Innovacell 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cost of Revenue	1,687	-	-
Gross Profit	-1,687	-	-
Selling, General & Admin	516	487	511
Research & Development	-	1,385	1,350
Other Operating Expenses	28	-	-
Operating Expenses	544	1,872	1,861
Operating Income	-2,231	-1,872	-1,861
Interest Expense	-857	-614	-341
Interest & Investment Income	1	-	2
Currency Exchange Gain (Loss)	-11	-15	-26
Other Non Operating Income (Expenses)	244	109	225
Pretax Income	-2,854	-2,392	-2,001
Income Tax Expense	1	-	1
Net Income	-2,855	-2,392	-2,002
Net Income to Common	-2,855	-2,392	-2,002
Shares Outstanding (Basic)	32	27	27
Shares Outstanding (Diluted)	32	27	27
Shares Change (YoY)	19.90%	0.73%	-
EPS (Basic)	-89.00	-89.41	-75.38
EPS (Diluted)	-89.00	-89.41	-75.38
Free Cash Flow	-2,038	-	-
Free Cash Flow Per Share	-63.53	-	-
EBITDA	-2,168	-	-
D&A For EBITDA	63	-	-
EBIT	-2,231	-1,872	-1,861

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