Global Link Management Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Revenue	69,262	64,482	41,258	35,673	26,840
Revenue Growth (YoY)	7.41%	56.29%	15.66%	32.91%	6.99%
Cost of Revenue	56,853	54,687	33,552	29,810	22,931
Gross Profit	12,409	9,795	7,706	5,863	3,909
Selling, General & Admin	3,973	3,237	2,486	2,617	2,190
Other Operating Expenses	948	762	578	580	353
Operating Expenses	4,972	4,062	3,119	3,252	2,543
Operating Income	7,437	5,733	4,587	2,611	1,366
Interest Expense	-592	-468	-354	-319	-325
Interest & Investment Income	37	1	74	1	2
Earnings From Equity Investments	1	-6	35	1	-
Other Non Operating Income (Expenses)	-146	-123	-83	-16	-16
EBT Excluding Unusual Items	6,737	5,137	4,259	2,278	1,027
Gain (Loss) on Sale of Assets	-	140	-	1	-
Asset Writedown	-	-5	-1	-	-
Pretax Income	6,737	5,272	4,258	2,279	1,027
Income Tax Expense	2,124	1,857	1,378	819	341
Earnings From Continuing Operations	4,613	3,415	2,880	1,460	686
Minority Interest in Earnings	-2	-2	-2	-2	-
Net Income	4,611	3,413	2,878	1,458	686
Net Income to Common	4,611	3,413	2,878	1,458	686
Net Income Growth	35.10%	18.59%	97.39%	112.54%	-20.88%
Shares Outstanding (Basic)	16	16	16	16	15
Shares Outstanding (Diluted)	16	16	16	16	16
Shares Change (YoY)	0.27%	0.19%	0.35%	1.33%	0.26%
EPS (Basic)	287.98	213.24	180.32	91.73	45.09
EPS (Diluted)	287.36	213.24	180.20	91.64	43.68
EPS Growth	34.76%	18.34%	96.64%	109.78%	-21.06%
Free Cash Flow	-3,204	638	8,416	-8,303	-531
Free Cash Flow Per Share	-199.64	39.86	526.81	-521.55	-33.80
Dividend Per Share	80.500	65.000	50.000	26.250	17.500
Dividend Growth	23.85%	30.00%	90.48%	50.00%	180.00%
Gross Margin	17.92%	15.19%	18.68%	16.43%	14.56%
Operating Margin	10.74%	8.89%	11.12%	7.32%	5.09%
Profit Margin	6.66%	5.29%	6.98%	4.09%	2.56%
Free Cash Flow Margin	-4.63%	0.99%	20.40%	-23.28%	-1.98%
EBITDA	7,509	5,840	4,676	2,701	1,436
EBITDA Margin	10.84%	9.06%	11.33%	7.57%	5.35%
D&A For EBITDA	72	107	89	90	70
EBIT	7,437	5,733	4,587	2,611	1,366
EBIT Margin	10.74%	8.89%	11.12%	7.32%	5.09%
Effective Tax Rate	31.53%	35.22%	32.36%	35.94%	33.20%
Advertising Expenses	298	344	108	256	246

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