Marumae Income Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	13,735	11,403	4,749	6,868	8,585	5,369
Revenue Growth (YoY)	147.77%	140.12%	-30.85%	-20.00%	59.90%	22.36%
Cost of Revenue	9,503	7,855	3,917	5,285	5,427	3,552
Gross Profit	4,233	3,548	832	1,583	3,158	1,817
Selling, General & Admin	1,807	1,379	570	578	577	491
Research & Development	-	-	55	84	137	62
Other Operating Expenses	-	-	27	41	56	29
Operating Expenses	1,803	1,379	772	793	796	610
Operating Income	2,430	2,169	60	790	2,362	1,207
Interest Expense	-153.88	-105.75	-23	-23	-19	-16
Interest & Investment Income	4.79	4.79	-	-	-	-
Currency Exchange Gain (Loss)	-2.05	0.81	-2	5	22	3
Other Non Operating Income (Expenses)	-6.72	-9.22	6	12	1	5
EBT Excluding Unusual Items	2,272	2,060	41	784	2,366	1,199
Impairment of Goodwill	-125.59	-125.59	-	-	-	-
Gain (Loss) on Sale of Assets	0.09	0.09	1	4	-	3
Asset Writedown	-0.7	-0.7	-	-2	-	-
Other Unusual Items	35	-	-	211	66	19
Pretax Income	2,181	1,936	42	997	2,432	1,221
Income Tax Expense	698.98	579.67	23	291	615	319
Net Income	1,482	1,356	19	706	1,817	902
Net Income to Common	1,482	1,356	19	706	1,817	902
Net Income Growth	303.87%	7036.77%	-97.31%	-61.15%	101.44%	30.73%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	0.07%	0.08%	0.11%	-0.85%	-0.46%	-1.10%
EPS (Basic)	117.03	107.11	1.50	55.87	142.58	70.45
EPS (Diluted)	117.03	107.11	1.50	55.87	142.58	70.45
EPS Growth	303.59%	7031.13%	-97.31%	-60.81%	102.38%	32.18%
Free Cash Flow	-	1,560	-70	767	491	257
Free Cash Flow Per Share	-	123.22	-5.53	60.70	38.53	20.07
Dividend Per Share	40.000	40.000	-	-	-	-
Gross Margin	30.82%	31.11%	17.52%	23.05%	36.79%	33.84%
Operating Margin	17.69%	19.02%	1.26%	11.50%	27.51%	22.48%
Profit Margin	10.79%	11.89%	0.40%	10.28%	21.16%	16.80%
Free Cash Flow Margin	-	13.68%	-1.47%	11.17%	5.72%	4.79%
EBITDA	3,510	3,223	1,008	1,830	3,185	1,847
EBITDA Margin	25.55%	28.26%	21.23%	26.65%	37.10%	34.40%
D&A For EBITDA	1,080	1,054	948	1,040	823	640
EBIT	2,430	2,169	60	790	2,362	1,207
EBIT Margin	17.69%	19.02%	1.26%	11.50%	27.51%	22.48%
Effective Tax Rate	32.05%	29.95%	54.76%	29.19%	25.29%	26.13%

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.