Basic 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
Revenue	2,276	1,822	1,560
Revenue Growth (YoY)	24.93%	16.78%	-
Cost of Revenue	451.11	410.22	355.47
Gross Profit	1,825	1,411	1,204
Selling, General & Admin	1,554	1,596	1,640
Operating Expenses	1,553	1,594	1,639
Operating Income	271.67	-183.16	-434.36
Interest Expense	-10.05	-15.34	-6.5
Interest & Investment Income	1.2	0.13	0.01
Other Non Operating Income (Expenses)	1.83	2.28	0.42
EBT Excluding Unusual Items	264.65	-196.1	-440.43
Gain (Loss) on Sale of Investments	-	-	18
Other Unusual Items	-	0.5	0.25
Pretax Income	264.65	-195.6	-422.19
Income Tax Expense	-80.31	-33.06	2.2
Net Income	344.96	-162.54	-424.39
Net Income to Common	344.96	-162.54	-424.39
Shares Outstanding (Basic)	5	5	5
Shares Outstanding (Diluted)	5	5	5
EPS (Basic)	68.94	-32.48	-84.81
EPS (Diluted)	68.94	-32.48	-84.81
Gross Margin	80.18%	77.48%	77.21%
Operating Margin	11.94%	-10.05%	-27.85%
Profit Margin	15.16%	-8.92%	-27.21%
EBITDA	276.08	-180.82	-431.77
EBITDA Margin	12.13%	-9.93%	-27.68%
D&A For EBITDA	4.41	2.34	2.59
EBIT	271.67	-183.16	-434.36
EBIT Margin	11.94%	-10.05%	-27.85%
Advertising Expenses	-	206.14	196.22

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