Waseda Gakushukenkyukai Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	7,113	6,986	6,463	6,110	5,888
Revenue Growth (YoY)	1.82%	8.09%	5.78%	3.77%	74.42%
Cost of Revenue	4,242	4,137	3,829	3,536	3,388
Gross Profit	2,871	2,849	2,634	2,574	2,500
Selling, General & Admin	1,460	1,316	1,139	1,343	1,325
Operating Expenses	1,460	1,356	1,181	1,343	1,325
Operating Income	1,411	1,493	1,453	1,231	1,175
Interest & Investment Income	8	4	-	-	22
Other Non Operating Income (Expenses)	-6	11	-18	16	16
EBT Excluding Unusual Items	1,413	1,508	1,435	1,247	1,213
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	1,413	1,508	1,427	1,237	1,223
Income Tax Expense	444	470	354	399	392
Net Income to Company	969	1,038	1,073	838	831
Net Income	969	1,038	1,073	838	831
Net Income to Common	969	1,038	1,073	838	831
Net Income Growth	-6.65%	-3.26%	28.04%	0.84%	-52.37%
Shares Outstanding (Basic)	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10
Shares Change (YoY)	-0.92%	0.45%	0.41%	-	-
EPS (Basic)	96.37	102.28	106.21	83.29	82.59
EPS (Diluted)	96.37	102.28	106.21	83.29	82.59
EPS Growth	-5.79%	-3.69%	27.51%	0.84%	-
Free Cash Flow	774	571	431	-	-
Free Cash Flow Per Share	76.97	56.27	42.66	-	-
Gross Margin	40.36%	40.78%	40.76%	42.13%	42.46%
Operating Margin	19.84%	21.37%	22.48%	20.15%	19.96%
Profit Margin	13.62%	14.86%	16.60%	13.71%	14.11%
Free Cash Flow Margin	10.88%	8.17%	6.67%	-	-
EBITDA	1,592	1,655	1,607	-	-
EBITDA Margin	22.38%	23.69%	24.87%	-	-
D&A For EBITDA	181	162	154	-	-
EBIT	1,411	1,493	1,453	1,231	1,175
EBIT Margin	19.84%	21.37%	22.48%	20.15%	19.96%
Effective Tax Rate	31.42%	31.17%	24.81%	32.26%	32.05%
Advertising Expenses	-	306	365	-	-

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