Medley 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	38,835	36,786	29,302	20,532	14,185	10,863
Revenue Growth (YoY)	23.30%	25.54%	42.71%	44.74%	30.58%	59.05%
Cost of Revenue	14,863	13,600	10,382	6,945	4,464	3,878
Gross Profit	23,972	23,186	18,920	13,587	9,721	6,985
Selling, General & Admin	20,903	20,171	15,900	10,713	8,241	6,129
Operating Expenses	21,768	21,036	16,592	10,924	8,430	6,252
Operating Income	2,204	2,150	2,328	2,663	1,291	733
Interest Expense	-182	-173	-67	-11	-11	-18
Interest & Investment Income	24	22	2	-	-	-
Other Non Operating Income (Expenses)	417	202	1,816	1,102	245	28
EBT Excluding Unusual Items	2,463	2,201	4,079	3,754	1,525	743
Gain (Loss) on Sale of Investments	108	155	-	46	-	-
Gain (Loss) on Sale of Assets	-202	-	2	-	-1	-
Asset Writedown	-1	-1	-12	-	-1	-1
Other Unusual Items	-183	24	-1	1	-	22
Pretax Income	2,185	2,379	4,068	3,801	1,523	764
Income Tax Expense	1,197	1,404	1,293	1,230	502	206
Earnings From Continuing Operations	988	975	2,775	2,571	1,021	558
Minority Interest in Earnings	-	-	23	-5	-4	5
Net Income	988	975	2,798	2,566	1,017	563
Net Income to Common	988	975	2,798	2,566	1,017	563
Net Income Growth	-56.23%	-65.15%	9.04%	152.31%	80.64%	23.74%
Shares Outstanding (Basic)	31	32	32	32	32	32
Shares Outstanding (Diluted)	32	32	33	33	33	33
Shares Change (YoY)	-3.39%	-2.04%	0.03%	0.03%	-0.50%	4.23%
EPS (Basic)	31.50	30.60	86.16	79.52	31.75	17.78
EPS (Diluted)	31.36	30.47	85.62	78.55	31.16	17.15
EPS Growth	-54.67%	-64.41%	9.00%	152.09%	81.69%	18.44%
Free Cash Flow	-	3,281	2,381	3,675	1,867	975
Free Cash Flow Per Share	-	102.48	72.85	112.48	57.16	29.70
Gross Margin	61.73%	63.03%	64.57%	66.17%	68.53%	64.30%
Operating Margin	5.67%	5.85%	7.95%	12.97%	9.10%	6.75%
Profit Margin	2.54%	2.65%	9.55%	12.50%	7.17%	5.18%
Free Cash Flow Margin	-	8.92%	8.13%	17.90%	13.16%	8.97%
EBITDA	4,886	4,637	4,036	3,364	1,914	1,229
EBITDA Margin	12.58%	12.61%	13.77%	16.38%	13.49%	11.31%
D&A For EBITDA	2,682	2,487	1,708	701	623	496
EBIT	2,204	2,150	2,328	2,663	1,291	733
EBIT Margin	5.67%	5.85%	7.95%	12.97%	9.10%	6.75%
Effective Tax Rate	54.78%	59.02%	31.79%	32.36%	32.96%	26.96%
Advertising Expenses	-	1,318	993	669	710	396

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