Nousouken Income Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2019	FY 2018	FY 2017
Period Ending	Aug '19 Aug 31, 2019	Aug '18 Aug 31, 2018	Aug '17 Aug 31, 2017
Revenue	3,102	2,310	1,659
Revenue Growth (YoY)	34.29%	39.24%	-
Cost of Revenue	1,137	637	354
Gross Profit	1,965	1,673	1,305
Selling, General & Admin	1,941	1,751	1,166
Operating Expenses	1,960	1,769	1,174
Operating Income	5	-96	131
Interest Expense	-1	-	-
Earnings From Equity Investments	-11	-	-
Currency Exchange Gain (Loss)	-1	-1	-
Other Non Operating Income (Expenses)	28	51	-1
EBT Excluding Unusual Items	20	-46	130
Other Unusual Items	-2	-	-
Pretax Income	18	-46	130
Income Tax Expense	23	-4	54
Earnings From Continuing Operations	-5	-42	76
Minority Interest in Earnings	9	13	8
Net Income	4	-29	84
Net Income to Common	4	-29	84
Shares Outstanding (Basic)	21	21	21
Shares Outstanding (Diluted)	21	21	21
Shares Change (YoY)	0.07%	0.17%	-
EPS (Basic)	0.19	-1.38	4.01
EPS (Diluted)	0.19	-1.38	4.01
Free Cash Flow	-213	-64	44
Free Cash Flow Per Share	-10.14	-3.05	2.10
Gross Margin	63.35%	72.42%	78.66%
Operating Margin	0.16%	-4.16%	7.90%
Profit Margin	0.13%	-1.26%	5.06%
Free Cash Flow Margin	-6.87%	-2.77%	2.65%
EBITDA	24	-78	139
EBITDA Margin	0.77%	-3.38%	8.38%
D&A For EBITDA	19	18	8
EBIT	5	-96	131
EBIT Margin	0.16%	-4.16%	7.90%
Effective Tax Rate	127.78%	-	41.54%

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