4Cs HD Income Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	2,354	2,441	2,257	2,136	2,324	2,469
Revenue Growth (YoY)	2.42%	8.15%	5.67%	-8.09%	-5.87%	25.52%
Cost of Revenue	750.29	780	764	706	745	690
Gross Profit	1,604	1,661	1,493	1,430	1,579	1,779
Selling, General & Admin	1,921	1,678	1,558	1,592	1,668	1,890
Amortization of Goodwill & Intangibles	-	98	27	22	9	9
Other Operating Expenses	-	50	34	31	21	28
Operating Expenses	1,950	1,821	1,619	1,645	1,698	1,927
Operating Income	-345.78	-160	-126	-215	-119	-148
Interest Expense	-43.89	-34	-6	-5	-5	-7
Interest & Investment Income	0.57	-	5	-	-	-
Other Non Operating Income (Expenses)	-12.31	-13	-3	4	7	6
EBT Excluding Unusual Items	-401.41	-207	-130	-216	-117	-149
Gain (Loss) on Sale of Investments	-	-	-	-	-	81
Gain (Loss) on Sale of Assets	-	-	1	-	2	-
Asset Writedown	-10.03	-7	-4	-43	-38	-123
Other Unusual Items	0.13	-29	-125	-1	6	-
Pretax Income	-411.3	-243	-258	-260	-147	-191
Income Tax Expense	8.03	-	15	12	9	-13
Net Income	-419.28	-243	-273	-272	-156	-178
Net Income to Common	-419.28	-243	-273	-272	-156	-178
Shares Outstanding (Basic)	11	10	9	8	7	7
Shares Outstanding (Diluted)	11	10	9	8	7	7
Shares Change (YoY)	5.29%	18.19%	13.01%	7.43%	0.64%	4.55%
EPS (Basic)	-39.55	-23.55	-31.27	-35.21	-21.69	-24.91
EPS (Diluted)	-39.55	-23.55	-31.27	-35.21	-21.69	-24.91
Free Cash Flow	-	-728	-361	-331	-44	-127
Free Cash Flow Per Share	-	-70.56	-41.35	-42.85	-6.12	-17.77
Gross Margin	68.13%	68.05%	66.15%	66.95%	67.94%	72.05%
Operating Margin	-14.69%	-6.55%	-5.58%	-10.07%	-5.12%	-5.99%
Profit Margin	-17.81%	-9.96%	-12.10%	-12.73%	-6.71%	-7.21%
Free Cash Flow Margin	-	-29.82%	-16.00%	-15.50%	-1.89%	-5.14%
EBITDA	-	-41	-77	-168	-75	-87
EBITDA Margin	-	-1.68%	-3.41%	-7.87%	-3.23%	-3.52%
D&A For EBITDA	136.5	119	49	47	44	61
EBIT	-345.78	-160	-126	-215	-119	-148
EBIT Margin	-14.69%	-6.55%	-5.58%	-10.06%	-5.12%	-5.99%
Advertising Expenses	-	188	162	130	138	471

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