TRaaS On Product Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jan '26 Jan 31, 2026	Jan '21 Jan 31, 2021	Jan '20 Jan 31, 2020	Jan '19 Jan 31, 2019	Jan '18 Jan 31, 2018
Revenue	485	586	783	694	1,258
Revenue Growth (YoY)	-17.23%	-25.16%	12.82%	-44.83%	58.88%
Cost of Revenue	264	381	554	508	709
Gross Profit	221	205	229	186	549
Selling, General & Admin	258	493	332	331	297
Operating Expenses	258	493	332	331	297
Operating Income	-37	-288	-103	-145	252
Interest Expense	-1	-1	-	-	-
Earnings From Equity Investments	-	-	-2	-	-
Currency Exchange Gain (Loss)	1	1	1	-1	4
Other Non Operating Income (Expenses)	1	3	-	-1	-11
EBT Excluding Unusual Items	-36	-285	-104	-147	245
Asset Writedown	-20	-13	-5	-	-
Other Unusual Items	-	-71	-	-2	-
Pretax Income	-56	-369	-109	-149	245
Income Tax Expense	5	1	5	17	93
Earnings From Continuing Operations	-61	-370	-114	-166	152
Net Income to Company	-61	-370	-114	-166	152
Minority Interest in Earnings	-	3	-8	-	-
Net Income	-61	-367	-122	-166	152
Net Income to Common	-61	-367	-122	-166	152
Net Income Growth	-	-	-	-	77.94%
Shares Outstanding (Basic)	5	4	3	3	3
Shares Outstanding (Diluted)	5	4	3	3	3
Shares Change (YoY)	36.11%	12.05%	0.23%	15.17%	-
EPS (Basic)	-12.64	-103.53	-38.56	-52.59	58.26
EPS (Diluted)	-12.64	-103.53	-38.56	-52.59	55.57
Free Cash Flow	-32	-170	-120	-284	156
Free Cash Flow Per Share	-6.63	-47.95	-37.93	-89.98	56.92
Gross Margin	45.57%	34.98%	29.25%	26.80%	43.64%
Operating Margin	-7.63%	-49.15%	-13.15%	-20.89%	20.03%
Profit Margin	-12.58%	-62.63%	-15.58%	-23.92%	12.08%
Free Cash Flow Margin	-6.60%	-29.01%	-15.33%	-40.92%	12.40%
EBITDA	1	-234	-53	-94	290
EBITDA Margin	0.21%	-39.93%	-6.77%	-13.54%	23.05%
D&A For EBITDA	38	54	50	51	38
EBIT	-37	-288	-103	-145	252
EBIT Margin	-7.63%	-49.15%	-13.15%	-20.89%	20.03%
Effective Tax Rate	-	-	-	-	37.96%

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