Mullion Income Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	3,279	3,254	2,876	2,808	2,159	1,841
Revenue Growth (YoY)	15.25%	13.14%	2.42%	30.06%	17.27%	-51.15%
Cost of Revenue	1,871	1,875	1,691	1,902	1,340	1,000
Gross Profit	1,408	1,379	1,185	906	819	841
Selling, General & Admin	429	423	419	495	563	516
Other Operating Expenses	64	64	51	-	-	-
Operating Expenses	510	504	489	523	593	547
Operating Income	898	875	696	383	226	294
Interest Expense	-142	-135	-113	-94	-84	-83
Interest & Investment Income	5	5	3	4	2	3
Other Non Operating Income (Expenses)	-82	-81	-64	-134	-55	-85
EBT Excluding Unusual Items	679	664	522	159	89	129
Gain (Loss) on Sale of Investments	-	-	-1	-	-	-
Asset Writedown	-	-	-	-4	-	-
Other Unusual Items	-	-	-	1	1	-
Pretax Income	679	664	521	156	90	129
Income Tax Expense	210	205	179	14	30	42
Net Income to Company	-	459	342	142	60	87
Net Income	469	459	342	142	60	87
Net Income to Common	469	459	342	142	60	87
Net Income Growth	44.31%	34.21%	140.84%	136.67%	-31.03%	-66.28%
Shares Outstanding (Basic)	8	8	8	2	2	2
Shares Outstanding (Diluted)	8	8	8	2	2	2
Shares Change (YoY)	-16.52%	0.07%	403.93%	-	-	-0.00%
EPS (Basic)	59.84	58.57	43.69	90.70	38.33	55.57
EPS (Diluted)	59.41	58.14	43.35	90.70	38.33	55.57
EPS Growth	72.86%	34.12%	-52.21%	136.67%	-31.03%	-66.28%
Free Cash Flow	-	927	472	-2,602	940	-705
Free Cash Flow Per Share	-	117.42	59.83	-1662.05	600.43	-450.32
Gross Margin	42.94%	42.38%	41.20%	32.27%	37.93%	45.68%
Operating Margin	27.39%	26.89%	24.20%	13.64%	10.47%	15.97%
Profit Margin	14.30%	14.11%	11.89%	5.06%	2.78%	4.73%
Free Cash Flow Margin	-	28.49%	16.41%	-92.66%	43.54%	-38.29%
EBITDA	1,103	1,086	933	617	432	509
EBITDA Margin	33.62%	33.37%	32.44%	21.97%	20.01%	27.65%
D&A For EBITDA	204.5	211	237	234	206	215
EBIT	898	875	696	383	226	294
EBIT Margin	27.39%	26.89%	24.20%	13.64%	10.47%	15.97%
Effective Tax Rate	30.93%	30.87%	34.36%	8.97%	33.33%	32.56%

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