Accolade Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Revenue	1,944,024	1,917,478	1,814,663	1,672,377	1,567,421	1,205,846	Upgrade
Revenue Growth (YoY)	5.24%	5.67%	8.51%	6.70%	29.98%	14.52%	Upgrade
Cost of Revenue	531,844	529,522	520,449	511,131	497,021	432,446	Upgrade
Gross Profit	1,412,180	1,387,956	1,294,214	1,161,246	1,070,400	773,400	Upgrade
Selling, General & Admin	1,125,946	1,115,977	1,095,832	1,007,606	902,586	591,964	Upgrade
Other Operating Expenses	-43,055	-43,055	-14,497	-4,392	-21,689	-	Upgrade
Operating Expenses	1,082,891	1,072,922	1,081,335	1,003,214	880,897	591,964	Upgrade
Operating Income	329,289	315,034	212,879	158,032	189,503	181,436	Upgrade
Interest Expense	-8,079	-8,079	-6,518	-5,819	-4,415	-7,074	Upgrade
Interest & Investment Income	-	-	5,366	-	-	-	Upgrade
Earnings From Equity Investments	-8,488	-9,677	-16,491	-38,728	-46,135	-19,418	Upgrade
Other Non Operating Income (Expenses)	-15,124	-11,287	-5,355	-8,808	3,430	401	Upgrade
EBT Excluding Unusual Items	297,598	285,991	189,881	104,677	142,383	155,345	Upgrade
Gain (Loss) on Sale of Investments	-23,346	-11,110	-3,572	130,541	16,158	6,580	Upgrade
Gain (Loss) on Sale of Assets	-	-	10,458	-	-	-6,522	Upgrade
Asset Writedown	-	-	-15,147	-	-	-12,788	Upgrade
Pretax Income	274,252	274,881	181,620	235,218	158,541	142,615	Upgrade
Income Tax Expense	71,985	72,478	42,548	46,055	66,911	53,495	Upgrade
Earnings From Continuing Operations	202,267	202,403	139,072	189,163	91,630	89,120	Upgrade
Minority Interest in Earnings	-51,613	-48,938	-25,873	-10,295	-14,314	-18,975	Upgrade
Net Income	150,654	153,465	113,199	178,868	77,316	70,145	Upgrade
Net Income to Common	150,654	153,465	113,199	178,868	77,316	70,145	Upgrade
Net Income Growth	18.24%	35.57%	-36.71%	131.35%	10.22%	-14.12%	Upgrade
Shares Outstanding (Basic)	7,214	7,308	7,499	7,495	7,580	5,004	Upgrade
Shares Outstanding (Diluted)	7,246	7,337	7,528	7,517	7,623	5,007	Upgrade
Shares Change (YoY)	-3.77%	-2.54%	0.15%	-1.40%	52.24%	3.48%	Upgrade
EPS (Basic)	20.88	21.00	15.10	23.87	10.20	14.02	Upgrade
EPS (Diluted)	20.79	20.92	15.04	23.80	10.14	14.01	Upgrade
EPS Growth	22.79%	39.10%	-36.81%	134.71%	-27.62%	-17.00%	Upgrade
Free Cash Flow	454,004	419,850	245,468	209	214,542	179,343	Upgrade
Free Cash Flow Per Share	62.65	57.22	32.61	0.03	28.14	35.82	Upgrade
Dividend Per Share	7.000	7.000	5.560	5.560	5.560	5.560	Upgrade
Dividend Growth	25.90%	25.90%	-	-	-	-37.25%	Upgrade
Gross Margin	72.64%	72.38%	71.32%	69.44%	68.29%	64.14%	Upgrade
Operating Margin	16.94%	16.43%	11.73%	9.45%	12.09%	15.05%	Upgrade
Profit Margin	7.75%	8.00%	6.24%	10.70%	4.93%	5.82%	Upgrade
Free Cash Flow Margin	23.35%	21.90%	13.53%	0.01%	13.69%	14.87%	Upgrade
EBITDA	490,232	474,908	375,796	306,808	325,247	283,516	Upgrade
EBITDA Margin	25.22%	24.77%	20.71%	18.35%	20.75%	23.51%	Upgrade
D&A For EBITDA	160,943	159,874	162,917	148,776	135,744	102,080	Upgrade
EBIT	329,289	315,034	212,879	158,032	189,503	181,436	Upgrade
EBIT Margin	16.94%	16.43%	11.73%	9.45%	12.09%	15.05%	Upgrade
Effective Tax Rate	26.25%	26.37%	23.43%	19.58%	42.20%	37.51%	Upgrade

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.