KIYO Learning Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,031	4,467	3,798	2,848	2,262
Revenue Growth (YoY)	12.63%	17.61%	33.36%	25.91%	48.62%
Cost of Revenue	832	632	529	422	364
Gross Profit	4,199	3,835	3,269	2,426	1,898
Selling, General & Admin	3,895	3,610	3,123	2,601	1,730
Other Operating Expenses	-	5	3	-	-
Operating Expenses	3,895	3,623	3,133	2,609	1,750
Operating Income	304	212	136	-183	148
Interest Expense	-6	-5	-4	-5	-2
Interest & Investment Income	4	-	-	-	-
Other Non Operating Income (Expenses)	1	9	7	5	1
EBT Excluding Unusual Items	303	216	139	-183	147
Gain (Loss) on Sale of Investments	-	-8	-11	-	-
Pretax Income	303	208	128	-183	147
Income Tax Expense	9	-1	16	37	23
Net Income	294	209	112	-220	124
Net Income to Common	294	209	112	-220	124
Net Income Growth	40.67%	86.61%	-	-	-24.85%
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	0.46%	-0.19%	1.52%	-1.28%	227.40%
EPS (Basic)	42.94	30.61	16.48	-32.56	18.53
EPS (Diluted)	42.75	30.53	16.33	-32.56	18.12
EPS Growth	40.03%	86.96%	-	-	-77.05%
Free Cash Flow	723	415	600	312	376
Free Cash Flow Per Share	105.13	60.62	87.48	46.18	54.95
Gross Margin	83.46%	85.85%	86.07%	85.18%	83.91%
Operating Margin	6.04%	4.75%	3.58%	-6.43%	6.54%
Profit Margin	5.84%	4.68%	2.95%	-7.72%	5.48%
Free Cash Flow Margin	14.37%	9.29%	15.80%	10.96%	16.62%
EBITDA	407	296	204	-131	210
EBITDA Margin	8.09%	6.63%	5.37%	-4.60%	9.28%
D&A For EBITDA	103	84	68	52	62
EBIT	304	212	136	-183	148
EBIT Margin	6.04%	4.75%	3.58%	-6.43%	6.54%
Effective Tax Rate	2.97%	-	12.50%	-	15.65%
Advertising Expenses	-	2,142	2,042	1,853	1,129

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