TMH Inc. 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
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022
Revenue	8,628	6,017	1,747	1,699
Revenue Growth (YoY)	43.39%	244.41%	2.85%	-
Cost of Revenue	7,658	5,155	1,406	1,355
Gross Profit	970	862.65	340.79	343.47
Selling, General & Admin	614	539.05	468.07	360.95
Operating Expenses	614	539.05	468.07	360.95
Operating Income	356	323.6	-127.29	-17.48
Interest Expense	-3	-4.3	-3.11	-0.81
Interest & Investment Income	8	2.79	2.96	0.08
Currency Exchange Gain (Loss)	-8	-19.27	-245.82	242.2
Other Non Operating Income (Expenses)	-15	3.23	19.75	22.1
EBT Excluding Unusual Items	338	306.04	-353.51	246.08
Asset Writedown	-	-	-	-28.62
Other Unusual Items	-	-	471.29	-
Pretax Income	338	306.04	117.78	217.46
Income Tax Expense	89	33.54	1.21	0.76
Net Income	249	272.5	116.58	216.7
Net Income to Common	249	272.5	116.58	216.7
Net Income Growth	-8.63%	133.75%	-46.20%	-
Shares Outstanding (Basic)	4	3	3	3
Shares Outstanding (Diluted)	4	3	3	3
Shares Change (YoY)	12.01%	0.74%	0.85%	-
EPS (Basic)	67.66	80.95	34.89	65.40
EPS (Diluted)	66.10	80.95	34.89	65.40
EPS Growth	-18.35%	132.03%	-46.66%	-
Free Cash Flow	-2,375	1,420	-1,104	1,402
Free Cash Flow Per Share	-629.88	421.76	-330.47	423.07
Gross Margin	11.24%	14.34%	19.51%	20.22%
Operating Margin	4.13%	5.38%	-7.29%	-1.03%
Profit Margin	2.89%	4.53%	6.67%	12.76%
Free Cash Flow Margin	-27.53%	23.59%	-63.20%	82.52%
EBITDA	366	333.26	-120.72	-3.93
EBITDA Margin	4.24%	5.54%	-6.91%	-0.23%
D&A For EBITDA	10	9.66	6.56	13.55
EBIT	356	323.6	-127.29	-17.48
EBIT Margin	4.13%	5.38%	-7.29%	-1.03%
Effective Tax Rate	26.33%	10.96%	1.02%	0.35%

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