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	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Revenue	4,728	4,294	3,767	3,343
Revenue Growth (YoY)	12.73%	13.99%	12.68%	-
Cost of Revenue	1,663	1,448	966	489
Gross Profit	3,065	2,846	2,801	2,854
Selling, General & Admin	2,507	2,494	2,734	2,320
Operating Expenses	2,507	2,494	2,734	2,320
Operating Income	558	352	67	534
Interest Expense	-6	-7	-8	-6
Currency Exchange Gain (Loss)	-	-	-2	-1
Other Non Operating Income (Expenses)	3	6	10	-3
EBT Excluding Unusual Items	555	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	-	-	-60	-
Pretax Income	559	355	-1,735	522
Income Tax Expense	178	144	-134	260
Net Income	381	211	-1,601	262
Net Income to Common	381	211	-1,601	262
Shares Outstanding (Basic)	21	20	20	21
Shares Outstanding (Diluted)	21	20	20	21
Shares Change (YoY)	1.49%	0.61%	-1.67%	-
EPS (Basic)	18.38	10.31	-78.68	12.68
EPS (Diluted)	18.37	10.31	-78.68	12.68
Free Cash Flow	630	534	279	324
Free Cash Flow Per Share	30.39	26.09	13.71	15.66
Dividend Per Share	5.000	5.000	5.000	2.500
Dividend Growth	-	-	100.00%	-
Gross Margin	64.83%	66.28%	74.36%	85.37%
Operating Margin	11.80%	8.20%	1.78%	15.97%
Profit Margin	8.06%	4.91%	-42.50%	7.84%
Free Cash Flow Margin	13.33%	12.44%	7.41%	9.69%
EBITDA	853	649	508	889
EBITDA Margin	18.04%	15.11%	13.49%	26.59%
D&A For EBITDA	295	297	441	355
EBIT	558	352	67	534
EBIT Margin	11.80%	8.20%	1.78%	15.97%
Effective Tax Rate	31.84%	40.56%	-	49.81%
Advertising Expenses	-	1,246	1,363	1,312

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