Income Statement

Revenue

+31%

+45%

10Y

Currency: JPY

	Jun-2004	Sep-2004	Dec-2004	Jun-2005	Sep-2005	Dec-2005	Jun-2006	Sep-2006	Dec-2006	Jun-2007	Sep-2007	Dec-2007	Jun-2008	Sep-2008	Dec-2008	Jun-2009	Sep-2009	Dec-2009	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	11	0	0	10	0	0	9	19	29	39	39	39	39	39	40	40	40	40	45	45	45	45	40	39	40	48	53	58	60	56	54	53	52	55	52	50	48	41	40	38	39	38	38	39	37	39	32	25	19	11	13	12	12	13	11	13	13	12	13	14	16	18	19	20	20	19	0	0	0
Revenue	104 731 N/A	110 096 +5%	111 573 +1%	113 683 +2%	114 636 +1%	115 447 +1%	120 141 +4%	126 190 +5%	131 533 +4%	133 789 +2%	133 827 +0%	134 457 +0%	133 553 -1%	133 671 +0%	129 101 -3%	119 170 -8%	109 559 -8%	106 108 -3%	109 265 +3%	117 386 +7%	121 252 +3%	169 931 +40%	175 123 +3%	175 212 +0%	175 580 +0%	180 084 +3%	181 275 +1%	186 805 +3%	193 883 +4%	197 380 +2%	201 504 +2%	208 984 +4%	217 968 +4%	233 695 +7%	238 801 +2%	240 492 +1%	241 840 +1%	239 411 -1%	241 213 +1%	245 789 +2%	247 717 +1%	250 064 +1%	247 370 -1%	241 680 -2%	240 095 -1%	241 417 +1%	244 096 +1%	249 668 +2%	252 557 +1%	258 107 +2%	263 614 +2%	268 310 +2%	274 071 +2%	278 525 +2%	284 375 +2%	292 895 +3%	292 446 0%	293 717 +0%	286 203 -3%	276 627 -3%	278 342 +1%	277 369 0%	282 688 +2%	284 191 +1%	285 466 +0%	289 071 +1%	294 219 +2%	300 520 +2%	307 416 +2%	316 947 +3%	323 405 +2%	331 613 +3%	339 797 +2%	345 369 +2%	353 183 +2%	366 311 +4%	375 419 +2%	384 012 +2%	389 400 +1%	396 529 +2%	402 857 +2%
Gross Profit
Cost of Revenue	(88 373)	(92 994)	(94 262)	(96 182)	(97 131)	(97 810)	(102 184)	(107 271)	(111 739)	(113 338)	(113 210)	(113 783)	(113 436)	(113 651)	(109 656)	(101 118)	(93 371)	(90 701)	(93 473)	(99 843)	(102 474)	(144 225)	(148 143)	(148 252)	(148 540)	(152 394)	(153 352)	(158 105)	(164 534)	(168 076)	(171 429)	(177 328)	(184 393)	(196 974)	(200 752)	(201 884)	(203 247)	(201 494)	(203 636)	(208 160)	(209 987)	(211 714)	(208 996)	(203 535)	(201 802)	(203 040)	(205 217)	(209 698)	(212 102)	(216 789)	(221 603)	(225 769)	(230 439)	(234 231)	(238 378)	(245 719)	(245 331)	(246 404)	(240 467)	(232 373)	(234 227)	(233 972)	(238 130)	(238 955)	(238 913)	(240 911)	(244 446)	(250 192)	(255 788)	(264 624)	(270 752)	(277 317)	(284 187)	(288 316)	(294 284)	(305 114)	(313 129)	(318 926)	(322 999)	(328 140)	(332 387)
