TSUKADA GLOBAL HOLDINGS 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	73,095	63,545	57,474	51,699	33,429
Revenue Growth (YoY)	15.03%	10.56%	11.17%	54.65%	23.29%
Cost of Revenue	42,564	37,985	35,818	34,220	27,257
Gross Profit	30,531	25,560	21,656	17,479	6,172
Selling, General & Admin	20,991	18,166	16,312	14,498	12,562
Operating Expenses	20,991	18,151	16,314	14,502	12,563
Operating Income	9,540	7,409	5,342	2,977	-6,391
Interest Expense	-1,526	-829	-511	-486	-457
Interest & Investment Income	275	322	334	189	293
Earnings From Equity Investments	-	-160	-173	-93	-178
Currency Exchange Gain (Loss)	-	1,043	596	1,044	505
Other Non Operating Income (Expenses)	-535	-61	155	1,303	899
EBT Excluding Unusual Items	7,754	7,724	5,743	4,934	-5,329
Gain (Loss) on Sale of Investments	-279	1,058	-	-100	-
Gain (Loss) on Sale of Assets	-257	-1	-4	-556	-122
Asset Writedown	-40	-848	-250	-274	-1,536
Other Unusual Items	-40	-240	505	-176	-95
Pretax Income	7,138	7,693	5,994	3,828	-7,082
Income Tax Expense	2,583	2,598	1,266	2,330	-944
Earnings From Continuing Operations	4,555	5,095	4,728	1,498	-6,138
Minority Interest in Earnings	213	52	2	-	1
Net Income	4,768	5,147	4,730	1,498	-6,137
Net Income to Common	4,768	5,147	4,730	1,498	-6,137
Net Income Growth	-7.36%	8.82%	215.75%	-	-
Shares Outstanding (Basic)	47	48	48	48	48
Shares Outstanding (Diluted)	47	48	48	48	48
Shares Change (YoY)	-0.65%	-	-	-	-
EPS (Basic)	100.61	107.90	99.16	31.40	-128.66
EPS (Diluted)	100.61	107.90	99.16	31.40	-128.66
EPS Growth	-6.76%	8.82%	215.75%	-	-
Free Cash Flow	6,881	-36	-901	6,452	-1,679
Free Cash Flow Per Share	145.19	-0.76	-18.89	135.26	-35.20
Dividend Per Share	-	11.000	10.000	5.000	-
Dividend Growth	-	10.00%	100.00%	-	-
Gross Margin	41.77%	40.22%	37.68%	33.81%	18.46%
Operating Margin	13.05%	11.66%	9.29%	5.76%	-19.12%
Profit Margin	6.52%	8.10%	8.23%	2.90%	-18.36%
Free Cash Flow Margin	9.41%	-0.06%	-1.57%	12.48%	-5.02%
EBITDA	14,042	11,323	9,335	7,009	-2,279
EBITDA Margin	19.21%	17.82%	16.24%	13.56%	-6.82%
D&A For EBITDA	4,502	3,914	3,993	4,032	4,112
EBIT	9,540	7,409	5,342	2,977	-6,391
EBIT Margin	13.05%	11.66%	9.29%	5.76%	-19.12%
Effective Tax Rate	36.19%	33.77%	21.12%	60.87%	-
Advertising Expenses	-	4,268	3,890	3,891	3,282

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