Generation Pass Income Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	17,003	16,552	16,235	15,151	15,979	13,224
Revenue Growth (YoY)	3.94%	1.95%	7.16%	-5.18%	20.83%	4.98%
Cost of Revenue	13,045	12,708	12,639	11,717	12,434	9,985
Gross Profit	3,958	3,844	3,596	3,434	3,545	3,239
Selling, General & Admin	3,805	3,725	3,515	3,439	3,460	3,158
Operating Expenses	3,809	3,729	3,514	3,439	3,471	3,172
Operating Income	149	115	82	-5	74	67
Interest Expense	-11	-9	-4	-2	-	-1
Interest & Investment Income	1	2	9	13	1	3
Currency Exchange Gain (Loss)	-16	52	-78	11	266	57
Other Non Operating Income (Expenses)	22	18	13	54	54	17
EBT Excluding Unusual Items	145	178	22	71	395	143
Gain (Loss) on Sale of Assets	2	2	-	-	1	-
Asset Writedown	-	-	-98	-3	-	-144
Other Unusual Items	-	-	-	-	-	-23
Pretax Income	147	180	-76	68	396	-24
Income Tax Expense	30	19	62	86	48	64
Earnings From Continuing Operations	117	161	-138	-18	348	-88
Minority Interest in Earnings	-	-	-	-5	-5	-2
Net Income	117	161	-138	-23	343	-90
Net Income to Common	117	161	-138	-23	343	-90
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	0.03%	0.02%	-	-0.05%	0.05%	0.02%
EPS (Basic)	14.41	19.83	-17.00	-2.83	42.25	-11.09
EPS (Diluted)	14.41	19.83	-17.00	-2.83	42.25	-11.09
Free Cash Flow	-	-680	222	63	100	-488
Free Cash Flow Per Share	-	-83.75	27.35	7.76	12.31	-60.12
Dividend Per Share	-	-	-	-	9.000	-
Gross Margin	23.28%	23.22%	22.15%	22.66%	22.18%	24.49%
Operating Margin	0.88%	0.69%	0.51%	-0.03%	0.46%	0.51%
Profit Margin	0.69%	0.97%	-0.85%	-0.15%	2.15%	-0.68%
Free Cash Flow Margin	-	-4.11%	1.37%	0.42%	0.63%	-3.69%
EBITDA	221.5	192	177	92	162	160
EBITDA Margin	1.30%	1.16%	1.09%	0.61%	1.01%	1.21%
D&A For EBITDA	72.5	77	95	97	88	93
EBIT	149	115	82	-5	74	67
EBIT Margin	0.88%	0.69%	0.51%	-0.03%	0.46%	0.51%
Effective Tax Rate	20.41%	10.56%	-	126.47%	12.12%	-
Advertising Expenses	-	343	273	234	190	418

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.