SM ENTERTAINMENT JAPAN Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	9,658	9,716	8,910	7,078	5,631	4,270
Revenue Growth (YoY)	8.13%	9.05%	25.88%	25.70%	31.87%	-5.80%
Cost of Revenue	7,656	7,654	7,028	5,676	4,590	3,914
Gross Profit	2,002	2,062	1,882	1,402	1,041	356
Selling, General & Admin	1,767	1,688	1,694	1,773	1,686	1,500
Operating Expenses	1,776	1,697	1,700	1,783	1,689	1,556
Operating Income	226	365	182	-381	-648	-1,200
Interest & Investment Income	14	2	1	2	2	2
Currency Exchange Gain (Loss)	3	7	5	9	6	1
Other Non Operating Income (Expenses)	2	-	3	4	8	-9
EBT Excluding Unusual Items	245	374	191	-366	-632	-1,206
Gain (Loss) on Sale of Investments	626	626	14	134	12	-
Gain (Loss) on Sale of Assets	-	18	-	1	-	-
Asset Writedown	-35	-35	-1	-72	-	-40
Other Unusual Items	233	1	-	14	164	6
Pretax Income	1,069	984	204	-289	-456	-1,240
Income Tax Expense	-94	-22	-43	22	5	-10
Earnings From Continuing Operations	1,163	1,006	247	-311	-461	-1,230
Minority Interest in Earnings	-223	-219	14	8	175	-11
Net Income	940	787	261	-303	-286	-1,241
Net Income to Common	940	787	261	-303	-286	-1,241
Net Income Growth	276.00%	201.53%	-	-	-	-
Shares Outstanding (Basic)	116	116	116	116	116	55
Shares Outstanding (Diluted)	116	116	116	116	116	55
Shares Change (YoY)	-0.00%	-	-	0.14%	110.83%	369.04%
EPS (Basic)	8.11	6.79	2.25	-2.61	-2.47	-22.61
EPS (Diluted)	8.11	6.79	2.25	-2.61	-2.47	-22.61
EPS Growth	276.00%	201.53%	-	-	-	-
Free Cash Flow	-	-590	-1,050	-128	151	-1,233
Free Cash Flow Per Share	-	-5.09	-9.06	-1.10	1.30	-22.46
Dividend Per Share	1.000	1.000	-	-	-	-
Gross Margin	20.73%	21.22%	21.12%	19.81%	18.49%	8.34%
Operating Margin	2.34%	3.76%	2.04%	-5.38%	-11.51%	-28.10%
Profit Margin	9.73%	8.10%	2.93%	-4.28%	-5.08%	-29.06%
Free Cash Flow Margin	-	-6.07%	-11.79%	-1.81%	2.68%	-28.88%
EBITDA	236.25	379	201	-313	-608	-1,121
EBITDA Margin	2.45%	3.90%	2.26%	-4.42%	-10.80%	-26.25%
D&A For EBITDA	10.25	14	19	68	40	79
EBIT	226	365	182	-381	-648	-1,200
EBIT Margin	2.34%	3.76%	2.04%	-5.38%	-11.51%	-28.10%

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