TYO:421A Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	4,238	3,799	2,387	2,323
Revenue Growth (YoY)	-	59.15%	2.76%	-
Cost of Revenue	216.5	178	102	89
Gross Profit	4,022	3,621	2,285	2,234
Selling, General & Admin	2,085	1,858	1,423	1,700
Operating Expenses	2,085	1,858	1,423	1,700
Operating Income	1,937	1,763	862	534
Interest & Investment Income	7	4	-	-
Other Non Operating Income (Expenses)	-10	-11	2	-24
EBT Excluding Unusual Items	1,934	1,756	864	510
Gain (Loss) on Sale of Assets	-	-	-	1
Pretax Income	1,934	1,756	864	511
Income Tax Expense	661.5	603	289	176
Net Income	1,273	1,153	575	335
Net Income to Common	1,273	1,153	575	335
Net Income Growth	-	100.52%	71.64%	-
Shares Outstanding (Basic)	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8
Shares Change (YoY)	-	1.62%	-	-
EPS (Basic)	154.91	142.06	71.43	41.61
EPS (Diluted)	153.55	141.00	71.43	41.61
EPS Growth	-	97.40%	71.64%	-
Free Cash Flow	-	1,773	-	-
Free Cash Flow Per Share	-	216.74	-	-
Gross Margin	94.89%	95.31%	95.73%	96.17%
Operating Margin	45.71%	46.41%	36.11%	22.99%
Profit Margin	30.03%	30.35%	24.09%	14.42%
Free Cash Flow Margin	-	46.67%	-	-
EBITDA	-	1,830	-	-
EBITDA Margin	-	48.17%	-	-
D&A For EBITDA	-	67	-	-
EBIT	1,937	1,763	862	534
EBIT Margin	45.71%	46.41%	36.11%	22.99%
Effective Tax Rate	34.20%	34.34%	33.45%	34.44%