CURVES HOLDINGS Income Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	38,354	37,566	35,465	30,022	27,509	24,681
Revenue Growth (YoY)	4.29%	5.92%	18.13%	9.13%	11.46%	-1.60%
Cost of Revenue	22,091	21,517	20,320	17,216	15,518	14,278
Gross Profit	16,263	16,049	15,145	12,806	11,991	10,403
Selling, General & Admin	9,814	8,163	8,166	7,533	8,053	7,684
Other Operating Expenses	-	74	79	79	80	57
Operating Expenses	9,814	9,706	9,687	8,954	9,248	8,780
Operating Income	6,449	6,343	5,458	3,852	2,743	1,623
Interest Expense	-61	-61	-45	-47	-56	-66
Interest & Investment Income	6	6	-	-	-	-
Currency Exchange Gain (Loss)	109	162	30	31	569	77
Other Non Operating Income (Expenses)	34	30	19	5	53	81
EBT Excluding Unusual Items	6,537	6,480	5,462	3,841	3,309	1,715
Gain (Loss) on Sale of Assets	-	-	9	-	-	-
Asset Writedown	-9	-14	-25	-19	-5	-10
Other Unusual Items	-	-	-1	-	-171	-
Pretax Income	6,528	6,466	5,445	3,822	3,133	1,705
Income Tax Expense	2,236	2,163	1,879	1,271	886	576
Net Income	4,292	4,303	3,566	2,551	2,247	1,129
Net Income to Common	4,292	4,303	3,566	2,551	2,247	1,129
Net Income Growth	8.25%	20.67%	39.79%	13.53%	99.03%	47.77%
Shares Outstanding (Basic)	92	92	92	92	93	94
Shares Outstanding (Diluted)	92	92	92	92	93	94
Shares Change (YoY)	0.00%	0.00%	0.00%	-0.89%	-1.03%	7.10%
EPS (Basic)	46.62	46.74	38.74	27.71	24.19	12.03
EPS (Diluted)	46.62	46.74	38.74	27.71	24.19	12.03
EPS Growth	8.25%	20.66%	39.79%	14.55%	101.10%	37.97%
Free Cash Flow	-	6,060	5,277	4,758	3,055	2,990
Free Cash Flow Per Share	-	65.83	57.32	51.69	32.89	31.86
Dividend Per Share	17.000	17.000	15.000	10.000	7.000	5.000
Dividend Growth	13.33%	13.33%	50.00%	42.86%	40.00%	66.67%
Gross Margin	42.40%	42.72%	42.70%	42.66%	43.59%	42.15%
Operating Margin	16.81%	16.89%	15.39%	12.83%	9.97%	6.58%
Profit Margin	11.19%	11.46%	10.05%	8.50%	8.17%	4.57%
Free Cash Flow Margin	-	16.13%	14.88%	15.85%	11.11%	12.12%
EBITDA	8,693	8,585	7,691	6,161	4,737	3,369
EBITDA Margin	22.66%	22.85%	21.69%	20.52%	17.22%	13.65%
D&A For EBITDA	2,244	2,242	2,233	2,309	1,994	1,746
EBIT	6,449	6,343	5,458	3,852	2,743	1,623
EBIT Margin	16.81%	16.89%	15.39%	12.83%	9.97%	6.58%
Effective Tax Rate	34.25%	33.45%	34.51%	33.26%	28.28%	33.78%
Advertising Expenses	-	1,448	2,020	1,799	2,705	2,233

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