Accolade Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Revenue	7,308,276	7,292,084	6,910,302	6,817,872	5,495,015	4,645,059	Upgrade
Revenue Growth (YoY)	4.25%	5.53%	1.36%	24.07%	18.30%	-12.35%	Upgrade
Cost of Revenue	5,849,960	5,847,329	5,567,814	5,583,120	4,485,412	3,915,598	Upgrade
Gross Profit	1,458,316	1,444,755	1,342,488	1,234,752	1,009,603	729,461	Upgrade
Selling, General & Admin	998,829	985,137	898,515	789,760	690,960	647,776	Upgrade
Operating Expenses	1,053,424	1,039,732	927,594	811,737	713,941	678,935	Upgrade
Operating Income	404,892	405,023	414,894	423,015	295,662	50,526	Upgrade
Interest Expense	-97,841	-97,954	-88,328	-59,791	-30,194	-30,679	Upgrade
Interest & Investment Income	82,706	85,629	85,689	68,408	56,244	33,802	Upgrade
Earnings From Equity Investments	311,564	276,966	172,372	252,390	176,831	-41,367	Upgrade
Other Non Operating Income (Expenses)	-10,664	-11,928	-30,031	-3,241	23,102	-23,762	Upgrade
EBT Excluding Unusual Items	690,657	657,736	554,596	680,781	521,645	-11,480	Upgrade
Impairment of Goodwill	-	-	-12,249	-354	-1,368	-	Upgrade
Gain (Loss) on Sale of Investments	35,145	38,047	3,710	29,050	48,238	2,911	Upgrade
Gain (Loss) on Sale of Assets	17,436	7,255	6,752	20,152	5,244	-4,679	Upgrade
Asset Writedown	-4,326	-7,471	-25,163	-6,507	-16,519	-80,967	Upgrade
Other Unusual Items	-	-	-	-	32,779	-	Upgrade
Pretax Income	738,912	695,567	527,646	723,122	590,019	-94,215	Upgrade
Income Tax Expense	81,143	86,601	101,530	123,875	105,452	40,269	Upgrade
Earnings From Continuing Operations	657,769	608,966	426,116	599,247	484,567	-134,484	Upgrade
Minority Interest in Earnings	-51,359	-47,107	-39,764	-33,914	-20,873	-18,583	Upgrade
Net Income	606,410	561,859	386,352	565,333	463,694	-153,067	Upgrade
Preferred Dividends & Other Adjustments	355	355	208	257	213	-58	Upgrade
Net Income to Common	606,055	561,504	386,144	565,076	463,481	-153,009	Upgrade
Net Income Growth	58.23%	45.43%	-31.66%	21.92%	-	-	Upgrade
Shares Outstanding (Basic)	1,210	1,211	1,222	1,248	1,250	1,250	Upgrade
Shares Outstanding (Diluted)	1,211	1,213	1,224	1,250	1,251	1,250	Upgrade
Shares Change (YoY)	-0.86%	-0.93%	-2.08%	-0.12%	0.13%	0.06%	Upgrade
EPS (Basic)	501.07	463.66	315.87	452.63	370.79	-122.42	Upgrade
EPS (Diluted)	500.68	463.32	315.64	452.27	370.53	-122.42	Upgrade
EPS Growth	59.60%	46.79%	-30.21%	22.06%	-	-	Upgrade
Free Cash Flow	527,891	509,482	515,470	162,506	124,350	400,755	Upgrade
Free Cash Flow Per Share	435.85	420.13	421.13	130.01	99.37	320.64	Upgrade
Dividend Per Share	-	130.000	125.000	115.000	110.000	70.000	Upgrade
Dividend Growth	-	4.00%	8.70%	4.54%	57.14%	-	Upgrade
Gross Margin	19.95%	19.81%	19.43%	18.11%	18.37%	15.70%	Upgrade
Operating Margin	5.54%	5.55%	6.00%	6.21%	5.38%	1.09%	Upgrade
Profit Margin	8.29%	7.70%	5.59%	8.29%	8.43%	-3.29%	Upgrade
Free Cash Flow Margin	7.22%	6.99%	7.46%	2.38%	2.26%	8.63%	Upgrade
EBITDA	543,053	541,731	536,910	538,957	403,609	157,491	Upgrade
EBITDA Margin	7.43%	7.43%	7.77%	7.90%	7.34%	3.39%	Upgrade
D&A For EBITDA	138,161	136,708	122,016	115,942	107,947	106,965	Upgrade
EBIT	404,892	405,023	414,894	423,015	295,662	50,526	Upgrade
EBIT Margin	5.54%	5.55%	6.00%	6.21%	5.38%	1.09%	Upgrade
Effective Tax Rate	10.98%	12.45%	19.24%	17.13%	17.87%	-	Upgrade
Revenue as Reported	7,308,276	7,292,084	6,910,302	6,817,872	5,495,015	4,645,059	Upgrade
Advertising Expenses	-	21,382	18,133	15,230	11,876	10,821	Upgrade

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.