KeyHolder 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	35,630	31,090	27,514	22,062	16,786
Revenue Growth (YoY)	14.60%	13.00%	24.71%	31.43%	56.88%
Cost of Revenue	29,300	25,963	22,958	17,821	13,088
Gross Profit	6,330	5,127	4,556	4,241	3,698
Selling, General & Admin	5,663	4,006	3,133	2,932	3,154
Other Operating Expenses	-116	29	58	-32	-36
Operating Expenses	5,547	4,965	3,871	3,578	3,831
Operating Income	783	162	685	663	-133
Interest Expense	-558	-175	-45	-51	-62
Interest & Investment Income	43	7	4	16	7
Earnings From Equity Investments	789	947	1,337	1,340	852
Other Non Operating Income (Expenses)	-	2	36	10	91
EBT Excluding Unusual Items	1,057	943	2,017	1,978	755
Impairment of Goodwill	-	2,551	-	-	-
Gain (Loss) on Sale of Investments	-	-3	-15	196	3
Gain (Loss) on Sale of Assets	-	-16	2	17	-14
Asset Writedown	-	-847	-104	-16	-55
Pretax Income	1,057	2,628	1,900	2,175	689
Income Tax Expense	59	358	-184	317	314
Earnings From Continuing Operations	998	2,270	2,084	1,858	375
Net Income to Company	998	2,270	2,084	1,858	375
Minority Interest in Earnings	-141	230	30	19	86
Net Income	857	2,500	2,114	1,877	461
Net Income to Common	857	2,500	2,114	1,877	461
Net Income Growth	-65.72%	18.26%	12.63%	307.16%	-64.21%
Shares Outstanding (Basic)	19	19	19	19	17
Shares Outstanding (Diluted)	19	19	19	19	17
Shares Change (YoY)	0.09%	0.62%	-0.72%	8.21%	6.41%
EPS (Basic)	45.54	132.96	113.13	99.72	26.50
EPS (Diluted)	45.54	132.96	113.13	99.72	26.50
EPS Growth	-65.75%	17.54%	13.44%	276.26%	-66.38%
Free Cash Flow	3,020	2,195	959	1,573	569
Free Cash Flow Per Share	160.48	116.74	51.32	83.57	32.71
Dividend Per Share	-	10.000	20.000	10.000	10.000
Dividend Growth	-	-50.00%	100.00%	-	-
Gross Margin	17.77%	16.49%	16.56%	19.22%	22.03%
Operating Margin	2.20%	0.52%	2.49%	3.00%	-0.79%
Profit Margin	2.40%	8.04%	7.68%	8.51%	2.75%
Free Cash Flow Margin	8.48%	7.06%	3.48%	7.13%	3.39%
EBITDA	3,280	1,710	1,697	1,651	884
EBITDA Margin	9.21%	5.50%	6.17%	7.48%	5.27%
D&A For EBITDA	2,497	1,548	1,012	988	1,017
EBIT	783	162	685	663	-133
EBIT Margin	2.20%	0.52%	2.49%	3.00%	-0.79%
Effective Tax Rate	5.58%	13.62%	-	14.57%	45.57%

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