Showcase Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,035	6,211	5,683	4,631	1,594	1,530
Revenue Growth (YoY)	-32.55%	9.29%	22.72%	190.53%	4.18%	1.46%
Cost of Revenue	2,548	4,705	4,079	2,936	384	420
Gross Profit	1,487	1,506	1,604	1,695	1,210	1,110
Selling, General & Admin	1,372	1,671	1,891	2,225	1,197	1,063
Operating Expenses	1,366	1,670	1,882	2,216	1,160	1,064
Operating Income	121	-164	-278	-521	50	46
Interest Expense	-18	-19	-12	-9	-3	-5
Interest & Investment Income	5	-	-	12	29	31
Currency Exchange Gain (Loss)	3	-	-	5	-	-
Other Non Operating Income (Expenses)	-59	-54	1	-28	-	-15
EBT Excluding Unusual Items	52	-237	-289	-541	76	57
Gain (Loss) on Sale of Investments	861	-	-	-	-1	-2
Gain (Loss) on Sale of Assets	-2	-6	-7	-	-	3
Asset Writedown	-141	-528	-10	-43	-4	-7
Other Unusual Items	28	-1	123	-80	-2	-1
Pretax Income	798	-772	-183	-664	69	50
Income Tax Expense	69	20	-18	11	10	25
Earnings From Continuing Operations	729	-792	-165	-675	59	25
Minority Interest in Earnings	26	50	48	149	-	-
Net Income	755	-742	-117	-526	59	25
Net Income to Common	755	-742	-117	-526	59	25
Net Income Growth	-	-	-	-	136.00%	-
Shares Outstanding (Basic)	8	7	8	9	9	7
Shares Outstanding (Diluted)	8	7	8	9	9	7
Shares Change (YoY)	18.70%	-12.27%	-5.77%	-0.08%	23.53%	2.41%
EPS (Basic)	91.03	-104.75	-14.49	-61.39	6.89	3.61
EPS (Diluted)	91.03	-104.75	-14.49	-61.39	6.89	3.61
EPS Growth	-	-	-	-	90.68%	-
Free Cash Flow	-	-682	-188	-826	82	91
Free Cash Flow Per Share	-	-96.28	-23.29	-96.41	9.56	13.11
Dividend Per Share	-	-	-	-	6.500	6.000
Dividend Growth	-	-	-	-	8.33%	9.09%
Gross Margin	36.85%	24.25%	28.22%	36.60%	75.91%	72.55%
Operating Margin	3.00%	-2.64%	-4.89%	-11.25%	3.14%	3.01%
Profit Margin	18.71%	-11.95%	-2.06%	-11.36%	3.70%	1.63%
Free Cash Flow Margin	-	-10.98%	-3.31%	-17.84%	5.14%	5.95%
EBITDA	411.5	86	-82	-342	130	111
EBITDA Margin	10.20%	1.39%	-1.44%	-7.38%	8.16%	7.26%
D&A For EBITDA	290.5	250	196	179	80	65
EBIT	121	-164	-278	-521	50	46
EBIT Margin	3.00%	-2.64%	-4.89%	-11.25%	3.14%	3.01%
Effective Tax Rate	8.65%	-	-	-	14.49%	50.00%
Advertising Expenses	-	-	-	376	126	-

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