Medley Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	35,196	29,302	20,532	14,185	10,863	6,830
Revenue Growth (YoY)	31.95%	42.71%	44.74%	30.58%	59.05%	43.34%
Cost of Revenue	12,877	10,382	6,945	4,464	3,878	2,159
Gross Profit	22,319	18,920	13,587	9,721	6,985	4,671
Selling, General & Admin	20,738	15,900	10,713	8,241	6,129	4,262
Other Operating Expenses	-	-	-	-	-	6
Operating Expenses	20,738	16,592	10,924	8,430	6,252	4,275
Operating Income	1,581	2,328	2,663	1,291	733	396
Interest Expense	-159	-67	-11	-11	-18	-10
Interest & Investment Income	22	2	-	-	-	-
Other Non Operating Income (Expenses)	-243	1,816	1,102	245	28	36
EBT Excluding Unusual Items	1,201	4,079	3,754	1,525	743	422
Gain (Loss) on Sale of Investments	-	-	46	-	-	-
Gain (Loss) on Sale of Assets	203	2	-	-1	-	-
Asset Writedown	-9	-12	-	-1	-1	-
Other Unusual Items	804	-1	1	-	22	-
Pretax Income	2,199	4,068	3,801	1,523	764	422
Income Tax Expense	655	1,293	1,230	502	206	-33
Earnings From Continuing Operations	1,544	2,775	2,571	1,021	558	455
Minority Interest in Earnings	45	23	-5	-4	5	-
Net Income	1,589	2,798	2,566	1,017	563	455
Net Income to Common	1,589	2,798	2,566	1,017	563	455
Net Income Growth	-41.45%	9.04%	152.31%	80.64%	23.74%	-
Shares Outstanding (Basic)	32	32	32	32	32	29
Shares Outstanding (Diluted)	32	33	33	33	33	31
Shares Change (YoY)	-0.94%	0.03%	0.03%	-0.50%	4.23%	22.85%
EPS (Basic)	49.33	86.16	79.52	31.75	17.78	15.66
EPS (Diluted)	49.11	85.62	78.55	31.16	17.15	14.48
EPS Growth	-40.90%	9.00%	152.09%	81.69%	18.44%	-
Free Cash Flow	-	2,381	3,675	1,867	975	783
Free Cash Flow Per Share	-	72.85	112.48	57.16	29.70	24.86
Gross Margin	63.41%	64.57%	66.17%	68.53%	64.30%	68.39%
Operating Margin	4.49%	7.95%	12.97%	9.10%	6.75%	5.80%
Profit Margin	4.52%	9.55%	12.50%	7.17%	5.18%	6.66%
Free Cash Flow Margin	-	8.13%	17.90%	13.16%	8.97%	11.46%
EBITDA	4,020	4,036	3,364	1,914	1,229	555
EBITDA Margin	11.42%	13.77%	16.38%	13.49%	11.31%	8.13%
D&A For EBITDA	2,439	1,708	701	623	496	159
EBIT	1,581	2,328	2,663	1,291	733	396
EBIT Margin	4.49%	7.95%	12.97%	9.10%	6.75%	5.80%
Effective Tax Rate	29.79%	31.79%	32.36%	32.96%	26.96%	-
Advertising Expenses	-	993	669	710	396	239

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.