TRADE WORKS Co., Ltd (TYO:3997)

TRADE WORKS Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2015
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2015
Revenue	5,052	4,591	3,753	3,270	908
Revenue Growth (YoY)	10.04%	22.33%	14.77%	260.13%	-
Cost of Revenue	3,807	3,805	3,000	2,439	602
Gross Profit	1,245	786	753	831	306
Selling, General & Admin	910	752	669	482	193
Amortization of Goodwill & Intangibles	68	54	41	21	-
Operating Expenses	985	841	722	513	193
Operating Income	260	-55	31	318	113
Interest Expense	-11	-3	-1	-	-3
Interest & Investment Income	1	-	1	-	-
Earnings From Equity Investments	-6	-	-	-	-
Other Non Operating Income (Expenses)	13	4	8	9	-2
EBT Excluding Unusual Items	257	-54	39	327	108
Gain (Loss) on Sale of Investments	-70	-47	3	-	-
Asset Writedown	-13	-	-	-4	-
Legal Settlements	-10	-	-	-25	-
Other Unusual Items	-1	-	-100	-1	-
Pretax Income	163	-101	-58	297	108
Income Tax Expense	107	50	-5	97	41
Net Income	56	-151	-53	200	67
Net Income to Common	56	-151	-53	200	67
Net Income Growth	-	-	-	198.51%	-
Shares Outstanding (Basic)	38	34	33	34	22
Shares Outstanding (Diluted)	38	34	33	34	22
Shares Change (YoY)	13.54%	2.44%	-3.54%	55.65%	-
EPS (Basic)	1.46	-4.48	-1.61	5.88	3.06
EPS (Diluted)	1.46	-4.48	-1.61	5.88	3.06
EPS Growth	-	-	-	92.07%	-
Free Cash Flow	278	-13	-217	394	-
Free Cash Flow Per Share	7.27	-0.39	-6.60	11.56	-
Dividend Per Share	-	2.000	2.000	1.500	-
Dividend Growth	-	-	33.33%	-	-
Gross Margin	24.64%	17.12%	20.06%	25.41%	33.70%
Operating Margin	5.15%	-1.20%	0.83%	9.72%	12.45%
Profit Margin	1.11%	-3.29%	-1.41%	6.12%	7.38%
Free Cash Flow Margin	5.50%	-0.28%	-5.78%	12.05%	-
EBITDA	460	125	171	435	-
EBITDA Margin	9.11%	2.72%	4.56%	13.30%	-
D&A For EBITDA	200	180	140	117	-
EBIT	260	-55	31	318	113
EBIT Margin	5.15%	-1.20%	0.83%	9.72%	12.45%
Effective Tax Rate	65.64%	-	-	32.66%	37.96%

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