FRA:G03 Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	93,242	103,600	125,315	105,505	104,626
Revenue Growth (YoY)	-10.00%	-17.33%	18.78%	0.84%	5.85%
Cost of Revenue	50,913	50,185	68,344	47,084	43,566
Gross Profit	42,329	53,415	56,971	58,421	61,060
Selling, General & Admin	37,271	35,923	29,090	30,771	28,256
Operating Expenses	37,271	35,923	29,090	30,771	28,256
Operating Income	5,058	17,492	27,881	27,650	32,804
Interest Expense	-29	-15	-21	-16	-14
Interest & Investment Income	1,809	1,955	1,241	458	135
Currency Exchange Gain (Loss)	-183	428	177	799	606
Other Non Operating Income (Expenses)	123	151	28	93	97
EBT Excluding Unusual Items	6,778	20,011	29,306	28,984	33,628
Gain (Loss) on Sale of Investments	-	-	607	-	3,207
Asset Writedown	-203	-174	-186	-47	-131
Pretax Income	6,575	19,837	29,727	28,937	36,704
Income Tax Expense	2,285	4,831	7,571	6,622	11,251
Earnings From Continuing Operations	4,290	15,006	22,156	22,315	25,453
Minority Interest in Earnings	-2,883	-3,835	-5,723	-3,293	-2,570
Net Income	1,407	11,171	16,433	19,022	22,883
Net Income to Common	1,407	11,171	16,433	19,022	22,883
Net Income Growth	-87.41%	-32.02%	-13.61%	-16.87%	39.80%
Shares Outstanding (Basic)	55	61	60	62	67
Shares Outstanding (Diluted)	55	62	61	63	67
Shares Change (YoY)	-10.73%	1.65%	-2.97%	-7.05%	-1.66%
EPS (Basic)	25.78	182.66	272.63	305.61	341.43
EPS (Diluted)	25.51	180.70	270.20	303.48	339.35
EPS Growth	-85.88%	-33.12%	-10.97%	-10.57%	42.17%
Free Cash Flow	-456	16,889	19,897	18,229	22,977
Free Cash Flow Per Share	-8.26	273.18	327.14	290.82	340.73
Dividend Per Share	90.000	60.000	30.000	30.000	30.000
Dividend Growth	50.00%	100.00%	-	-	-
Gross Margin	45.40%	51.56%	45.46%	55.37%	58.36%
Operating Margin	5.42%	16.88%	22.25%	26.21%	31.35%
Profit Margin	1.51%	10.78%	13.11%	18.03%	21.87%
Free Cash Flow Margin	-0.49%	16.30%	15.88%	17.28%	21.96%
EBITDA	6,070	18,443	29,091	28,633	33,723
EBITDA Margin	6.51%	17.80%	23.21%	27.14%	32.23%
D&A For EBITDA	1,012	951	1,210	983	919
EBIT	5,058	17,492	27,881	27,650	32,804
EBIT Margin	5.42%	16.88%	22.25%	26.21%	31.35%
Effective Tax Rate	34.75%	24.35%	25.47%	22.88%	30.65%
Advertising Expenses	-	11,198	8,181	10,908	10,526

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