ELEMENTS Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021	Nov '20 Nov 30, 2020
Revenue	2,545	1,940	1,651	1,362	949
Revenue Growth (YoY)	31.19%	17.50%	21.22%	43.52%	-
Cost of Revenue	362	441	563	545	377
Gross Profit	2,183	1,499	1,088	817	572
Selling, General & Admin	1,927	1,543	1,467	1,522	1,498
Research & Development	198	253	195	-	-
Operating Expenses	2,143	1,796	1,668	1,522	1,498
Operating Income	40	-297	-580	-705	-926
Interest Expense	-25	-14	-10	-5	-3
Earnings From Equity Investments	-25	-28	4	-	-
Other Non Operating Income (Expenses)	-18	-9	-9	15	-6
EBT Excluding Unusual Items	-28	-348	-595	-695	-935
Gain (Loss) on Sale of Investments	-	-	-71	-	-10
Gain (Loss) on Sale of Assets	-	-	-	-20	-
Asset Writedown	-	-6	-6	-	-
Other Unusual Items	-	-14	-	-	4
Pretax Income	-28	-368	-672	-715	-941
Income Tax Expense	55	3	1	1	1
Earnings From Continuing Operations	-83	-371	-673	-716	-942
Minority Interest in Earnings	-49	33	112	148	142
Net Income	-132	-338	-561	-568	-800
Net Income to Common	-132	-338	-561	-568	-800
Shares Outstanding (Basic)	23	21	14	13	13
Shares Outstanding (Diluted)	23	21	14	13	13
Shares Change (YoY)	11.37%	48.14%	7.12%	0.48%	-
EPS (Basic)	-5.62	-16.04	-39.43	-42.77	-60.53
EPS (Diluted)	-5.62	-16.04	-39.43	-42.77	-60.53
Free Cash Flow	-16	-384	-577	-	-
Free Cash Flow Per Share	-0.68	-18.22	-40.56	-	-
Gross Margin	85.78%	77.27%	65.90%	59.99%	60.27%
Operating Margin	1.57%	-15.31%	-35.13%	-51.76%	-97.58%
Profit Margin	-5.19%	-17.42%	-33.98%	-41.70%	-84.30%
Free Cash Flow Margin	-0.63%	-19.79%	-34.95%	-	-
EBITDA	261	-282	-572	-	-
EBITDA Margin	10.26%	-14.54%	-34.65%	-	-
D&A For EBITDA	221	15	8	-	-
EBIT	40	-297	-580	-705	-926
EBIT Margin	1.57%	-15.31%	-35.13%	-51.76%	-97.58%

Source: S&P Capital IQ. Standard template. Financial Sources.