Gross Profit	16 358 N/A	17 103 +5%	17 311 +1%	17 501 +1%	17 504 +0%	17 637 +1%	17 957 +2%	18 919 +5%	19 794 +5%	20 451 +3%	20 617 +1%	20 674 +0%	20 117 -3%	20 020 0%	19 445 -3%	18 052 -7%	16 188 -10%	15 407 -5%	15 792 +2%	17 543 +11%	18 778 +7%	25 706 +37%	26 980 +5%	26 960 0%	27 040 +0%	27 690 +2%	27 923 +1%	28 700 +3%	29 349 +2%	29 304 0%	30 075 +3%	31 656 +5%	33 575 +6%	36 721 +9%	38 049 +4%	38 608 +1%	38 593 0%	37 917 -2%	37 577 -1%	37 629 +0%	37 730 +0%	38 350 +2%	38 374 +0%	38 145 -1%	38 293 +0%	38 377 +0%	38 879 +1%	39 970 +3%	40 455 +1%	41 318 +2%	42 011 +2%	42 541 +1%	43 632 +3%	44 294 +2%	45 997 +4%	47 176 +3%	47 115 0%	47 313 +0%	45 736 -3%	44 254 -3%	44 115 0%	43 397 -2%	44 558 +3%	45 236 +2%	46 553 +3%	48 160 +3%	49 773 +3%	50 328 +1%	51 628 +3%	52 323 +1%	52 653 +1%	54 296 +3%	55 610 +2%	57 053 +3%	58 899 +3%	61 197 +4%	62 290 +2%	65 086 +4%	66 401 +2%	68 389 +3%	70 470 +3%
Operating Income
Operating Expenses	(11 211)	(11 604)	(11 784)	(11 902)	(11 897)	(11 836)	(11 971)	(12 085)	(12 394)	(12 590)	(12 667)	(12 696)	(12 766)	(12 822)	(12 605)	(11 940)	(11 357)	(11 155)	(11 654)	(12 455)	(13 256)	(18 081)	(18 417)	(18 539)	(18 576)	(18 829)	(19 188)	(19 295)	(19 475)	(19 873)	(19 986)	(21 318)	(22 743)	(24 774)	(25 747)	(25 716)	(25 656)	(24 724)	(25 119)	(25 430)	(25 509)	(25 406)	(25 656)	(25 844)	(26 060)	(25 996)	(26 176)	(26 480)	(26 836)	(27 940)	(28 248)	(28 558)	(29 192)	(30 180)	(30 624)	(31 253)	(31 124)	(31 202)	(30 599)	(29 815)	(29 497)	(27 942)	(28 548)	(29 102)	(30 262)	(31 899)	(32 632)	(33 100)	(33 449)	(33 682)	(33 986)	(34 756)	(35 471)	(35 731)	(36 601)	(37 848)	(38 649)	(39 530)	(40 592)	(40 606)	(41 419)
Selling, General & Administrative	(11 211)	(11 604)	(11 784)	(11 902)	(11 898)	(11 836)	(11 971)	(12 084)	(12 394)	(12 590)	(12 667)	(12 696)	(12 766)	(12 822)	(12 605)	(11 940)	(11 357)	(11 155)	(11 654)	(12 455)	(13 256)	(18 081)	(18 417)	(18 539)	(18 576)	(18 828)	(19 186)	(19 294)	(19 473)	(19 872)	(19 985)	(21 316)	(22 742)	(24 773)	(25 747)	(25 715)	(25 655)	(24 723)	(25 117)	(25 429)	(25 508)	(25 404)	(25 655)	(25 841)	(26 058)	(24 935)	(26 175)	(26 481)	(26 835)	(26 877)	(28 246)	(28 556)	(29 192)	(29 118)	(30 623)	(31 253)	(31 123)	(30 055)	(30 599)	(29 814)	(29 496)	(26 977)	(28 548)	(29 102)	(30 261)	(30 985)	(32 632)	(33 099)	(33 449)	(32 756)	(33 985)	(34 756)	(35 471)	(34 702)	(36 601)	(37 848)	(38 648)	(38 477)	(40 590)	(40 605)	(41 418)
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(882)	0	0	0	(965)	0	0	0	(913)	0	0	0	(926)	0	0	0	(1 028)	0	0	0	(1 052)	0	0	0
