Aqualine Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	1,834	3,462	4,845	4,588	5,239
Revenue Growth (YoY)	-47.02%	-28.54%	5.60%	-12.43%	-13.05%
Cost of Revenue	1,246	1,895	2,872	2,512	2,903
Gross Profit	588	1,567	1,973	2,076	2,336
Selling, General & Admin	1,008	1,967	2,125	2,254	2,697
Amortization of Goodwill & Intangibles	-	-	-	45	182
Operating Expenses	1,016	1,967	2,320	2,302	2,880
Operating Income	-428	-400	-347	-226	-544
Interest Expense	-14	-8	-4	-12	-7
Interest & Investment Income	-	6	5	3	-
Other Non Operating Income (Expenses)	-24	11	18	28	-8
EBT Excluding Unusual Items	-466	-391	-328	-207	-559
Gain (Loss) on Sale of Investments	-	-20	-60	-48	42
Gain (Loss) on Sale of Assets	6	3	1	31	21
Asset Writedown	-21	-111	-59	-67	-
Other Unusual Items	-223	132	35	-36	-137
Pretax Income	-704	-387	-411	-327	-633
Income Tax Expense	3	4	5	-	-3
Earnings From Continuing Operations	-707	-391	-416	-327	-630
Minority Interest in Earnings	-	45	45	8	36
Net Income	-707	-346	-371	-319	-594
Net Income to Common	-707	-346	-371	-319	-594
Shares Outstanding (Basic)	7	4	3	2	2
Shares Outstanding (Diluted)	7	4	3	2	2
Shares Change (YoY)	97.69%	23.03%	40.42%	7.06%	-0.71%
EPS (Basic)	-96.84	-93.69	-123.60	-149.24	-297.50
EPS (Diluted)	-96.84	-93.69	-123.60	-149.24	-297.50
Free Cash Flow	-659	-402	-30	2	-477
Free Cash Flow Per Share	-90.26	-108.85	-9.99	0.94	-238.90
Gross Margin	32.06%	45.26%	40.72%	45.25%	44.59%
Operating Margin	-23.34%	-11.55%	-7.16%	-4.93%	-10.38%
Profit Margin	-38.55%	-9.99%	-7.66%	-6.95%	-11.34%
Free Cash Flow Margin	-35.93%	-11.61%	-0.62%	0.04%	-9.11%
EBITDA	-419	-391	-289	-115	-284
EBITDA Margin	-22.85%	-11.29%	-5.96%	-2.51%	-5.42%
D&A For EBITDA	9	9	58	111	260
EBIT	-428	-400	-347	-226	-544
EBIT Margin	-23.34%	-11.55%	-7.16%	-4.93%	-10.38%
Advertising Expenses	-	68	44	62	137

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.