SMS Co Ltd
TSE:2175
Income Statement
Earnings Waterfall
SMS Co Ltd
Revenue
|
54B
JPY
|
Cost of Revenue
|
-6.4B
JPY
|
Gross Profit
|
47.5B
JPY
|
Operating Expenses
|
-39.3B
JPY
|
Operating Income
|
8.3B
JPY
|
Other Expenses
|
-1B
JPY
|
Net Income
|
7.2B
JPY
|
Income Statement
SMS Co Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12 046
N/A
|
12 613
+5%
|
13 119
+4%
|
13 993
+7%
|
15 056
+8%
|
16 088
+7%
|
16 889
+5%
|
17 232
+2%
|
19 069
+11%
|
20 266
+6%
|
21 735
+7%
|
22 940
+6%
|
23 055
+1%
|
23 509
+2%
|
24 226
+3%
|
25 570
+6%
|
26 611
+4%
|
27 605
+4%
|
28 489
+3%
|
29 407
+3%
|
30 836
+5%
|
32 148
+4%
|
33 424
+4%
|
34 112
+2%
|
35 140
+3%
|
36 300
+3%
|
36 150
0%
|
36 206
+0%
|
35 960
-1%
|
36 259
+1%
|
37 249
+3%
|
37 909
+2%
|
38 899
+3%
|
40 578
+4%
|
42 306
+4%
|
44 016
+4%
|
45 667
+4%
|
48 344
+6%
|
49 807
+3%
|
51 592
+4%
|
53 973
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(953)
|
(1 079)
|
(1 172)
|
(1 211)
|
(1 333)
|
(1 399)
|
(1 441)
|
(1 509)
|
(2 204)
|
(2 714)
|
(3 270)
|
(3 823)
|
(3 727)
|
(3 598)
|
(3 455)
|
(3 414)
|
(3 289)
|
(3 350)
|
(3 440)
|
(3 484)
|
(3 535)
|
(3 547)
|
(3 698)
|
(3 877)
|
(4 048)
|
(4 145)
|
(4 075)
|
(3 975)
|
(3 957)
|
(3 974)
|
(4 172)
|
(4 340)
|
(4 455)
|
(4 663)
|
(4 860)
|
(5 191)
|
(5 566)
|
(5 801)
|
(6 080)
|
(6 271)
|
(6 430)
|
|
Gross Profit |
11 094
N/A
|
11 535
+4%
|
11 946
+4%
|
12 783
+7%
|
13 724
+7%
|
14 688
+7%
|
15 448
+5%
|
15 723
+2%
|
16 865
+7%
|
17 553
+4%
|
18 465
+5%
|
19 117
+4%
|
19 328
+1%
|
19 911
+3%
|
20 772
+4%
|
22 156
+7%
|
23 322
+5%
|
24 255
+4%
|
25 049
+3%
|
25 923
+3%
|
27 301
+5%
|
28 601
+5%
|
29 726
+4%
|
30 235
+2%
|
31 092
+3%
|
32 155
+3%
|
32 075
0%
|
32 231
+0%
|
32 003
-1%
|
32 285
+1%
|
33 077
+2%
|
33 569
+1%
|
34 444
+3%
|
35 915
+4%
|
37 446
+4%
|
38 825
+4%
|
40 101
+3%
|
42 543
+6%
|
43 727
+3%
|
45 321
+4%
|
47 543
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(9 363)
|
(9 900)
|
(10 255)
|
(10 796)
|
(11 644)
|
(12 446)
|
(12 824)
|
(13 419)
|
(14 108)
|
(14 738)
|
(15 450)
|
(15 698)
|
(15 681)
|
(16 370)
|
(17 311)
|
(18 537)
|
(19 301)
|
(20 481)
|
(21 260)
|
(22 081)
|
(22 558)
|
(24 082)
|
(25 143)
|
(25 812)
|
(26 157)
|
(26 423)
|
(26 265)
|
(26 164)
|
(26 533)
|
(26 627)
|
(26 996)
|
(27 424)
|
(28 126)
|
(29 058)
|
(30 208)
|
(31 366)
|
(32 822)
|
(34 620)
|
(36 355)
|
(38 139)
|
(39 274)
|
|
Selling, General & Administrative |
(8 896)
|
(9 418)
|
(9 741)
|
(10 246)
|
(11 015)
|
(11 872)
|
(12 234)
|
(12 889)
|
(13 101)
|
(13 389)
|
(13 852)
|
(14 311)
|
(14 160)
|
(15 520)
|
(16 445)
|
(17 223)
|
(17 593)
|
(18 698)
|
(19 439)
|
(20 135)
