ULS Group Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	16,600	13,203	10,382	8,515	7,367
Revenue Growth (YoY)	25.73%	27.17%	21.93%	15.58%	2.45%
Cost of Revenue	9,990	7,885	6,521	5,153	4,433
Gross Profit	6,610	5,318	3,861	3,362	2,934
Selling, General & Admin	3,562	2,694	2,103	1,634	1,327
Operating Expenses	3,562	2,694	2,103	1,634	1,327
Operating Income	3,048	2,624	1,758	1,728	1,607
Interest & Investment Income	21	12	-	-	-
Other Non Operating Income (Expenses)	-7	-	-1	-3	-
EBT Excluding Unusual Items	3,062	2,636	1,757	1,725	1,607
Gain (Loss) on Sale of Investments	-	-	-	197	-
Other Unusual Items	-	-	-	1	-
Pretax Income	3,062	2,636	1,757	1,923	1,607
Income Tax Expense	977	942	585	654	585
Earnings From Continuing Operations	2,085	1,694	1,172	1,269	1,022
Minority Interest in Earnings	-58	-59	-41	-36	-24
Net Income	2,027	1,635	1,131	1,233	998
Net Income to Common	2,027	1,635	1,131	1,233	998
Net Income Growth	23.98%	44.56%	-8.27%	23.55%	12.01%
Shares Outstanding (Basic)	56	55	55	55	56
Shares Outstanding (Diluted)	58	57	55	56	57
Shares Change (YoY)	2.51%	3.02%	-0.42%	-2.22%	1.11%
EPS (Basic)	36.19	29.72	20.57	22.45	17.82
EPS (Diluted)	34.71	28.72	20.46	22.22	17.58
EPS Growth	20.87%	40.34%	-7.90%	26.35%	10.72%
Free Cash Flow	1,604	1,497	692	687	514
Free Cash Flow Per Share	27.47	26.28	12.52	12.37	9.05
Dividend Per Share	-	6.000	4.500	4.500	3.600
Dividend Growth	-	33.33%	-	25.00%	12.50%
Gross Margin	39.82%	40.28%	37.19%	39.48%	39.83%
Operating Margin	18.36%	19.87%	16.93%	20.29%	21.81%
Profit Margin	12.21%	12.38%	10.89%	14.48%	13.55%
Free Cash Flow Margin	9.66%	11.34%	6.67%	8.07%	6.98%
EBITDA	3,202	2,719	1,847	1,797	1,660
EBITDA Margin	19.29%	20.59%	17.79%	21.10%	22.53%
D&A For EBITDA	154	95	89	69	53
EBIT	3,048	2,624	1,758	1,728	1,607
EBIT Margin	18.36%	19.87%	16.93%	20.29%	21.81%
Effective Tax Rate	31.91%	35.74%	33.30%	34.01%	36.40%

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