Rebase Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	1,821	1,490	1,160	890	475
Revenue Growth (YoY)	29.98%	28.45%	30.34%	87.37%	-
Cost of Revenue	61	57	25	18	3
Gross Profit	1,760	1,433	1,135	872	472
Selling, General & Admin	1,292	1,086	869	657	364
Operating Expenses	1,303	1,097	880	660	364
Operating Income	457	336	255	212	108
Other Non Operating Income (Expenses)	2	-1	-7	-2	5
EBT Excluding Unusual Items	459	335	248	210	113
Other Unusual Items	-	-	-	-4	-
Pretax Income	459	335	248	206	113
Income Tax Expense	152	107	90	67	23
Net Income	307	228	158	139	90
Net Income to Common	307	228	158	139	90
Net Income Growth	59.90%	44.30%	13.67%	54.44%	-
Shares Outstanding (Basic)	5	5	4	4	4
Shares Outstanding (Diluted)	5	5	5	4	4
Shares Change (YoY)	0.76%	6.07%	15.67%	-	-
EPS (Basic)	66.49	49.50	36.63	34.75	22.50
EPS (Diluted)	62.32	46.46	34.15	34.75	22.50
EPS Growth	58.69%	36.05%	-1.73%	54.44%	-
Free Cash Flow	-	356	205	-	-
Free Cash Flow Per Share	-	72.54	44.31	-	-
Gross Margin	96.65%	96.17%	97.84%	97.98%	99.37%
Operating Margin	25.10%	22.55%	21.98%	23.82%	22.74%
Profit Margin	16.86%	15.30%	13.62%	15.62%	18.95%
Free Cash Flow Margin	-	23.89%	17.67%	-	-
EBITDA	496	369	280	215	-
EBITDA Margin	27.24%	24.77%	24.14%	24.16%	-
D&A For EBITDA	39	33	25	3	-
EBIT	457	336	255	212	108
EBIT Margin	25.10%	22.55%	21.98%	23.82%	22.74%
Effective Tax Rate	33.12%	31.94%	36.29%	32.52%	20.35%
Advertising Expenses	-	265	182	105	33

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.