OpenWork 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	FY 2022	FY 2021
Period Ending	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	4,653	3,542	2,922	2,037	1,535
Revenue Growth (YoY)	31.37%	21.22%	43.45%	32.70%	5.14%
Cost of Revenue	-	-	-	-	1,211
Gross Profit	4,653	3,542	2,922	2,037	324
Selling, General & Admin	3,438	2,501	2,058	1,419	-
Operating Expenses	3,454	2,515	2,066	1,425	-
Operating Income	1,199	1,027	856	612	324
Interest & Investment Income	9	-	-	-	-
Other Non Operating Income (Expenses)	-7	-1	-4	-23	-
EBT Excluding Unusual Items	1,201	1,026	852	589	324
Asset Writedown	-2	-	-	-	-
Pretax Income	1,199	1,026	852	589	324
Income Tax Expense	362	269	239	186	92
Net Income	837	757	613	403	232
Net Income to Common	837	757	613	403	232
Net Income Growth	10.57%	23.49%	52.11%	73.71%	39.76%
Shares Outstanding (Basic)	21	21	21	5	5
Shares Outstanding (Diluted)	21	21	21	5	5
Shares Change (YoY)	-1.69%	-0.48%	353.67%	1.68%	0.62%
EPS (Basic)	40.21	35.55	28.87	86.42	50.00
EPS (Diluted)	39.97	35.54	28.64	85.42	50.00
EPS Growth	12.46%	24.09%	-66.47%	70.84%	38.90%
Free Cash Flow	1,411	787	735	548	-
Free Cash Flow Per Share	67.38	36.95	34.34	116.15	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	21.11%
Operating Margin	25.77%	28.99%	29.29%	30.04%	21.11%
Profit Margin	17.99%	21.37%	20.98%	19.78%	15.11%
Free Cash Flow Margin	30.33%	22.22%	25.15%	26.90%	-
EBITDA	1,215	1,041	864	618	-
EBITDA Margin	26.11%	29.39%	29.57%	30.34%	-
D&A For EBITDA	16	14	8	6	-
EBIT	1,199	1,027	856	612	324
EBIT Margin	25.77%	28.99%	29.29%	30.04%	21.11%
Effective Tax Rate	30.19%	26.22%	28.05%	31.58%	28.39%
Advertising Expenses	1,076	700	634	287	-