Softmax Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	7,877	6,928	5,428	5,260	5,050	4,489
Revenue Growth (YoY)	34.12%	27.63%	3.19%	4.16%	12.50%	11.58%
Cost of Revenue	5,990	5,066	3,757	3,695	3,608	3,037
Gross Profit	1,887	1,862	1,671	1,565	1,442	1,452
Selling, General & Admin	1,146	1,102	995	973	882	851
Operating Expenses	1,166	1,122	1,009	984	894	862
Operating Income	721	740	662	581	548	590
Interest Expense	-15	-11	-4	-4	-4	-6
Interest & Investment Income	6	4	-	-	-	-
Other Non Operating Income (Expenses)	75	61	42	48	47	45
EBT Excluding Unusual Items	787	794	700	625	591	629
Gain (Loss) on Sale of Investments	-	-	-	-	3	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	-8
Pretax Income	787	794	700	625	594	621
Income Tax Expense	221	221	220	173	175	199
Net Income	566	573	480	452	419	422
Net Income to Common	566	573	480	452	419	422
Net Income Growth	-12.38%	19.38%	6.19%	7.88%	-0.71%	26.35%
Shares Outstanding (Basic)	29	24	6	6	6	6
Shares Outstanding (Diluted)	29	24	6	6	6	6
Shares Change (YoY)	375.76%	300.54%	0.07%	0.25%	0.24%	0.10%
EPS (Basic)	19.83	23.85	80.01	75.40	70.07	70.75
EPS (Diluted)	19.83	23.85	80.01	75.40	70.07	70.75
EPS Growth	-81.58%	-70.20%	6.12%	7.61%	-0.95%	26.23%
Free Cash Flow	-	384	624	215	164	266
Free Cash Flow Per Share	-	15.98	104.02	35.87	27.43	44.59
Gross Margin	23.96%	26.88%	30.79%	29.75%	28.55%	32.35%
Operating Margin	9.15%	10.68%	12.20%	11.05%	10.85%	13.14%
Profit Margin	7.18%	8.27%	8.84%	8.59%	8.30%	9.40%
Free Cash Flow Margin	-	5.54%	11.50%	4.09%	3.25%	5.93%
EBITDA	765	783	701	609	572	613
EBITDA Margin	9.71%	11.30%	12.91%	11.58%	11.33%	13.66%
D&A For EBITDA	44	43	39	28	24	23
EBIT	721	740	662	581	548	590
EBIT Margin	9.15%	10.68%	12.20%	11.05%	10.85%	13.14%
Effective Tax Rate	28.08%	27.83%	31.43%	27.68%	29.46%	32.05%

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