TYO:3777 Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,454	17,237	16,999	754	263	354
Revenue Growth (YoY)	-62.83%	1.40%	2154.51%	186.69%	-25.71%	-47.16%
Cost of Revenue	6,012	16,710	15,945	569	201	282
Gross Profit	442	527	1,054	185	62	72
Selling, General & Admin	482	570	834	292	215	341
Operating Expenses	492	580	848	294	165	311
Operating Income	-50	-53	206	-109	-103	-239
Interest & Investment Income	11	-	-	-	-	-
Currency Exchange Gain (Loss)	-2	-2	-21	-	-	-
Other Non Operating Income (Expenses)	-2	-15	-16	-8	-5	-6
EBT Excluding Unusual Items	-43	-70	169	-117	-108	-245
Gain (Loss) on Sale of Investments	-	-	-	-	322	-
Gain (Loss) on Sale of Assets	-1	-	-	-	-	-
Asset Writedown	-80	-80	-	-49	-	-2,993
Other Unusual Items	-72	-	-	-4	46	2
Pretax Income	-196	-150	169	-170	260	-3,236
Income Tax Expense	4	4	16	1	-	2
Earnings From Continuing Operations	-200	-154	153	-171	260	-3,238
Minority Interest in Earnings	-	-	-	-	-	1,477
Net Income	-200	-154	153	-171	260	-1,761
Net Income to Common	-200	-154	153	-171	260	-1,761
Shares Outstanding (Basic)	294	285	275	223	183	139
Shares Outstanding (Diluted)	294	285	276	223	188	139
Shares Change (YoY)	3.59%	3.42%	23.75%	18.26%	35.96%	1.58%
EPS (Basic)	-0.68	-0.54	0.56	-0.77	1.42	-12.71
EPS (Diluted)	-0.68	-0.54	0.55	-0.77	1.38	-12.71
Free Cash Flow	-	-121	-72	-276	-566	-144
Free Cash Flow Per Share	-	-0.42	-0.26	-1.24	-3.00	-1.04
Gross Margin	6.85%	3.06%	6.20%	24.54%	23.57%	20.34%
Operating Margin	-0.78%	-0.31%	1.21%	-14.46%	-39.16%	-67.51%
Profit Margin	-3.10%	-0.89%	0.90%	-22.68%	98.86%	-497.46%
Free Cash Flow Margin	-	-0.70%	-0.42%	-36.60%	-215.21%	-40.68%
EBITDA	-7.5	-18	231	-91	-	-109
EBITDA Margin	-0.12%	-0.10%	1.36%	-12.07%	-	-30.79%
D&A For EBITDA	42.5	35	25	18	-	130
EBIT	-50	-53	206	-109	-103	-239
EBIT Margin	-0.78%	-0.31%	1.21%	-14.46%	-39.16%	-67.51%
Effective Tax Rate	-	-	9.47%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.