TDSE Inc. Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	3,005	2,699	2,521	2,415	1,723
Revenue	3,005	2,699	2,521	2,415	1,723
Revenue Growth (YoY)	11.34%	7.06%	4.39%	40.16%	30.23%
Cost of Revenue	1,901	1,774	1,626	1,565	1,018
Gross Profit	1,104	925	895	850	705
Selling, General & Admin	890	724	621	583	486
Operating Expenses	890	726	623	585	487
Operating Income	214	199	272	265	218
Interest & Investment Income	3	-	-	-	-
Currency Exchange Gain (Loss)	9	-	-	-	-
Other Non Operating Income (Expenses)	6	1	2	2	-
EBT Excluding Unusual Items	232	200	274	267	218
Other Unusual Items	-	-	1	-40	-
Pretax Income	232	200	275	227	218
Income Tax Expense	58	64	75	59	70
Net Income	174	136	200	168	148
Net Income to Common	174	136	200	168	148
Net Income Growth	27.94%	-32.00%	19.05%	13.51%	-22.11%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	0.39%	0.13%	0.75%	0.47%	0.24%
EPS (Basic)	83.22	65.30	96.45	81.37	72.02
EPS (Diluted)	83.22	65.30	96.15	81.37	72.02
EPS Growth	27.45%	-32.09%	18.16%	12.98%	-22.29%
Free Cash Flow	193	197	107	195	224
Free Cash Flow Per Share	92.31	94.58	51.44	94.45	109.01
Gross Margin	36.74%	34.27%	35.50%	35.20%	40.92%
Operating Margin	7.12%	7.37%	10.79%	10.97%	12.65%
Profit Margin	5.79%	5.04%	7.93%	6.96%	8.59%
Free Cash Flow Margin	6.42%	7.30%	4.24%	8.08%	13.00%
EBITDA	267	221	284	274	226
EBITDA Margin	8.88%	8.19%	11.27%	11.35%	13.12%
D&A For EBITDA	53	22	12	9	8
EBIT	214	199	272	265	218
EBIT Margin	7.12%	7.37%	10.79%	10.97%	12.65%
Effective Tax Rate	25.00%	32.00%	27.27%	25.99%	32.11%
Advertising Expenses	-	16	15	22	56