Writeup 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 2015
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '15 Mar 31, 2015
Revenue	4,269	4,003	2,776	943.4
Revenue Growth (YoY)	13.24%	44.20%	194.25%	-
Cost of Revenue	592	772	511	355.23
Gross Profit	3,677	3,231	2,265	588.16
Selling, General & Admin	2,528	2,493	1,927	-
Other Operating Expenses	-	-	-	486.88
Operating Expenses	2,546	2,511	1,945	486.88
Operating Income	1,131	720	320	101.29
Interest Expense	-	-	-	-1.3
Interest & Investment Income	3	1	-	-
Other Non Operating Income (Expenses)	-2	3	-7	-25.11
EBT Excluding Unusual Items	1,132	724	313	74.87
Gain (Loss) on Sale of Investments	-	-1	-	-
Asset Writedown	-	-	-2	-
Pretax Income	1,132	723	311	74.87
Income Tax Expense	329	238	81	14.01
Net Income to Company	-	485	230	-
Net Income	803	485	230	60.86
Net Income to Common	803	485	230	60.86
Net Income Growth	152.52%	110.87%	277.93%	-
Shares Outstanding (Basic)	5	5	5	-
Shares Outstanding (Diluted)	5	5	5	-
Shares Change (YoY)	-0.62%	-0.67%	-	-
EPS (Basic)	156.75	94.25	44.39	-
EPS (Diluted)	156.55	94.14	44.39	-
EPS Growth	154.16%	112.05%	-	-
Free Cash Flow	-	415	347	-
Free Cash Flow Per Share	-	80.55	66.90	-
Dividend Per Share	18.000	18.000	-	-
Gross Margin	86.13%	80.71%	81.59%	62.34%
Operating Margin	26.49%	17.99%	11.53%	10.74%
Profit Margin	18.81%	12.12%	8.29%	6.45%
Free Cash Flow Margin	-	10.37%	12.50%	-
EBITDA	1,193	770	354	-
EBITDA Margin	27.95%	19.23%	12.75%	-
D&A For EBITDA	62	50	34	-
EBIT	1,131	720	320	101.29
EBIT Margin	26.49%	17.99%	11.53%	10.74%
Effective Tax Rate	29.06%	32.92%	26.05%	-
Advertising Expenses	-	456	257	-

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