HEIWA PAPER CO.,LTD. (9929.T) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	15.8B	15.8B	16.0B	16.1B	16.1B
Cost of Revenue	2.9B	12.5B	12.8B	12.8B	12.8B
Gross Profit	781.5M	3.3B	3.3B	3.3B	3.2B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	805.2M	3.2B	3.1B	3.1B	3.1B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	805.2M	3.2B	3.1B	3.1B	3.1B
Cost and Expenses	15.7B	15.7B	15.9B	16.0B	15.9B
Operating Income (EBIT)	99.0M	99.0M	142.0M	158.0M	138.0M
Non-Operating
Interest Income	613.0K	3.3M	3.3M	5.3M	4.7M
Interest Expense	6.6M	24.8M	25.9M	20.9M	14.3M
Net Interest Income	(6.0M)	(21.5M)	(22.7M)	(15.6M)	(9.6M)
Other Non-Op Income/Expense	30.3M	46.8M	63.5M	63.8M	53.8M
Non-Operating Income (excl Interest)	40.9M	108.6M	91.1M	85.7M	101.7M
EBT (Pre-Tax Income)	6.6M	141.2M	192.2M	220.4M	1.3B
Income Tax Expense	16.5M	62.5M	75.2M	84.1M	405.1M
Bottom Line
Net Income	78.0M	78.0M	117.0M	136.0M	874.0M
Earnings from Cont. Ops	—	—	—	—	—
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	78.0M	78.0M	117.0M	136.0M	874.0M
Per Share
Basic EPS	¥8	¥8	¥12	¥14	¥91
Diluted EPS	¥8	¥8	—	—	—
Revenue Per Share	¥1,684	¥1,684	¥1,695	¥1,705	¥1,678
Shares
Basic Shares Outstanding	9.4M	9.4M	9.5M	9.5M	9.6M
Diluted Shares Outstanding	—	—	—	—	—
Profitability Metrics
EBITDA	—	286.8M	304.1M	272.5M	240.8M
D&A	—	187.8M	162.1M	114.5M	102.8M
EBIT	99.0M	99.0M	142.0M	158.0M	138.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026