Rebase Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	2,181	1,926	1,490	1,160	890
Revenue Growth (YoY)	13.24%	29.26%	28.45%	30.34%	87.37%
Cost of Revenue	83	62	57	25	18
Gross Profit	2,098	1,864	1,433	1,135	872
Selling, General & Admin	1,976	1,364	1,086	869	657
Other Operating Expenses	-	1	-	-	-
Operating Expenses	2,000	1,377	1,097	880	660
Operating Income	98	487	336	255	212
Interest & Investment Income	2	-	-	-	-
Other Non Operating Income (Expenses)	-1	5	-1	-7	-2
EBT Excluding Unusual Items	99	492	335	248	210
Gain (Loss) on Sale of Assets	-	-2	-	-	-
Other Unusual Items	-	-	-	-	-4
Pretax Income	99	490	335	248	206
Income Tax Expense	25	128	107	90	67
Net Income	74	362	228	158	139
Net Income to Common	74	362	228	158	139
Net Income Growth	-79.56%	58.77%	44.30%	13.67%	54.44%
Shares Outstanding (Basic)	5	5	5	4	4
Shares Outstanding (Diluted)	5	5	5	5	4
Shares Change (YoY)	0.33%	0.20%	6.07%	15.67%	-
EPS (Basic)	15.06	77.93	49.50	36.63	34.75
EPS (Diluted)	15.00	73.62	46.46	34.15	34.75
EPS Growth	-79.63%	58.46%	36.05%	-1.73%	54.44%
Free Cash Flow	-54	455	356	205	-
Free Cash Flow Per Share	-10.95	92.53	72.54	44.31	-
Gross Margin	96.19%	96.78%	96.17%	97.84%	97.98%
Operating Margin	4.49%	25.29%	22.55%	21.98%	23.82%
Profit Margin	3.39%	18.80%	15.30%	13.62%	15.62%
Free Cash Flow Margin	-2.48%	23.62%	23.89%	17.67%	-
EBITDA	147	524	369	280	215
EBITDA Margin	6.74%	27.21%	24.77%	24.14%	24.16%
D&A For EBITDA	49	37	33	25	3
EBIT	98	487	336	255	212
EBIT Margin	4.49%	25.29%	22.55%	21.98%	23.82%
Effective Tax Rate	25.25%	26.12%	31.94%	36.29%	32.52%
Advertising Expenses	614	361	265	182	105