F&M Co Ltd
TSE:4771
Income Statement
Earnings Waterfall
F&M Co Ltd
Revenue
|
14.1B
JPY
|
Cost of Revenue
|
-4.7B
JPY
|
Gross Profit
|
9.4B
JPY
|
Operating Expenses
|
-7.1B
JPY
|
Operating Income
|
2.3B
JPY
|
Other Expenses
|
-571.6m
JPY
|
Net Income
|
1.8B
JPY
|
Income Statement
F&M Co Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 229
N/A
|
4 471
+6%
|
4 515
+1%
|
4 623
+2%
|
4 700
+2%
|
4 724
+1%
|
4 859
+3%
|
5 064
+4%
|
5 328
+5%
|
5 512
+3%
|
5 718
+4%
|
5 863
+3%
|
6 002
+2%
|
6 217
+4%
|
6 215
0%
|
6 238
+0%
|
6 407
+3%
|
6 395
0%
|
6 516
+2%
|
6 666
+2%
|
6 836
+3%
|
7 120
+4%
|
7 189
+1%
|
7 292
+1%
|
7 436
+2%
|
7 563
+2%
|
7 621
+1%
|
7 724
+1%
|
8 022
+4%
|
8 165
+2%
|
8 618
+6%
|
9 263
+7%
|
10 040
+8%
|
10 875
+8%
|
11 529
+6%
|
11 863
+3%
|
12 598
+6%
|
12 700
+1%
|
13 382
+5%
|
13 911
+4%
|
14 101
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 277)
|
(1 341)
|
(1 386)
|
(1 435)
|
(1 477)
|
(1 520)
|
(1 521)
|
(1 563)
|
(1 580)
|
(1 642)
|
(1 675)
|
(1 672)
|
(1 734)
|
(1 774)
|
(1 827)
|
(1 886)
|
(1 914)
|
(1 932)
|
(1 945)
|
(1 964)
|
(2 031)
|
(2 093)
|
(2 129)
|
(2 170)
|
(2 200)
|
(2 230)
|
(2 241)
|
(2 297)
|
(2 469)
|
(2 562)
|
(2 787)
|
(3 001)
|
(3 227)
|
(3 527)
|
(3 691)
|
(3 812)
|
(4 009)
|
(4 005)
|
(4 271)
|
(4 506)
|
(4 689)
|
|
Gross Profit |
2 952
N/A
|
3 130
+6%
|
3 129
0%
|
3 188
+2%
|
3 222
+1%
|
3 204
-1%
|
3 338
+4%
|
3 501
+5%
|
3 749
+7%
|
3 870
+3%
|
4 043
+4%
|
4 191
+4%
|
4 269
+2%
|
4 442
+4%
|
4 388
-1%
|
4 353
-1%
|
4 493
+3%
|
4 463
-1%
|
4 571
+2%
|
4 702
+3%
|
4 805
+2%
|
5 026
+5%
|
5 061
+1%
|
5 122
+1%
|
5 236
+2%
|
5 333
+2%
|
5 380
+1%
|
5 427
+1%
|
5 553
+2%
|
5 603
+1%
|
5 831
+4%
|
6 261
+7%
|
6 813
+9%
|
7 349
+8%
|
7 838
+7%
|
8 051
+3%
|
8 589
+7%
|
8 694
+1%
|
9 110
+5%
|
9 405
+3%
|
9 412
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 312)
|
(2 402)
|
(2 435)
|
(2 432)
|
(2 446)
|
(2 483)
|
(2 524)
|
(2 580)
|
(2 647)
|
(2 839)
|
(2 958)
|
(3 045)
|
(3 108)
|
(3 219)
|
(3 256)
|
(3 309)
|
(3 354)
|
(3 315)
|
(3 355)
|
(3 375)
|
(3 439)
|
(3 621)
|
(3 689)
|
(4 109)
|
(4 364)
|
(4 380)
|
(4 397)
|
(4 224)
|
(4 271)
|
(4 384)
|
(4 573)
|
(4 744)
|
(4 936)
|
(5 105)
|
(5 374)
|
(5 653)
|
(6 002)
|
(6 092)
|
(6 414)
|
(6 764)
|
(7 065)
|
|
Selling, General & Administrative |
(2 313)
|
(2 402)
|
(2 435)
|
(2 432)
|
(2 446)
|
(2 483)
|
(2 524)
|
(2 581)
|
(2 647)
|
(2 839)
|
(2 958)
|
(3 045)
|
(3 108)
|
(3 219)
|
(3 256)
|
(3 309)
|
(3 354)
|
(3 315)
|
(3 355)
|
(3 375)
|
(3 439)
|
(3 620)
|
(3 689)
|
(4 109)
|
(4 364)
|
(4 381)
|
(4 397)
|
(4 225)
|
(4 271)
|
(4 384)
|
(4 574)
|
(4 744)
|
(4 936)
|
(5 105)
|
(5 374)
|
(5 653)
|
(6 002)
|
(6 092)
|
(6 414)
|
(6 764)
|
(7 065)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
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
|
|
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)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
640
N/A
|
728
+14%
|
694
-5%
|
757
+9%
|
776
+3%
|
720
-7%
|
815
+13%
|
921
+13%
|
1 101
+20%
|
1 031
-6%
|
1 085
+5%
|
1 146
+6%
|
1 161
+1%
|
1 223
+5%
|
1 133
-7%
|
1 044
-8%
|
1 139
+9%
|
1 148
+1%
|
1 216
+6%
|
1 327
+9%
|
1 367
+3%
|
1 405
+3%
|
1 372
-2%
|
1 013
-26%
|
872
-14%
|
952
+9%
|
