THE WHY HOW DO COMPANY Income Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	2,641	1,751	747	941	919	901
Revenue Growth (YoY)	124.57%	134.40%	-20.62%	2.39%	2.00%	-21.45%
Cost of Revenue	1,182	851	393	623	550	848
Gross Profit	1,459	900	354	318	369	53
Selling, General & Admin	1,709	949	600	552	471	516
Amortization of Goodwill & Intangibles	10	10	2	4	34	50
Operating Expenses	2,655	1,677	656	611	540	532
Operating Income	-1,196	-777	-302	-293	-171	-479
Interest Expense	-15	-6	-9	-2	-3	-5
Interest & Investment Income	4	13	23	11	1	10
Currency Exchange Gain (Loss)	-1	-2	1	-3	-8	-1
Other Non Operating Income (Expenses)	-25	-16	-3	-11	18	70
EBT Excluding Unusual Items	-1,233	-788	-290	-298	-163	-405
Gain (Loss) on Sale of Investments	777	798	46	-	5	5
Gain (Loss) on Sale of Assets	39	19	-	-	-	-2
Asset Writedown	-19	-47	-639	-13	-230	-177
Other Unusual Items	-37	10	-86	-16	1	-1
Pretax Income	-473	-8	-969	-327	-387	-580
Income Tax Expense	62	49	29	18	16	1
Earnings From Continuing Operations	-535	-57	-998	-345	-403	-581
Minority Interest in Earnings	-4	-12	37	-2	-	-
Net Income	-539	-69	-961	-347	-403	-581
Net Income to Common	-539	-69	-961	-347	-403	-581
Shares Outstanding (Basic)	117	95	55	35	32	29
Shares Outstanding (Diluted)	117	95	55	35	32	29
Shares Change (YoY)	51.57%	73.78%	57.59%	8.86%	11.14%	9.25%
EPS (Basic)	-4.59	-0.73	-17.58	-10.01	-12.65	-20.27
EPS (Diluted)	-4.59	-0.73	-17.58	-10.01	-12.65	-20.27
Free Cash Flow	-512	-112	-785	-395	-141	-318
Free Cash Flow Per Share	-4.36	-1.18	-14.36	-11.39	-4.43	-11.09
Gross Margin	55.24%	51.40%	47.39%	33.79%	40.15%	5.88%
Operating Margin	-45.29%	-44.38%	-40.43%	-31.14%	-18.61%	-53.16%
Profit Margin	-20.41%	-3.94%	-128.65%	-36.88%	-43.85%	-64.48%
Free Cash Flow Margin	-19.39%	-6.40%	-105.09%	-41.98%	-15.34%	-35.29%
EBITDA	-1,115	-733	-271	-268	-114	-273
EBITDA Margin	-42.22%	-41.86%	-36.28%	-28.48%	-12.40%	-30.30%
D&A For EBITDA	81	44	31	25	57	206
EBIT	-1,196	-777	-302	-293	-171	-479
EBIT Margin	-45.29%	-44.38%	-40.43%	-31.14%	-18.61%	-53.16%

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