Polaris Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	40,548	27,881	22,545	7,017	3,712	2,971
Revenue Growth (YoY)	116.31%	23.67%	221.29%	89.04%	24.94%	-45.50%
Cost of Revenue	1,562	1,063	6,591	510	283	287
Gross Profit	38,986	26,818	15,954	6,507	3,429	2,684
Selling, General & Admin	35,487	24,014	12,566	6,501	4,758	4,305
Other Operating Expenses	-	-	6	3	3	6
Operating Expenses	35,487	24,014	12,572	6,504	4,761	4,311
Operating Income	3,499	2,804	3,382	3	-1,332	-1,627
Interest Expense	-1,041	-718	-731	-199	-134	-108
Interest & Investment Income	22	23	29	-	-	1
Currency Exchange Gain (Loss)	4	3	1	9	-	-
Other Non Operating Income (Expenses)	-200	-220	-72	-29	-157	49
EBT Excluding Unusual Items	2,284	1,892	2,609	-216	-1,623	-1,685
Gain (Loss) on Sale of Investments	-	-	-2	1,458	-9	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	-7
Asset Writedown	-3	-3	-17	-537	-101	-272
Other Unusual Items	-	-	418	-152	-79	-121
Pretax Income	2,281	1,889	3,008	553	-1,812	-2,085
Income Tax Expense	-536	-721	-289	19	17	16
Earnings From Continuing Operations	2,817	2,610	3,297	534	-1,829	-2,101
Net Income	2,817	2,610	3,297	534	-1,829	-2,101
Net Income to Common	2,817	2,610	3,297	534	-1,829	-2,101
Net Income Growth	72.61%	-20.84%	517.42%	-	-	-
Shares Outstanding (Basic)	208	154	123	107	70	56
Shares Outstanding (Diluted)	208	155	125	109	70	56
Shares Change (YoY)	64.41%	24.35%	14.63%	54.47%	26.82%	3.55%
EPS (Basic)	13.52	16.90	26.85	4.98	-25.97	-37.83
EPS (Diluted)	13.51	16.83	26.44	4.91	-25.97	-37.83
EPS Growth	4.85%	-36.35%	438.49%	-	-	-
Free Cash Flow	4,277	3,805	7,504	-109	-7,820	-1,991
Free Cash Flow Per Share	20.52	24.53	60.17	-1.00	-111.03	-35.85
Dividend Per Share	3.000	3.000	-	-	-	-
Gross Margin	96.15%	96.19%	70.77%	92.73%	92.38%	90.34%
Operating Margin	8.63%	10.06%	15.00%	0.04%	-35.88%	-54.76%
Profit Margin	6.95%	9.36%	14.62%	7.61%	-49.27%	-70.72%
Free Cash Flow Margin	10.55%	13.65%	33.28%	-1.55%	-210.67%	-67.01%
EBITDA	6,030	4,274	4,085	207	-1,143	-1,466
EBITDA Margin	14.87%	15.33%	18.12%	2.95%	-30.79%	-49.34%
D&A For EBITDA	2,531	1,470	703	204	189	161
EBIT	3,499	2,804	3,382	3	-1,332	-1,627
EBIT Margin	8.63%	10.06%	15.00%	0.04%	-35.88%	-54.76%
Effective Tax Rate	-	-	-	3.44%	-	-

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