Direct Marketing MiX 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	22,694	20,952	26,851	34,673	30,285
Revenue Growth (YoY)	8.31%	-21.97%	-22.56%	14.49%	34.83%
Cost of Revenue	20,488	19,190	25,381	28,941	25,569
Gross Profit	2,207	1,762	1,470	5,732	4,716
Other Operating Expenses	73.95	-2	-44	-63	-64
Operating Expenses	73.95	-2	-44	-63	-64
Operating Income	2,133	1,764	1,514	5,795	4,780
Interest Expense	-72.56	-47	-45	-43	-140
Interest & Investment Income	13.06	4	4	3	4
Other Non Operating Income (Expenses)	-	-1	-1	-1	-3
EBT Excluding Unusual Items	2,073	1,720	1,472	5,754	4,641
Gain (Loss) on Sale of Assets	-	-16	-134	-24	-
Asset Writedown	-	-314	-159	-	-
Pretax Income	2,073	1,390	1,179	5,730	4,641
Income Tax Expense	728.56	556	869	1,927	1,425
Earnings From Continuing Operations	1,345	834	310	3,803	3,216
Net Income	1,345	834	310	3,803	3,216
Net Income to Common	1,345	834	310	3,803	3,216
Net Income Growth	61.22%	169.03%	-91.85%	18.25%	32.67%
Shares Outstanding (Basic)	46	46	46	45	41
Shares Outstanding (Diluted)	47	47	47	48	48
Shares Change (YoY)	0.37%	-1.23%	-2.08%	0.14%	1.80%
EPS (Basic)	28.97	18.04	6.73	85.09	78.31
EPS (Diluted)	28.72	17.89	6.57	78.86	66.80
EPS Growth	60.54%	172.30%	-91.67%	18.05%	30.33%
Free Cash Flow	2,422	1,877	1,482	4,688	3,305
Free Cash Flow Per Share	51.74	40.24	31.38	97.21	68.63
Dividend Per Share	7.000	4.500	3.000	17.000	5.000
Dividend Growth	55.56%	50.00%	-82.35%	240.00%	100.00%
Gross Margin	9.72%	8.41%	5.47%	16.53%	15.57%
Operating Margin	9.40%	8.42%	5.64%	16.71%	15.78%
Profit Margin	5.92%	3.98%	1.16%	10.97%	10.62%
Free Cash Flow Margin	10.67%	8.96%	5.52%	13.52%	10.91%
EBITDA	3,422	3,166	3,131	7,258	5,881
EBITDA Margin	15.08%	15.11%	11.66%	20.93%	19.42%
D&A For EBITDA	1,289	1,402	1,617	1,463	1,101
EBIT	2,133	1,764	1,514	5,795	4,780
EBIT Margin	9.40%	8.42%	5.64%	16.71%	15.78%
Effective Tax Rate	35.14%	40.00%	73.71%	33.63%	30.70%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.