Cluster Technology 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	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	1,299	1,022	918	925	905
Revenue Growth (YoY)	27.10%	11.33%	-0.76%	2.21%	22.96%
Cost of Revenue	752	590	528	557	523
Gross Profit	547	432	390	368	382
Selling, General & Admin	312	267	265	250	253
Research & Development	62	52	53	41	27
Operating Expenses	383	324	322	295	282
Operating Income	164	108	68	73	100
Interest & Investment Income	2	-	-	-	-
Other Non Operating Income (Expenses)	1	2	2	1	2
EBT Excluding Unusual Items	167	110	70	74	102
Gain (Loss) on Sale of Assets	-2	-	-	-	-
Pretax Income	165	110	70	74	102
Income Tax Expense	40	10	13	15	-12
Net Income	125	100	57	59	114
Net Income to Common	125	100	57	59	114
Net Income Growth	25.00%	75.44%	-3.39%	-48.25%	267.74%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
EPS (Basic)	21.96	17.57	10.01	10.36	20.03
EPS (Diluted)	21.96	17.57	10.01	10.36	20.03
EPS Growth	25.00%	75.44%	-3.39%	-48.25%	267.74%
Free Cash Flow	127	113	22	-63	77
Free Cash Flow Per Share	22.31	19.85	3.87	-11.07	13.53
Gross Margin	42.11%	42.27%	42.48%	39.78%	42.21%
Operating Margin	12.63%	10.57%	7.41%	7.89%	11.05%
Profit Margin	9.62%	9.79%	6.21%	6.38%	12.60%
Free Cash Flow Margin	9.78%	11.06%	2.40%	-6.81%	8.51%
EBITDA	232	164	130	117	127
EBITDA Margin	17.86%	16.05%	14.16%	12.65%	14.03%
D&A For EBITDA	68	56	62	44	27
EBIT	164	108	68	73	100
EBIT Margin	12.63%	10.57%	7.41%	7.89%	11.05%
Effective Tax Rate	24.24%	9.09%	18.57%	20.27%	-