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(1 061)	0	0	0	(1 061)	0	0	0	(1 061)	0	0	0	(265)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(1)	(2)	(1)	(2)	(1)	(1)	0	0	(1)	0	(1)	0	(1)	(2)	0	(1)	(2)	0	(3)	(2)	0	(1)	0	(1)	(2)	(2)	(2)	(1)	(1)	(2)	(1)	0	0	0	0	(1)	0	0	0	(1)	(1)	0	(1)	0	0	(1)	0	0	(1)	0	0	(1)	(1)	(2)	(1)	(1)
Operating Income	5 147 N/A	5 498 +7%	5 527 +1%	5 599 +1%	5 607 +0%	5 801 +3%	5 986 +3%	6 835 +14%	7 400 +8%	7 861 +6%	7 950 +1%	7 978 +0%	7 351 -8%	7 198 -2%	6 840 -5%	6 112 -11%	4 831 -21%	4 252 -12%	4 138 -3%	5 088 +23%	5 522 +9%	7 625 +38%	8 563 +12%	8 421 -2%	8 464 +1%	8 861 +5%	8 735 -1%	9 405 +8%	9 874 +5%	9 431 -4%	10 089 +7%	10 338 +2%	10 832 +5%	11 947 +10%	12 302 +3%	12 892 +5%	12 937 +0%	13 193 +2%	12 458 -6%	12 199 -2%	12 221 +0%	12 944 +6%	12 718 -2%	12 301 -3%	12 233 -1%	12 381 +1%	12 703 +3%	13 490 +6%	13 619 +1%	13 378 -2%	13 763 +3%	13 983 +2%	14 440 +3%	14 114 -2%	15 373 +9%	15 923 +4%	15 991 +0%	16 111 +1%	15 137 -6%	14 439 -5%	14 618 +1%	15 455 +6%	16 010 +4%	16 134 +1%	16 291 +1%	16 261 0%	17 141 +5%	17 228 +1%	18 179 +6%	18 641 +3%	18 667 +0%	19 540 +5%	20 139 +3%	21 322 +6%	22 298 +5%	23 349 +5%	23 641 +1%	25 556 +8%	25 809 +1%	27 783 +8%	29 051 +5%
Pre-Tax Income
Interest Income Expense	113	148	0	0	43	0	192	162	70	6	39	9	148	52	267	212	212	182	185	166	162	171	204	250	247	246	215	208	207	204	252	224	227	223	381	656	722	934	648	355	321	336	264	268	201	192	201	211	277	362	528	520	527	488	348	354	368	911	1 512	2 029	2 011	1 436	898	672	693	1 121	1 650	2 169	1 902	1 794	1 689	1 263	1 234	1 368	1 329	738	1 434	1 059	1 316	1 681	1 562
Non-Reccuring Items	(420)	(115)	(50)	(1)	9	20	25	(12)	(16)	(17)	(259)	(258)	(261)	(2)	(1 440)	(1 441)	(1 436)	(16)	(115)	(772)	(760)	(1 082)	(985)	(1 114)	(1 112)	(886)	(888)	(315)	(316)	(858)	(855)	(661)	(659)	(40)	(41)	(25)	(33)	(63)	(62)	(95)	(88)	(53)	(54)	(22)	(23)	(61)	(63)	(59)	(60)	(88)	(86)	(118)	(204)	(124)	(127)	(102)	(31)	(92)	(170)	(278)	(303)	(257)	(175)	(76)	(39)	(43)	(46)	(34)	(28)	166	169	169	171	(2)	(4)	(174)	(177)	(234)	(233)	(61)	(59)
Gain/Loss on Disposition of Assets	(504)	(970)	(80)	(18)	47	56	57	0	(9)	77	64	38	(46)	(40)	0	0	46	94	49	(22)	(70)	(72)	(29)	(4)	(4)	(2)	0	0	1	2	1	(6)	58	111	111	252	377	325	325	191	14	0	22	22	359	351	351	351	1	1	1	1	2	2	2	4	4	4	4	2	0	5	3	154	154	149	151	15	18	18	20	7	5	7	3	2	2	3	3	5	6