|
(20 690)
|
(21 918)
|
(22 953)
|
(23 739)
|
(24 136)
|
(24 341)
|
(24 140)
|
(24 002)
|
(24 348)
|
(24 245)
|
(24 546)
|
(25 016)
|
(25 643)
|
(26 510)
|
(27 550)
|
(28 587)
|
(29 924)
|
(31 594)
|
(33 209)
|
(34 860)
|
(39 273)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
(5)
|
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
|
|
Depreciation & Amortization |
(467)
|
(482)
|
(513)
|
(550)
|
(607)
|
(519)
|
(535)
|
(531)
|
(983)
|
(1 196)
|
(1 444)
|
0
|
(1 517)
|
(829)
|
(845)
|
(1 312)
|
(1 707)
|
(1 742)
|
(1 781)
|
(1 791)
|
(1 868)
|
(1 883)
|
(1 910)
|
(1 947)
|
(2 020)
|
(2 081)
|
(2 123)
|
(2 161)
|
(2 185)
|
(2 253)
|
(2 328)
|
(2 408)
|
(2 482)
|
(2 547)
|
(2 651)
|
(2 772)
|
(2 896)
|
(3 026)
|
(3 144)
|
(3 276)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(22)
|
(55)
|
(55)
|
0
|
(0)
|
(153)
|
(153)
|
(1 387)
|
(0)
|
(21)
|
(22)
|
(2)
|
(1)
|
(41)
|
(40)
|
(155)
|
0
|
(281)
|
(280)
|
(126)
|
(1)
|
(1)
|
(2)
|
0
|
0
|
(129)
|
(122)
|
0
|
(1)
|
(1)
|
(7)
|
(7)
|
(2)
|
0
|
(3)
|
(4)
|
(1)
|
|
Operating Income |
1 730
N/A
|
1 635
-6%
|
1 692
+3%
|
1 986
+17%
|
2 079
+5%
|
2 243
+8%
|
2 624
+17%
|
2 304
-12%
|
2 757
+20%
|
2 815
+2%
|
3 015
+7%
|
3 419
+13%
|
3 646
+7%
|
3 541
-3%
|
3 460
-2%
|
3 620
+5%
|
4 021
+11%
|
3 774
-6%
|
3 789
+0%
|
3 842
+1%
|
4 743
+23%
|
4 519
-5%
|
4 583
+1%
|
4 423
-3%
|
4 935
+12%
|
5 732
+16%
|
5 810
+1%
|
6 067
+4%
|
5 470
-10%
|
5 658
+3%
|
6 081
+7%
|
6 145
+1%
|
6 318
+3%
|
6 857
+9%
|
7 238
+6%
|
7 459
+3%
|
7 279
-2%
|
7 923
+9%
|
7 372
-7%
|
7 182
-3%
|
8 269
+15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
293
|
340
|
347
|
378
|
403
|
550
|
545
|
572
|
961
|
1 076
|
1 070
|
1 048
|
794
|
702
|
722
|
820
|
939
|
1 229
|
1 396
|
1 340
|
1 246
|
1 403
|
1 287
|
1 378
|
1 365
|
1 207
|
1 167
|
1 045
|
1 178
|
1 167
|
1 309
|
1 398
|
1 399
|
1 535
|
1 455
|
1 465
|
1 464
|
1 399
|
1 414
|
1 342
|
1 589
|
|
Non-Reccuring Items |
(117)
|
76
|
76
|
84
|
142
|
0
|
0
|
(111)
|
(155)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
(34)
|
(39)
|
0
|
0
|
(26)
|
(281)
|
0
|
0
|
0
|
(13)
|
(21)
|
(28)
|
(150)
|
(136)
|
0
|
0
|
0
|
(6)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(19)
|
37
|
(104)
|
(109)
|
(95)
|
(180)
|
(38)
|
(31)
|
(54)
|
(25)
|
(65)
|
(67)
|
(164)
|
0
|
(125)
|
(127)
|
33
|
(11)
|
(10)
|
(27)
|
(117)
|
(79)
|
(78)
|
(60)
|
(14)
|
(12)
|
(9)
|
(12)
|
(13)
|
(14)
|
(13)
|
(38)
|
(159)
|
|
Total Other Income |
317
|
320
|
315
|
319
|
200
|
211
|
204
|
190
|
32
|
1
|
30
|
40
|
(30)
|
(3)
|
(13)
|
(39)
|
47
|
41
|
(2)
|
9
|
(10)
|
(159)
|
33
|
99
|
55
|
113
|
112
|
79
|
75
|
71
|
59
|
