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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,512	1,374	1,208	1,056	911
Revenue Growth	24.14%	13.74%	14.39%	15.92%	-
Cost of Revenue	588	522	496	432	317
Gross Profit	924	852	712	624	594
Selling, General & Admin	622	585	519	484	483
Operating Expenses	628	591	528	484	483
Operating Income	296	261	184	140	111
Interest & Investment Income	2	1	-	-	-
Currency Exchange Gain (Loss)	1	-	1	-	2
Other Non Operating Income (Expenses)	-	-15	-1	-	30
EBT Excluding Unusual Items	299	247	184	140	143
Gain (Loss) on Sale of Investments	-	-	2	-	-26
Asset Writedown	-	-	-	-	-13
Other Unusual Items	-	-	-	-	-2
Pretax Income	299	247	186	140	102
Income Tax Expense	83	71	64	50	28
Net Income	216	176	122	90	74
Net Income to Common	216	176	122	90	74
Net Income Growth	86.21%	44.26%	35.56%	21.62%	-
Shares Outstanding (Basic)	2	2	1	1	1
Shares Outstanding (Diluted)	3	2	1	1	1
Shares Change	70.00%	14.47%	-	-	-
EPS (Basic)	86.63	109.82	87.14	64.29	52.86
EPS (Diluted)	86.37	109.82	87.14	64.29	52.86
EPS Growth	9.54%	26.02%	35.56%	21.62%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	331	274	109	-	-
Free Cash Flow Per Share	132.35	170.97	77.86	-	-
Gross Margin	61.11%	62.01%	58.94%	59.09%	65.20%
Operating Margin	19.58%	19.00%	15.23%	13.26%	12.18%
Profit Margin	14.29%	12.81%	10.10%	8.52%	8.12%
Free Cash Flow Margin	21.89%	19.94%	9.02%	-	-
EBITDA	342	303	228	-	-
EBITDA Margin	22.62%	22.05%	18.87%	-	-
D&A For EBITDA	46	42	44	-	-
EBIT	296	261	184	140	111
EBIT Margin	19.58%	19.00%	15.23%	13.26%	12.18%
Effective Tax Rate	27.76%	28.74%	34.41%	35.71%	27.45%