AP 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	Dec '25 Dec 31, 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	21,713	21,072	20,598	17,175	7,997	8,941
Revenue Growth (YoY)	3.84%	2.30%	19.93%	114.77%	-10.56%	-61.25%
Cost of Revenue	7,876	7,579	7,196	6,160	3,488	3,581
Gross Profit	13,837	13,493	13,402	11,015	4,509	5,360
Selling, General & Admin	12,680	12,817	13,067	12,291	7,819	8,535
Operating Expenses	13,093	13,230	13,514	12,749	8,279	9,111
Operating Income	744	263	-112	-1,734	-3,770	-3,751
Interest Expense	-85	-81	-87	-108	-116	-85
Interest & Investment Income	4	3	3	-	2	36
Earnings From Equity Investments	17	16	34	11	-17	3
Currency Exchange Gain (Loss)	-37	-13	81	58	88	39
Other Non Operating Income (Expenses)	9	65	7	671	5,409	1,403
EBT Excluding Unusual Items	652	253	-74	-1,102	1,596	-2,355
Gain (Loss) on Sale of Investments	399	-39	-26	-	-	8
Gain (Loss) on Sale of Assets	4	-	-	8	2	-
Asset Writedown	-270	-277	-291	-201	-142	-83
Other Unusual Items	5	-2	-	-1	-1,424	-1,161
Pretax Income	790	-65	-391	-1,296	32	-3,591
Income Tax Expense	-13	-33	50	16	-	-45
Earnings From Continuing Operations	803	-32	-441	-1,312	32	-3,546
Minority Interest in Earnings	-	-4	-11	-	-1	-
Net Income	803	-36	-452	-1,312	31	-3,546
Preferred Dividends & Other Adjustments	58.7	58.7	93.7	13	-	-
Net Income to Common	744.3	-94.7	-545.7	-1,325	31	-3,546
Shares Outstanding (Basic)	13	13	12	10	10	7
Shares Outstanding (Diluted)	13	13	12	10	10	7
Shares Change (YoY)	0.63%	2.92%	17.55%	3.75%	35.25%	3.75%
EPS (Basic)	58.47	-7.47	-44.28	-126.37	3.07	-474.57
EPS (Diluted)	58.47	-7.47	-44.28	-126.37	3.07	-474.57
Free Cash Flow	-	-194	-129	510	-417	-3,774
Free Cash Flow Per Share	-	-15.29	-10.47	48.64	-41.26	-505.09
Gross Margin	63.73%	64.03%	65.06%	64.13%	56.38%	59.95%
Operating Margin	3.43%	1.25%	-0.54%	-10.10%	-47.14%	-41.95%
Profit Margin	3.43%	-0.45%	-2.65%	-7.71%	0.39%	-39.66%
Free Cash Flow Margin	-	-0.92%	-0.63%	2.97%	-5.21%	-42.21%
EBITDA	1,166	748	457	-1,120	-3,140	-3,156
EBITDA Margin	5.37%	3.55%	2.22%	-6.52%	-39.27%	-35.30%
D&A For EBITDA	422	485	569	614	630	595
EBIT	744	263	-112	-1,734	-3,770	-3,751
EBIT Margin	3.43%	1.25%	-0.54%	-10.10%	-47.14%	-41.95%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.