Early Age 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	3,398	3,289	4,725	3,440	3,699	3,341
Revenue Growth (YoY)	-30.51%	-30.39%	37.35%	-7.00%	10.71%	-6.31%
Cost of Revenue	2,320	2,252	3,254	2,375	2,546	2,341
Gross Profit	1,078	1,037	1,471	1,065	1,153	1,000
Selling, General & Admin	413	411	447	405	409	428
Other Operating Expenses	120	120	133	112	116	121
Operating Expenses	533	531	580	517	525	549
Operating Income	545	506	891	548	628	451
Interest Expense	-114	-106	-76	-70	-69	-70
Interest & Investment Income	2	2	-	-	-	-
Other Non Operating Income (Expenses)	6	2	-1	-2	11	-
EBT Excluding Unusual Items	439	404	814	476	570	381
Gain (Loss) on Sale of Assets	-	-	3	-	-	-
Pretax Income	439	404	817	476	570	381
Income Tax Expense	134	124	288	150	195	123
Net Income	305	280	529	326	375	258
Net Income to Common	305	280	529	326	375	258
Net Income Growth	-43.31%	-47.07%	62.27%	-13.07%	45.35%	-14.57%
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	95.89	88.03	166.31	102.49	117.89	81.11
EPS (Diluted)	95.89	88.03	166.31	102.49	117.89	81.11
EPS Growth	-43.31%	-47.07%	62.27%	-13.07%	45.35%	-14.57%
Free Cash Flow	-	-1,245	853	-56	721	-937
Free Cash Flow Per Share	-	-391.41	268.17	-17.61	226.67	-294.58
Dividend Per Share	36.000	36.000	36.000	33.000	31.000	28.000
Dividend Growth	-	-	9.09%	6.45%	10.71%	-
Gross Margin	31.72%	31.53%	31.13%	30.96%	31.17%	29.93%
Operating Margin	16.04%	15.38%	18.86%	15.93%	16.98%	13.50%
Profit Margin	8.98%	8.51%	11.20%	9.48%	10.14%	7.72%
Free Cash Flow Margin	-	-37.85%	18.05%	-1.63%	19.49%	-28.04%
EBITDA	783.5	741	1,112	748	832	636
EBITDA Margin	23.06%	22.53%	23.53%	21.74%	22.49%	19.04%
D&A For EBITDA	238.5	235	221	200	204	185
EBIT	545	506	891	548	628	451
EBIT Margin	16.04%	15.38%	18.86%	15.93%	16.98%	13.50%
Effective Tax Rate	30.52%	30.69%	35.25%	31.51%	34.21%	32.28%

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