Tsudakoma Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	35,447	36,445	39,278	31,189	27,796
Revenue Growth (YoY)	-2.74%	-7.21%	25.94%	12.21%	33.31%
Cost of Revenue	29,658	30,512	34,344	27,939	25,873
Gross Profit	5,789	5,933	4,934	3,250	1,923
Selling, General & Admin	5,869	5,573	6,150	5,746	5,245
Other Operating Expenses	-	-39	-	-	84
Operating Expenses	5,869	5,534	6,150	5,746	5,646
Operating Income	-80	399	-1,216	-2,496	-3,723
Interest Expense	-256	-214	-187	-155	-122
Interest & Investment Income	10	28	29	35	78
Earnings From Equity Investments	-	-	-	-	-28
Currency Exchange Gain (Loss)	70	5	19	20	113
Other Non Operating Income (Expenses)	38	63	59	12	76
EBT Excluding Unusual Items	-218	281	-1,296	-2,584	-3,606
Gain (Loss) on Sale of Investments	116	423	204	315	-367
Gain (Loss) on Sale of Assets	4	5	-1	-	-5
Asset Writedown	-42	-26	-	-	-333
Other Unusual Items	-1	-1	-	-170	-2
Pretax Income	-141	682	-1,093	-2,439	-4,313
Income Tax Expense	114	191	142	124	180
Earnings From Continuing Operations	-255	491	-1,235	-2,563	-4,493
Minority Interest in Earnings	-7	-3	-11	-4	-2
Net Income	-262	488	-1,246	-2,567	-4,495
Net Income to Common	-262	488	-1,246	-2,567	-4,495
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	-0.00%	-0.01%	-0.01%	-0.01%	-0.01%
EPS (Basic)	-41.02	76.40	-195.05	-401.82	-703.58
EPS (Diluted)	-41.02	76.40	-195.05	-401.82	-703.58
Free Cash Flow	616	592	-1,513	-2,408	-3,719
Free Cash Flow Per Share	96.44	92.68	-236.84	-376.93	-582.12
Gross Margin	16.33%	16.28%	12.56%	10.42%	6.92%
Operating Margin	-0.23%	1.09%	-3.10%	-8.00%	-13.39%
Profit Margin	-0.74%	1.34%	-3.17%	-8.23%	-16.17%
Free Cash Flow Margin	1.74%	1.62%	-3.85%	-7.72%	-13.38%
EBITDA	604	1,240	-167	-1,240	-2,410
EBITDA Margin	1.70%	3.40%	-0.43%	-3.98%	-8.67%
D&A For EBITDA	684	841	1,049	1,256	1,313
EBIT	-80	399	-1,216	-2,496	-3,723
EBIT Margin	-0.23%	1.09%	-3.10%	-8.00%	-13.39%
Effective Tax Rate	-	28.01%	-	-	-

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