TYO:4576 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	387	471	428	448	414
Revenue Growth (YoY)	-17.83%	10.05%	-4.46%	8.21%	16.62%
Cost of Revenue	39	47	36	28	21
Gross Profit	348	424	392	420	393
Selling, General & Admin	298	265	258	255	248
Research & Development	669	1,367	930	469	316
Operating Expenses	968	1,634	1,190	726	565
Operating Income	-620	-1,210	-798	-306	-172
Interest Expense	-8	-5	-2	-3	-4
Interest & Investment Income	2	-	-	-	-
Currency Exchange Gain (Loss)	7	1	6	33	17
Other Non Operating Income (Expenses)	-12	-13	-2	-20	-
EBT Excluding Unusual Items	-631	-1,227	-796	-296	-159
Gain (Loss) on Sale of Investments	-	-	-12	-100	-
Gain (Loss) on Sale of Assets	-	-2	-	-	-
Asset Writedown	-	-	-6	-	-
Legal Settlements	-	-	-	-44	-
Other Unusual Items	-	-60	-12	-	-
Pretax Income	-631	-1,289	-826	-440	-159
Income Tax Expense	1	1	1	1	1
Earnings From Continuing Operations	-632	-1,290	-827	-441	-160
Minority Interest in Earnings	-	-	15	12	12
Net Income	-632	-1,290	-812	-429	-148
Net Income to Common	-632	-1,290	-812	-429	-148
Shares Outstanding (Basic)	48	35	32	30	29
Shares Outstanding (Diluted)	48	35	32	30	29
Shares Change (YoY)	36.48%	10.51%	7.22%	1.04%	7.96%
EPS (Basic)	-13.19	-36.73	-25.55	-14.47	-5.05
EPS (Diluted)	-13.19	-36.73	-25.55	-14.47	-5.05
Free Cash Flow	-495	-1,308	-598	-363	-178
Free Cash Flow Per Share	-10.33	-37.24	-18.82	-12.25	-6.07
Gross Margin	89.92%	90.02%	91.59%	93.75%	94.93%
Operating Margin	-160.21%	-256.90%	-186.45%	-68.30%	-41.55%
Profit Margin	-163.31%	-273.88%	-189.72%	-95.76%	-35.75%
Free Cash Flow Margin	-127.91%	-277.71%	-139.72%	-81.03%	-42.99%
EBITDA	-573	-1,161	-750	-260	-127
EBITDA Margin	-148.06%	-246.50%	-175.23%	-58.04%	-30.68%
D&A For EBITDA	47	49	48	46	45
EBIT	-620	-1,210	-798	-306	-172
EBIT Margin	-160.21%	-256.90%	-186.45%	-68.30%	-41.55%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.