Innovacell 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cost of Revenue	1,687	1,687	-	-
Gross Profit	-1,687	-1,687	-	-
Selling, General & Admin	593.35	516	487	511
Research & Development	124	-	1,385	1,350
Other Operating Expenses	28	28	-	-
Operating Expenses	745.35	544	1,872	1,861
Operating Income	-2,432	-2,231	-1,872	-1,861
Interest Expense	-898.37	-857	-614	-341
Interest & Investment Income	4.63	1	-	2
Currency Exchange Gain (Loss)	-25.62	-11	-15	-26
Other Non Operating Income (Expenses)	160.48	244	109	225
Pretax Income	-3,191	-2,854	-2,392	-2,001
Income Tax Expense	1.33	1	-	1
Net Income	-3,193	-2,855	-2,392	-2,002
Net Income to Common	-3,193	-2,855	-2,392	-2,002
Shares Outstanding (Basic)	45	32	27	27
Shares Outstanding (Diluted)	45	32	27	27
Shares Change (YoY)	-	19.90%	0.73%	-
EPS (Basic)	-94.58	-89.00	-89.41	-75.38
EPS (Diluted)	-94.58	-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	-2,432	-2,231	-1,872	-1,861