Media Links 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 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	2,862	2,789	3,111	2,522	2,495	2,484
Revenue Growth (YoY)	5.10%	-10.35%	23.35%	1.08%	0.44%	1.93%
Cost of Revenue	1,262	1,227	1,155	941	1,161	929
Gross Profit	1,600	1,562	1,956	1,581	1,334	1,555
Selling, General & Admin	1,272	1,378	1,419	1,295	1,239	1,170
Research & Development	698	707	702	455	757	623
Operating Expenses	1,970	2,085	2,121	1,750	1,996	1,793
Operating Income	-370	-523	-165	-169	-662	-238
Interest Expense	-4	-7	-11	-13	-15	-14
Interest & Investment Income	2	-	-	-	-	-
Currency Exchange Gain (Loss)	-8	9	-11	-12	-50	-3
Other Non Operating Income (Expenses)	-5	-2	-	-34	1	65
EBT Excluding Unusual Items	-385	-523	-187	-228	-726	-190
Asset Writedown	-36	-36	-44	-15	-19	-13
Other Unusual Items	-23	-	-	-	-	-
Pretax Income	-444	-559	-231	-243	-745	-203
Income Tax Expense	2	2	11	4	12	15
Net Income	-446	-561	-242	-247	-757	-218
Net Income to Common	-446	-561	-242	-247	-757	-218
Shares Outstanding (Basic)	60	47	31	19	6	6
Shares Outstanding (Diluted)	60	47	31	19	6	6
Shares Change (YoY)	38.03%	51.67%	62.64%	234.30%	0.14%	0.02%
EPS (Basic)	-7.38	-12.04	-7.88	-13.08	-134.02	-38.65
EPS (Diluted)	-7.38	-12.04	-7.88	-13.08	-134.02	-38.65
Free Cash Flow	-	-853	-537	-811	-333	-624
Free Cash Flow Per Share	-	-18.31	-17.49	-42.95	-58.96	-110.63
Gross Margin	55.91%	56.01%	62.87%	62.69%	53.47%	62.60%
Operating Margin	-12.93%	-18.75%	-5.30%	-6.70%	-26.53%	-9.58%
Profit Margin	-15.58%	-20.11%	-7.78%	-9.79%	-30.34%	-8.78%
Free Cash Flow Margin	-	-30.58%	-17.26%	-32.16%	-13.35%	-25.12%
EBITDA	-313	-475	-129	-149	-643	-221
EBITDA Margin	-10.94%	-17.03%	-4.15%	-5.91%	-25.77%	-8.90%
D&A For EBITDA	57	48	36	20	19	17
EBIT	-370	-523	-165	-169	-662	-238
EBIT Margin	-12.93%	-18.75%	-5.30%	-6.70%	-26.53%	-9.58%

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