Software Service Income Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	42,298	38,425	33,720	27,569	25,276
Revenue Growth (YoY)	10.08%	13.95%	22.31%	9.07%	23.30%
Cost of Revenue	30,969	28,437	24,540	20,254	18,564
Gross Profit	11,329	9,988	9,180	7,315	6,712
Selling, General & Admin	2,537	2,350	2,252	2,134	2,189
Other Operating Expenses	320	297	346	283	212
Operating Expenses	2,940	2,712	2,663	2,462	2,431
Operating Income	8,389	7,276	6,517	4,853	4,281
Interest & Investment Income	65	38	42	35	39
Other Non Operating Income (Expenses)	17	21	32	21	16
EBT Excluding Unusual Items	8,471	7,335	6,591	4,909	4,336
Gain (Loss) on Sale of Investments	-	-	-	-	-2
Pretax Income	8,471	7,335	6,591	4,909	4,334
Income Tax Expense	2,359	2,007	1,727	1,510	1,336
Net Income	6,112	5,328	4,864	3,399	2,998
Net Income to Common	6,112	5,328	4,864	3,399	2,998
Net Income Growth	14.71%	9.54%	43.10%	13.38%	27.74%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	0.06%	0.02%	-3.31%	-0.48%	-0.07%
EPS (Basic)	1167.97	1018.74	930.20	628.51	551.71
EPS (Diluted)	1167.97	1018.74	930.20	628.51	551.71
EPS Growth	14.65%	9.52%	48.00%	13.92%	27.83%
Free Cash Flow	2,846	7,050	5,369	853	1,273
Free Cash Flow Per Share	543.86	1347.99	1026.77	157.73	234.27
Dividend Per Share	-	140.000	120.000	100.000	95.000
Dividend Growth	-	16.67%	20.00%	5.26%	11.77%
Gross Margin	26.78%	25.99%	27.22%	26.53%	26.55%
Operating Margin	19.83%	18.94%	19.33%	17.60%	16.94%
Profit Margin	14.45%	13.87%	14.42%	12.33%	11.86%
Free Cash Flow Margin	6.73%	18.35%	15.92%	3.09%	5.04%
EBITDA	9,268	7,927	7,163	5,251	4,526
EBITDA Margin	21.91%	20.63%	21.24%	19.05%	17.91%
D&A For EBITDA	879	651	646	398	245
EBIT	8,389	7,276	6,517	4,853	4,281
EBIT Margin	19.83%	18.94%	19.33%	17.60%	16.94%
Effective Tax Rate	27.85%	27.36%	26.20%	30.76%	30.83%

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