983
+3%
|
1 203
+22%
|
1 283
+7%
|
1 219
-5%
|
1 257
+3%
|
1 518
+21%
|
1 877
+24%
|
2 244
+20%
|
2 464
+10%
|
2 398
-3%
|
2 586
+8%
|
2 603
+1%
|
2 696
+4%
|
2 641
-2%
|
2 347
-11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
2
|
3
|
3
|
4
|
6
|
7
|
8
|
9
|
10
|
11
|
11
|
12
|
12
|
13
|
13
|
13
|
13
|
12
|
11
|
10
|
10
|
9
|
9
|
9
|
9
|
9
|
9
|
8
|
9
|
8
|
8
|
99
|
|
Non-Reccuring Items |
(9)
|
(13)
|
(11)
|
(12)
|
(15)
|
(5)
|
(8)
|
(8)
|
(5)
|
(6)
|
(2)
|
(1)
|
(1)
|
1
|
0
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(2)
|
(3)
|
(5)
|
(5)
|
(3)
|
(5)
|
(4)
|
(2)
|
(1)
|
2
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
3
|
3
|
0
|
(4)
|
(7)
|
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
|
|
Total Other Income |
6
|
4
|
(3)
|
(1)
|
5
|
(3)
|
2
|
6
|
9
|
21
|
18
|
21
|
17
|
7
|
8
|
8
|
7
|
5
|
4
|
4
|
3
|
3
|
2
|
2
|
2
|
2
|
3
|
4
|
8
|
8
|
10
|
9
|
5
|
4
|
6
|
7
|
10
|
10
|
9
|
9
|
6
|
|
Pre-Tax Income |
639
N/A
|
721
+13%
|
680
-6%
|
739
+9%
|
758
+3%
|
713
-6%
|
809
+13%
|
920
+14%
|
1 106
+20%
|
1 047
-5%
|
1 103
+5%
|
1 169
+6%
|
1 181
+1%
|
1 237
+5%
|
1 148
-7%
|
1 060
-8%
|
1 156
+9%
|
1 163
+1%
|
1 230
+6%
|
1 341
+9%
|
1 381
+3%
|
1 419
+3%
|
1 386
-2%
|
1 026
-26%
|
885
-14%
|
962
+9%
|
993
+3%
|
1 215
+22%
|
1 296
+7%
|
1 234
-5%
|
1 275
+3%
|
1 535
+20%
|
1 893
+23%
|
2 259
+19%
|
2 479
+10%
|
2 413
-3%
|
2 604
+8%
|
2 621
+1%
|
2 713
+4%
|
2 658
-2%
|
2 452
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(268)
|
(305)
|
(287)
|
(301)
|
(289)
|
(245)
|
(261)
|
(294)
|
(358)
|
(335)
|
(349)
|
(362)
|
(358)
|
(375)
|
(350)
|
(317)
|
(346)
|
(340)
|
(358)
|
(391)
|
(399)
|
(408)
|
(401)
|
(289)
|
(245)
|
(298)
|
(302)
|
(375)
|
(417)
|
(390)
|
(421)
|
(508)
|
(625)
|
(710)
|
(788)
|
(759)
|
(819)
|
(739)
|
(767)
|
(742)
|
(677)
|
|
Income from Continuing Operations |
372
|
417
|
393
|
438
|
470
|
468
|
548
|
626
|
748
|
712
|
755
|
807
|
823
|
862
|
798
|
743
|
810
|
823
|
871
|
950
|
982
|
1 011
|
985
|
737
|
639
|
664
|
692
|
840
|
879
|
843
|
854
|
1 027
|
1 267
|
1 548
|
1 691
|
1 654
|
1 785
|
1 881
|
1 946
|
1 916
|
1 775
|
|
Income to Minority Interest |
0
|
(2)
|
(1)
|
(2)
|
(2)
|
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
|
|
Net Income (Common) |
372
N/A
|
415
+12%
|
392
-5%
|
437
+11%
|
468
+7%
|
469
+0%
|
548
+17%
|
626
+14%
|
748
+19%
|
712
-5%
|
755
+6%
|
807
+7%
|
823
+2%
|
862
+5%
|
798
-7%
|
743
-7%
|
810
+9%
|
823
+2%
|
871
+6%
|
950
+9%
|
982
+3%
|
1 011
+3%
|
985
-3%
|
737
-25%
|
639
-13%
|
664
+4%
|
692
+4%
|
840
+21%
|
879
+5%
|
843
-4%
|
854
+1%
|
1 027
+20%
|
1 267
+23%
|
1 548
+22%
|
1 691
+9%
|
1 654
-2%
|
1 785
+8%
|
1 881
+5%
|
1 946
+3%
|
1 916
-2%
|
1 775
-7%
|
|
EPS (Diluted) |
25.83
N/A
|
28.8
+11%
|
27.22
-5%
|
30.31
+11%
|
32.49
+7%
|
32.67
+1%
|
38.06
+16%
|
43.47
+14%
|
51.94
+19%
|
49.48
-5%
|
52.04
+5%
|
55.62
+7%
|
56.75
+2%
|
59.61
+5%
|
55.02
-8%
|
51.22
-7%
|
55.82
+9%
|
56.75
+2%
|
60.09
+6%
|
65.54
+9%
|
67.68
+3%
|
69.67
+3%
|
67.83
-3%
|
50.65
-25%
|
44.05
-13%
|
45.72
+4%
|
47.61
+4%
|
57.75
+21%
|
60.38
+5%
|
57.98
-4%
|
58.61
+1%
|
70.4
+20%
|
86.85
+23%
|
106.13
+22%
|
115.87
+9%
|
113.34
-2%
|
122.3
+8%
|
128.92
+5%
|
133.34
+3%
|
131.31
-2%
|
121.66
-7%
|