Will Smart Co.,LTD. Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	798	805	935.86	1,086	813.12	1,103
Revenue Growth (YoY)	-1.86%	-13.98%	-13.81%	33.54%	-26.28%	-14.64%
Cost of Revenue	562	574	495.28	605.28	572.51	748
Gross Profit	236	231	440.58	480.58	240.61	355
Selling, General & Admin	467	478	460.45	444.45	420.52	375
Research & Development	12	12	27	-	-	-
Amortization of Goodwill & Intangibles	18	18	14	-	-	-
Operating Expenses	503	514	505.45	444.45	420.52	375
Operating Income	-267	-283	-64.87	36.13	-179.92	-20
Interest Expense	-3	-2	-0.95	-0.95	-0.58	-
Interest & Investment Income	-	-	1.18	1.18	0.48	-
Currency Exchange Gain (Loss)	-	-	0.64	0.64	-0.36	-
Other Non Operating Income (Expenses)	12	26	3.37	-1.63	1.03	-2
EBT Excluding Unusual Items	-258	-259	-60.63	35.37	-179.34	-22
Asset Writedown	-155	-155	-0.02	-0.02	-94.59	-
Pretax Income	-413	-414	-60.65	35.35	-273.93	-22
Income Tax Expense	2	1	7.25	8.25	13.41	11
Net Income to Company	-	-415	-67.9	27.1	-287.33	-33
Net Income	-415	-415	-67.9	27.1	-287.33	-33
Net Income to Common	-415	-415	-67.9	27.1	-287.33	-33
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	15.18%	5.05%	12.29%	-2.53%	-5.04%	-
EPS (Basic)	-282.29	-282.79	-48.60	21.79	-225.12	-24.55
EPS (Diluted)	-282.29	-282.79	-48.60	21.79	-225.12	-24.55
Free Cash Flow	-	-128	-250.67	-5.67	122.92	-
Free Cash Flow Per Share	-	-87.22	-179.44	-4.56	96.31	-
Gross Margin	29.57%	28.70%	47.08%	44.26%	29.59%	32.19%
Operating Margin	-33.46%	-35.15%	-6.93%	3.33%	-22.13%	-1.81%
Profit Margin	-52.01%	-51.55%	-7.26%	2.50%	-35.34%	-2.99%
Free Cash Flow Margin	-	-15.90%	-26.78%	-0.52%	15.12%	-
EBITDA	-220.5	-233	-0.87	60.69	-105.82	-
EBITDA Margin	-27.63%	-28.94%	-0.09%	5.59%	-13.01%	-
D&A For EBITDA	46.5	50	64	24.56	74.09	-
EBIT	-267	-283	-64.87	36.13	-179.92	-20
EBIT Margin	-33.46%	-35.15%	-6.93%	3.33%	-22.13%	-1.81%
Effective Tax Rate	-	-	-	23.33%	-	-

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