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	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Sep 30, 2021
Operating Revenue	48,156	46,387	36,887	19,859	15,994	15,653
Other Revenue	-	-	128	162	-464	-
Revenue	48,156	46,387	37,015	20,021	15,530	15,653
Revenue Growth (YoY)	20.29%	25.32%	84.88%	28.92%	-0.79%	48.48%
Cost of Revenue	20,994	20,499	13,973	7,498	4,377	4,065
Gross Profit	27,162	25,888	23,042	12,523	11,153	11,588
Selling, General & Admin	14,709	12,185	11,473	6,813	5,409	5,268
Other Operating Expenses	-198	21	19	-207	-	-3
Operating Expenses	14,683	13,458	13,280	6,961	5,789	5,540
Operating Income	12,479	12,430	9,762	5,562	5,364	6,048
Interest Expense	-748	-321	-122	-48	-25	-58
Interest & Investment Income	360	18	4	-	4	-
Earnings From Equity Investments	168	191	42	-	-	-
Currency Exchange Gain (Loss)	-	-8	50	-21	1	-
Other Non Operating Income (Expenses)	-4	28	-14	-2	-16	-17
EBT Excluding Unusual Items	12,255	12,338	9,722	5,491	5,328	5,973
Gain (Loss) on Sale of Investments	-	1,176	-55	184	-	-
Gain (Loss) on Sale of Assets	-	28	-11	-1	-120	-63
Asset Writedown	-798	-798	-2,229	-22	-	-
Pretax Income	11,457	12,744	7,427	5,652	5,208	5,910
Income Tax Expense	4,437	4,734	2,928	1,743	1,383	1,798
Earnings From Continuing Operations	7,020	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	-405	-478	-174	-53	-96	-8
Net Income	6,615	7,532	4,325	3,856	3,729	4,104
Net Income to Common	6,615	7,532	4,325	3,856	3,729	4,104
Net Income Growth	34.95%	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)	-5.07%	-4.56%	-0.03%	-0.36%	3.31%	10.37%
EPS (Basic)	95.05	107.49	59.78	53.31	51.51	58.78
EPS (Diluted)	95.05	107.27	58.80	52.41	50.50	57.41
EPS Growth	42.13%	82.43%	12.19%	3.79%	-12.04%	81.45%
Free Cash Flow	9,116	7,652	10,974	-3,387	4,004	3,662
Free Cash Flow Per Share	130.99	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	56.40%	55.81%	62.25%	62.55%	71.82%	74.03%
Operating Margin	25.91%	26.80%	26.37%	27.78%	34.54%	38.64%
Profit Margin	13.74%	16.24%	11.68%	19.26%	24.01%	26.22%
Free Cash Flow Margin	18.93%	16.50%	29.65%	-16.92%	25.78%	23.39%
EBITDA	14,914	14,817	11,406	6,534	5,972	6,791
EBITDA Margin	30.97%	31.94%	30.81%	32.64%	38.45%	43.38%
D&A For EBITDA	2,435	2,387	1,644	972	608	743
EBIT	12,479	12,430	9,762	5,562	5,364	6,048
EBIT Margin	25.91%	26.80%	26.37%	27.78%	34.54%	38.64%
Effective Tax Rate	38.73%	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.