for Startups 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
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
Revenue	4,253	3,693	3,416	2,998	2,348
Revenue Growth (YoY)	21.34%	8.11%	13.94%	27.68%	-
Cost of Revenue	820	607	693	541	474
Gross Profit	3,433	3,086	2,723	2,457	1,874
Selling, General & Admin	2,731	2,556	2,238	1,856	1,354
Operating Expenses	2,808	2,633	2,299	1,872	1,386
Operating Income	625	453	424	585	488
Interest Expense	-7	-4	-	-	-
Interest & Investment Income	2	1	6	-	3
Other Non Operating Income (Expenses)	4	-2	-3	2	1
EBT Excluding Unusual Items	624	448	427	587	492
Asset Writedown	-8	-8	-	-	-
Other Unusual Items	-	-	-31	-	-
Pretax Income	616	440	396	587	492
Income Tax Expense	195	111	146	170	120
Earnings From Continuing Operations	421	329	250	417	372
Minority Interest in Earnings	99	24	135	25	10
Net Income	520	353	385	442	382
Net Income to Common	520	353	385	442	382
Net Income Growth	81.19%	-8.31%	-12.90%	15.71%	-
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	-7.09%	-2.37%	0.01%	0.15%	-
EPS (Basic)	76.84	49.70	53.82	62.32	55.26
EPS (Diluted)	76.78	49.66	52.91	60.64	55.26
EPS Growth	94.81%	-6.13%	-12.75%	9.75%	-
Free Cash Flow	71	-12	179	-119	557
Free Cash Flow Per Share	10.46	-1.69	24.54	-16.31	76.47
Gross Margin	80.72%	83.56%	79.71%	81.95%	79.81%
Operating Margin	14.70%	12.27%	12.41%	19.51%	20.78%
Profit Margin	12.23%	9.56%	11.27%	14.74%	16.27%
Free Cash Flow Margin	1.67%	-0.33%	5.24%	-3.97%	23.72%
EBITDA	666	530	479	601	520
EBITDA Margin	15.66%	14.35%	14.02%	20.05%	22.15%
D&A For EBITDA	41	77	55	16	32
EBIT	625	453	424	585	488
EBIT Margin	14.70%	12.27%	12.41%	19.51%	20.78%
Effective Tax Rate	31.66%	25.23%	36.87%	28.96%	24.39%

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