Serverworks Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	40,006	35,717	27,510	17,295	10,920
Revenue Growth (YoY)	12.01%	29.83%	59.06%	58.38%	60.32%
Cost of Revenue	36,362	31,612	23,976	14,996	9,175
Gross Profit	3,644	4,105	3,534	2,299	1,745
Selling, General & Admin	3,019	3,032	2,637	1,747	1,107
Operating Expenses	3,019	3,032	2,637	1,747	1,107
Operating Income	625	1,073	897	552	638
Interest Expense	-2	-	-	-3	-1
Interest & Investment Income	141	149	73	16	7
Earnings From Equity Investments	-44	-143	-1	8	6
Currency Exchange Gain (Loss)	24	-32	41	7	-14
Other Non Operating Income (Expenses)	22	17	22	43	17
EBT Excluding Unusual Items	766	1,064	1,032	623	653
Gain (Loss) on Sale of Investments	-15	-94	-72	-29	-
Asset Writedown	-742	-3	-6	-	-
Other Unusual Items	-64	-	-84	-	-10
Pretax Income	-55	967	870	594	643
Income Tax Expense	545	269	245	234	221
Earnings From Continuing Operations	-600	698	625	360	422
Net Income to Company	-600	698	625	360	422
Minority Interest in Earnings	-	-21	13	93	20
Net Income	-600	677	638	453	442
Net Income to Common	-600	677	638	453	442
Net Income Growth	-	6.11%	40.84%	2.49%	32.58%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	-3.44%	0.12%	0.20%	-0.05%	10.27%
EPS (Basic)	-78.20	86.17	81.71	58.57	57.69
EPS (Diluted)	-78.20	85.24	80.43	57.26	55.82
EPS Growth	-	5.98%	40.47%	2.58%	20.33%
Free Cash Flow	755	836	1,719	79	336
Free Cash Flow Per Share	98.41	105.21	216.59	9.97	42.40
Gross Margin	9.11%	11.49%	12.85%	13.29%	15.98%
Operating Margin	1.56%	3.00%	3.26%	3.19%	5.84%
Profit Margin	-1.50%	1.90%	2.32%	2.62%	4.05%
Free Cash Flow Margin	1.89%	2.34%	6.25%	0.46%	3.08%
EBITDA	1,519	1,251	1,076	678	701
EBITDA Margin	3.80%	3.50%	3.91%	3.92%	6.42%
D&A For EBITDA	894	178	179	126	63
EBIT	625	1,073	897	552	638
EBIT Margin	1.56%	3.00%	3.26%	3.19%	5.84%
Effective Tax Rate	-	27.82%	28.16%	39.39%	34.37%
Advertising Expenses	-	112	158	124	83

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