TDSE Inc. 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	2017 - 2020
Period Ending	Sep '25 Sep 30, 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	2017 - 2020
Operating Revenue	2,849	2,699	2,521	2,415	1,723	1,323	Upgrade
Revenue	2,849	2,699	2,521	2,415	1,723	1,323	Upgrade
Revenue Growth (YoY)	12.16%	7.06%	4.39%	40.16%	30.23%	-3.92%	Upgrade
Cost of Revenue	1,856	1,774	1,626	1,565	1,018	855	Upgrade
Gross Profit	993	925	895	850	705	468	Upgrade
Selling, General & Admin	831	724	621	583	486	417	Upgrade
Operating Expenses	833	726	623	585	487	418	Upgrade
Operating Income	160	199	272	265	218	50	Upgrade
Interest & Investment Income	1	-	-	-	-	16	Upgrade
Other Non Operating Income (Expenses)	4	1	2	2	-	1	Upgrade
EBT Excluding Unusual Items	168	200	274	267	218	67	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	207	Upgrade
Other Unusual Items	-	-	1	-40	-	2	Upgrade
Pretax Income	168	200	275	227	218	276	Upgrade
Income Tax Expense	53	64	75	59	70	86	Upgrade
Net Income	115	136	200	168	148	190	Upgrade
Net Income to Common	115	136	200	168	148	190	Upgrade
Net Income Growth	-33.14%	-32.00%	19.05%	13.51%	-22.11%	111.11%	Upgrade
Shares Outstanding (Basic)	2	2	2	2	2	2	Upgrade
Shares Outstanding (Diluted)	2	2	2	2	2	2	Upgrade
Shares Change (YoY)	0.13%	0.13%	0.75%	0.47%	0.24%	-0.00%	Upgrade
EPS (Basic)	55.10	65.30	96.45	81.37	72.02	92.68	Upgrade
EPS (Diluted)	55.10	65.30	96.15	81.37	72.02	92.68	Upgrade
EPS Growth	-33.23%	-32.09%	18.16%	12.98%	-22.29%	111.11%	Upgrade
Free Cash Flow	158	197	107	195	224	47	Upgrade
Free Cash Flow Per Share	75.70	94.58	51.44	94.45	109.01	22.93	Upgrade
Gross Margin	34.85%	34.27%	35.50%	35.20%	40.92%	35.37%	Upgrade
Operating Margin	5.62%	7.37%	10.79%	10.97%	12.65%	3.78%	Upgrade
Profit Margin	4.04%	5.04%	7.93%	6.96%	8.59%	14.36%	Upgrade
Free Cash Flow Margin	5.55%	7.30%	4.24%	8.08%	13.00%	3.55%	Upgrade
EBITDA	180	221	284	274	226	61	Upgrade
EBITDA Margin	6.32%	8.19%	11.27%	11.35%	13.12%	4.61%	Upgrade
D&A For EBITDA	20	22	12	9	8	11	Upgrade
EBIT	160	199	272	265	218	50	Upgrade
EBIT Margin	5.62%	7.37%	10.79%	10.97%	12.65%	3.78%	Upgrade
Effective Tax Rate	31.55%	32.00%	27.27%	25.99%	32.11%	31.16%	Upgrade
Advertising Expenses	-	16	15	22	56	46	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.