Local Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2023
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Sep '23 Sep 30, 2023
Revenue	8,799	5,860	6,218
Revenue Growth (YoY)	50.15%	-5.75%	-
Cost of Revenue	6,170	3,924	3,842
Gross Profit	2,629	1,936	2,376
Selling, General & Admin	2,438	1,916	2,099
Operating Expenses	2,438	1,916	2,099
Operating Income	191	19.76	277
Interest Expense	-39	-15.53	-13
Interest & Investment Income	2	-	-
Other Non Operating Income (Expenses)	-2	5.65	17
EBT Excluding Unusual Items	152	9.88	281
Gain (Loss) on Sale of Investments	2	-	-
Gain (Loss) on Sale of Assets	5	-	-
Asset Writedown	-	-1.41	-71
Other Unusual Items	-	-	-1
Pretax Income	159	8.47	209
Income Tax Expense	43	-0.71	43
Net Income	116	9.18	166
Net Income to Common	116	9.18	166
Net Income Growth	1164.10%	-94.47%	-
Shares Outstanding (Basic)	4	4	4
Shares Outstanding (Diluted)	4	4	4
Shares Change (YoY)	7.73%	-	-
EPS (Basic)	29.00	2.29	41.50
EPS (Diluted)	26.92	2.29	41.50
EPS Growth	1073.44%	-94.47%	-
Free Cash Flow	-1,461	-	-
Free Cash Flow Per Share	-339.05	-	-
Gross Margin	29.88%	33.04%	38.21%
Operating Margin	2.17%	0.34%	4.46%
Profit Margin	1.32%	0.16%	2.67%
Free Cash Flow Margin	-16.60%	-	-
EBITDA	272	-	-
EBITDA Margin	3.09%	-	-
D&A For EBITDA	81	-	-
EBIT	191	19.76	277
EBIT Margin	2.17%	0.34%	4.46%
Effective Tax Rate	27.04%	-	20.57%

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