Visual Processing Japan Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,454	1,374	1,208	1,056	911
Revenue Growth (YoY)	21.98%	13.74%	14.39%	15.92%	-
Cost of Revenue	568	522	496	432	317
Gross Profit	886	852	712	624	594
Selling, General & Admin	600	585	519	484	483
Operating Expenses	606	591	528	484	483
Operating Income	280	261	184	140	111
Interest & Investment Income	2	1	-	-	-
Currency Exchange Gain (Loss)	1	-	1	-	2
Other Non Operating Income (Expenses)	-1	-15	-1	-	30
EBT Excluding Unusual Items	282	247	184	140	143
Gain (Loss) on Sale of Investments	-	-	2	-	-26
Asset Writedown	-	-	-	-	-13
Other Unusual Items	-	-	-	-	-2
Pretax Income	282	247	186	140	102
Income Tax Expense	81	71	64	50	28
Net Income	201	176	122	90	74
Net Income to Common	201	176	122	90	74
Net Income Growth	80.27%	44.26%	35.56%	21.62%	-
Shares Outstanding (Basic)	2	2	1	1	1
Shares Outstanding (Diluted)	2	2	1	1	1
Shares Change (YoY)	18.16%	14.47%	-	-	-
EPS (Basic)	120.91	109.82	87.14	64.29	52.86
EPS (Diluted)	120.91	109.82	87.14	64.29	52.86
EPS Growth	52.56%	26.02%	35.56%	21.62%	-
Free Cash Flow	-	274	109	-	-
Free Cash Flow Per Share	-	170.97	77.86	-	-
Gross Margin	60.93%	62.01%	58.94%	59.09%	65.20%
Operating Margin	19.26%	19.00%	15.23%	13.26%	12.18%
Profit Margin	13.82%	12.81%	10.10%	8.52%	8.12%
Free Cash Flow Margin	-	19.94%	9.02%	-	-
EBITDA	321.5	303	228	-	-
EBITDA Margin	22.11%	22.05%	18.87%	-	-
D&A For EBITDA	41.5	42	44	-	-
EBIT	280	261	184	140	111
EBIT Margin	19.26%	19.00%	15.23%	13.26%	12.18%
Effective Tax Rate	28.72%	28.74%	34.41%	35.71%	27.45%

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