Frontier Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	1,707	1,686	1,634	2,161	1,917	1,676
Revenue Growth (YoY)	7.49%	3.18%	-24.39%	12.73%	14.38%	13.24%
Cost of Revenue	981	966	1,018	1,450	1,352	1,118
Gross Profit	726	720	616	711	565	558
Selling, General & Admin	607	597	593	598	505	472
Operating Expenses	607	597	593	598	505	472
Operating Income	119	123	23	113	60	86
Interest Expense	-3	-5	-7	-14	-10	-6
Interest & Investment Income	-	-	1	-	-	-
Currency Exchange Gain (Loss)	-2	-2	10	3	-9	-
Other Non Operating Income (Expenses)	-3	2	3	-	3	1
EBT Excluding Unusual Items	111	118	30	102	44	81
Gain (Loss) on Sale of Assets	1	3	2	4	-	-
Pretax Income	112	121	32	106	44	81
Income Tax Expense	36	40	5	25	5	16
Net Income	76	81	27	81	39	65
Net Income to Common	76	81	27	81	39	65
Net Income Growth	153.33%	200.00%	-66.67%	107.69%	-40.00%	6.56%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	-0.46%	-	-	0.01%	9.46%	0.72%
EPS (Basic)	54.96	58.31	19.44	58.31	28.08	51.22
EPS (Diluted)	54.96	58.31	19.44	58.31	28.08	51.22
EPS Growth	154.50%	200.00%	-66.67%	107.67%	-45.18%	5.80%
Free Cash Flow	-	144	137	19	-96	-39
Free Cash Flow Per Share	-	103.66	98.62	13.68	-69.11	-30.73
Dividend Per Share	35.000	35.000	5.000	12.500	7.500	7.500
Dividend Growth	600.00%	600.00%	-60.00%	66.67%	-	-
Gross Margin	42.53%	42.70%	37.70%	32.90%	29.47%	33.29%
Operating Margin	6.97%	7.29%	1.41%	5.23%	3.13%	5.13%
Profit Margin	4.45%	4.80%	1.65%	3.75%	2.03%	3.88%
Free Cash Flow Margin	-	8.54%	8.38%	0.88%	-5.01%	-2.33%
EBITDA	135.5	140	42	128	64	90
EBITDA Margin	7.94%	8.30%	2.57%	5.92%	3.34%	5.37%
D&A For EBITDA	16.5	17	19	15	4	4
EBIT	119	123	23	113	60	86
EBIT Margin	6.97%	7.29%	1.41%	5.23%	3.13%	5.13%
Effective Tax Rate	32.14%	33.06%	15.63%	23.59%	11.36%	19.75%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.