KAYAC Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	20,094	16,727	17,467	16,502	12,566
Revenue Growth (YoY)	20.13%	-4.24%	5.85%	31.32%	43.63%
Cost of Revenue	9,180	7,702	8,242	8,587	6,633
Gross Profit	10,914	9,025	9,225	7,915	5,933
Selling, General & Admin	9,843	8,656	8,194	6,703	4,786
Operating Expenses	9,843	8,667	8,203	6,703	4,789
Operating Income	1,071	358	1,022	1,212	1,144
Interest Expense	-26	-14	-7	-7	-8
Interest & Investment Income	11	2	1	7	1
Earnings From Equity Investments	-258	-74	-19	-	-
Currency Exchange Gain (Loss)	20	84	21	-6	18
Other Non Operating Income (Expenses)	30	45	19	13	111
EBT Excluding Unusual Items	848	401	1,037	1,219	1,266
Gain (Loss) on Sale of Investments	249	-4	-63	42	92
Gain (Loss) on Sale of Assets	-	21	-	-	-
Asset Writedown	-	-55	-33	-	-
Other Unusual Items	6	-1	-	-	-
Pretax Income	1,103	362	941	1,261	1,358
Income Tax Expense	400	201	375	420	442
Earnings From Continuing Operations	703	161	566	841	916
Minority Interest in Earnings	-20	-12	-55	-58	-87
Net Income	683	149	511	783	829
Net Income to Common	683	149	511	783	829
Net Income Growth	358.39%	-70.84%	-34.74%	-5.55%	64.16%
Shares Outstanding (Basic)	16	16	16	16	15
Shares Outstanding (Diluted)	16	16	16	16	15
Shares Change (YoY)	-0.42%	-0.48%	2.82%	2.54%	0.15%
EPS (Basic)	42.58	9.25	31.96	50.32	54.50
EPS (Diluted)	42.58	9.25	31.58	49.75	54.03
EPS Growth	360.31%	-70.71%	-36.52%	-7.92%	63.93%
Free Cash Flow	408	-383	977	1,505	383
Free Cash Flow Per Share	25.43	-23.78	60.36	95.60	24.95
Dividend Per Share	-	3.900	3.900	3.900	3.900
Gross Margin	54.32%	53.95%	52.81%	47.96%	47.22%
Operating Margin	5.33%	2.14%	5.85%	7.34%	9.10%
Profit Margin	3.40%	0.89%	2.93%	4.75%	6.60%
Free Cash Flow Margin	2.03%	-2.29%	5.59%	9.12%	3.05%
EBITDA	1,417	706	1,374	1,464	1,364
EBITDA Margin	7.05%	4.22%	7.87%	8.87%	10.85%
D&A For EBITDA	346	348	352	252	220
EBIT	1,071	358	1,022	1,212	1,144
EBIT Margin	5.33%	2.14%	5.85%	7.34%	9.10%
Effective Tax Rate	36.27%	55.53%	39.85%	33.31%	32.55%
Advertising Expenses	-	6,060	5,746	4,545	2,892

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.