SHIKIGAKU. Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	6,536	5,369	4,829	4,458	3,823
Revenue Growth (YoY)	21.74%	11.18%	8.32%	16.61%	52.55%
Cost of Revenue	2,165	1,632	1,396	1,020	1,058
Gross Profit	4,371	3,737	3,433	3,438	2,765
Selling, General & Admin	3,880	3,406	3,547	3,495	2,405
Operating Expenses	3,880	3,406	3,547	3,495	2,405
Operating Income	491	331	-114	-57	360
Interest Expense	-2	-4	-5	-3	-4
Interest & Investment Income	5	1	-	1	6
Earnings From Equity Investments	-2	-3	-2	-4	-21
Other Non Operating Income (Expenses)	7	31	11	-11	4
EBT Excluding Unusual Items	499	356	-110	-74	345
Gain (Loss) on Sale of Investments	-	203	-	-194	225
Gain (Loss) on Sale of Assets	-	10	-	-	-
Asset Writedown	-160	-	-34	-	-22
Other Unusual Items	-	-	35	-30	1
Pretax Income	339	569	-109	-298	549
Income Tax Expense	132	217	19	60	178
Earnings From Continuing Operations	207	352	-128	-358	371
Minority Interest in Earnings	87	74	31	106	-147
Net Income	294	426	-97	-252	224
Net Income to Common	294	426	-97	-252	224
Net Income Growth	-30.99%	-	-	-	-
Shares Outstanding (Basic)	8	9	9	8	8
Shares Outstanding (Diluted)	9	9	9	8	8
Shares Change (YoY)	2.08%	-2.41%	8.67%	0.19%	8.68%
EPS (Basic)	34.95	49.99	-11.04	-31.17	28.95
EPS (Diluted)	33.61	49.76	-11.04	-31.17	27.88
EPS Growth	-32.46%	-	-	-	-
Free Cash Flow	81	123	-176	-1,005	431
Free Cash Flow Per Share	9.26	14.35	-20.04	-124.32	53.42
Gross Margin	66.88%	69.60%	71.09%	77.12%	72.32%
Operating Margin	7.51%	6.17%	-2.36%	-1.28%	9.42%
Profit Margin	4.50%	7.93%	-2.01%	-5.65%	5.86%
Free Cash Flow Margin	1.24%	2.29%	-3.65%	-22.54%	11.27%
EBITDA	555	395	-40	24	427
EBITDA Margin	8.49%	7.36%	-0.83%	0.54%	11.17%
D&A For EBITDA	64	64	74	81	67
EBIT	491	331	-114	-57	360
EBIT Margin	7.51%	6.17%	-2.36%	-1.28%	9.42%
Effective Tax Rate	38.94%	38.14%	-	-	32.42%
Advertising Expenses	-	449	681	543	395

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.