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	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '15 Mar 31, 2015
Revenue	4,353	4,003	2,776	943.4
Revenue Growth (YoY)	56.81%	44.20%	194.25%	-
Cost of Revenue	681	772	511	355.23
Gross Profit	3,672	3,231	2,265	588.16
Selling, General & Admin	2,735	2,493	1,927	-
Other Operating Expenses	-	-	-	486.88
Operating Expenses	2,753	2,511	1,945	486.88
Operating Income	919	720	320	101.29
Interest Expense	-	-	-	-1.3
Interest & Investment Income	3	1	-	-
Other Non Operating Income (Expenses)	3	3	-7	-25.11
EBT Excluding Unusual Items	925	724	313	74.87
Gain (Loss) on Sale of Investments	-1	-1	-	-
Asset Writedown	-	-	-2	-
Pretax Income	924	723	311	74.87
Income Tax Expense	309	238	81	14.01
Net Income to Company	-	485	230	-
Net Income	615	485	230	60.86
Net Income to Common	615	485	230	60.86
Net Income Growth	167.39%	110.87%	277.93%	-
Shares Outstanding (Basic)	5	5	5	-
Shares Outstanding (Diluted)	5	5	5	-
Shares Change (YoY)	-1.17%	-0.67%	-	-
EPS (Basic)	120.05	94.25	44.39	-
EPS (Diluted)	119.77	94.14	44.39	-
EPS Growth	169.80%	112.05%	-	-
Free Cash Flow	327	415	347	-
Free Cash Flow Per Share	63.78	80.55	66.90	-
Dividend Per Share	18.000	18.000	-	-
Gross Margin	84.36%	80.71%	81.59%	62.34%
Operating Margin	21.11%	17.99%	11.53%	10.74%
Profit Margin	14.13%	12.12%	8.29%	6.45%
Free Cash Flow Margin	7.51%	10.37%	12.50%	-
EBITDA	975	770	354	-
EBITDA Margin	22.40%	19.23%	12.75%	-
D&A For EBITDA	56	50	34	-
EBIT	919	720	320	101.29
EBIT Margin	21.11%	17.99%	11.53%	10.74%
Effective Tax Rate	33.44%	32.92%	26.05%	-
Advertising Expenses	-	456	257	-

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