57.91 | 162.87 | 195.75 | 229.92 | 190.75 | | 186.25 | | 62.66 | 58.16 |
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WA Basic Shares Out. | 737.54 | 774.81 | 775.18 | 767.39 | 734.16 | | 697.32 | | 748.68 | 711.85 |
WA Diluted Shares Out. | 737.54 | 774.81 | 775.18 | 767.39 | 734.26 | | 697.70 | | 748.68 | 712.12 |
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EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | 86,828 | 204,281 | 269,840 | 305,590 | 244,963 | | 232,812 | | 76,361 | 64,210 |
Addback: Net Interest Expense | (2,598) | (6,437) | (8,904) | (11,824) | (12,348) | | (13,940) | | (2,595) | (4,187) |
Addback: Other Non Operating Expenses, Total | (6,222) | (15,019) | (8,372) | (9,835) | (3,153) | | (2,269) | | (3,684) | (2,800) |
Addback: Depreciation & Amortization | 84,561 | 102,669 | 111,474 | 119,706 | 151,201 | | 160,553 | | 27,931 | 37,283 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | (500) | 2,196 | (3,045) | 3,753 | 0 | | 426 | | (426) | 0 |
Addback: Gain (Loss) On Sale Of Assets | 795 | 1,444 | 1,148 | (905) | 3,200 | | (3,664) | | 6,864 | 0 |
Addback: Asset Writedown | 14,130 | 592 | 1,211 | 6,304 | 620 | | 64 | | 556 | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | (6) | | 6 | 0 |
Addback: Other Unusual Items | 3,301 | 141 | 1,670 | 3 | 0 | | 169 | | (169) | 0 |
Adjusted EBITDA | 180,295 | 289,867 | 365,022 | 412,792 | 384,483 | | 374,145 | | 104,844 | 94,506 |
% Margin | 9.4% | 11.5% | 11.4% | 12.2% | 11.9% | | 11.5% | | 14.0% | 12.1% |
| | | | | | | | | | |
Adjusted EBIT | 95,734 | 187,198 | 253,548 | 293,086 | 233,282 | | 213,592 | | 76,913 | 57,223 |
% Margin | 5.0% | 7.4% | 7.9% | 8.7% | 7.2% | | 6.5% | | 10.3% | 7.3% |
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Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | 52,536 | 156,719 | 196,599 | 221,355 | 180,920 | | 171,893 | | 59,347 | 50,320 |
Addback: Unusual Items | 17,726 | 4,373 | 984 | 9,155 | 3,820 | | (3,011) | | 6,831 | 0 |
Less: Tax Benefit of Unusual Items (26%) | (4,609) | (1,137) | (256) | (2,380) | (993) | | 783 | | (1,776) | 0 |
Adjusted Net Income | 65,653 | 159,955 | 197,327 | 228,130 | 183,747 | | 169,665 | | 64,402 | 50,320 |
% Margin | 3.4% | 6.4% | 6.2% | 6.7% | 5.7% | | 5.2% | | 8.6% | 6.5% |