adish Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,633	3,592	3,520	3,420	2,992	2,723
Revenue Growth (YoY)	1.71%	2.04%	2.92%	14.31%	9.88%	8.88%
Cost of Revenue	2,679	2,630	2,521	2,169	1,897	1,816
Gross Profit	954	962	999	1,251	1,095	907
Selling, General & Admin	1,009	1,094	1,171	1,153	1,043	899
Operating Expenses	1,009	1,094	1,171	1,153	1,043	899
Operating Income	-55	-132	-172	98	52	8
Interest Expense	-4	-3	-1	-1	-1	-1
Currency Exchange Gain (Loss)	-	-	-1	-1	-	-1
Other Non Operating Income (Expenses)	15	18	1	12	18	-1
EBT Excluding Unusual Items	-44	-117	-173	108	69	5
Asset Writedown	-	-	-3	-	-	-
Pretax Income	-44	-117	-176	108	69	5
Income Tax Expense	-5	-2	18	31	21	9
Earnings From Continuing Operations	-39	-115	-194	77	48	-4
Minority Interest in Earnings	-	-	1	-	-	-
Net Income	-39	-115	-193	77	48	-4
Net Income to Common	-39	-115	-193	77	48	-4
Net Income Growth	-	-	-	60.42%	-	-
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	6.16%	-1.15%	-4.90%	0.57%	8.81%	17.08%
EPS (Basic)	-21.12	-66.50	-110.32	42.87	26.85	-2.38
EPS (Diluted)	-21.12	-66.50	-110.32	41.87	26.24	-2.38
EPS Growth	-	-	-	59.57%	-	-
Free Cash Flow	-	-197	-269	78	70	13
Free Cash Flow Per Share	-	-113.92	-153.76	42.40	38.27	7.73
Gross Margin	26.26%	26.78%	28.38%	36.58%	36.60%	33.31%
Operating Margin	-1.51%	-3.67%	-4.89%	2.86%	1.74%	0.29%
Profit Margin	-1.07%	-3.20%	-5.48%	2.25%	1.60%	-0.15%
Free Cash Flow Margin	-	-5.48%	-7.64%	2.28%	2.34%	0.48%
EBITDA	-37.25	-112	-149	117	68	21
EBITDA Margin	-1.03%	-3.12%	-4.23%	3.42%	2.27%	0.77%
D&A For EBITDA	17.75	20	23	19	16	13
EBIT	-55	-132	-172	98	52	8
EBIT Margin	-1.51%	-3.67%	-4.89%	2.86%	1.74%	0.29%
Effective Tax Rate	-	-	-	28.70%	30.44%	180.00%

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