VRAIN Solution Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	2,145	1,411	617.4	344.47
Revenue Growth (YoY)	51.99%	128.54%	79.23%	-
Cost of Revenue	462.05	275.71	70.31	38.94
Gross Profit	1,683	1,135	547.09	305.53
Selling, General & Admin	1,088	461.24	352.37	228.78
Research & Development	-	153.66	117.51	70.8
Other Operating Expenses	-	-	-	-11.48
Operating Expenses	1,088	627.14	482.77	290.69
Operating Income	594.99	508.16	64.32	14.84
Interest Expense	-0.39	-0.97	-1.16	-0.32
Interest & Investment Income	0.26	-	-	-
Currency Exchange Gain (Loss)	0.1	-	-	-
Other Non Operating Income (Expenses)	0.48	-11.52	0.24	0.03
EBT Excluding Unusual Items	595.44	495.68	63.4	14.55
Asset Writedown	-	-	-3.61	-
Pretax Income	595.44	495.68	59.79	14.55
Income Tax Expense	170.37	165.52	9.86	3.36
Net Income	425.07	330.16	49.93	11.19
Net Income to Common	425.07	330.16	49.93	11.19
Net Income Growth	28.75%	561.25%	346.08%	-
Shares Outstanding (Basic)	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10
Shares Change (YoY)	1.99%	2.00%	-	-
EPS (Basic)	42.04	33.33	5.04	1.13
EPS (Diluted)	41.27	32.69	5.04	1.13
EPS Growth	26.25%	548.17%	346.08%	-
Free Cash Flow	-238.74	417.85	-87.99	-8.49
Free Cash Flow Per Share	-23.18	41.38	-8.89	-0.86
Gross Margin	78.45%	80.46%	88.61%	88.70%
Operating Margin	27.74%	36.01%	10.42%	4.31%
Profit Margin	19.82%	23.40%	8.09%	3.25%
Free Cash Flow Margin	-11.13%	29.61%	-14.25%	-2.46%
EBITDA	630.71	527.09	80.28	19.76
EBITDA Margin	29.41%	37.35%	13.00%	5.74%
D&A For EBITDA	35.72	18.93	15.96	4.93
EBIT	594.99	508.16	64.32	14.84
EBIT Margin	27.74%	36.01%	10.42%	4.31%
Effective Tax Rate	28.61%	33.39%	16.49%	23.09%

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