Thinca Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,464	1,232	1,040	768.27	577.09
Revenue Growth (YoY)	18.84%	18.46%	35.39%	33.13%	-
Cost of Revenue	264.83	216.35	172.6	163.19	125.47
Gross Profit	1,200	1,016	867.57	605.08	451.62
Selling, General & Admin	1,120	912.31	702.93	748.58	490.35
Research & Development	-	-	49.47	-	51.15
Operating Expenses	1,139	937.8	766.2	756.05	548.59
Operating Income	60.11	78.07	101.37	-150.97	-96.97
Interest Expense	-0.93	-0.7	-0.42	-0.54	-0.66
Interest & Investment Income	1.76	0.09	0	0	0
Other Non Operating Income (Expenses)	0.24	-19.72	-2.89	0.67	6.02
EBT Excluding Unusual Items	61.17	57.74	98.06	-150.84	-91.6
Other Unusual Items	0.86	-9.65	-	-	2.11
Pretax Income	62.03	48.76	98.06	-150.84	-89.49
Income Tax Expense	19.07	32.68	-10.85	-14.71	0.29
Net Income	42.96	16.07	108.9	-136.12	-89.78
Net Income to Common	42.96	16.07	108.9	-136.12	-89.78
Net Income Growth	167.25%	-85.24%	-	-	-
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change (YoY)	4.25%	17.56%	-	-	-
EPS (Basic)	13.48	5.27	40.45	-50.56	-33.35
EPS (Diluted)	13.02	5.08	40.45	-50.56	-33.35
EPS Growth	156.30%	-87.44%	-	-	-
Free Cash Flow	69.65	60.52	141.5	-194.61	-120.48
Free Cash Flow Per Share	21.11	19.12	52.55	-72.28	-44.75
Gross Margin	81.92%	82.44%	83.41%	78.76%	78.26%
Operating Margin	4.11%	6.33%	9.74%	-19.65%	-16.80%
Profit Margin	2.93%	1.30%	10.47%	-17.72%	-15.56%
Free Cash Flow Margin	4.76%	4.91%	13.60%	-25.33%	-20.88%
EBITDA	70.69	103.28	121.48	-138.61	-85.02
EBITDA Margin	4.83%	8.38%	11.68%	-18.04%	-14.73%
D&A For EBITDA	10.58	25.22	20.11	12.36	11.95
EBIT	60.11	78.07	101.37	-150.97	-96.97
EBIT Margin	4.11%	6.33%	9.74%	-19.65%	-16.80%
Effective Tax Rate	30.75%	67.03%	-	-	-
Advertising Expenses	66.91	61.02	61.93	114.82	36.75

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