M&A Capital Partners Income Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	24,430	22,448	19,166	20,851	20,706	15,161
Revenue Growth (YoY)	4.47%	17.12%	-8.08%	0.70%	36.57%	27.71%
Cost of Revenue	9,197	8,295	6,861	6,572	7,074	5,391
Gross Profit	15,233	14,153	12,305	14,279	13,632	9,770
Selling, General & Admin	6,590	6,205	5,589	6,539	3,803	3,114
Other Operating Expenses	0.44	-1	-	-	-	-
Operating Expenses	6,784	6,204	5,930	6,829	3,919	3,198
Operating Income	8,449	7,949	6,375	7,450	9,713	6,572
Interest Expense	-11.25	-21	-	-	-	-
Interest & Investment Income	186.74	98	4	1	1	-
Other Non Operating Income (Expenses)	1.99	-2	1	22	59	17
EBT Excluding Unusual Items	8,627	8,024	6,380	7,473	9,773	6,589
Gain (Loss) on Sale of Assets	-	-	-	-4	-8	-2
Asset Writedown	-159.1	-823	-	-	-	-
Other Unusual Items	183.1	-	88	-	-	-
Pretax Income	8,651	7,201	6,468	7,469	9,765	6,587
Income Tax Expense	2,290	2,131	2,004	3,244	2,971	2,276
Net Income	6,361	5,070	4,464	4,225	6,794	4,311
Net Income to Common	6,361	5,070	4,464	4,225	6,794	4,311
Net Income Growth	2.13%	13.58%	5.66%	-37.81%	57.60%	26.53%
Shares Outstanding (Basic)	32	32	32	32	32	32
Shares Outstanding (Diluted)	32	32	32	32	33	33
Shares Change (YoY)	0.26%	0.19%	-0.63%	-0.35%	-0.25%	0.56%
EPS (Basic)	200.28	159.64	140.56	133.14	214.19	136.62
EPS (Diluted)	196.94	157.16	138.64	130.40	208.93	132.25
EPS Growth	1.86%	13.36%	6.32%	-37.59%	57.98%	25.93%
Free Cash Flow	7,111	9,480	3,780	3,523	8,460	5,970
Free Cash Flow Per Share	220.15	293.83	117.38	108.71	260.14	183.11
Dividend Per Share	52.100	52.100	40.000	40.000	-	-
Dividend Growth	30.25%	30.25%	-	-	-	-
Gross Margin	62.35%	63.05%	64.20%	68.48%	65.84%	64.44%
Operating Margin	34.59%	35.41%	33.26%	35.73%	46.91%	43.35%
Profit Margin	26.04%	22.59%	23.29%	20.26%	32.81%	28.43%
Free Cash Flow Margin	29.11%	42.23%	19.72%	16.90%	40.86%	39.38%
EBITDA	9,038	9,435	6,974	7,991	10,084	6,899
EBITDA Margin	36.99%	42.03%	36.39%	38.32%	48.70%	45.51%
D&A For EBITDA	588.36	1,486	599	541	371	327
EBIT	8,449	7,949	6,375	7,450	9,713	6,572
EBIT Margin	34.59%	35.41%	33.26%	35.73%	46.91%	43.35%
Effective Tax Rate	26.47%	29.59%	30.98%	43.43%	30.43%	34.55%
Advertising Expenses	-	-	1,297	1,234	706	540

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