Forside 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	8,748	5,340	4,817	4,988	4,894
Revenue Growth (YoY)	63.82%	10.86%	-3.43%	1.92%	21.35%
Cost of Revenue	6,730	3,522	2,884	3,166	2,935
Gross Profit	2,018	1,818	1,933	1,822	1,959
Selling, General & Admin	1,555	1,519	1,570	1,673	1,573
Other Operating Expenses	-	3	3	-10	-9
Operating Expenses	1,555	1,767	1,880	1,897	1,778
Operating Income	463	51	53	-75	181
Interest Expense	-15	-8	-13	-15	-10
Interest & Investment Income	23	7	7	7	8
Currency Exchange Gain (Loss)	-	-	1	2	2
Other Non Operating Income (Expenses)	7	-3	-4	7	-
EBT Excluding Unusual Items	478	47	44	-74	181
Gain (Loss) on Sale of Investments	-1	69	25	7	-5
Gain (Loss) on Sale of Assets	13	-	-	-8	-
Asset Writedown	-	-2	-	-25	-
Other Unusual Items	-	-	86	-	-76
Pretax Income	490	114	155	-100	100
Income Tax Expense	50	50	42	10	16
Earnings From Continuing Operations	440	64	113	-110	84
Minority Interest in Earnings	-	-	-	3	1
Net Income	440	64	113	-107	85
Net Income to Common	440	64	113	-107	85
Net Income Growth	587.50%	-43.36%	-	-	-
Shares Outstanding (Basic)	43	39	34	33	33
Shares Outstanding (Diluted)	43	39	34	33	33
Shares Change (YoY)	9.87%	14.82%	5.57%	-0.00%	-0.01%
EPS (Basic)	10.15	1.62	3.29	-3.29	2.61
EPS (Diluted)	10.15	1.62	3.29	-3.29	2.61
EPS Growth	525.76%	-50.67%	-	-	-
Free Cash Flow	613	137	63	-331	172
Free Cash Flow Per Share	14.15	3.47	1.83	-10.17	5.29
Gross Margin	23.07%	34.04%	40.13%	36.53%	40.03%
Operating Margin	5.29%	0.95%	1.10%	-1.50%	3.70%
Profit Margin	5.03%	1.20%	2.35%	-2.15%	1.74%
Free Cash Flow Margin	7.01%	2.57%	1.31%	-6.64%	3.52%
EBITDA	584	85	71	-46	219
EBITDA Margin	6.68%	1.59%	1.47%	-0.92%	4.47%
D&A For EBITDA	121	34	18	29	38
EBIT	463	51	53	-75	181
EBIT Margin	5.29%	0.95%	1.10%	-1.50%	3.70%
Effective Tax Rate	10.20%	43.86%	27.10%	-	16.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.