Waseda Gakushukenkyukai Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '20 Mar 31, 2020
Revenue	7,075	6,986	6,463	6,110	5,888	3,376
Revenue Growth (YoY)	5.99%	8.09%	5.78%	3.77%	74.42%	229.71%
Cost of Revenue	4,179	4,137	3,829	3,536	3,388	86.2
Gross Profit	2,896	2,849	2,634	2,574	2,500	3,290
Selling, General & Admin	1,371	1,316	1,139	1,343	1,325	-
Other Operating Expenses	-	-	-	-	-	2,739
Operating Expenses	1,411	1,356	1,181	1,343	1,325	2,739
Operating Income	1,485	1,493	1,453	1,231	1,175	550.53
Interest Expense	-	-	-	-	-	-0.71
Interest & Investment Income	8	4	-	-	22	-
Other Non Operating Income (Expenses)	11	11	-18	16	16	2,062
EBT Excluding Unusual Items	1,504	1,508	1,435	1,247	1,213	2,612
Gain (Loss) on Sale of Investments	-	-	-	-	30	-
Gain (Loss) on Sale of Assets	-	-	-	-8	-18	-
Asset Writedown	-	-	-8	-	-	-
Other Unusual Items	-	-	-	-2	-2	-
Pretax Income	1,504	1,508	1,427	1,237	1,223	2,612
Income Tax Expense	478	470	354	399	392	867.65
Net Income to Company	-	1,038	1,073	838	831	-
Net Income	1,026	1,038	1,073	838	831	1,745
Net Income to Common	1,026	1,038	1,073	838	831	1,745
Net Income Growth	11.89%	-3.26%	28.04%	0.84%	-52.37%	739.77%
Shares Outstanding (Basic)	10	10	10	10	10	-
Shares Outstanding (Diluted)	10	10	10	10	10	-
Shares Change (YoY)	-0.56%	0.45%	0.41%	-	-	-
EPS (Basic)	101.63	102.28	106.21	83.29	82.59	-
EPS (Diluted)	101.63	102.28	106.21	83.29	82.59	-
EPS Growth	12.51%	-3.69%	27.51%	0.84%	-	-
Free Cash Flow	727	571	431	-	-	-
Free Cash Flow Per Share	72.02	56.27	42.66	-	-	-
Gross Margin	40.93%	40.78%	40.76%	42.13%	42.46%	97.45%
Operating Margin	20.99%	21.37%	22.48%	20.15%	19.96%	16.31%
Profit Margin	14.50%	14.86%	16.60%	13.71%	14.11%	51.68%
Free Cash Flow Margin	10.28%	8.17%	6.67%	-	-	-
EBITDA	1,654	1,655	1,607	-	-	-
EBITDA Margin	23.38%	23.69%	24.87%	-	-	-
D&A For EBITDA	169	162	154	-	-	-
EBIT	1,485	1,493	1,453	1,231	1,175	550.53
EBIT Margin	20.99%	21.37%	22.48%	20.15%	19.96%	16.31%
Effective Tax Rate	31.78%	31.17%	24.81%	32.26%	32.05%	-
Advertising Expenses	-	306	365	-	-	-

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