S-Pool Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	26,029	25,554	25,784	26,650	24,862
Revenue Growth (YoY)	1.86%	-0.89%	-3.25%	7.19%	18.34%
Cost of Revenue	16,294	16,100	16,876	17,909	17,331
Gross Profit	9,735	9,454	8,908	8,741	7,531
Selling, General & Admin	6,107	5,648	5,381	5,555	4,781
Other Operating Expenses	-5	-4	12	-	-
Operating Expenses	7,247	6,705	6,235	5,649	4,862
Operating Income	2,488	2,749	2,673	3,092	2,669
Interest Expense	-285	-204	-123	-30	-24
Interest & Investment Income	2	-	-	-	-
Other Non Operating Income (Expenses)	110	53	114	56	28
EBT Excluding Unusual Items	2,315	2,598	2,664	3,118	2,673
Gain (Loss) on Sale of Investments	-	-	-	-163	-20
Gain (Loss) on Sale of Assets	-15	-30	-14	-	-
Asset Writedown	-178	-	-	-47	-13
Pretax Income	2,122	2,568	2,650	2,908	2,640
Income Tax Expense	678	469	922	1,075	741
Earnings From Continuing Operations	1,444	2,099	1,728	1,833	1,899
Minority Interest in Earnings	-	-	2	-24	-18
Net Income	1,444	2,099	1,730	1,809	1,881
Net Income to Common	1,444	2,099	1,730	1,809	1,881
Net Income Growth	-31.20%	21.33%	-4.37%	-3.83%	19.05%
Shares Outstanding (Basic)	78	79	79	79	79
Shares Outstanding (Diluted)	78	79	79	79	79
Shares Change (YoY)	-0.87%	-	-	-	-
EPS (Basic)	18.44	26.57	21.90	22.90	23.81
EPS (Diluted)	18.44	26.57	21.90	22.90	23.81
EPS Growth	-30.60%	21.33%	-4.37%	-3.83%	19.05%
Free Cash Flow	3,716	1,807	-74	99	52
Free Cash Flow Per Share	47.45	22.87	-0.94	1.25	0.66
Dividend Per Share	10.000	10.000	10.000	8.000	6.000
Dividend Growth	-	-	25.00%	33.33%	81.82%
Gross Margin	37.40%	37.00%	34.55%	32.80%	30.29%
Operating Margin	9.56%	10.76%	10.37%	11.60%	10.73%
Profit Margin	5.55%	8.21%	6.71%	6.79%	7.57%
Free Cash Flow Margin	14.28%	7.07%	-0.29%	0.37%	0.21%
EBITDA	6,256	6,143	5,286	3,960	3,340
EBITDA Margin	24.04%	24.04%	20.50%	14.86%	13.43%
D&A For EBITDA	3,768	3,394	2,613	868	671
EBIT	2,488	2,749	2,673	3,092	2,669
EBIT Margin	9.56%	10.76%	10.37%	11.60%	10.73%
Effective Tax Rate	31.95%	18.26%	34.79%	36.97%	28.07%

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.