Media Links Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	2,337	2,789	3,111	2,522	2,495
Revenue Growth (YoY)	-16.21%	-10.35%	23.35%	1.08%	0.44%
Cost of Revenue	1,284	1,227	1,155	941	1,161
Gross Profit	1,053	1,562	1,956	1,581	1,334
Selling, General & Admin	1,251	1,378	1,419	1,295	1,239
Research & Development	678	707	702	455	757
Operating Expenses	1,929	2,085	2,121	1,750	1,996
Operating Income	-876	-523	-165	-169	-662
Interest Expense	-2	-7	-11	-13	-15
Interest & Investment Income	5	-	-	-	-
Currency Exchange Gain (Loss)	-16	9	-11	-12	-50
Other Non Operating Income (Expenses)	-4	-2	-	-34	1
EBT Excluding Unusual Items	-893	-523	-187	-228	-726
Asset Writedown	-534	-36	-44	-15	-19
Other Unusual Items	-26	-	-	-	-
Pretax Income	-1,453	-559	-231	-243	-745
Income Tax Expense	-	2	11	4	12
Net Income	-1,453	-561	-242	-247	-757
Net Income to Common	-1,453	-561	-242	-247	-757
Shares Outstanding (Basic)	67	47	31	19	6
Shares Outstanding (Diluted)	67	47	31	19	6
Shares Change (YoY)	44.75%	51.67%	62.64%	234.30%	0.14%
EPS (Basic)	-21.55	-12.04	-7.88	-13.08	-134.02
EPS (Diluted)	-21.55	-12.04	-7.88	-13.08	-134.02
Free Cash Flow	-459	-853	-537	-811	-333
Free Cash Flow Per Share	-6.81	-18.31	-17.49	-42.95	-58.96
Gross Margin	45.06%	56.01%	62.87%	62.69%	53.47%
Operating Margin	-37.48%	-18.75%	-5.30%	-6.70%	-26.53%
Profit Margin	-62.17%	-20.11%	-7.78%	-9.79%	-30.34%
Free Cash Flow Margin	-19.64%	-30.58%	-17.26%	-32.16%	-13.35%
EBITDA	-832	-475	-129	-149	-643
EBITDA Margin	-35.60%	-17.03%	-4.15%	-5.91%	-25.77%
D&A For EBITDA	44	48	36	20	19
EBIT	-876	-523	-165	-169	-662
EBIT Margin	-37.48%	-18.75%	-5.30%	-6.70%	-26.53%

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