MS&Consulting Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	2,584	2,552	2,391	2,213	1,933
Revenue Growth (YoY)	1.25%	6.73%	8.04%	14.49%	47.78%
Cost of Revenue	1,719	1,752	1,591	1,329	1,179
Gross Profit	865	800	800	884	754
Selling, General & Admin	636	629	634	619	541
Other Operating Expenses	-22	-7	-12	-21	-7
Operating Expenses	614	644	643	618	553
Operating Income	251	156	157	266	201
Interest Expense	-2	-1	-	-1	-3
Interest & Investment Income	1	-	-	-	-
Currency Exchange Gain (Loss)	-	-	10	9	-
Other Non Operating Income (Expenses)	2	3	11	49	114
EBT Excluding Unusual Items	252	158	178	323	312
Asset Writedown	-	-398	-	-	-
Pretax Income	252	-240	178	323	312
Income Tax Expense	79	36	64	104	107
Earnings From Continuing Operations	173	-276	114	219	205
Minority Interest in Earnings	-	-	-	-	1
Net Income	173	-276	114	219	206
Net Income to Common	173	-276	114	219	206
Net Income Growth	-	-	-47.95%	6.31%	-
Shares Outstanding (Basic)	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4
Shares Change (YoY)	6.72%	-1.16%	-6.46%	-1.72%	0.94%
EPS (Basic)	40.20	-68.44	28.07	50.62	46.81
EPS (Diluted)	40.20	-68.46	28.03	50.36	46.53
EPS Growth	-	-	-44.34%	8.23%	-
Free Cash Flow	404	400	-16	5	515
Free Cash Flow Per Share	93.87	99.19	-3.92	1.15	116.05
Dividend Per Share	-	-	9.000	17.000	8.000
Dividend Growth	-	-	-47.06%	112.50%	-13.51%
Gross Margin	33.48%	31.35%	33.46%	39.95%	39.01%
Operating Margin	9.71%	6.11%	6.57%	12.02%	10.40%
Profit Margin	6.69%	-10.81%	4.77%	9.90%	10.66%
Free Cash Flow Margin	15.63%	15.67%	-0.67%	0.23%	26.64%
EBITDA	387	262	244	347	271
EBITDA Margin	14.98%	10.27%	10.21%	15.68%	14.02%
D&A For EBITDA	136	106	87	81	70
EBIT	251	156	157	266	201
EBIT Margin	9.71%	6.11%	6.57%	12.02%	10.40%
Effective Tax Rate	31.35%	-	35.95%	32.20%	34.29%
Advertising Expenses	-	10	24	23	9

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