AsiaQuest Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,920	4,061	3,139	2,612	2,236
Revenue Growth (YoY)	21.15%	29.37%	20.18%	16.82%	24.22%
Cost of Revenue	2,519	2,109	1,629	1,341	1,218
Gross Profit	2,401	1,952	1,510	1,271	1,018
Selling, General & Admin	1,961	1,486	1,195	902	722
Research & Development	-	7	5	2	2
Operating Expenses	1,961	1,493	1,200	904	724
Operating Income	440	459	310	367	294
Interest Expense	-2	-2	-4	-4	-6
Interest & Investment Income	2	-	-	-	1
Currency Exchange Gain (Loss)	7	9	-	2	1
Other Non Operating Income (Expenses)	-1	-	1	1	-2
EBT Excluding Unusual Items	446	466	307	366	288
Asset Writedown	-	-6	-	-5	-
Pretax Income	446	460	307	361	288
Income Tax Expense	156	165	109	129	93
Earnings From Continuing Operations	290	295	198	232	195
Net Income	290	295	198	232	195
Net Income to Common	290	295	198	232	195
Net Income Growth	-1.70%	48.99%	-14.66%	18.97%	214.52%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	-0.08%	0.05%	-0.18%	26.40%	0.38%
EPS (Basic)	196.79	200.74	134.78	160.11	166.22
EPS (Diluted)	195.77	199.26	134.27	156.59	166.22
EPS Growth	-1.75%	48.40%	-14.25%	-5.79%	213.67%
Free Cash Flow	-44	309	93	171	278
Free Cash Flow Per Share	-29.70	208.44	62.76	115.20	236.72
Gross Margin	48.80%	48.07%	48.10%	48.66%	45.53%
Operating Margin	8.94%	11.30%	9.88%	14.05%	13.15%
Profit Margin	5.89%	7.26%	6.31%	8.88%	8.72%
Free Cash Flow Margin	-0.89%	7.61%	2.96%	6.55%	12.43%
EBITDA	524	523	351	405	327
EBITDA Margin	10.65%	12.88%	11.18%	15.50%	14.62%
D&A For EBITDA	84	64	41	38	33
EBIT	440	459	310	367	294
EBIT Margin	8.94%	11.30%	9.88%	14.05%	13.15%
Effective Tax Rate	34.98%	35.87%	35.50%	35.73%	32.29%

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