NEXTAGE 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	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	652,072	552,778	463,464	418,117	291,263
Revenue Growth (YoY)	17.96%	19.27%	10.85%	43.55%	20.78%
Cost of Revenue	539,907	454,109	376,636	344,088	234,532
Gross Profit	112,165	98,669	86,828	74,029	56,731
Selling, General & Admin	92,567	85,725	70,743	54,580	43,093
Operating Expenses	92,567	85,725	70,743	54,580	43,093
Operating Income	19,598	12,944	16,085	19,449	13,638
Interest Expense	-931	-501	-273	-245	-246
Other Non Operating Income (Expenses)	118	-373	-75	-147	-19
EBT Excluding Unusual Items	18,785	12,070	15,737	19,057	13,373
Gain (Loss) on Sale of Assets	96	74	35	22	16
Asset Writedown	-1,282	-1,071	-240	-314	-89
Other Unusual Items	-	131	-	-	1
Pretax Income	17,599	11,204	15,532	18,765	13,301
Income Tax Expense	4,788	3,198	3,976	4,879	3,638
Net Income	12,811	8,006	11,556	13,886	9,663
Net Income to Common	12,811	8,006	11,556	13,886	9,663
Net Income Growth	60.02%	-30.72%	-16.78%	43.70%	103.86%
Shares Outstanding (Basic)	79	80	80	79	76
Shares Outstanding (Diluted)	79	80	80	79	77
Shares Change (YoY)	-1.11%	0.53%	0.89%	2.17%	-0.58%
EPS (Basic)	161.65	99.90	144.96	176.30	127.12
EPS (Diluted)	161.65	99.90	144.96	175.74	124.95
EPS Growth	61.81%	-31.09%	-17.52%	40.65%	105.04%
Free Cash Flow	3,091	-10,999	13,288	-30,409	-4,135
Free Cash Flow Per Share	39.00	-137.24	166.68	-384.83	-53.47
Dividend Per Share	45.000	33.000	32.000	24.000	15.000
Dividend Growth	36.36%	3.13%	33.33%	60.00%	114.29%
Gross Margin	17.20%	17.85%	18.73%	17.71%	19.48%
Operating Margin	3.00%	2.34%	3.47%	4.65%	4.68%
Profit Margin	1.97%	1.45%	2.49%	3.32%	3.32%
Free Cash Flow Margin	0.47%	-1.99%	2.87%	-7.27%	-1.42%
EBITDA	26,213	18,982	20,352	22,400	17,571
EBITDA Margin	4.02%	3.43%	4.39%	5.36%	6.03%
D&A For EBITDA	6,615	6,038	4,267	2,951	3,933
EBIT	19,598	12,944	16,085	19,449	13,638
EBIT Margin	3.00%	2.34%	3.47%	4.65%	4.68%
Effective Tax Rate	27.21%	28.54%	25.60%	26.00%	27.35%
Advertising Expenses	13,510	12,239	9,103	6,669	4,962

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