Heartseed Income Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023
Revenue	3,027	873.61	344.73
Revenue Growth (YoY)	246.44%	153.42%	-
Gross Profit	3,027	873.61	344.73
Selling, General & Admin	2,300	1,912	1,804
Operating Expenses	2,300	1,912	1,804
Operating Income	726.44	-1,039	-1,460
Interest Expense	-0.16	-0.41	-0.75
Interest & Investment Income	5.92	0.4	0.05
Currency Exchange Gain (Loss)	-41.52	38.35	-43.26
Other Non Operating Income (Expenses)	0.47	181.88	46.98
Pretax Income	691.15	-818.58	-1,457
Income Tax Expense	98.65	-5.86	16.92
Net Income	592.5	-812.73	-1,474
Net Income to Common	592.5	-812.73	-1,474
Shares Outstanding (Basic)	23	16	14
Shares Outstanding (Diluted)	23	16	14
Shares Change (YoY)	40.17%	19.17%	-
EPS (Basic)	26.28	-49.43	-106.81
EPS (Diluted)	25.71	-49.43	-106.81
Free Cash Flow	-	-1,357	-1,126
Free Cash Flow Per Share	-	-82.54	-81.60
Gross Margin	100.00%	100.00%	100.00%
Operating Margin	24.00%	-118.91%	-423.41%
Profit Margin	19.58%	-93.03%	-427.44%
Free Cash Flow Margin	-	-155.34%	-326.57%
EBITDA	768.26	-996.98	-1,452
EBITDA Margin	25.38%	-114.12%	-
D&A For EBITDA	41.82	41.82	7.57
EBIT	726.44	-1,039	-1,460
EBIT Margin	24.00%	-118.91%	-
Effective Tax Rate	14.27%	-	-

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