kubell 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	9,529	8,470	6,485	4,593	3,372
Revenue Growth (YoY)	12.50%	30.61%	41.19%	36.21%	-
Cost of Revenue	2,926	2,627	2,334	1,397	994
Gross Profit	6,603	5,843	4,151	3,196	2,378
Selling, General & Admin	6,118	5,746	4,828	3,907	3,072
Operating Expenses	6,118	5,746	4,828	3,907	3,072
Operating Income	485	97	-677	-711	-694
Interest Expense	-20	-18	-16	-6	-2
Interest & Investment Income	7	-	1	-	-
Currency Exchange Gain (Loss)	-10	-1	-2	10	1
Other Non Operating Income (Expenses)	6	-1	9	-7	-14
EBT Excluding Unusual Items	468	77	-685	-714	-709
Gain (Loss) on Sale of Investments	-6	-45	-24	-	-
Gain (Loss) on Sale of Assets	-4	-	-	-1	-
Asset Writedown	-	-1,249	-194	-	-133
Other Unusual Items	-	-1	-	-	-
Pretax Income	458	-1,218	-903	-715	-842
Income Tax Expense	243	-46	-218	1	-34
Earnings From Continuing Operations	215	-1,172	-685	-716	-808
Minority Interest in Earnings	-	-	65	38	63
Net Income	215	-1,172	-620	-678	-745
Net Income to Common	215	-1,172	-620	-678	-745
Shares Outstanding (Basic)	42	41	40	40	37
Shares Outstanding (Diluted)	43	41	40	40	37
Shares Change (YoY)	3.79%	2.09%	1.29%	6.67%	-
EPS (Basic)	5.13	-28.58	-15.43	-17.10	-20.04
EPS (Diluted)	5.05	-28.58	-15.43	-17.10	-20.04
Free Cash Flow	896	1,466	468	-295	-479
Free Cash Flow Per Share	21.05	35.75	11.65	-7.44	-12.88
Gross Margin	69.29%	68.98%	64.01%	69.58%	70.52%
Operating Margin	5.09%	1.15%	-10.44%	-15.48%	-20.58%
Profit Margin	2.26%	-13.84%	-9.56%	-14.76%	-22.09%
Free Cash Flow Margin	9.40%	17.31%	7.22%	-6.42%	-14.21%
EBITDA	1,043	556	-181	-535	-572
EBITDA Margin	10.95%	6.56%	-2.79%	-11.65%	-16.96%
D&A For EBITDA	558	459	496	176	122
EBIT	485	97	-677	-711	-694
EBIT Margin	5.09%	1.15%	-10.44%	-15.48%	-20.58%
Effective Tax Rate	53.06%	-	-	-	-
Advertising Expenses	452	627	674	730	823

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