Total Other Income	109	89	147	160	106	213	107	77	109	106	110	154	64	162	(57)	(49)	(33)	(9)	35	13	5	32	(34)	(33)	(65)	(99)	(128)	(174)	(160)	(226)	(248)	(237)	(231)	(194)	(131)	(75)	(22)	(133)	92	6	(176)	(300)	(452)	(496)	(315)	(117)	15	148	140	(170)	(156)	(137)	(220)	(90)	(151)	(180)	(106)	(77)	(149)	(102)	(237)	(58)	118	139	335	216	490	523	904	464	196	147	(85)	237	244	291	313	270	249	205	224
Pre-Tax Income	4 445 N/A	4 651 +5%	5 544 +19%	5 740 +4%	5 812 +1%	6 090 +5%	6 367 +5%	7 062 +11%	7 554 +7%	8 033 +6%	7 904 -2%	7 921 +0%	7 256 -8%	7 370 +2%	5 610 -24%	4 834 -14%	3 620 -25%	4 503 +24%	4 292 -5%	4 473 +4%	4 859 +9%	6 674 +37%	7 719 +16%	7 520 -3%	7 530 +0%	8 120 +8%	7 934 -2%	9 124 +15%	9 606 +5%	8 553 -11%	9 239 +8%	9 658 +5%	10 227 +6%	12 047 +18%	12 622 +5%	13 700 +9%	13 981 +2%	14 256 +2%	13 461 -6%	12 656 -6%	12 292 -3%	12 927 +5%	12 498 -3%	12 073 -3%	12 455 +3%	12 746 +2%	13 207 +4%	14 141 +7%	13 977 -1%	13 483 -4%	14 050 +4%	14 249 +1%	14 545 +2%	14 390 -1%	15 445 +7%	15 999 +4%	16 226 +1%	16 857 +4%	16 334 -3%	16 090 -1%	16 089 0%	16 581 +3%	16 856 +2%	17 025 +1%	17 434 +2%	17 704 +2%	19 386 +10%	19 901 +3%	20 975 +5%	21 083 +1%	20 741 -2%	21 126 +2%	21 464 +2%	22 932 +7%	23 870 +4%	24 206 +1%	25 213 +4%	26 654 +6%	27 144 +2%	29 613 +9%	30 784 +4%
Net Income
Tax Provision	(1 919)	(2 137)	(2 486)	(2 501)	(2 523)	(2 633)	(2 791)	(3 043)	(3 249)	(3 429)	(3 391)	(3 392)	(3 114)	(3 205)	(2 506)	(2 177)	(1 610)	(1 961)	(1 890)	(1 981)	(2 150)	(3 039)	(3 435)	(3 353)	(3 434)	(3 676)	(3 551)	(3 990)	(4 045)	(3 672)	(3 946)	(4 193)	(4 517)	(5 412)	(5 502)	(5 706)	(5 727)	(5 509)	(5 269)	(4 933)	(4 750)	(5 009)	(4 812)	(4 637)	(4 646)	(4 574)	(4 644)	(4 900)	(4 909)	(4 614)	(4 827)	(4 901)	(5 001)	(4 927)	(5 323)	(5 401)	(5 380)	(5 295)	(5 022)	(4 938)	(4 911)	(5 258)	(5 323)	(5 244)	(5 387)	(5 438)	(5 974)	(6 273)	(6 564)	(5 656)	(5 540)	(5 717)	(5 857)	(7 309)	(7 596)	(7 628)	(7 934)	(7 870)	(7 913)	(8 646)	(8 958)
Income from Continuing Operations	2 526	2 515	3 058	3 239	3 288	3 457	3 576	4 019	4 305	4 604	4 513	4 529	4 142	4 165	3 104	2 657	2 010	2 542	2 402	2 492	2 709	3 635	4 284	4 167	4 096	4 444	4 383	5 134	5 561	4 881	5 293	5 465	5 710	6 635	7 120	7 994	8 254	8 747	8 192	7 723	7 542	7 918	7 686	7 436	7 809	8 172	8 563	9 241	9 068	8 869	9 223	9 348	9 544	9 463	10 122	10 598	10 846	11 562	11 312	11 152	11 178	11 323	11 533	11 781	12 047	12 266	13 412	13 628	14 411	15 427	15 201	15 409	15 607	15 623	16 274	16 578	17 279	18 784	19 231	20 967	21 826
