Nova System Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,701	6,461	5,422	4,626	4,173	4,075
Revenue Growth (YoY)	8.61%	19.16%	17.21%	10.85%	2.40%	-1.23%
Cost of Revenue	5,400	5,037	4,088	3,598	3,413	3,220
Gross Profit	1,301	1,424	1,334	1,028	760	855
Selling, General & Admin	885	838	789	672	656	656
Operating Expenses	943	896	843	698	656	656
Operating Income	358	528	491	330	104	199
Interest Expense	-6	-4	-6	-7	-7	-11
Interest & Investment Income	7	7	5	4	3	2
Other Non Operating Income (Expenses)	33	19	-7	9	12	21
EBT Excluding Unusual Items	392	550	483	336	112	211
Gain (Loss) on Sale of Assets	-	-	3	-	-	-4
Asset Writedown	-	-	-1	-2	-	-
Legal Settlements	-12	-12	-	-	-	-
Pretax Income	380	538	485	334	112	207
Income Tax Expense	96	144	143	122	40	70
Net Income to Company	-	394	342	212	72	137
Net Income	284	394	342	212	72	137
Net Income to Common	284	394	342	212	72	137
Net Income Growth	-9.55%	15.20%	61.32%	194.44%	-47.45%	-5.78%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	-0.47%	3.01%	14.47%	-	-	-
EPS (Basic)	203.28	280.93	251.47	176.67	60.00	114.17
EPS (Diluted)	201.32	278.45	248.97	176.67	60.00	114.17
EPS Growth	-9.13%	11.84%	40.93%	194.44%	-47.45%	-
Free Cash Flow	-	236	-61	-303	-	-
Free Cash Flow Per Share	-	166.79	-44.41	-252.50	-	-
Gross Margin	19.41%	22.04%	24.60%	22.22%	18.21%	20.98%
Operating Margin	5.34%	8.17%	9.06%	7.13%	2.49%	4.88%
Profit Margin	4.24%	6.10%	6.31%	4.58%	1.73%	3.36%
Free Cash Flow Margin	-	3.65%	-1.13%	-6.55%	-	-
EBITDA	424.75	591	549	358	-	-
EBITDA Margin	6.34%	9.15%	10.13%	7.74%	-	-
D&A For EBITDA	66.75	63	58	28	-	-
EBIT	358	528	491	330	104	199
EBIT Margin	5.34%	8.17%	9.06%	7.13%	2.49%	4.88%
Effective Tax Rate	25.26%	26.77%	29.48%	36.53%	35.71%	33.82%

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