WILLs 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	6,051	5,072	4,480	3,816	3,378
Revenue Growth (YoY)	19.30%	13.21%	17.40%	12.97%	38.84%
Cost of Revenue	3,215	2,607	2,393	2,095	1,932
Gross Profit	2,836	2,465	2,087	1,721	1,446
Selling, General & Admin	1,483	1,400	1,130	986	826
Research & Development	-	-	5	-	-
Amortization of Goodwill & Intangibles	23	23	23	23	23
Other Operating Expenses	28	6	16	11	7
Operating Expenses	1,534	1,429	1,172	1,018	924
Operating Income	1,302	1,036	915	703	522
Interest Expense	-2	-5	-4	-4	-3
Interest & Investment Income	4	7	-	-	-
Other Non Operating Income (Expenses)	-3	-	-2	-7	-
EBT Excluding Unusual Items	1,301	1,038	909	692	519
Gain (Loss) on Sale of Investments	-	-14	-	-	-
Asset Writedown	-31	-8	-165	-38	-5
Other Unusual Items	-1	-1	-1	-	-
Pretax Income	1,269	1,015	743	654	514
Income Tax Expense	430	345	237	237	165
Net Income to Company	839	670	506	417	349
Net Income	839	670	506	417	349
Net Income to Common	839	670	506	417	349
Net Income Growth	25.22%	32.41%	21.34%	19.48%	25.09%
Shares Outstanding (Basic)	20	21	21	20	20
Shares Outstanding (Diluted)	20	21	21	20	21
Shares Change (YoY)	-1.93%	-0.51%	3.96%	-3.91%	2.17%
EPS (Basic)	41.40	32.42	24.36	20.87	17.88
EPS (Diluted)	41.40	32.42	24.36	20.87	16.82
EPS Growth	27.70%	33.09%	16.72%	24.08%	22.68%
Free Cash Flow	1,383	1,062	906	788	532
Free Cash Flow Per Share	68.23	51.39	43.62	39.44	25.59
Dividend Per Share	13.000	11.000	7.500	7.000	2.500
Dividend Growth	18.18%	46.67%	7.14%	180.00%	-
Gross Margin	46.87%	48.60%	46.59%	45.10%	42.81%
Operating Margin	21.52%	20.43%	20.42%	18.42%	15.45%
Profit Margin	13.87%	13.21%	11.29%	10.93%	10.33%
Free Cash Flow Margin	22.86%	20.94%	20.22%	20.65%	15.75%
EBITDA	1,439	1,149	1,032	806	612
EBITDA Margin	23.78%	22.65%	23.04%	21.12%	18.12%
D&A For EBITDA	137	113	117	103	90
EBIT	1,302	1,036	915	703	522
EBIT Margin	21.52%	20.43%	20.42%	18.42%	15.45%
Effective Tax Rate	33.88%	33.99%	31.90%	36.24%	32.10%

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