Ecomic 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	Dec '25 Dec 31, 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	2,307	2,121	2,156	2,216	1,755	1,576
Revenue Growth (YoY)	10.22%	-1.62%	-2.71%	26.27%	11.36%	20.77%
Cost of Revenue	1,630	1,532	1,505	1,502	1,214	1,112
Gross Profit	677	589	651	714	541	464
Selling, General & Admin	599	542	478	510	356	312
Operating Expenses	599	542	478	510	356	312
Operating Income	78	47	173	204	185	152
Interest Expense	-1	-1	-1	-1	-	-
Interest & Investment Income	2	3	2	-	-	-
Currency Exchange Gain (Loss)	-6	-1	-8	3	-2	-
Other Non Operating Income (Expenses)	20	14	10	13	4	-16
EBT Excluding Unusual Items	93	62	176	219	187	136
Gain (Loss) on Sale of Investments	10	10	-	-	-	-
Asset Writedown	-5	-	7	-	-	-
Pretax Income	98	72	183	219	187	136
Income Tax Expense	32	29	56	49	74	35
Net Income	66	43	127	170	113	101
Net Income to Common	66	43	127	170	113	101
Net Income Growth	164.00%	-66.14%	-25.29%	50.44%	11.88%	3.06%
Shares Outstanding (Basic)	5	5	4	4	4	4
Shares Outstanding (Diluted)	5	5	4	4	4	4
Shares Change (YoY)	3.81%	21.31%	1.57%	0.52%	1.51%	15.65%
EPS (Basic)	14.06	9.16	32.83	44.63	29.82	27.15
EPS (Diluted)	14.06	9.16	32.83	44.63	29.82	27.11
EPS Growth	154.30%	-72.09%	-26.45%	49.67%	9.99%	-10.95%
Free Cash Flow	-	102	179	240	221	59
Free Cash Flow Per Share	-	21.73	46.27	63.01	58.32	15.80
Dividend Per Share	13.000	13.000	12.000	8.000	6.000	5.000
Dividend Growth	8.33%	8.33%	50.00%	33.33%	20.00%	-
Gross Margin	29.34%	27.77%	30.20%	32.22%	30.83%	29.44%
Operating Margin	3.38%	2.22%	8.02%	9.21%	10.54%	9.64%
Profit Margin	2.86%	2.03%	5.89%	7.67%	6.44%	6.41%
Free Cash Flow Margin	-	4.81%	8.30%	10.83%	12.59%	3.74%
EBITDA	197.25	167	294	321	271	208
EBITDA Margin	8.55%	7.87%	13.64%	14.49%	15.44%	13.20%
D&A For EBITDA	119.25	120	121	117	86	56
EBIT	78	47	173	204	185	152
EBIT Margin	3.38%	2.22%	8.02%	9.21%	10.54%	9.64%
Effective Tax Rate	32.65%	40.28%	30.60%	22.37%	39.57%	25.74%

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