Star seeds Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	10,017	5,110	5,530	6,305	4,163
Revenue Growth (YoY)	96.03%	-7.60%	-12.29%	51.45%	-45.99%
Cost of Revenue	6,513	2,349	2,351	2,765	1,837
Gross Profit	3,504	2,761	3,179	3,540	2,326
Selling, General & Admin	3,304	3,036	3,281	3,794	2,507
Operating Expenses	3,304	3,058	3,309	3,797	2,509
Operating Income	200	-297	-130	-257	-183
Interest Expense	-20	-9	-8	-9	-
Interest & Investment Income	4	-	-	-	-
Currency Exchange Gain (Loss)	-2	-3	-4	-10	-
Other Non Operating Income (Expenses)	-44	-52	-13	25	33
EBT Excluding Unusual Items	138	-361	-155	-251	-150
Gain (Loss) on Sale of Investments	13	-	-	-	405
Asset Writedown	-4	-49	-157	-12	-58
Other Unusual Items	-1	-64	24	15	-8
Pretax Income	146	-474	-288	-248	189
Income Tax Expense	83	56	44	54	13
Net Income	63	-530	-332	-302	176
Net Income to Common	63	-530	-332	-302	176
Shares Outstanding (Basic)	7	4	3	3	3
Shares Outstanding (Diluted)	7	4	3	3	3
Shares Change (YoY)	62.83%	40.36%	-0.00%	-0.00%	257.97%
EPS (Basic)	9.56	-130.99	-115.17	-104.76	61.05
EPS (Diluted)	9.56	-130.99	-115.17	-104.76	61.05
Free Cash Flow	-717	-322	-150	-609	-110
Free Cash Flow Per Share	-108.83	-79.58	-52.03	-211.26	-38.16
Dividend Per Share	5.000	-	-	-	-
Gross Margin	34.98%	54.03%	57.49%	56.15%	55.87%
Operating Margin	2.00%	-5.81%	-2.35%	-4.08%	-4.40%
Profit Margin	0.63%	-10.37%	-6.00%	-4.79%	4.23%
Free Cash Flow Margin	-7.16%	-6.30%	-2.71%	-9.66%	-2.64%
EBITDA	207	-288	-110	-235	-181
EBITDA Margin	2.07%	-5.64%	-1.99%	-3.73%	-4.35%
D&A For EBITDA	7	9	20	22	2
EBIT	200	-297	-130	-257	-183
EBIT Margin	2.00%	-5.81%	-2.35%	-4.08%	-4.40%
Effective Tax Rate	56.85%	-	-	-	6.88%
Advertising Expenses	-	380	-	-	-

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