Hikari Heights-Varus Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	3,036	3,043	3,025	3,053	3,085
Revenue Growth (YoY)	-0.23%	0.60%	-0.92%	-1.04%	-0.74%
Cost of Revenue	3,167	3,088	2,725	2,729	2,703
Gross Profit	-131	-45	300	324	382
Selling, General & Admin	193	192	190	190	194
Other Operating Expenses	117	118	115	118	116
Operating Expenses	315	317	311	314	320
Operating Income	-446	-362	-11	10	62
Interest Expense	-23	-23	-22	-24	-26
Interest & Investment Income	37	45	18	-	-
Currency Exchange Gain (Loss)	64	-68	-	-	-
Other Non Operating Income (Expenses)	59	144	72	66	42
EBT Excluding Unusual Items	-309	-264	57	52	78
Gain (Loss) on Sale of Investments	-	-	-	-	1
Pretax Income	-309	-264	57	52	79
Income Tax Expense	6	32	15	7	6
Net Income	-315	-296	42	45	73
Net Income to Common	-315	-296	42	45	73
Net Income Growth	-	-	-6.67%	-38.36%	-27.00%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
EPS (Basic)	-150.78	-141.68	20.10	21.54	34.94
EPS (Diluted)	-150.78	-141.68	20.10	21.54	34.94
EPS Growth	-	-	-6.67%	-38.36%	-27.00%
Free Cash Flow	-299	-353	91	435	9
Free Cash Flow Per Share	-143.12	-168.96	43.56	208.21	4.31
Gross Margin	-4.32%	-1.48%	9.92%	10.61%	12.38%
Operating Margin	-14.69%	-11.90%	-0.36%	0.33%	2.01%
Profit Margin	-10.38%	-9.73%	1.39%	1.47%	2.37%
Free Cash Flow Margin	-9.85%	-11.60%	3.01%	14.25%	0.29%
EBITDA	-364	-285	52	70	126
EBITDA Margin	-11.99%	-9.37%	1.72%	2.29%	4.08%
D&A For EBITDA	82	77	63	60	64
EBIT	-446	-362	-11	10	62
EBIT Margin	-14.69%	-11.90%	-0.36%	0.33%	2.01%
Effective Tax Rate	-	-	26.32%	13.46%	7.60%
Advertising Expenses	17	14	16	11	13