Kaizen Platform, Inc. (TYO:4170)

Kaizen Platform Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	4,354	4,523	4,343	2,667	2,260
Revenue Growth (YoY)	-3.74%	4.15%	62.84%	18.01%	34.04%
Cost of Revenue	2,958	3,151	3,008	1,713	1,326
Gross Profit	1,396	1,372	1,335	954	934
Selling, General & Admin	1,367	1,374	1,359	1,057	888
Operating Expenses	1,367	1,401	1,360	1,057	888
Operating Income	29	-29	-25	-103	46
Interest Expense	-12	-8	-13	-10	-6
Interest & Investment Income	25	34	30	-	-
Earnings From Equity Investments	-	-	-	-5	-14
Currency Exchange Gain (Loss)	-	7	1	-	-41
Other Non Operating Income (Expenses)	-4	2	19	-10	-13
EBT Excluding Unusual Items	38	6	12	-128	-28
Gain (Loss) on Sale of Investments	-	-	-	-	2
Gain (Loss) on Sale of Assets	-	2	-	-	-
Asset Writedown	-	-122	-	-89	-
Pretax Income	38	-114	12	-217	-26
Income Tax Expense	9	47	17	61	70
Earnings From Continuing Operations	29	-161	-5	-278	-96
Minority Interest in Earnings	-	-10	-16	-7	-5
Net Income	29	-171	-21	-285	-101
Net Income to Common	29	-171	-21	-285	-101
Shares Outstanding (Basic)	17	17	17	17	16
Shares Outstanding (Diluted)	17	17	17	17	16
Shares Change (YoY)	0.42%	0.52%	1.45%	4.61%	66.84%
EPS (Basic)	1.71	-10.11	-1.25	-17.18	-6.37
EPS (Diluted)	1.71	-10.11	-1.25	-17.18	-6.37
Free Cash Flow	273	200	69	118	15
Free Cash Flow Per Share	16.07	11.82	4.10	7.11	0.95
Gross Margin	32.06%	30.33%	30.74%	35.77%	41.33%
Operating Margin	0.67%	-0.64%	-0.58%	-3.86%	2.04%
Profit Margin	0.67%	-3.78%	-0.48%	-10.69%	-4.47%
Free Cash Flow Margin	6.27%	4.42%	1.59%	4.42%	0.66%
EBITDA	117	187	228	153	221
EBITDA Margin	2.69%	4.13%	5.25%	5.74%	9.78%
D&A For EBITDA	88	216	253	256	175
EBIT	29	-29	-25	-103	46
EBIT Margin	0.67%	-0.64%	-0.58%	-3.86%	2.04%
Effective Tax Rate	23.68%	-	141.67%	-	-

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