GameWith Income Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	3,743	3,451	3,497	3,512	3,120	2,880
Revenue Growth (YoY)	12.98%	-1.31%	-0.43%	12.56%	8.33%	-0.35%
Cost of Revenue	2,295	2,225	2,042	1,850	1,672	1,435
Gross Profit	1,448	1,226	1,455	1,662	1,448	1,445
Selling, General & Admin	1,411	1,419	1,388	1,314	1,248	1,654
Operating Expenses	1,415	1,423	1,388	1,324	1,248	1,654
Operating Income	33	-197	67	338	200	-209
Interest Expense	-	-	-1	-2	-4	-4
Interest & Investment Income	4	1	-	-	23	-
Earnings From Equity Investments	6	2	-3	-8	-	-
Currency Exchange Gain (Loss)	-6	-10	2	-1	2	-1
Other Non Operating Income (Expenses)	-4	-4	-19	-14	1	-10
EBT Excluding Unusual Items	33	-208	46	313	222	-224
Gain (Loss) on Sale of Investments	-6	-6	-28	8	-5	-1
Asset Writedown	-5	-	-268	-	-	-
Other Unusual Items	-	-	-1	-	3	-80
Pretax Income	22	-214	-251	321	220	-305
Income Tax Expense	39	21	96	142	102	-88
Net Income	-17	-235	-347	179	118	-217
Net Income to Common	-17	-235	-347	179	118	-217
Net Income Growth	-	-	-	51.70%	-	-
Shares Outstanding (Basic)	17	17	18	18	18	18
Shares Outstanding (Diluted)	17	17	18	18	18	18
Shares Change (YoY)	-0.81%	-1.81%	-1.20%	-0.93%	0.81%	-0.99%
EPS (Basic)	-0.97	-13.46	-19.51	9.99	6.54	-12.04
EPS (Diluted)	-0.97	-13.46	-19.51	9.95	6.53	-12.04
EPS Growth	-	-	-	52.37%	-	-
Free Cash Flow	72	-288	135	183	664	-465
Free Cash Flow Per Share	4.12	-16.49	7.59	10.17	36.55	-25.80
Gross Margin	38.69%	35.53%	41.61%	47.32%	46.41%	50.17%
Operating Margin	0.88%	-5.71%	1.92%	9.62%	6.41%	-7.26%
Profit Margin	-0.45%	-6.81%	-9.92%	5.10%	3.78%	-7.54%
Free Cash Flow Margin	1.92%	-8.34%	3.86%	5.21%	21.28%	-16.15%
EBITDA	60	-157	190	459	300	-159
EBITDA Margin	1.60%	-4.55%	5.43%	13.07%	9.62%	-5.52%
D&A For EBITDA	27	40	123	121	100	50
EBIT	33	-197	67	338	200	-209
EBIT Margin	0.88%	-5.71%	1.92%	9.62%	6.41%	-7.26%
Effective Tax Rate	177.27%	-	-	44.24%	46.36%	-
Advertising Expenses	-	-	-	-	114	683

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