Link and Motivation Inc. (TYO:2170)

Link and Motivation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	40,209	37,458	33,969	32,776	32,644	35,278
Revenue Growth (YoY)	10.63%	10.27%	3.64%	0.40%	-7.47%	-7.63%
Cost of Revenue	18,474	17,574	16,264	16,708	17,304	20,624
Gross Profit	21,735	19,884	17,705	16,068	15,340	14,654
Selling, General & Admin	15,665	14,196	13,129	12,780	12,625	12,852
Other Operating Expenses	11	76	-305	-697	-80	-124
Operating Expenses	15,676	14,272	12,824	12,083	12,545	12,728
Operating Income	6,059	5,612	4,881	3,985	2,795	1,926
Interest Expense	-127	-91	-72	-145	-173	-241
Interest & Investment Income	15	12	16	19	12	17
Earnings From Equity Investments	136	15	-	-	-	41
Other Non Operating Income (Expenses)	-1	-2	-3	11	22	138
EBT Excluding Unusual Items	6,082	5,546	4,822	3,870	2,656	1,881
Gain (Loss) on Sale of Investments	118	118	-26	-20	-	563
Gain (Loss) on Sale of Assets	-	-	-	-	-22	-
Asset Writedown	-245	-245	-230	-351	-732	-2,386
Pretax Income	5,955	5,419	4,566	3,499	1,902	58
Income Tax Expense	1,790	1,366	1,430	1,310	801	988
Earnings From Continuing Operations	4,165	4,053	3,136	2,189	1,101	-930
Earnings From Discontinued Operations	-	-	-	-84	-82	-
Net Income to Company	4,165	4,053	3,136	2,105	1,019	-930
Minority Interest in Earnings	-449	-362	-294	-164	-101	-66
Net Income	3,716	3,691	2,842	1,941	918	-996
Net Income to Common	3,716	3,691	2,842	1,941	918	-996
Net Income Growth	5.99%	29.87%	46.42%	111.44%	-	-
Shares Outstanding (Basic)	111	107	111	112	105	105
Shares Outstanding (Diluted)	111	107	111	112	105	105
Shares Change (YoY)	2.25%	-3.64%	-0.11%	6.00%	0.31%	-0.46%
EPS (Basic)	34.66	34.37	25.50	17.40	8.72	-9.49
EPS (Diluted)	34.63	34.37	25.48	17.38	8.72	-9.50
EPS Growth	7.18%	34.91%	46.58%	99.27%	-	-
Free Cash Flow	5,827	5,465	4,219	3,415	3,986	3,748
Free Cash Flow Per Share	52.52	50.89	37.86	30.61	37.87	35.72
Dividend Per Share	15.200	12.200	11.300	7.700	7.400	7.200
Dividend Growth	28.81%	7.96%	46.75%	4.05%	2.78%	-
Gross Margin	-	53.08%	52.12%	49.02%	46.99%	41.54%
Operating Margin	15.07%	14.98%	14.37%	12.16%	8.56%	5.46%
Profit Margin	9.24%	9.85%	8.37%	5.92%	2.81%	-2.82%
Free Cash Flow Margin	14.49%	14.59%	12.42%	10.42%	12.21%	10.62%
EBITDA	7,905	7,326	6,569	5,709	5,665	4,724
EBITDA Margin	-	19.56%	19.34%	17.42%	17.35%	13.39%
D&A For EBITDA	1,846	1,714	1,688	1,724	2,870	2,798
EBIT	6,059	5,612	4,881	3,985	2,795	1,926
EBIT Margin	-	14.98%	14.37%	12.16%	8.56%	5.46%
Effective Tax Rate	-	25.21%	31.32%	37.44%	42.11%	1703.45%
Advertising Expenses	-	1,674	1,560	1,341	1,175	1,155

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