NETSTARS Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,788	3,902	3,720	2,987	1,963
Revenue Growth (YoY)	22.71%	4.89%	24.54%	52.16%	-
Cost of Revenue	1,123	924	1,099	1,122	934
Gross Profit	3,665	2,978	2,621	1,865	1,029
Selling, General & Admin	3,372	3,062	2,943	2,419	2,042
Operating Expenses	3,372	3,065	2,940	2,419	2,042
Operating Income	293	-87	-319	-554	-1,013
Interest & Investment Income	142	7	-	1	-
Earnings From Equity Investments	-7	-2	-	-	-
Currency Exchange Gain (Loss)	-5	-15	-12	-15	-9
Other Non Operating Income (Expenses)	11	70	2	1	8
EBT Excluding Unusual Items	434	-27	-329	-567	-1,014
Gain (Loss) on Sale of Investments	9	5	-	-	-
Gain (Loss) on Sale of Assets	-	-	-9	-1	-
Asset Writedown	-	-9	-4	-	-
Other Unusual Items	-40	-	-1	-1	-
Pretax Income	403	-31	-343	-569	-1,014
Income Tax Expense	-82	6	4	3	3
Net Income	485	-37	-347	-572	-1,017
Net Income to Common	485	-37	-347	-572	-1,017
Shares Outstanding (Basic)	17	17	16	16	16
Shares Outstanding (Diluted)	17	17	16	16	16
Shares Change (YoY)	2.39%	3.22%	1.18%	-	-
EPS (Basic)	28.98	-2.22	-21.47	-35.80	-63.65
EPS (Diluted)	28.39	-2.22	-21.47	-35.80	-63.65
Free Cash Flow	2,363	7,506	5,994	-	-
Free Cash Flow Per Share	138.32	449.86	370.81	-	-
Gross Margin	76.55%	76.32%	70.46%	62.44%	52.42%
Operating Margin	6.12%	-2.23%	-8.58%	-18.55%	-51.61%
Profit Margin	10.13%	-0.95%	-9.33%	-19.15%	-51.81%
Free Cash Flow Margin	49.35%	192.36%	161.13%	-	-
EBITDA	537	137	-113	-	-
EBITDA Margin	11.22%	3.51%	-3.04%	-	-
D&A For EBITDA	244	224	206	-	-
EBIT	293	-87	-319	-554	-1,013
EBIT Margin	6.12%	-2.23%	-8.58%	-18.55%	-51.61%
Advertising Expenses	-	131	86	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.