note inc. (TYO:5243)

note inc. Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022
Revenue	4,402	4,141	3,312	2,777	2,317
Revenue Growth (YoY)	27.05%	25.03%	19.26%	19.85%	-
Cost of Revenue	293.8	265	202	209.85	216.45
Gross Profit	4,109	3,876	3,110	2,567	2,101
Selling, General & Admin	3,622	3,620	3,057	2,947	2,833
Operating Expenses	3,622	3,620	3,057	2,947	2,833
Operating Income	486.15	256	53	-380.22	-732.06
Interest Expense	-11.29	-7	-	-0.76	-0.98
Interest & Investment Income	6.2	2	-	0.02	0.01
Currency Exchange Gain (Loss)	-2.23	-2	-10	-6.41	-10.61
Other Non Operating Income (Expenses)	-5.44	14	33	-3.87	-6.87
EBT Excluding Unusual Items	473.4	263	76	-391.23	-750.51
Merger & Restructuring Charges	-	-	-	-29.89	-
Gain (Loss) on Sale of Assets	0.28	-	-	1.04	-
Asset Writedown	-	-	-	-	-11.31
Other Unusual Items	15.19	-	-	7.73	8.02
Pretax Income	488.88	263	76	-412.35	-753.79
Income Tax Expense	-238.49	-177	-22	2.5	2.7
Net Income	727.37	440	98	-414.84	-756.49
Net Income to Common	727.37	440	98	-414.84	-756.49
Net Income Growth	586.20%	348.98%	-	-	-
Shares Outstanding (Basic)	17	16	15	15	14
Shares Outstanding (Diluted)	18	17	16	15	14
Shares Change (YoY)	12.43%	9.55%	3.45%	5.92%	-
EPS (Basic)	42.68	26.79	6.38	-27.50	-53.11
EPS (Diluted)	41.16	25.77	6.34	-27.50	-53.11
EPS Growth	504.88%	306.47%	-	-	-
Free Cash Flow	-	393	224	-358.94	-683.1
Free Cash Flow Per Share	-	22.99	14.35	-23.79	-47.96
Gross Margin	93.33%	93.60%	93.90%	92.44%	90.66%
Operating Margin	11.04%	6.18%	1.60%	-13.69%	-31.59%
Profit Margin	16.52%	10.63%	2.96%	-14.94%	-32.65%
Free Cash Flow Margin	-	9.49%	6.76%	-12.93%	-29.48%
EBITDA	-	262	62	-367.42	-712.51
EBITDA Margin	-	6.33%	1.87%	-13.23%	-30.75%
D&A For EBITDA	5.25	6	9	12.8	19.55
EBIT	486.15	256	53	-380.22	-732.06
EBIT Margin	11.04%	6.18%	1.60%	-13.69%	-31.59%

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