Disruptors Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Revenue	4,961	4,294	3,767	3,343
Revenue Growth (YoY)	16.54%	13.99%	12.68%	-
Cost of Revenue	1,764	1,448	966	489
Gross Profit	3,197	2,846	2,801	2,854
Selling, General & Admin	2,532	2,494	2,734	2,320
Operating Expenses	2,532	2,494	2,734	2,320
Operating Income	665	352	67	534
Interest Expense	-6	-7	-8	-6
Currency Exchange Gain (Loss)	-	-	-2	-1
Other Non Operating Income (Expenses)	2	6	10	-3
EBT Excluding Unusual Items	661	351	67	524
Gain (Loss) on Sale of Investments	4	4	-	-2
Gain (Loss) on Sale of Assets	-	-	4	-
Asset Writedown	-	-	-1,746	-
Other Unusual Items	130	-	-60	-
Pretax Income	795	355	-1,735	522
Income Tax Expense	195	144	-134	260
Net Income	600	211	-1,601	262
Net Income to Common	600	211	-1,601	262
Shares Outstanding (Basic)	20	20	20	21
Shares Outstanding (Diluted)	20	20	20	21
Shares Change (YoY)	0.07%	0.61%	-1.67%	-
EPS (Basic)	29.31	10.31	-78.68	12.68
EPS (Diluted)	29.31	10.31	-78.68	12.68
Free Cash Flow	-	534	279	324
Free Cash Flow Per Share	-	26.09	13.71	15.66
Dividend Per Share	5.000	5.000	5.000	2.500
Dividend Growth	-	-	100.00%	-
Gross Margin	64.44%	66.28%	74.36%	85.37%
Operating Margin	13.41%	8.20%	1.78%	15.97%
Profit Margin	12.09%	4.91%	-42.50%	7.84%
Free Cash Flow Margin	-	12.44%	7.41%	9.69%
EBITDA	854	649	508	889
EBITDA Margin	17.21%	15.11%	13.49%	26.59%
D&A For EBITDA	189	297	441	355
EBIT	665	352	67	534
EBIT Margin	13.41%	8.20%	1.78%	15.97%
Effective Tax Rate	24.53%	40.56%	-	49.81%
Advertising Expenses	-	1,246	1,363	1,312

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