MAARF Income Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023
Revenue	15,682	16,549	8,642
Revenue Growth (YoY)	17.96%	91.50%	-
Cost of Revenue	5,451	4,532	2,025
Gross Profit	10,231	12,017	6,617
Selling, General & Admin	4,280	3,608	2,038
Operating Expenses	4,280	3,608	2,038
Operating Income	5,951	8,409	4,579
Interest Expense	-1.02	-1	-
Interest & Investment Income	6.15	1	-
Other Non Operating Income (Expenses)	8.17	-5	-96
EBT Excluding Unusual Items	5,964	8,404	4,483
Asset Writedown	-	-1	-
Pretax Income	5,956	8,403	4,483
Income Tax Expense	1,772	2,615	1,837
Net Income	4,184	5,788	2,646
Net Income to Common	4,184	5,788	2,646
Net Income Growth	-1.60%	118.74%	-
Shares Outstanding (Basic)	59	59	58
Shares Outstanding (Diluted)	63	64	64
Shares Change (YoY)	-1.14%	-0.16%	-
EPS (Basic)	71.41	98.81	45.88
EPS (Diluted)	65.97	90.44	41.29
EPS Growth	-0.50%	119.04%	-
Free Cash Flow	2,945	5,323	3,897
Free Cash Flow Per Share	46.44	83.17	60.79
Gross Margin	65.24%	72.61%	76.57%
Operating Margin	37.95%	50.81%	52.99%
Profit Margin	26.68%	34.98%	30.62%
Free Cash Flow Margin	18.78%	32.16%	45.09%
EBITDA	6,019	8,466	4,604
EBITDA Margin	38.38%	51.16%	53.27%
D&A For EBITDA	68.32	57	25
EBIT	5,951	8,409	4,579
EBIT Margin	37.95%	50.81%	52.99%
Effective Tax Rate	29.75%	31.12%	40.98%
Advertising Expenses	-	851	522

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