Baroque Japan Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	51,499	58,180	60,290	58,842	59,139
Revenue Growth (YoY)	-11.48%	-3.50%	2.46%	-0.50%	16.90%
Cost of Revenue	20,572	25,080	26,026	25,432	26,358
Gross Profit	30,927	33,100	34,264	33,410	32,781
Selling, General & Admin	30,606	32,287	32,309	31,259	30,028
Operating Expenses	30,606	32,287	32,309	31,259	30,028
Operating Income	321	813	1,955	2,151	2,753
Interest Expense	-82	-50	-29	-30	-31
Interest & Investment Income	111	45	12	8	7
Earnings From Equity Investments	-	-2,436	-228	-940	-142
Currency Exchange Gain (Loss)	-4	-89	265	-147	216
Other Non Operating Income (Expenses)	44	37	58	182	70
EBT Excluding Unusual Items	390	-1,680	2,033	1,224	2,873
Gain (Loss) on Sale of Investments	146	-	-	-	-
Gain (Loss) on Sale of Assets	-7	-6	-12	-16	-29
Asset Writedown	-139	-281	-283	-138	-265
Other Unusual Items	-	-	-	-	-7
Pretax Income	390	-1,967	1,738	1,070	2,572
Income Tax Expense	24	431	560	597	780
Earnings From Continuing Operations	366	-2,398	1,178	473	1,792
Minority Interest in Earnings	-	-177	-233	-230	-321
Net Income	366	-2,575	945	243	1,471
Net Income to Common	366	-2,575	945	243	1,471
Net Income Growth	-	-	288.89%	-83.48%	292.27%
Shares Outstanding (Basic)	36	36	36	36	36
Shares Outstanding (Diluted)	36	36	36	36	36
Shares Change (YoY)	0.05%	-0.14%	0.03%	0.01%	0.07%
EPS (Basic)	10.17	-71.58	26.23	6.75	40.84
EPS (Diluted)	10.17	-71.58	26.23	6.75	40.84
EPS Growth	-	-	288.79%	-83.48%	292.00%
Free Cash Flow	227	1,602	572	1,468	1,543
Free Cash Flow Per Share	6.31	44.53	15.88	40.76	42.84
Dividend Per Share	-	38.000	38.000	38.000	38.000
Dividend Growth	-	-	-	-	18.75%
Gross Margin	60.05%	56.89%	56.83%	56.78%	55.43%
Operating Margin	0.62%	1.40%	3.24%	3.66%	4.66%
Profit Margin	0.71%	-4.43%	1.57%	0.41%	2.49%
Free Cash Flow Margin	0.44%	2.75%	0.95%	2.50%	2.61%
EBITDA	1,226	1,750	2,817	2,875	3,564
EBITDA Margin	2.38%	3.01%	4.67%	4.89%	6.03%
D&A For EBITDA	905	937	862	724	811
EBIT	321	813	1,955	2,151	2,753
EBIT Margin	0.62%	1.40%	3.24%	3.65%	4.66%
Effective Tax Rate	6.15%	-	32.22%	55.79%	30.33%

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