HEROZ Income Statement

Financials in millions JPY. Fiscal year is May - April.

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2019	FY 2018
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '19 Apr 30, 2019	Apr '18 Apr 30, 2018
Revenue	6,270	5,929	4,841	2,980	1,377	-
Revenue Growth (YoY)	12.85%	22.48%	62.45%	116.41%	-	-
Cost of Revenue	3,481	3,242	2,450	1,634	679	-
Gross Profit	2,789	2,687	2,391	1,346	698	-
Selling, General & Admin	2,283	2,381	1,940	1,088	276	-
Operating Expenses	2,283	2,381	1,947	1,088	277	-
Operating Income	506	306	444	258	421	-
Interest Expense	-24	-18	-10	-5	-	-
Interest & Investment Income	1	-	-	-	-	1
Earnings From Equity Investments	-	-	-	14	-	-
Other Non Operating Income (Expenses)	-46	-37	-43	-30	-7	-12
EBT Excluding Unusual Items	437	251	391	237	414	-11
Gain (Loss) on Sale of Investments	-11	-24	-13	-563	-	-
Gain (Loss) on Sale of Assets	-	-	-10	-	-	-
Asset Writedown	-124	-96	-1,075	-	-	-
Other Unusual Items	-	-	-1	-101	-	-
Pretax Income	302	131	-708	-427	414	-11
Income Tax Expense	99	106	223	91	118	-
Earnings From Continuing Operations	203	25	-931	-518	296	-11
Minority Interest in Earnings	-249	-202	-203	-56	-	-
Net Income	-46	-177	-1,134	-574	296	-11
Net Income to Common	-46	-177	-1,134	-574	296	-11
Shares Outstanding (Basic)	15	15	15	15	7	3
Shares Outstanding (Diluted)	15	15	15	15	7	3
Shares Change (YoY)	0.75%	0.21%	0.07%	108.34%	113.51%	-74.40%
EPS (Basic)	-3.03	-11.75	-75.41	-38.20	43.37	-3.65
EPS (Diluted)	-3.03	-11.75	-75.41	-38.20	41.04	-3.65
Free Cash Flow	-	133	317	461	61	-
Free Cash Flow Per Share	-	8.83	21.08	30.68	8.46	-
Gross Margin	44.48%	45.32%	49.39%	45.17%	50.69%	-
Operating Margin	8.07%	5.16%	9.17%	8.66%	30.57%	-
Profit Margin	-0.73%	-2.99%	-23.43%	-19.26%	21.50%	-
Free Cash Flow Margin	-	2.24%	6.55%	15.47%	4.43%	-
EBITDA	303	724	1,690	514	423.53	-
EBITDA Margin	4.83%	12.21%	34.91%	17.25%	30.76%	-
D&A For EBITDA	-203	418	1,246	256	2.53	2.53
EBIT	506	306	444	258	421	-
EBIT Margin	8.07%	5.16%	9.17%	8.66%	30.57%	-
Effective Tax Rate	32.78%	80.92%	-	-	28.50%	-
Advertising Expenses	-	244	-	-	37	-

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