Results Snapshot
Figures in Million
Consolidate Annual Results
Mar'25
Mar'24
Mar'23
Mar'22
Sep'20
Sep'19
Sep'18
Net Sales
46,387.00
37,015.00
20,021.00
20,280.00
10,542.14
7,054.11
2,604.18
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
46,387.00
37,015.00
20,021.00
20,280.00
10,542.14
7,054.11
2,604.18
Raw Material Cost
21,579.00
14,756.00
7,853.00
4,542.00
2,714.59
2,948.36
1,601.44
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
0.00
0.00
0.00
0.00
0.00
0.00
712.31
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
327.00
131.00
49.00
36.00
40.49
138.53
0.49
Selling and Distribution Expenses
12,182.00
12,656.00
6,796.00
6,444.00
3,625.19
3,027.38
489.20
Other Expenses
-32.70
-13.10
-4.90
-3.60
-4.05
-13.85
-71.28
Total Expenditure (Excl Depreciation)
33,761.00
27,412.00
14,649.00
10,986.00
6,339.79
5,975.74
2,090.64
Operating Profit (PBDIT) excl Other Income
12626
9603
5372
9294
4202.3
1078.4
513.5
Other Income
1,558.00
116.00
376.00
-128.00
-11.34
5.38
0.78
Operating Profit (PBDIT)
16,571.00
11,542.00
6,720.00
9,726.00
4,763.73
1,610.76
541.16
Interest
327.00
131.00
49.00
36.00
40.49
138.53
0.49
Exceptional Items
-1,301.00
-2,384.00
-46.00
2.00
10.26
-6.63
-11.65
Gross Profit (PBDT)
24,808.00
22,259.00
12,168.00
15,738.00
7,827.54
4,105.74
1,002.73
Depreciation
2,387.00
1,823.00
972.00
560.00
572.72
527.02
26.85
Profit Before Tax
12,554.00
7,208.00
5,653.00
9,128.00
4,160.78
938.59
502.17
Tax
4,734.00
2,874.00
1,743.00
2,816.00
1,389.43
375.75
158.52
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
7,533.00
4,262.00
3,857.00
6,186.00
2,049.38
378.00
343.65
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
7,533.00
4,262.00
3,857.00
6,186.00
2,049.38
378.00
343.65
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
478.00
113.00
53.00
126.00
721.97
184.84
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
8,011.00
4,375.00
3,910.00
6,312.00
2,771.35
562.84
343.65
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
41,254.00
39,484.00
36,477.00
33,480.00
7,959.20
5,545.48
1,655.58
Earnings per share (EPS)
107.27
57.93
52.4
84.08
31.64
6.27
5.95
Diluted Earnings per share
107.27
57.93
52.4
84.08
31.64
6.27
5.95
Operating Profit Margin (Excl OI)
27.22%
25.94%
26.83%
45.83%
39.86%
15.29%
19.72%
Gross Profit Margin
32.21%
24.4%
33.09%
47.77%
44.9%
20.78%
20.31%
PAT Margin
16.24%
11.51%
19.26%
30.5%
19.44%
5.36%
13.2%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2025 is 25.32% vs 84.88% in Mar 2024
Consolidate Net Profit
YoY Growth in year ended Mar 2025 is 83.11% vs 11.89% in Mar 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2025 is 31.39% vs 80.11% in Mar 2024
Interest
YoY Growth in year ended Mar 2025 is 149.62% vs 167.35% in Mar 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2025 has improved from Mar 2024
Compare Annual Results Of CHANGE Holdings, Inc. With
Figures in Million
Consolidate Annual Results
Change(JPY)
Change(%)
Net Sales
46,387.00
43,202.00
3,185.00
7.37%
Other Operating Income
0.00
0.00
0.00
Total Operating income
46,387.00
43,202.00
3,185.00
7.37%
Raw Material Cost
21,579.00
5,791.00
15,788.00
272.63%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
0.00
0.00
0.00
Power Cost
0
0
0.00
Manufacturing Expenses
327.00
27.00
300.00
1,111.11%
Selling and Distribution Expenses
12,182.00
34,609.00
-22,427.00
-64.80%
Other Expenses
-32.70
-2.70
-30.00
-1,111.11%
Total Expenditure (Excl Depreciation)
33,761.00
40,400.00
-6,639.00
-16.43%
Operating Profit (PBDIT) excl Other Income
12,626.00
2,802.00
9,824.00
350.61%
Other Income
1,558.00
342.00
1,216.00
355.56%
Operating Profit (PBDIT)
16,571.00
4,215.00
12,356.00
293.14%
Interest
327.00
27.00
300.00
1,111.11%
Exceptional Items
-1,301.00
-2,675.00
1,374.00
51.36%
Gross Profit (PBDT)
24,808.00
37,411.00
-12,603.00
-33.69%
Depreciation
2,387.00
1,071.00
1,316.00
122.88%
Profit Before Tax
12,554.00
439.00
12,115.00
2,759.68%
Tax
4,734.00
25.00
4,709.00
18,836.00%
Provisions and contingencies
0
0
0.00
Profit After Tax
7,533.00
423.00
7,110.00
1,680.85%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
7,533.00
423.00
7,110.00
1,680.85%
Share in Profit of Associates
0
0
0.00
Minority Interest
478.00
-9.00
487.00
5,411.11%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
8,011.00
414.00
7,597.00
1,835.02%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
41,254.00
15,922.00
25,332.00
159.10%
Earnings per share (EPS)
107.27
3.30
103.97
3,150.61%
Diluted Earnings per share
107.27
3.30
103.97
3,150.61%
Operating Profit Margin (Excl OI)
27.22%
6.49%
0.00
20.73%
Gross Profit Margin
32.21%
3.50%
0.00
28.71%
PAT Margin
16.24%
0.98%
0.00
15.26%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 4,638.70 Million
in Mar 2025Figures in Million
YoY Growth in year ended Mar 2025 is 25.32% vs 84.88% in Mar 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 801.10 Million
in Mar 2025Figures in Million
YoY Growth in year ended Mar 2025 is 83.11% vs 11.89% in Mar 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 1,501.30 Million
in Mar 2025Figures in Million
YoY Growth in year ended Mar 2025 is 31.39% vs 80.11% in Mar 2024
Annual - Interest
Interest 32.70 Million
in Mar 2025Figures in Million
YoY Growth in year ended Mar 2025 is 149.62% vs 167.35% in Mar 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 27.22%
in Mar 2025Figures in %
YoY Growth in year ended Mar 2025 has improved from Mar 2024






