Neural Group Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,531	3,564	3,178	2,878	1,010
Revenue Growth (YoY)	-0.59%	12.15%	10.42%	184.95%	-
Cost of Revenue	1,210	1,198	1,115	1,029	223
Gross Profit	2,321	2,366	2,063	1,849	787
Selling, General & Admin	2,022	2,174	2,523	1,902	591
Research & Development	157	157	198	259	176
Operating Expenses	2,179	2,331	2,721	2,161	767
Operating Income	142	35	-658	-312	20
Interest Expense	-26	-19	-23	-23	-5
Currency Exchange Gain (Loss)	1	2	1	3	-
Other Non Operating Income (Expenses)	-15	-5	-5	24	-2
EBT Excluding Unusual Items	102	13	-685	-308	13
Gain (Loss) on Sale of Investments	-	-	2	-	-
Gain (Loss) on Sale of Assets	-	-	-1	8	-
Asset Writedown	-	-	-65	-664	-
Other Unusual Items	-	-	1	-	-
Pretax Income	102	13	-748	-964	13
Income Tax Expense	61	74	-92	-55	2
Earnings From Continuing Operations	41	-61	-656	-909	11
Minority Interest in Earnings	-	1	6	-	-
Net Income	41	-60	-650	-909	11
Net Income to Common	41	-60	-650	-909	11
Shares Outstanding (Basic)	15	15	15	14	14
Shares Outstanding (Diluted)	15	15	15	14	15
Shares Change (YoY)	1.19%	2.93%	3.75%	-3.06%	-
EPS (Basic)	2.65	-3.91	-43.64	-63.31	0.78
EPS (Diluted)	2.65	-3.91	-43.64	-63.31	0.76
Free Cash Flow	-	193	-450	-455	-158
Free Cash Flow Per Share	-	12.59	-30.21	-31.69	-10.67
Gross Margin	65.73%	66.39%	64.92%	64.25%	77.92%
Operating Margin	4.02%	0.98%	-20.71%	-10.84%	1.98%
Profit Margin	1.16%	-1.68%	-20.45%	-31.58%	1.09%
Free Cash Flow Margin	-	5.42%	-14.16%	-15.81%	-15.64%
EBITDA	279.25	185	-491	-23	110
EBITDA Margin	7.91%	5.19%	-15.45%	-0.80%	10.89%
D&A For EBITDA	137.25	150	167	289	90
EBIT	142	35	-658	-312	20
EBIT Margin	4.02%	0.98%	-20.71%	-10.84%	1.98%
Effective Tax Rate	59.80%	569.23%	-	-	15.38%

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