54
|
10
|
28
|
51
|
41
|
65
|
84
|
74
|
91
|
43
|
|
Pre-Tax Income |
2 224
N/A
|
2 370
+7%
|
2 429
+2%
|
2 767
+14%
|
2 825
+2%
|
3 002
+6%
|
3 371
+12%
|
2 953
-12%
|
3 576
+21%
|
3 929
+10%
|
4 011
+2%
|
4 398
+10%
|
4 295
-2%
|
4 060
-5%
|
4 131
+2%
|
4 335
+5%
|
4 914
+13%
|
5 019
+2%
|
5 118
+2%
|
5 098
0%
|
5 534
+9%
|
5 763
+4%
|
5 778
+0%
|
5 773
0%
|
6 375
+10%
|
7 020
+10%
|
7 051
+0%
|
7 014
-1%
|
6 470
-8%
|
6 817
+5%
|
7 371
+8%
|
7 537
+2%
|
7 707
+2%
|
8 401
+9%
|
8 735
+4%
|
8 953
+2%
|
8 795
-2%
|
9 392
+7%
|
8 847
-6%
|
8 577
-3%
|
9 742
+14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(853)
|
(807)
|
(837)
|
(941)
|
(993)
|
(1 085)
|
(1 234)
|
(1 124)
|
(1 167)
|
(1 288)
|
(1 367)
|
(1 467)
|
(1 291)
|
(1 195)
|
(1 164)
|
(1 224)
|
(1 408)
|
(1 348)
|
(1 339)
|
(1 233)
|
(1 342)
|
(1 324)
|
(1 339)
|
(1 430)
|
(1 615)
|
(1 859)
|
(1 835)
|
(1 901)
|
(1 669)
|
(1 740)
|
(1 942)
|
(1 956)
|
(2 298)
|
(2 494)
|
(2 601)
|
(2 631)
|
(2 389)
|
(2 571)
|
(2 394)
|
(2 357)
|
(2 514)
|
|
Income from Continuing Operations |
1 371
|
1 563
|
1 592
|
1 826
|
1 832
|
1 917
|
2 137
|
1 830
|
2 409
|
2 641
|
2 644
|
2 931
|
3 004
|
2 865
|
2 967
|
3 111
|
3 506
|
3 671
|
3 779
|
3 865
|
4 192
|
4 439
|
4 439
|
4 343
|
4 760
|
5 161
|
5 216
|
5 113
|
4 801
|
5 077
|
5 429
|
5 581
|
5 409
|
5 907
|
6 134
|
6 322
|
6 406
|
6 821
|
6 453
|
6 220
|
7 228
|
|
Income to Minority Interest |
9
|
6
|
3
|
1
|
(7)
|
(11)
|
(6)
|
(12)
|
(144)
|
(97)
|
(138)
|
(232)
|
(203)
|
(190)
|
(150)
|
(76)
|
(145)
|
(111)
|
(120)
|
(95)
|
25
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1 380
N/A
|
1 569
+14%
|
1 595
+2%
|
1 827
+15%
|
1 824
0%
|
1 906
+4%
|
2 131
+12%
|
1 817
-15%
|
2 266
+25%
|
2 544
+12%
|
2 506
-1%
|
2 699
+8%
|
2 801
+4%
|
2 674
-5%
|
2 817
+5%
|
3 035
+8%
|
3 361
+11%
|
3 561
+6%
|
3 659
+3%
|
3 711
+1%
|
4 216
+14%
|
4 371
+4%
|
4 378
+0%
|
4 342
-1%
|
4 760
+10%
|
5 162
+8%
|
5 216
+1%
|
5 112
-2%
|
4 800
-6%
|
5 075
+6%
|
5 429
+7%
|
5 581
+3%
|
5 408
-3%
|
5 907
+9%
|
6 133
+4%
|
6 321
+3%
|
6 406
+1%
|
6 820
+6%
|
6 453
-5%
|
6 220
-4%
|
7 227
+16%
|
|
EPS (Diluted) |
16.8
N/A
|
19.1
+14%
|
19.42
+2%
|
22.35
+15%
|
22.3
0%
|
23.44
+5%
|
26.21
+12%
|
22.4
-15%
|
27.85
+24%
|
31.17
+12%
|
30.86
-1%
|
32.52
+5%
|
33.64
+3%
|
30.7
-9%
|
19.03
-38%
|
34.96
+84%
|
38.57
+10%
|
40.83
+6%
|
25.06
-39%
|
42.66
+70%
|
48.23
+13%
|
50.02
+4%
|
50.04
+0%
|
49.67
-1%
|
54.44
+10%
|
59.03
+8%
|
59.64
+1%
|
58.39
-2%
|
54.85
-6%
|
57.97
+6%
|
62.01
+7%
|
63.7
+3%
|
61.76
-3%
|
67.47
+9%
|
70.05
+4%
|
72.2
+3%
|
73.13
+1%
|
77.86
+6%
|
73.63
-5%
|
71.3
-3%
|
82.75
+16%
|