ULS Group Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	14,940	13,203	10,382	8,515	7,367	7,191
Revenue Growth (YoY)	27.67%	27.17%	21.93%	15.58%	2.45%	12.59%
Cost of Revenue	8,994	7,885	6,521	5,153	4,433	4,636
Gross Profit	5,946	5,318	3,861	3,362	2,934	2,555
Selling, General & Admin	3,240	2,694	2,103	1,634	1,327	1,138
Operating Expenses	3,240	2,694	2,103	1,634	1,327	1,138
Operating Income	2,706	2,624	1,758	1,728	1,607	1,417
Interest & Investment Income	24	12	-	-	-	-
Other Non Operating Income (Expenses)	-1	-	-1	-3	-	-
EBT Excluding Unusual Items	2,729	2,636	1,757	1,725	1,607	1,417
Gain (Loss) on Sale of Investments	-	-	-	197	-	-
Other Unusual Items	-	-	-	1	-	-
Pretax Income	2,729	2,636	1,757	1,923	1,607	1,417
Income Tax Expense	978	942	585	654	585	512
Earnings From Continuing Operations	1,751	1,694	1,172	1,269	1,022	905
Minority Interest in Earnings	-53	-59	-41	-36	-24	-14
Net Income	1,698	1,635	1,131	1,233	998	891
Net Income to Common	1,698	1,635	1,131	1,233	998	891
Net Income Growth	12.97%	44.56%	-8.27%	23.55%	12.01%	20.73%
Shares Outstanding (Basic)	55	55	55	55	56	56
Shares Outstanding (Diluted)	58	57	55	56	57	56
Shares Change (YoY)	4.81%	3.02%	-0.42%	-2.22%	1.11%	-2.45%
EPS (Basic)	30.74	29.72	20.57	22.45	17.82	15.92
EPS (Diluted)	29.30	28.72	20.46	22.22	17.58	15.88
EPS Growth	7.78%	40.34%	-7.90%	26.35%	10.72%	23.83%
Free Cash Flow	711	1,497	692	687	514	1,006
Free Cash Flow Per Share	12.26	26.28	12.52	12.37	9.05	17.91
Dividend Per Share	6.000	6.000	4.500	4.500	3.600	3.200
Dividend Growth	33.33%	33.33%	-	25.00%	12.50%	23.08%
Gross Margin	39.80%	40.28%	37.19%	39.48%	39.83%	35.53%
Operating Margin	18.11%	19.87%	16.93%	20.29%	21.81%	19.71%
Profit Margin	11.37%	12.38%	10.89%	14.48%	13.55%	12.39%
Free Cash Flow Margin	4.76%	11.34%	6.67%	8.07%	6.98%	13.99%
EBITDA	2,821	2,719	1,847	1,797	1,660	1,463
EBITDA Margin	18.88%	20.59%	17.79%	21.10%	22.53%	20.34%
D&A For EBITDA	115	95	89	69	53	46
EBIT	2,706	2,624	1,758	1,728	1,607	1,417
EBIT Margin	18.11%	19.87%	16.93%	20.29%	21.81%	19.71%
Effective Tax Rate	35.84%	35.74%	33.30%	34.01%	36.40%	36.13%

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