AppBank Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,242	490	388	342	547
Revenue Growth (YoY)	153.47%	26.29%	13.45%	-37.48%	-58.66%
Cost of Revenue	1,122	470	361	275	341
Gross Profit	120	20	27	67	206
Selling, General & Admin	291	392	302	261	342
Operating Expenses	291	391	303	260	342
Operating Income	-171	-371	-276	-193	-136
Other Non Operating Income (Expenses)	-15	-7	-4	-2	-1
EBT Excluding Unusual Items	-186	-378	-280	-195	-137
Gain (Loss) on Sale of Investments	-	-	-	-	-55
Gain (Loss) on Sale of Assets	-	-	-	24	10
Asset Writedown	-332	-11	-13	-15	-1
Other Unusual Items	2	-30	5	-	7
Pretax Income	-516	-419	-288	-186	-176
Income Tax Expense	3	2	-	-	1
Earnings From Continuing Operations	-519	-421	-288	-186	-177
Net Income	-519	-421	-288	-186	-177
Net Income to Common	-519	-421	-288	-186	-177
Shares Outstanding (Basic)	18	10	8	8	8
Shares Outstanding (Diluted)	18	10	8	8	8
Shares Change (YoY)	74.44%	26.58%	2.36%	-	0.85%
EPS (Basic)	-29.26	-41.40	-35.85	-23.70	-22.55
EPS (Diluted)	-29.26	-41.40	-35.85	-23.70	-22.55
Free Cash Flow	-180	-306	-218	-222	-173
Free Cash Flow Per Share	-10.15	-30.09	-27.14	-28.29	-22.04
Gross Margin	9.66%	4.08%	6.96%	19.59%	37.66%
Operating Margin	-13.77%	-75.71%	-71.13%	-56.43%	-24.86%
Profit Margin	-41.79%	-85.92%	-74.23%	-54.39%	-32.36%
Free Cash Flow Margin	-14.49%	-62.45%	-56.19%	-64.91%	-31.63%
EBITDA	-156	-353	-264	-184	-132
EBITDA Margin	-12.56%	-72.04%	-68.04%	-53.80%	-24.13%
D&A For EBITDA	15	18	12	9	4
EBIT	-171	-371	-276	-193	-136
EBIT Margin	-13.77%	-75.71%	-71.13%	-56.43%	-24.86%

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