note inc. Income Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	May '25 May 31, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022
Revenue	3,666	3,312	2,777	2,317
Revenue Growth (YoY)	58.22%	19.26%	19.85%	-
Cost of Revenue	230	202	209.85	216.45
Gross Profit	3,436	3,110	2,567	2,101
Selling, General & Admin	3,372	3,057	2,947	2,833
Operating Expenses	3,372	3,057	2,947	2,833
Operating Income	64	53	-380.22	-732.06
Interest Expense	-	-	-0.76	-0.98
Interest & Investment Income	-	-	0.02	0.01
Currency Exchange Gain (Loss)	5	-10	-6.41	-10.61
Other Non Operating Income (Expenses)	27	33	-3.87	-6.87
EBT Excluding Unusual Items	96	76	-391.23	-750.51
Merger & Restructuring Charges	-	-	-29.89	-
Gain (Loss) on Sale of Assets	-	-	1.04	-
Asset Writedown	-	-	-	-11.31
Other Unusual Items	-	-	7.73	8.02
Pretax Income	96	76	-412.35	-753.79
Income Tax Expense	-58	-22	2.5	2.7
Net Income	154	98	-414.84	-756.49
Net Income to Common	154	98	-414.84	-756.49
Shares Outstanding (Basic)	16	15	15	14
Shares Outstanding (Diluted)	16	16	15	14
Shares Change (YoY)	14.02%	3.45%	5.92%	-
EPS (Basic)	9.76	6.38	-27.50	-53.11
EPS (Diluted)	9.59	6.34	-27.50	-53.11
Free Cash Flow	176	224	-358.94	-683.1
Free Cash Flow Per Share	10.84	14.35	-23.79	-47.96
Gross Margin	93.73%	93.90%	92.44%	90.66%
Operating Margin	1.75%	1.60%	-13.69%	-31.59%
Profit Margin	4.20%	2.96%	-14.94%	-32.65%
Free Cash Flow Margin	4.80%	6.76%	-12.93%	-29.48%
EBITDA	72	62	-367.42	-712.51
EBITDA Margin	1.96%	1.87%	-13.23%	-30.75%
D&A For EBITDA	8	9	12.8	19.55
EBIT	64	53	-380.22	-732.06
EBIT Margin	1.75%	1.60%	-13.69%	-31.59%

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