Ishin 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
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	1,463	1,393	1,280	1,148	1,024
Revenue Growth (YoY)	11.00%	8.83%	11.50%	12.11%	-
Cost of Revenue	367	331	316	266	244
Gross Profit	1,096	1,062	964	882	780
Selling, General & Admin	963	818	763	786	707
Operating Expenses	962	817	763	786	707
Operating Income	134	245	201	96	73
Interest & Investment Income	7	4	27	-	-
Earnings From Equity Investments	-	12	-	1	1
Currency Exchange Gain (Loss)	-1	-2	-2	-2	8
Other Non Operating Income (Expenses)	-54	-48	-36	15	33
EBT Excluding Unusual Items	86	211	190	110	115
Gain (Loss) on Sale of Investments	-	-	3	-1	-
Gain (Loss) on Sale of Assets	-	-	-	-2	-
Other Unusual Items	-17	-	-	-1	-
Pretax Income	69	211	193	106	115
Income Tax Expense	50	88	73	15	17
Earnings From Continuing Operations	19	123	120	91	98
Minority Interest in Earnings	55	54	6	-8	-1
Net Income	74	177	126	83	97
Net Income to Common	74	177	126	83	97
Net Income Growth	-39.84%	40.48%	51.81%	-14.43%	-
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	0.83%	15.99%	4.45%	-	-
EPS (Basic)	38.40	92.59	78.43	51.88	60.63
EPS (Diluted)	38.40	91.61	75.56	51.88	60.63
EPS Growth	-40.17%	21.24%	45.66%	-14.43%	-
Gross Margin	74.91%	76.24%	75.31%	76.83%	76.17%
Operating Margin	9.16%	17.59%	15.70%	8.36%	7.13%
Profit Margin	5.06%	12.71%	9.84%	7.23%	9.47%
EBITDA	140	254	214	-	-
EBITDA Margin	9.57%	18.23%	16.72%	-	-
D&A For EBITDA	6	9	13	-	-
EBIT	134	245	201	96	73
EBIT Margin	9.16%	17.59%	15.70%	8.36%	7.13%
Effective Tax Rate	72.46%	41.71%	37.82%	14.15%	14.78%

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