Welby Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	648	635	528	575
Revenue Growth (YoY)	18.68%	20.27%	-8.17%	-
Cost of Revenue	194	187	148	199
Gross Profit	454	448	380	376
Selling, General & Admin	903	901	1,034	813
Operating Expenses	903	901	1,034	813
Operating Income	-449	-453	-654	-437
Interest Expense	-2	-2	-1	-
Interest & Investment Income	1	1	-	-
Other Non Operating Income (Expenses)	-	-1	-1	-2
EBT Excluding Unusual Items	-450	-455	-656	-439
Asset Writedown	-94	-94	-161	-81
Other Unusual Items	16	16	-	17
Pretax Income	-528	-533	-817	-503
Income Tax Expense	1	1	2	2
Earnings From Continuing Operations	-529	-534	-819	-505
Minority Interest in Earnings	4	-5	15	-
Net Income	-525	-539	-804	-505
Net Income to Common	-525	-539	-804	-505
Shares Outstanding (Basic)	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8
Shares Change (YoY)	0.23%	1.42%	4.17%	-
EPS (Basic)	-63.34	-65.13	-98.54	-64.47
EPS (Diluted)	-63.34	-65.13	-98.54	-64.47
Free Cash Flow	-	-332	-605	-177
Free Cash Flow Per Share	-	-40.12	-74.15	-22.60
Gross Margin	70.06%	70.55%	71.97%	65.39%
Operating Margin	-69.29%	-71.34%	-123.86%	-76.00%
Profit Margin	-81.02%	-84.88%	-152.27%	-87.83%
Free Cash Flow Margin	-	-52.28%	-114.58%	-30.78%
EBITDA	-419.5	-425	-632	-435
EBITDA Margin	-64.74%	-66.93%	-119.70%	-75.65%
D&A For EBITDA	29.5	28	22	2
EBIT	-449	-453	-654	-437
EBIT Margin	-69.29%	-71.34%	-123.86%	-76.00%