United & Collective Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	2016 - 2020
Revenue	6,545	6,492	6,168	5,349	2,723	3,351	Upgrade
Revenue Growth (YoY)	3.25%	5.25%	15.31%	96.44%	-18.74%	-58.13%	Upgrade
Cost of Revenue	1,664	1,631	1,494	1,398	760	856	Upgrade
Gross Profit	4,881	4,861	4,674	3,951	1,963	2,495	Upgrade
Selling, General & Admin	4,571	4,506	4,380	4,746	3,566	3,652	Upgrade
Other Operating Expenses	44	44	32	30	7	11	Upgrade
Operating Expenses	4,810	4,745	4,621	5,044	3,817	3,924	Upgrade
Operating Income	71	116	53	-1,093	-1,854	-1,429	Upgrade
Interest Expense	-26	-26	-22	-33	-34	-31	Upgrade
Other Non Operating Income (Expenses)	-9	-4	9	233	1,733	162	Upgrade
EBT Excluding Unusual Items	37	86	40	-893	-155	-1,298	Upgrade
Gain (Loss) on Sale of Assets	-	1	8	1	-	-	Upgrade
Asset Writedown	-37	-	-130	-486	-138	-222	Upgrade
Other Unusual Items	-23	-21	-36	110	-88	-59	Upgrade
Pretax Income	-23	66	-118	-1,268	-381	-1,579	Upgrade
Income Tax Expense	42	7	-27	19	75	45	Upgrade
Net Income	-65	59	-91	-1,287	-456	-1,624	Upgrade
Net Income to Common	-65	59	-91	-1,287	-456	-1,624	Upgrade
Shares Outstanding (Basic)	5	4	4	3	3	3	Upgrade
Shares Outstanding (Diluted)	5	7	4	3	3	3	Upgrade
Shares Change (YoY)	14.06%	81.98%	8.02%	3.49%	8.47%	-	Upgrade
EPS (Basic)	-13.96	13.99	-24.92	-380.77	-139.62	-539.36	Upgrade
EPS (Diluted)	-13.96	8.88	-24.92	-380.77	-139.62	-539.36	Upgrade
Free Cash Flow	-	-115	79	-297	-848	-1,250	Upgrade
Free Cash Flow Per Share	-	-17.31	21.64	-87.87	-259.64	-415.14	Upgrade
Gross Margin	74.58%	74.88%	75.78%	73.86%	72.09%	74.45%	Upgrade
Operating Margin	1.08%	1.79%	0.86%	-20.43%	-68.09%	-42.64%	Upgrade
Profit Margin	-0.99%	0.91%	-1.47%	-24.06%	-16.75%	-48.46%	Upgrade
Free Cash Flow Margin	-	-1.77%	1.28%	-5.55%	-31.14%	-37.30%	Upgrade
EBITDA	271.25	326	276	-825	-1,610	-1,154	Upgrade
EBITDA Margin	4.14%	5.02%	4.47%	-15.42%	-59.13%	-34.44%	Upgrade
D&A For EBITDA	200.25	210	223	268	244	275	Upgrade
EBIT	71	116	53	-1,093	-1,854	-1,429	Upgrade
EBIT Margin	1.08%	1.79%	0.86%	-20.43%	-68.09%	-42.64%	Upgrade
Effective Tax Rate	-	10.61%	-	-	-	-	Upgrade

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