eWeLL 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	3,591	3,392	2,571	2,069	1,603	1,192
Revenue Growth (YoY)	30.53%	31.93%	24.26%	29.07%	34.48%	50.89%
Cost of Revenue	825.84	737	574	432	333	231
Gross Profit	2,765	2,655	1,997	1,637	1,270	961
Selling, General & Admin	1,107	1,054	802	693	565	559
Operating Expenses	1,170	1,117	861	728	577	559
Operating Income	1,595	1,538	1,136	909	693	402
Interest Expense	-	-	-2	-3	-5	-2
Interest & Investment Income	4.22	4	-	-	-	-
Other Non Operating Income (Expenses)	4.04	4	4	3	-13	3
EBT Excluding Unusual Items	1,603	1,546	1,138	909	675	403
Gain (Loss) on Sale of Assets	-	-	-	-2	-	-
Pretax Income	1,603	1,546	1,138	907	675	403
Income Tax Expense	472.33	458	330	295	226	63
Net Income to Company	-	1,088	808	612	449	340
Net Income	1,131	1,088	808	612	449	340
Net Income to Common	1,131	1,088	808	612	449	340
Net Income Growth	24.46%	34.65%	32.03%	36.30%	32.06%	84.78%
Shares Outstanding (Basic)	15	15	15	7	7	6
Shares Outstanding (Diluted)	15	15	15	8	7	6
Shares Change (YoY)	0.11%	0.24%	100.31%	10.28%	9.38%	-
EPS (Basic)	74.47	71.74	53.81	85.98	67.10	53.90
EPS (Diluted)	74.07	71.22	53.02	80.44	65.08	53.90
EPS Growth	24.33%	34.33%	-34.09%	23.60%	20.73%	84.78%
Free Cash Flow	-	1,228	839	440	527	-
Free Cash Flow Per Share	-	80.38	55.05	57.83	76.39	-
Gross Margin	77.00%	78.27%	77.67%	79.12%	79.23%	80.62%
Operating Margin	44.42%	45.34%	44.19%	43.93%	43.23%	33.73%
Profit Margin	31.50%	32.07%	31.43%	29.58%	28.01%	28.52%
Free Cash Flow Margin	-	36.20%	32.63%	21.27%	32.88%	-
EBITDA	1,708	1,644	1,216	968	725	-
EBITDA Margin	47.56%	48.47%	47.30%	46.79%	45.23%	-
D&A For EBITDA	112.5	106	80	59	32	-
EBIT	1,595	1,538	1,136	909	693	402
EBIT Margin	44.42%	45.34%	44.19%	43.93%	43.23%	33.73%
Effective Tax Rate	29.46%	29.63%	29.00%	32.52%	33.48%	15.63%
Advertising Expenses	-	127	106	87	-	-

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