Visional Income Statement

Financials in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	89,841	80,161	66,146	56,273	43,954	28,698
Revenue Growth (YoY)	25.40%	21.19%	17.54%	28.03%	53.16%	10.89%
Cost of Revenue	8,787	7,262	5,718	5,815	5,802	3,999
Gross Profit	81,054	72,899	60,428	50,458	38,152	24,699
Selling, General & Admin	57,067	51,456	42,583	37,090	29,830	22,094
Research & Development	-	-	8	141	-	237
Operating Expenses	57,073	51,461	42,594	37,232	29,838	22,331
Operating Income	23,981	21,438	17,834	13,226	8,314	2,368
Interest Expense	-3	-1	-	-	-1	-1
Interest & Investment Income	6	6	-	-	-	-
Earnings From Equity Investments	319	319	319	319	319	297
Currency Exchange Gain (Loss)	-15	-	-5	-2	-2	-
Other Non Operating Income (Expenses)	1,699	952	53	51	121	-420
EBT Excluding Unusual Items	25,987	22,714	18,201	13,594	8,751	2,244
Gain (Loss) on Sale of Investments	-36	-36	-34	-3	-	-
Gain (Loss) on Sale of Assets	-	-	462	2	-	16
Other Unusual Items	20	20	299	783	3	30
Pretax Income	25,971	22,698	18,928	14,376	8,754	2,290
Income Tax Expense	8,007	6,638	5,934	4,448	2,896	870
Earnings From Continuing Operations	17,964	16,060	12,994	9,928	5,858	1,420
Minority Interest in Earnings	-167	-110	-4	-	-	-
Net Income	17,797	15,950	12,990	9,928	5,858	1,420
Net Income to Common	17,797	15,950	12,990	9,928	5,858	1,420
Net Income Growth	33.54%	22.79%	30.84%	69.48%	312.54%	-69.52%
Shares Outstanding (Basic)	40	40	39	39	36	33
Shares Outstanding (Diluted)	41	41	41	42	42	40
Shares Change (YoY)	-0.11%	-0.16%	-0.30%	-0.41%	5.20%	38.77%
EPS (Basic)	444.64	400.75	330.70	256.75	160.91	43.35
EPS (Diluted)	430.68	385.86	313.74	239.09	140.50	35.84
EPS Growth	33.70%	22.99%	31.22%	70.17%	292.02%	-78.02%
Free Cash Flow	20,485	17,625	17,439	10,440	9,283	4,199
Free Cash Flow Per Share	495.71	426.38	421.19	251.40	222.61	105.93
Gross Margin	90.22%	90.94%	91.36%	89.67%	86.80%	86.06%
Operating Margin	26.69%	26.74%	26.96%	23.50%	18.92%	8.25%
Profit Margin	19.81%	19.90%	19.64%	17.64%	13.33%	4.95%
Free Cash Flow Margin	22.80%	21.99%	26.36%	18.55%	21.12%	14.63%
EBITDA	26,308	23,192	19,057	14,456	9,121	3,037
EBITDA Margin	29.28%	28.93%	28.81%	25.69%	20.75%	10.58%
D&A For EBITDA	2,327	1,754	1,223	1,230	807	669
EBIT	23,981	21,438	17,834	13,226	8,314	2,368
EBIT Margin	26.69%	26.74%	26.96%	23.50%	18.92%	8.25%
Effective Tax Rate	30.83%	29.24%	31.35%	30.94%	33.08%	37.99%
Advertising Expenses	-	24,429	21,206	19,118	14,697	9,562

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