Innovation Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	6,480	5,343	4,813	4,570	4,380	3,083
Revenue Growth (YoY)	21.58%	11.01%	5.32%	4.34%	42.07%	52.47%
Cost of Revenue	3,255	3,032	2,741	2,557	2,148	1,531
Gross Profit	3,225	2,311	2,072	2,013	2,232	1,552
Selling, General & Admin	3,441	1,934	1,662	1,664	1,450	1,030
Operating Expenses	3,466	1,959	1,672	1,670	1,454	1,034
Operating Income	-241	352	400	343	778	518
Interest Expense	-30	-8	-	-	-	-
Interest & Investment Income	4	-	-	-	2	1
Other Non Operating Income (Expenses)	-53	-4	4	1	3	2
EBT Excluding Unusual Items	-320	340	404	344	783	521
Gain (Loss) on Sale of Investments	-	-36	31	-56	-20	-
Asset Writedown	-13	-	-	-94	-4	-39
Other Unusual Items	18	-1	-	-1	-	-
Pretax Income	-316	303	435	193	759	482
Income Tax Expense	66	237	200	169	286	179
Earnings From Continuing Operations	-382	66	235	24	473	303
Minority Interest in Earnings	-13	1	9	38	-25	-10
Net Income	-395	67	244	62	448	293
Net Income to Common	-395	67	244	62	448	293
Net Income Growth	-	-72.54%	293.55%	-86.16%	52.90%	218.48%
Shares Outstanding (Basic)	3	3	3	2	2	2
Shares Outstanding (Diluted)	3	3	3	2	2	2
Shares Change (YoY)	-0.05%	2.87%	4.06%	5.40%	7.98%	11.01%
EPS (Basic)	-148.71	25.17	94.87	25.13	190.57	135.11
EPS (Diluted)	-148.71	25.17	94.19	25.13	189.28	133.83
EPS Growth	-	-73.28%	274.81%	-86.72%	41.43%	186.15%
Free Cash Flow	-	42	340	108	465	410
Free Cash Flow Per Share	-	15.73	130.97	43.29	196.46	187.05
Dividend Per Share	40.000	40.000	40.000	39.000	38.000	-
Dividend Growth	-	-	2.56%	2.63%	-	-
Gross Margin	49.77%	43.25%	43.05%	44.05%	50.96%	50.34%
Operating Margin	-3.72%	6.59%	8.31%	7.51%	17.76%	16.80%
Profit Margin	-6.10%	1.25%	5.07%	1.36%	10.23%	9.50%
Free Cash Flow Margin	-	0.79%	7.06%	2.36%	10.62%	13.30%
EBITDA	-160.5	422	456	404	823	555
EBITDA Margin	-2.48%	7.90%	9.47%	8.84%	18.79%	18.00%
D&A For EBITDA	80.5	70	56	61	45	37
EBIT	-241	352	400	343	778	518
EBIT Margin	-3.72%	6.59%	8.31%	7.51%	17.76%	16.80%
Effective Tax Rate	-	78.22%	45.98%	87.56%	37.68%	37.14%

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