kubell 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	9,882	9,529	8,470	6,485	4,593	3,372
Revenue Growth (YoY)	12.68%	12.50%	30.61%	41.19%	36.21%	-
Cost of Revenue	2,887	2,926	2,627	2,334	1,397	994
Gross Profit	6,995	6,603	5,843	4,151	3,196	2,378
Selling, General & Admin	6,306	6,118	5,746	4,828	3,907	3,072
Operating Expenses	6,306	6,118	5,746	4,828	3,907	3,072
Operating Income	688.97	485	97	-677	-711	-694
Interest Expense	-18.63	-20	-18	-16	-6	-2
Interest & Investment Income	8.6	7	-	1	-	-
Currency Exchange Gain (Loss)	-9.77	-10	-1	-2	10	1
Other Non Operating Income (Expenses)	7.34	6	-1	9	-7	-14
EBT Excluding Unusual Items	676.51	468	77	-685	-714	-709
Gain (Loss) on Sale of Investments	-6	-6	-45	-24	-	-
Gain (Loss) on Sale of Assets	-4	-4	-	-	-1	-
Asset Writedown	-	-	-1,249	-194	-	-133
Other Unusual Items	-	-	-1	-	-	-
Pretax Income	666.51	458	-1,218	-903	-715	-842
Income Tax Expense	225.17	243	-46	-218	1	-34
Earnings From Continuing Operations	441.34	215	-1,172	-685	-716	-808
Minority Interest in Earnings	-	-	-	65	38	63
Net Income	441.34	215	-1,172	-620	-678	-745
Net Income to Common	441.34	215	-1,172	-620	-678	-745
Shares Outstanding (Basic)	42	42	41	40	40	37
Shares Outstanding (Diluted)	43	43	41	40	40	37
Shares Change (YoY)	3.38%	3.79%	2.09%	1.29%	6.67%	-
EPS (Basic)	10.52	5.13	-28.58	-15.43	-17.10	-20.04
EPS (Diluted)	10.34	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	70.78%	69.29%	68.98%	64.01%	69.58%	70.52%
Operating Margin	6.97%	5.09%	1.15%	-10.44%	-15.48%	-20.58%
Profit Margin	4.47%	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	1,272	1,043	556	-181	-535	-572
EBITDA Margin	12.87%	10.95%	6.56%	-2.79%	-11.65%	-16.96%
D&A For EBITDA	582.75	558	459	496	176	122
EBIT	688.97	485	97	-677	-711	-694
EBIT Margin	6.97%	5.09%	1.15%	-10.44%	-15.48%	-20.58%
Effective Tax Rate	33.78%	53.06%	-	-	-	-
Advertising Expenses	-	452	627	674	730	823

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