Truck-One Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	7,265	6,546	6,437	7,096	5,997	4,740
Revenue Growth (YoY)	14.00%	1.69%	-9.29%	18.33%	26.52%	3.09%
Cost of Revenue	6,158	5,606	5,624	6,272	5,289	4,156
Gross Profit	1,107	940	813	824	708	584
Selling, General & Admin	643	599	585	625	583	523
Amortization of Goodwill & Intangibles	-	-	5	5	5	1
Other Operating Expenses	12	12	14	11	9	6
Operating Expenses	682	638	631	662	622	548
Operating Income	425	302	182	162	86	36
Interest Expense	-15	-11	-9	-10	-10	-12
Interest & Investment Income	3	2	1	1	2	-
Other Non Operating Income (Expenses)	13	19	21	22	20	21
EBT Excluding Unusual Items	426	312	195	175	98	45
Gain (Loss) on Sale of Assets	4	-	-	1	-	-
Asset Writedown	-	-	-36	-	-	-
Other Unusual Items	-10	57	60	-	-	-
Pretax Income	420	369	219	176	98	45
Income Tax Expense	146	129	99	68	29	22
Net Income	274	240	120	108	69	23
Net Income to Common	274	240	120	108	69	23
Net Income Growth	39.80%	100.00%	11.11%	56.52%	200.00%	-46.51%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
EPS (Basic)	114.22	100.05	50.02	45.02	28.76	9.59
EPS (Diluted)	114.22	100.05	50.02	45.02	28.76	9.59
EPS Growth	39.80%	100.00%	11.11%	56.52%	200.00%	-46.51%
Free Cash Flow	-	336	-208	-604	84	-168
Free Cash Flow Per Share	-	140.06	-86.71	-251.78	35.02	-70.03
Dividend Per Share	13.000	9.000	8.000	6.500	5.000	5.000
Dividend Growth	62.50%	12.50%	23.08%	30.00%	-	-
Gross Margin	15.24%	14.36%	12.63%	11.61%	11.81%	12.32%
Operating Margin	5.85%	4.61%	2.83%	2.28%	1.43%	0.76%
Profit Margin	3.77%	3.67%	1.86%	1.52%	1.15%	0.48%
Free Cash Flow Margin	-	5.13%	-3.23%	-8.51%	1.40%	-3.54%
EBITDA	764.25	627	488	428	311	222
EBITDA Margin	10.52%	9.58%	7.58%	6.03%	5.19%	4.68%
D&A For EBITDA	339.25	325	306	266	225	186
EBIT	425	302	182	162	86	36
EBIT Margin	5.85%	4.61%	2.83%	2.28%	1.43%	0.76%
Effective Tax Rate	34.76%	34.96%	45.20%	38.64%	29.59%	48.89%
Advertising Expenses	-	20	6	5	3	2

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.