SM ENTERTAINMENT JAPAN Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	11,219	10,195	9,716	8,910	7,078	5,631
Revenue Growth (YoY)	26.91%	4.93%	9.05%	25.88%	25.70%	31.87%
Cost of Revenue	9,044	8,175	7,654	7,028	5,676	4,590
Gross Profit	2,175	2,020	2,062	1,882	1,402	1,041
Selling, General & Admin	1,779	1,817	1,688	1,694	1,773	1,686
Operating Expenses	1,808	1,846	1,697	1,700	1,783	1,689
Operating Income	366.35	174	365	182	-381	-648
Interest & Investment Income	20.52	14	2	1	2	2
Currency Exchange Gain (Loss)	7.69	1	7	5	9	6
Other Non Operating Income (Expenses)	16.74	3	-	3	4	8
EBT Excluding Unusual Items	411.3	192	374	191	-366	-632
Gain (Loss) on Sale of Investments	-	-	626	14	134	12
Gain (Loss) on Sale of Assets	-	-	18	-	1	-
Asset Writedown	-	-	-35	-1	-72	-
Other Unusual Items	254	254	1	-	14	164
Pretax Income	665.3	446	984	204	-289	-456
Income Tax Expense	66.84	70	-22	-43	22	5
Earnings From Continuing Operations	598.46	376	1,006	247	-311	-461
Minority Interest in Earnings	-2.96	-1	-219	14	8	175
Net Income	595.49	375	787	261	-303	-286
Net Income to Common	595.49	375	787	261	-303	-286
Net Income Growth	-5.03%	-52.35%	201.53%	-	-	-
Shares Outstanding (Basic)	116	116	116	116	116	116
Shares Outstanding (Diluted)	116	116	116	116	116	116
Shares Change (YoY)	-0.00%	-	-	-	0.14%	110.83%
EPS (Basic)	5.14	3.24	6.79	2.25	-2.61	-2.47
EPS (Diluted)	5.14	3.24	6.79	2.25	-2.61	-2.47
EPS Growth	-5.03%	-52.35%	201.53%	-	-	-
Free Cash Flow	-	1,415	-590	-1,050	-128	151
Free Cash Flow Per Share	-	12.21	-5.09	-9.06	-1.10	1.30
Dividend Per Share	2.000	2.000	1.000	-	-	-
Dividend Growth	100.00%	100.00%	-	-	-	-
Gross Margin	19.38%	19.81%	21.22%	21.12%	19.81%	18.49%
Operating Margin	3.27%	1.71%	3.76%	2.04%	-5.38%	-11.51%
Profit Margin	5.31%	3.68%	8.10%	2.93%	-4.28%	-5.08%
Free Cash Flow Margin	-	13.88%	-6.07%	-11.79%	-1.81%	2.68%
EBITDA	376.6	185	379	201	-313	-608
EBITDA Margin	3.36%	1.81%	3.90%	2.26%	-4.42%	-10.80%
D&A For EBITDA	10.25	11	14	19	68	40
EBIT	366.35	174	365	182	-381	-648
EBIT Margin	3.26%	1.71%	3.76%	2.04%	-5.38%	-11.51%
Effective Tax Rate	10.05%	15.70%	-	-	-	-

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