Piala Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15,731	13,488	9,064	11,775	12,656
Revenue Growth (YoY)	16.63%	48.81%	-23.02%	-6.96%	-13.23%
Cost of Revenue	13,314	11,399	7,297	9,616	10,698
Gross Profit	2,417	2,089	1,767	2,159	1,958
Selling, General & Admin	2,376	2,205	2,151	2,270	2,095
Operating Expenses	2,376	2,239	2,151	2,270	2,094
Operating Income	41	-150	-384	-111	-136
Interest Expense	-22	-20	-14	-13	-10
Interest & Investment Income	1	-	-	6	-
Earnings From Equity Investments	-	-	-2	-9	-
Currency Exchange Gain (Loss)	22	35	28	37	10
Other Non Operating Income (Expenses)	139	4	-52	-40	2
EBT Excluding Unusual Items	181	-131	-424	-130	-134
Gain (Loss) on Sale of Investments	50	58	-68	-	-62
Gain (Loss) on Sale of Assets	-	3	-	-	-
Asset Writedown	-40	-30	-385	-145	-59
Other Unusual Items	-10	1	-1	-	-
Pretax Income	181	-99	-878	-275	-255
Income Tax Expense	-46	15	122	-29	4
Earnings From Continuing Operations	227	-114	-1,000	-246	-259
Net Income to Company	227	-114	-1,000	-246	-259
Minority Interest in Earnings	-28	-	18	14	-
Net Income	199	-114	-982	-232	-259
Net Income to Common	199	-114	-982	-232	-259
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	3.77%	0.10%	-0.01%	-2.32%	-2.44%
EPS (Basic)	27.84	-16.45	-141.83	-33.50	-36.54
EPS (Diluted)	27.67	-16.45	-141.83	-33.50	-36.54
Free Cash Flow	272	-162	-	153	-478
Free Cash Flow Per Share	37.82	-23.38	-	22.09	-67.43
Dividend Per Share	-	-	-	-	5.000
Dividend Growth	-	-	-	-	66.67%
Gross Margin	15.37%	15.49%	19.50%	18.34%	15.47%
Operating Margin	0.26%	-1.11%	-4.24%	-0.94%	-1.07%
Profit Margin	1.26%	-0.84%	-10.83%	-1.97%	-2.05%
Free Cash Flow Margin	1.73%	-1.20%	-	1.30%	-3.78%
EBITDA	83	-124	-284	37	-20
EBITDA Margin	0.53%	-0.92%	-3.13%	0.31%	-0.16%
D&A For EBITDA	42	26	100	148	116
EBIT	41	-150	-384	-111	-136
EBIT Margin	0.26%	-1.11%	-4.24%	-0.94%	-1.07%

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