Income to Minority Interest	(1)	(3)	(2)	(3)	(2)	(4)	(5)	(7)	(6)	(7)	(3)	0	2	(3)	(4)	0	2	2	1	(2)	(5)	(6)	(8)	(3)	0	(1)	(1)	(3)	(5)	(8)	(13)	(12)	(10)	(10)	(6)	(5)	(7)	(5)	0	(7)	(7)	(8)	(8)	(6)	(3)	(1)	0	1	(2)	(2)	(2)	(4)	0	0	0	1	(1)	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	2 521 N/A	2 509 0%	3 053 +22%	3 234 +6%	3 283 +2%	3 452 +5%	3 569 +3%	4 011 +12%	4 297 +7%	4 595 +7%	4 506 -2%	4 525 +0%	4 139 -9%	4 159 +0%	3 098 -26%	2 657 -14%	2 012 -24%	2 545 +26%	2 402 -6%	2 486 +3%	2 694 +8%	3 625 +35%	4 271 +18%	4 163 -3%	4 101 -1%	4 442 +8%	4 384 -1%	5 129 +17%	5 554 +8%	4 872 -12%	5 277 +8%	5 452 +3%	5 699 +5%	6 624 +16%	7 114 +7%	7 987 +12%	8 245 +3%	8 741 +6%	8 186 -6%	7 716 -6%	7 536 -2%	7 909 +5%	7 676 -3%	7 431 -3%	7 805 +5%	8 169 +5%	8 563 +5%	9 239 +8%	9 064 -2%	8 866 -2%	9 219 +4%	9 342 +1%	9 542 +2%	9 462 -1%	10 121 +7%	10 600 +5%	10 845 +2%	11 563 +7%	11 312 -2%	11 151 -1%	11 178 +0%	11 323 +1%	11 532 +2%	11 781 +2%	12 047 +2%	12 266 +2%	13 413 +9%	13 628 +2%	14 410 +6%	15 427 +7%	15 201 -1%	15 409 +1%	15 608 +1%	15 623 +0%	16 274 +4%	16 577 +2%	17 279 +4%	18 783 +9%	19 229 +2%	20 967 +9%	21 824 +4%
EPS (Diluted)	25.85 N/A	51.2 +98%	62.3 +22%	36.65 -41%	72.95 +99%	76.71 +5%	39.97 -48%	89.13 +123%	95.48 +7%	51.12 -46%	100.13 +96%	100.57 +0%	46.02 -54%	92.43 +101%	68.84 -26%	30.22 -56%	45.72 +51%	57.84 +27%	27.32 -53%	28.28 +4%	30.63 +8%	41.2 +35%	48.55 +18%	47.35 -2%	46.61 -2%	50.45 +8%	49.68 -2%	58.22 +17%	62.87 +8%	54.91 -13%	56.28 +2%	50.03 -11%	51.9 +4%	62.66 +21%	64.46 +3%	72.02 +12%	73.93 +3%	78.7 +6%	73.13 -7%	68.98 -6%	67.4 -2%	70.84 +5%	69.39 -2%	67.2 -3%	70.85 +5%	73.83 +4%	77.28 +5%	82.97 +7%	80.68 -3%	79.29 -2%	81.79 +3%	82.83 +1%	84.63 +2%	84.05 -1%	90.65 +8%	94.63 +4%	96.28 +2%	103.02 +7%	101.44 -2%	99.49 -2%	99.43 0%	100.98 +2%	102.92 +2%	104.76 +2%	106.99 +2%	109.26 +2%	120.2 +10%	121.57 +1%	128.45 +6%	137.88 +7%	135.04 -2%	136.35 +1%	137.86 +1%	138.21 +0%	143.34 +4%	145.33 +1%	151.19 +4%	164.8 +9%	169.64 +3%	183.85 +8%	191.8 +4%

Income Statement Balance Sheet Cash Flow Statement

Inaba Denki Sangyo Co Ltd
TSE:9934

Income Statement

Earnings Waterfall
Inaba Denki Sangyo Co Ltd

Income Statement
Inaba Denki Sangyo Co Ltd

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Inaba Denki Sangyo Co Ltd TSE:9934

Income Statement

Earnings Waterfall Inaba Denki Sangyo Co Ltd

Income Statement Inaba Denki Sangyo Co Ltd

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Inaba Denki Sangyo Co Ltd
TSE:9934

Earnings Waterfall
Inaba Denki Sangyo Co Ltd

Income Statement
Inaba Denki Sangyo Co Ltd