Twinbird Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	Feb '20 Feb 29, 2020	Feb '19 Feb 28, 2019
Revenue	10,930	12,869	12,505	12,159	11,625
Revenue Growth (YoY)	-15.07%	2.91%	2.85%	4.59%	-11.69%
Cost of Revenue	7,469	8,341	8,308	8,654	8,619
Gross Profit	3,461	4,528	4,197	3,505	3,006
Selling, General & Admin	2,885	3,163	3,069	2,851	2,610
Research & Development	384	463	332	250	87
Other Operating Expenses	7	31	4	7	1
Operating Expenses	3,420	3,809	3,588	3,326	2,893
Operating Income	41	719	609	179	113
Interest Expense	-17	-15	-18	-22	-21
Interest & Investment Income	3	4	7	9	8
Currency Exchange Gain (Loss)	106	41	9	-3	22
Other Non Operating Income (Expenses)	9	-140	-123	-95	-66
EBT Excluding Unusual Items	142	609	484	68	56
Gain (Loss) on Sale of Investments	-	-	24	-211	3
Gain (Loss) on Sale of Assets	-15	-20	-46	-17	-2
Asset Writedown	-	-	-245	-	-
Other Unusual Items	-	-14	-31	-3	-1
Pretax Income	127	575	186	-163	56
Income Tax Expense	58	156	22	-30	38
Net Income	69	419	164	-133	18
Net Income to Common	69	419	164	-133	18
Net Income Growth	-83.53%	155.49%	-	-	-83.33%
Shares Outstanding (Basic)	11	11	9	9	9
Shares Outstanding (Diluted)	11	11	9	9	9
Shares Change (YoY)	0.26%	12.49%	7.63%	-	0.07%
EPS (Basic)	6.51	39.61	17.44	-15.22	2.06
EPS (Diluted)	6.51	39.61	17.44	-15.22	2.06
EPS Growth	-83.58%	127.11%	-	-	-83.34%
Free Cash Flow	-231	1,099	542	1,368	-495
Free Cash Flow Per Share	-21.78	103.88	57.63	156.57	-56.65
Dividend Per Share	13.000	12.000	12.000	11.000	11.000
Dividend Growth	8.33%	-	9.09%	-	10.00%
Gross Margin	31.66%	35.19%	33.56%	28.83%	25.86%
Operating Margin	0.38%	5.59%	4.87%	1.47%	0.97%
Profit Margin	0.63%	3.26%	1.31%	-1.09%	0.15%
Free Cash Flow Margin	-2.11%	8.54%	4.33%	11.25%	-4.26%
EBITDA	456	1,063	963	664	673
EBITDA Margin	4.17%	8.26%	7.70%	5.46%	5.79%
D&A For EBITDA	415	344	354	485	560
EBIT	41	719	609	179	113
EBIT Margin	0.38%	5.59%	4.87%	1.47%	0.97%
Effective Tax Rate	45.67%	27.13%	11.83%	-	67.86%
Advertising Expenses	302	211	155	128	120

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