CHANGE Holdings,Inc. (TYO:3962)

CHANGE Holdings,Inc. Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Sep 30, 2021
Operating Revenue	52,141	46,387	36,887	19,859	15,994	15,653
Other Revenue	-	-	128	162	-464	-
Revenue	52,141	46,387	37,015	20,021	15,530	15,653
Revenue Growth (YoY)	34.14%	25.32%	84.88%	28.92%	-0.79%	48.48%
Cost of Revenue	22,396	20,499	13,973	7,498	4,377	4,065
Gross Profit	29,745	25,888	23,042	12,523	11,153	11,588
Selling, General & Admin	15,815	12,185	11,473	6,813	5,409	5,268
Other Operating Expenses	-2	21	19	-207	-	-3
Operating Expenses	17,065	13,458	13,280	6,961	5,789	5,540
Operating Income	12,680	12,430	9,762	5,562	5,364	6,048
Interest Expense	-250	-321	-122	-48	-25	-58
Interest & Investment Income	551	18	4	-	4	-
Earnings From Equity Investments	162	191	42	-	-	-
Currency Exchange Gain (Loss)	-8	-8	50	-21	1	-
Other Non Operating Income (Expenses)	27	28	-14	-2	-16	-17
EBT Excluding Unusual Items	13,162	12,338	9,722	5,491	5,328	5,973
Gain (Loss) on Sale of Investments	-393	1,176	-55	184	-	-
Gain (Loss) on Sale of Assets	28	28	-11	-1	-120	-63
Asset Writedown	-798	-798	-2,229	-22	-	-
Pretax Income	11,999	12,744	7,427	5,652	5,208	5,910
Income Tax Expense	4,652	4,734	2,928	1,743	1,383	1,798
Earnings From Continuing Operations	7,347	8,010	4,499	3,909	3,825	4,112
Net Income to Company	-	8,010	4,499	3,909	3,825	4,112
Minority Interest in Earnings	-358	-478	-174	-53	-96	-8
Net Income	6,989	7,532	4,325	3,856	3,729	4,104
Net Income to Common	6,989	7,532	4,325	3,856	3,729	4,104
Net Income Growth	111.92%	74.15%	12.16%	3.41%	-9.14%	100.29%
Shares Outstanding (Basic)	70	70	72	72	72	70
Shares Outstanding (Diluted)	70	70	74	74	74	71
Shares Change (YoY)	-3.89%	-4.56%	-0.03%	-0.36%	3.31%	10.37%
EPS (Basic)	100.45	107.49	59.78	53.31	51.51	58.78
EPS (Diluted)	100.45	107.27	58.80	52.41	50.50	57.41
EPS Growth	120.47%	82.43%	12.19%	3.79%	-12.04%	81.45%
Free Cash Flow	8,838	7,652	10,974	-3,387	4,004	3,662
Free Cash Flow Per Share	127.02	108.97	149.16	-46.03	54.22	51.23
Dividend Per Share	20.090	20.090	12.000	7.000	9.000	-
Dividend Growth	67.42%	67.42%	71.43%	-22.22%	-	-
Gross Margin	57.05%	55.81%	62.25%	62.55%	71.82%	74.03%
Operating Margin	24.32%	26.80%	26.37%	27.78%	34.54%	38.64%
Profit Margin	13.40%	16.24%	11.68%	19.26%	24.01%	26.22%
Free Cash Flow Margin	16.95%	16.50%	29.65%	-16.92%	25.78%	23.39%
EBITDA	15,302	14,817	11,406	6,534	5,972	6,791
EBITDA Margin	29.35%	31.94%	30.81%	32.64%	38.45%	43.38%
D&A For EBITDA	2,622	2,387	1,644	972	608	743
EBIT	12,680	12,430	9,762	5,562	5,364	6,048
EBIT Margin	24.32%	26.80%	26.37%	27.78%	34.54%	38.64%
Effective Tax Rate	38.77%	37.15%	39.42%	30.84%	26.55%	30.42%
Advertising Expenses	-	2,952	2,952	1,405	-	1,930

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