ENECHANGE Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	6,697	5,372	5,180	4,379	3,734
Revenue Growth (YoY)	24.66%	3.71%	18.29%	17.27%	23.72%
Cost of Revenue	792	1,179	1,089	1,028	798
Gross Profit	5,905	4,193	4,091	3,351	2,936
Selling, General & Admin	5,312	6,883	7,005	5,338	3,682
Amortization of Goodwill & Intangibles	-	96.8	-	109	-
Other Operating Expenses	-	114.4	-	-21	380
Operating Expenses	5,312	7,098	7,005	5,476	4,057
Operating Income	593	-2,905	-2,914	-2,125	-1,121
Interest Expense	-14	-283.2	-216	-77	-21
Interest & Investment Income	12	4.8	4	-	-
Earnings From Equity Investments	-728	-312	-59	-90	9
Currency Exchange Gain (Loss)	-5	4.8	-15	-6	8
Other Non Operating Income (Expenses)	-7	3,970	660	7	162
EBT Excluding Unusual Items	-149	480	-2,540	-2,291	-963
Gain (Loss) on Sale of Investments	9	1,739	-42	-26	3
Asset Writedown	-	-3,139	-642	-1,721	-258
Legal Settlements	-	-	-	-	-11
Other Unusual Items	23	-100	-128	-921	-1
Pretax Income	-117	-1,020	-3,352	-4,959	-1,230
Income Tax Expense	-247	-1.6	4	26	85
Earnings From Continuing Operations	130	-1,018	-3,356	-4,985	-1,315
Net Income	130	-1,018	-3,356	-4,985	-1,315
Net Income to Common	130	-1,018	-3,356	-4,985	-1,315
Shares Outstanding (Basic)	43	35	34	30	30
Shares Outstanding (Diluted)	44	35	34	30	30
Shares Change (YoY)	24.26%	2.39%	12.49%	2.01%	13.62%
EPS (Basic)	3.04	-29.01	-97.88	-163.54	-44.01
EPS (Diluted)	2.98	-29.01	-97.88	-163.54	-44.01
Free Cash Flow	617	-3,494	-	-3,024	-2,187
Free Cash Flow Per Share	14.14	-99.53	-	-99.21	-73.19
Gross Margin	88.17%	78.05%	78.98%	76.52%	78.63%
Operating Margin	8.86%	-54.07%	-56.26%	-48.53%	-30.02%
Profit Margin	1.94%	-18.96%	-64.79%	-113.84%	-35.22%
Free Cash Flow Margin	9.21%	-65.05%	-	-69.06%	-58.57%
EBITDA	634	-2,722	-2,722	-1,933	-1,001
EBITDA Margin	9.47%	-50.66%	-52.55%	-44.14%	-26.81%
D&A For EBITDA	41	183.2	192	192	120
EBIT	593	-2,905	-2,914	-2,125	-1,121
EBIT Margin	8.86%	-54.07%	-56.26%	-48.53%	-30.02%
Advertising Expenses	-	-	-	1,084	642

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