Fulltech Co.Ltd. Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,566	13,813	12,784	11,937	11,506
Revenue Growth (YoY)	-1.79%	8.05%	7.10%	3.75%	-1.41%
Cost of Revenue	8,837	9,160	8,737	8,368	7,462
Gross Profit	4,729	4,653	4,047	3,569	4,044
Selling, General & Admin	4,259	3,987	3,555	3,471	3,386
Research & Development	-	40	44	28	30
Amortization of Goodwill & Intangibles	14	14	-	-	-
Other Operating Expenses	-	-	-	-	-1
Operating Expenses	4,273	4,040	3,599	3,499	3,415
Operating Income	456	613	448	70	629
Interest Expense	-6	-6	-2	-	-2
Interest & Investment Income	15	13	11	10	9
Other Non Operating Income (Expenses)	37	30	11	56	13
EBT Excluding Unusual Items	502	650	468	136	649
Gain (Loss) on Sale of Investments	-	-1	-1	-	-1
Gain (Loss) on Sale of Assets	27	36	26	25	21
Asset Writedown	-88	-	-86	-3	-7
Other Unusual Items	-1	-1	-2	-2	-1
Pretax Income	440	684	405	156	661
Income Tax Expense	190	227	166	62	225
Net Income	250	457	239	94	436
Net Income to Common	250	457	239	94	436
Net Income Growth	-45.30%	91.21%	154.25%	-78.44%	57.40%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
EPS (Basic)	46.58	85.14	44.53	17.51	81.23
EPS (Diluted)	46.58	85.14	44.53	17.51	81.23
EPS Growth	-45.30%	91.21%	154.25%	-78.44%	57.40%
Free Cash Flow	-1,003	644	388	310	451
Free Cash Flow Per Share	-186.86	119.98	72.28	57.75	84.02
Dividend Per Share	32.000	32.000	28.000	28.000	28.000
Dividend Growth	-	14.29%	-	-	3.70%
Gross Margin	34.86%	33.69%	31.66%	29.90%	35.15%
Operating Margin	3.36%	4.44%	3.50%	0.59%	5.47%
Profit Margin	1.84%	3.31%	1.87%	0.79%	3.79%
Free Cash Flow Margin	-7.39%	4.66%	3.03%	2.60%	3.92%
EBITDA	700	825	621	231	776
EBITDA Margin	5.16%	5.97%	4.86%	1.93%	6.74%
D&A For EBITDA	244	212	173	161	147
EBIT	456	613	448	70	629
EBIT Margin	3.36%	4.44%	3.50%	0.59%	5.47%
Effective Tax Rate	43.18%	33.19%	40.99%	39.74%	34.04%

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