Sapeet Income Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022
Revenue	996.3	634.95	421.16	300.09
Revenue Growth (YoY)	56.91%	50.76%	40.35%	-
Cost of Revenue	495.28	252.57	134.59	169.55
Gross Profit	501.03	382.38	286.58	130.54
Selling, General & Admin	441.57	396.79	430.55	208.6
Operating Expenses	445.86	401.44	434.34	218.41
Operating Income	55.17	-19.07	-147.76	-87.87
Interest Expense	-0.58	-4.21	-3.62	-1.82
Interest & Investment Income	0.36	0.03	0	0
Currency Exchange Gain (Loss)	-0.17	-0.07	-0.21	-0.06
Other Non Operating Income (Expenses)	-9.52	-5.22	0.53	0.39
EBT Excluding Unusual Items	45.25	-28.54	-151.06	-89.36
Asset Writedown	-3.01	-	-	-
Other Unusual Items	-	-	3.82	-
Pretax Income	42.24	-28.54	-147.24	-89.36
Income Tax Expense	-28.3	0.51	0.18	0.18
Net Income	70.54	-29.06	-147.42	-89.54
Net Income to Common	70.54	-29.06	-147.42	-89.54
Shares Outstanding (Basic)	2	1	1	1
Shares Outstanding (Diluted)	2	1	1	1
Shares Change (YoY)	36.00%	10.51%	-	-
EPS (Basic)	45.25	-23.66	-132.67	-80.59
EPS (Diluted)	42.96	-23.66	-132.67	-80.59
Free Cash Flow	37.17	-41.74	-183.8	-75.73
Free Cash Flow Per Share	22.26	-33.99	-165.42	-68.16
Gross Margin	50.29%	60.22%	68.04%	43.50%
Operating Margin	5.54%	-3.00%	-35.08%	-29.28%
Profit Margin	7.08%	-4.58%	-35.00%	-29.84%
Free Cash Flow Margin	3.73%	-6.57%	-43.64%	-25.24%
EBITDA	58.36	-10.06	-147.72	-87.39
EBITDA Margin	5.86%	-1.58%	-35.08%	-29.12%
D&A For EBITDA	3.2	9.01	0.04	0.48
EBIT	55.17	-19.07	-147.76	-87.87
EBIT Margin	5.54%	-3.00%	-35.08%	-29.28%
Revenue as Reported	-	-	421.16	300.09
Advertising Expenses	72.39	59.43	62.97	39.13

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