The Lead Co. 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	4,346	4,186	5,058	5,021	3,964	4,748
Revenue Growth (YoY)	1.19%	-17.24%	0.74%	26.66%	-16.51%	-26.32%
Cost of Revenue	4,005	3,672	4,411	4,304	3,703	4,536
Gross Profit	341	514	647	717	261	212
Selling, General & Admin	559	590	618	555	514	459
Other Operating Expenses	14	14	16	18	12	12
Operating Expenses	573	604	637	576	529	473
Operating Income	-232	-90	10	141	-268	-261
Interest Expense	-54	-42	-39	-45	-50	-51
Interest & Investment Income	43	35	28	22	19	19
Other Non Operating Income (Expenses)	32	39	36	86	155	154
EBT Excluding Unusual Items	-211	-58	35	204	-144	-139
Gain (Loss) on Sale of Investments	-	-	-	12	-	-
Gain (Loss) on Sale of Assets	21	19	26	-	-	1
Asset Writedown	-41	-37	-6	-	-43	-3
Other Unusual Items	2	-28	-	-	-1	-
Pretax Income	-229	-104	55	216	-188	-141
Income Tax Expense	-	-	7	32	-	-18
Net Income	-229	-104	48	184	-188	-123
Net Income to Common	-229	-104	48	184	-188	-123
Net Income Growth	-	-	-73.91%	-	-	-
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	-0.11%	0.39%	0.31%	-	-0.00%	-0.00%
EPS (Basic)	-88.54	-40.15	18.60	71.52	-73.08	-47.81
EPS (Diluted)	-88.54	-40.15	18.60	71.52	-73.08	-47.81
EPS Growth	-	-	-73.99%	-	-	-
Free Cash Flow	-	-330	216	329	433	-197
Free Cash Flow Per Share	-	-127.39	83.71	127.89	168.31	-76.58
Gross Margin	7.85%	12.28%	12.79%	14.28%	6.58%	4.46%
Operating Margin	-5.34%	-2.15%	0.20%	2.81%	-6.76%	-5.50%
Profit Margin	-5.27%	-2.48%	0.95%	3.67%	-4.74%	-2.59%
Free Cash Flow Margin	-	-7.88%	4.27%	6.55%	10.92%	-4.15%
EBITDA	53.25	250	423	604	172	122
EBITDA Margin	1.23%	5.97%	8.36%	12.03%	4.34%	2.57%
D&A For EBITDA	285.25	340	413	463	440	383
EBIT	-232	-90	10	141	-268	-261
EBIT Margin	-5.34%	-2.15%	0.20%	2.81%	-6.76%	-5.50%
Effective Tax Rate	-	-	12.73%	14.82%	-	-
Advertising Expenses	-	5	7	7	5	2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.