FORCIA Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023
Revenue	2,322	2,310	1,947	2,146
Revenue Growth (YoY)	19.27%	18.66%	-9.28%	-
Cost of Revenue	1,162	1,075	894.22	1,121
Gross Profit	1,160	1,235	1,053	1,025
Selling, General & Admin	1,029	1,020	913.57	920.89
Operating Expenses	1,029	1,020	913.57	920.89
Operating Income	131.39	215.34	139.16	104.6
Interest & Investment Income	1.62	0.52	0.01	0.01
Earnings From Equity Investments	-	-	-	68.54
Other Non Operating Income (Expenses)	-13.17	-17.55	1.17	1.64
EBT Excluding Unusual Items	119.84	198.3	140.33	174.79
Gain (Loss) on Sale of Assets	-0.12	-0.12	-	-0.08
Asset Writedown	-	-	-	-26.53
Pretax Income	119.72	198.19	140.33	148.18
Income Tax Expense	49.07	66.49	41.25	18.13
Net Income	70.65	131.7	99.09	130.05
Net Income to Common	70.65	131.7	99.09	130.05
Net Income Growth	-28.69%	32.91%	-23.81%	-
Shares Outstanding (Basic)	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1
Shares Change (YoY)	21.32%	3.93%	-	-
EPS (Basic)	58.24	126.72	99.09	130.05
EPS (Diluted)	58.24	126.72	99.09	130.05
EPS Growth	-41.23%	27.88%	-23.81%	-
Free Cash Flow	-	21.5	509.66	-264.43
Free Cash Flow Per Share	-	20.68	509.66	-264.43
Gross Margin	49.97%	53.46%	54.07%	47.78%
Operating Margin	5.66%	9.32%	7.15%	4.87%
Profit Margin	3.04%	5.70%	5.09%	6.06%
Free Cash Flow Margin	-	0.93%	26.18%	-12.32%
EBITDA	158.92	229.96	183.56	159.07
EBITDA Margin	6.84%	9.95%	9.43%	7.41%
D&A For EBITDA	27.53	14.62	44.41	54.47
EBIT	131.39	215.34	139.16	104.6
EBIT Margin	5.66%	9.32%	7.15%	4.87%
Effective Tax Rate	40.99%	33.55%	29.39%	12.23%