NETSTARS 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,127	3,902	3,720	2,987	1,963
Revenue Growth (YoY)	13.16%	4.89%	24.54%	52.16%	-
Cost of Revenue	961	924	1,099	1,122	934
Gross Profit	3,166	2,978	2,621	1,865	1,029
Selling, General & Admin	3,094	3,062	2,943	2,419	2,042
Operating Expenses	3,097	3,065	2,940	2,419	2,042
Operating Income	69	-87	-319	-554	-1,013
Interest & Investment Income	46	7	-	1	-
Earnings From Equity Investments	-4	-2	-	-	-
Currency Exchange Gain (Loss)	-8	-15	-12	-15	-9
Other Non Operating Income (Expenses)	77	70	2	1	8
EBT Excluding Unusual Items	180	-27	-329	-567	-1,014
Gain (Loss) on Sale of Investments	14	5	-	-	-
Gain (Loss) on Sale of Assets	-	-	-9	-1	-
Asset Writedown	-9	-9	-4	-	-
Other Unusual Items	-	-	-1	-1	-
Pretax Income	185	-31	-343	-569	-1,014
Income Tax Expense	12	6	4	3	3
Net Income	173	-37	-347	-572	-1,017
Net Income to Common	173	-37	-347	-572	-1,017
Shares Outstanding (Basic)	17	17	16	16	16
Shares Outstanding (Diluted)	17	17	16	16	16
Shares Change (YoY)	2.58%	3.22%	1.18%	-	-
EPS (Basic)	10.37	-2.22	-21.47	-35.80	-63.65
EPS (Diluted)	10.32	-2.22	-21.47	-35.80	-63.65
Free Cash Flow	-	7,506	5,994	-	-
Free Cash Flow Per Share	-	449.86	370.81	-	-
Gross Margin	76.71%	76.32%	70.46%	62.44%	52.42%
Operating Margin	1.67%	-2.23%	-8.58%	-18.55%	-51.61%
Profit Margin	4.19%	-0.95%	-9.33%	-19.15%	-51.81%
Free Cash Flow Margin	-	192.36%	161.13%	-	-
EBITDA	297.5	137	-113	-	-
EBITDA Margin	7.21%	3.51%	-3.04%	-	-
D&A For EBITDA	228.5	224	206	-	-
EBIT	69	-87	-319	-554	-1,013
EBIT Margin	1.67%	-2.23%	-8.58%	-18.55%	-51.61%
Advertising Expenses	-	131	86	-	-

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.