Smaregi 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 2022	FY 2018
Period Ending	Jul '25 Jul 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '18 Apr 30, 2018
Revenue	11,549	11,066	8,386	5,914	4,296	1,393
Revenue Growth (YoY)	37.72%	31.97%	41.78%	37.67%	208.40%	48.51%
Cost of Revenue	4,346	4,304	3,182	2,345	1,654	559
Gross Profit	7,203	6,762	5,203	3,569	2,642	834
Selling, General & Admin	4,839	4,386	3,468	2,676	2,005	530
Operating Expenses	4,839	4,386	3,468	2,676	2,016	530
Operating Income	2,363	2,376	1,735	893.82	626	304
Interest & Investment Income	3.58	3	0.04	0.19	-	-
Other Non Operating Income (Expenses)	11.87	7	12.51	2.36	-5	-2
EBT Excluding Unusual Items	2,378	2,386	1,748	896.37	621	302
Gain (Loss) on Sale of Investments	-28.91	-29	-9.99	58.29	137	-
Gain (Loss) on Sale of Assets	-	-	-38.69	-	-	-
Asset Writedown	-	-	-33.11	-	-4	-
Other Unusual Items	-	-	-2.32	-	-	-
Pretax Income	2,350	2,357	1,664	954.66	754	302
Income Tax Expense	729.16	718	450.7	67.06	197	86
Net Income	1,620	1,639	1,213	887.6	557	216
Net Income to Common	1,620	1,639	1,213	887.6	557	216
Net Income Growth	33.59%	35.13%	36.66%	59.35%	157.87%	87.83%
Shares Outstanding (Basic)	19	19	19	19	19	15
Shares Outstanding (Diluted)	19	19	19	19	20	15
Shares Change (YoY)	0.16%	0.13%	-0.05%	-1.62%	27.35%	1.37%
EPS (Basic)	84.14	85.14	63.21	46.26	28.61	14.05
EPS (Diluted)	84.02	85.03	63.00	46.07	28.50	14.05
EPS Growth	33.36%	34.97%	36.75%	61.65%	102.88%	85.29%
Free Cash Flow	-	1,950	1,434	917.07	214	-
Free Cash Flow Per Share	-	101.14	74.48	47.60	10.93	-
Dividend Per Share	15.000	15.000	-	-	-	-
Gross Margin	62.37%	61.11%	62.05%	60.35%	61.50%	59.87%
Operating Margin	20.46%	21.47%	20.69%	15.11%	14.57%	21.82%
Profit Margin	14.03%	14.81%	14.46%	15.01%	12.97%	15.51%
Free Cash Flow Margin	-	17.62%	17.10%	15.51%	4.98%	-
EBITDA	2,763	2,742	1,954	1,048	728	-
EBITDA Margin	23.93%	24.78%	23.30%	17.72%	16.95%	-
D&A For EBITDA	400.11	366	218.49	154.12	102	-
EBIT	2,363	2,376	1,735	893.82	626	304
EBIT Margin	20.46%	21.47%	20.69%	15.11%	14.57%	21.82%
Effective Tax Rate	31.03%	30.46%	27.09%	7.02%	26.13%	28.48%
Advertising Expenses	-	1,085	-	-	527	-

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.