IBOKIN 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	10,005	9,656	8,660	7,961	8,433
Revenue Growth (YoY)	3.61%	11.50%	8.78%	-5.60%	54.65%
Cost of Revenue	8,217	7,803	7,147	6,611	6,835
Gross Profit	1,788	1,853	1,513	1,350	1,598
Selling, General & Admin	1,145	1,055	929	864	811
Operating Expenses	1,145	1,055	929	864	811
Operating Income	643	798	584	486	787
Interest Expense	-10	-2	-3	-4	-6
Interest & Investment Income	12	9	9	10	10
Other Non Operating Income (Expenses)	20	17	14	32	18
EBT Excluding Unusual Items	665	822	604	524	809
Gain (Loss) on Sale of Investments	62	-	-1	-	-
Gain (Loss) on Sale of Assets	2	1	2	10	2
Asset Writedown	-	-2	-1	-	-12
Other Unusual Items	66	-	-1	-	-
Pretax Income	795	821	603	534	799
Income Tax Expense	185	301	207	188	290
Earnings From Continuing Operations	610	520	396	346	509
Minority Interest in Earnings	-12	-	-	-	-
Net Income	598	520	396	346	509
Net Income to Common	598	520	396	346	509
Net Income Growth	15.00%	31.31%	14.45%	-32.02%	77.97%
Shares Outstanding (Basic)	3	3	3	3	2
Shares Outstanding (Diluted)	3	3	3	3	2
Shares Change (YoY)	-0.48%	-0.43%	-1.49%	98.66%	-50.01%
EPS (Basic)	181.91	157.42	119.36	102.73	300.24
EPS (Diluted)	181.91	157.42	119.36	102.73	300.24
EPS Growth	15.55%	31.89%	16.19%	-65.78%	256.04%
Free Cash Flow	-	710	95	179	711
Free Cash Flow Per Share	-	214.94	28.64	53.15	419.39
Dividend Per Share	-	32.000	22.500	22.500	-
Dividend Growth	-	42.22%	-	-	-
Gross Margin	17.87%	19.19%	17.47%	16.96%	18.95%
Operating Margin	6.43%	8.26%	6.74%	6.11%	9.33%
Profit Margin	5.98%	5.38%	4.57%	4.35%	6.04%
Free Cash Flow Margin	-	7.35%	1.10%	2.25%	8.43%
EBITDA	930	1,085	817	689	976
EBITDA Margin	9.29%	11.24%	9.43%	8.65%	11.57%
D&A For EBITDA	287	287	233	203	189
EBIT	643	798	584	486	787
EBIT Margin	6.43%	8.26%	6.74%	6.11%	9.33%
Effective Tax Rate	23.27%	36.66%	34.33%	35.21%	36.30%

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