Showcase 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	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,290	2,901	6,211	5,683	4,631
Revenue Growth (YoY)	-55.53%	-53.29%	9.29%	22.72%	190.53%
Cost of Revenue	317	1,602	4,705	4,079	2,936
Gross Profit	973	1,299	1,506	1,604	1,695
Selling, General & Admin	1,034	1,213	1,671	1,891	2,225
Operating Expenses	1,030	1,208	1,670	1,882	2,216
Operating Income	-57	91	-164	-278	-521
Interest Expense	-10	-14	-19	-12	-9
Interest & Investment Income	11	8	-	-	12
Currency Exchange Gain (Loss)	-	3	-	-	5
Other Non Operating Income (Expenses)	-6	-11	-54	1	-28
EBT Excluding Unusual Items	-62	77	-237	-289	-541
Gain (Loss) on Sale of Investments	-35	861	-	-	-
Gain (Loss) on Sale of Assets	-	-	-6	-7	-
Asset Writedown	-136	-110	-528	-10	-43
Other Unusual Items	13	18	-1	123	-80
Pretax Income	-220	846	-772	-183	-664
Income Tax Expense	-16	40	20	-18	11
Earnings From Continuing Operations	-204	806	-792	-165	-675
Minority Interest in Earnings	-	4	50	48	149
Net Income	-204	810	-742	-117	-526
Net Income to Common	-204	810	-742	-117	-526
Shares Outstanding (Basic)	9	9	7	8	9
Shares Outstanding (Diluted)	9	9	7	8	9
Shares Change (YoY)	-	21.02%	-12.27%	-5.77%	-0.08%
EPS (Basic)	-23.80	94.49	-104.75	-14.49	-61.39
EPS (Diluted)	-23.80	94.49	-104.75	-14.49	-61.39
Free Cash Flow	-76.8	-	-682	-188	-826
Free Cash Flow Per Share	-8.96	-	-96.28	-23.29	-96.41
Gross Margin	75.43%	44.78%	24.25%	28.22%	36.60%
Operating Margin	-4.42%	3.14%	-2.64%	-4.89%	-11.25%
Profit Margin	-15.81%	27.92%	-11.95%	-2.06%	-11.36%
Free Cash Flow Margin	-5.95%	-	-10.98%	-3.31%	-17.84%
EBITDA	3.8	341	86	-82	-342
EBITDA Margin	0.29%	11.76%	1.39%	-1.44%	-7.38%
D&A For EBITDA	60.8	250	250	196	179
EBIT	-57	91	-164	-278	-521
EBIT Margin	-4.42%	3.14%	-2.64%	-4.89%	-11.25%
Effective Tax Rate	-	4.73%	-	-	-
Advertising Expenses	-	-	-	-	376

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