Nova System Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,758	6,716	6,461	5,422	4,626	4,173
Revenue Growth (YoY)	3.13%	3.95%	19.16%	17.21%	10.85%	2.40%
Cost of Revenue	5,407	5,419	5,037	4,088	3,598	3,413
Gross Profit	1,351	1,297	1,424	1,334	1,028	760
Selling, General & Admin	938	911	838	789	672	656
Operating Expenses	999	972	896	843	698	656
Operating Income	352	325	528	491	330	104
Interest Expense	-8	-7	-4	-6	-7	-7
Interest & Investment Income	7	7	7	5	4	3
Other Non Operating Income (Expenses)	27	38	19	-7	9	12
EBT Excluding Unusual Items	378	363	550	483	336	112
Gain (Loss) on Sale of Assets	1	-	-	3	-	-
Asset Writedown	-16	-16	-	-1	-2	-
Legal Settlements	-	-	-12	-	-	-
Pretax Income	341	347	538	485	334	112
Income Tax Expense	110	113	144	143	122	40
Net Income to Company	-	234	394	342	212	72
Net Income	231	234	394	342	212	72
Net Income to Common	231	234	394	342	212	72
Net Income Growth	-35.29%	-40.61%	15.20%	61.32%	194.44%	-47.45%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	0.05%	-0.35%	3.01%	14.47%	-	-
EPS (Basic)	165.34	167.61	280.93	251.47	176.67	60.00
EPS (Diluted)	163.72	165.96	278.45	248.97	176.67	60.00
EPS Growth	-35.33%	-40.40%	11.84%	40.93%	194.44%	-47.45%
Free Cash Flow	-	-39	236	-61	-303	-
Free Cash Flow Per Share	-	-27.66	166.79	-44.41	-252.50	-
Gross Margin	19.99%	19.31%	22.04%	24.60%	22.22%	18.21%
Operating Margin	5.21%	4.84%	8.17%	9.06%	7.13%	2.49%
Profit Margin	3.42%	3.48%	6.10%	6.31%	4.58%	1.73%
Free Cash Flow Margin	-	-0.58%	3.65%	-1.13%	-6.55%	-
EBITDA	423.75	395	591	549	358	-
EBITDA Margin	6.27%	5.88%	9.15%	10.13%	7.74%	-
D&A For EBITDA	71.75	70	63	58	28	-
EBIT	352	325	528	491	330	104
EBIT Margin	5.21%	4.84%	8.17%	9.06%	7.13%	2.49%
Effective Tax Rate	32.26%	32.56%	26.77%	29.48%	36.53%	35.71%

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