Billing System 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 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,546	4,218	3,782	3,434	3,143
Revenue Growth (YoY)	7.78%	11.53%	10.13%	9.26%	8.87%
Cost of Revenue	2,926	2,685	2,414	2,229	2,113
Gross Profit	1,620	1,533	1,368	1,205	1,030
Selling, General & Admin	973	907	902	724	684
Operating Expenses	973	907	902	724	684
Operating Income	647	626	466	481	346
Interest Expense	-7	-4	-2	-1	-
Interest & Investment Income	16	1	-	-	-
Other Non Operating Income (Expenses)	-5	-1	-1	-1	-1
EBT Excluding Unusual Items	651	622	463	479	345
Asset Writedown	-50	-	-1	-	-
Other Unusual Items	-1	-	-	-	4
Pretax Income	600	622	462	479	349
Income Tax Expense	168	197	146	144	115
Earnings From Continuing Operations	432	425	316	335	234
Minority Interest in Earnings	-24	-19	-16	-12	-10
Net Income	408	406	300	323	224
Net Income to Common	408	406	300	323	224
Net Income Growth	0.49%	35.33%	-7.12%	44.20%	57.75%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	-	-	-	-1.19%	-0.14%
EPS (Basic)	64.87	64.55	47.70	51.36	35.19
EPS (Diluted)	64.87	64.55	47.70	51.36	35.19
EPS Growth	0.49%	35.33%	-7.12%	45.93%	57.97%
Free Cash Flow	4,201	4,356	6,052	-1,128	6,294
Free Cash Flow Per Share	667.95	692.59	962.25	-179.35	988.82
Dividend Per Share	-	22.500	12.000	10.000	10.000
Dividend Growth	-	87.50%	20.00%	-	14.29%
Gross Margin	35.64%	36.34%	36.17%	35.09%	32.77%
Operating Margin	14.23%	14.84%	12.32%	14.01%	11.01%
Profit Margin	8.97%	9.63%	7.93%	9.41%	7.13%
Free Cash Flow Margin	92.41%	103.27%	160.02%	-32.85%	200.25%
EBITDA	690	674	519	535	398
EBITDA Margin	15.18%	15.98%	13.72%	15.58%	12.66%
D&A For EBITDA	43	48	53	54	52
EBIT	647	626	466	481	346
EBIT Margin	14.23%	14.84%	12.32%	14.01%	11.01%
Effective Tax Rate	28.00%	31.67%	31.60%	30.06%	32.95%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.