Three F Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Operating Revenue	14,724	13,820	13,775	13,136	12,205	12,475
Other Revenue	97	96	82	77	51	55
Revenue	14,821	13,916	13,857	13,213	12,256	12,530
Revenue Growth (YoY)	7.00%	0.43%	4.87%	7.81%	-2.19%	-3.42%
Cost of Revenue	3,191	2,821	3,029	3,025	2,559	2,739
Gross Profit	11,630	11,095	10,828	10,188	9,697	9,791
Selling, General & Admin	10,243	10,087	9,886	9,972	9,431	9,562
Operating Expenses	10,252	10,096	9,918	10,035	9,498	9,627
Operating Income	1,378	999	910	153	199	164
Interest & Investment Income	10	5	4	4	5	5
Other Non Operating Income (Expenses)	-1	-1	-1	-1	46	46
EBT Excluding Unusual Items	1,387	1,003	913	156	250	215
Asset Writedown	-	-	-	-89	-25	-
Other Unusual Items	37	37	-	-	-	-
Pretax Income	1,424	1,040	913	67	225	215
Income Tax Expense	537	366	375	123	149	44
Earnings From Continuing Operations	887	674	538	-56	76	171
Minority Interest in Earnings	-481	-385	-321	-108	-160	-194
Net Income	406	289	217	-164	-84	-23
Net Income to Common	406	289	217	-164	-84	-23
Net Income Growth	57.98%	33.18%	-	-	-	-
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
EPS (Basic)	53.60	38.16	28.65	-21.65	-11.09	-3.04
EPS (Diluted)	53.60	38.16	28.65	-21.65	-11.09	-3.04
EPS Growth	57.98%	33.18%	-	-	-	-
Free Cash Flow	-	473	818	38	323	-18
Free Cash Flow Per Share	-	62.45	108.00	5.02	42.65	-2.38
Dividend Per Share	12.000	10.000	10.000	10.000	10.000	-
Gross Margin	78.47%	79.73%	78.14%	77.11%	79.12%	78.14%
Operating Margin	9.30%	7.18%	6.57%	1.16%	1.62%	1.31%
Profit Margin	2.74%	2.08%	1.57%	-1.24%	-0.69%	-0.18%
Free Cash Flow Margin	-	3.40%	5.90%	0.29%	2.63%	-0.14%
EBITDA	1,376	1,007	932	213	263	223
EBITDA Margin	9.28%	7.24%	6.73%	1.61%	2.15%	1.78%
D&A For EBITDA	-2.5	8	22	60	64	59
EBIT	1,378	999	910	153	199	164
EBIT Margin	9.30%	7.18%	6.57%	1.16%	1.62%	1.31%
Effective Tax Rate	37.71%	35.19%	41.07%	183.58%	66.22%	20.46%
Advertising Expenses	-	92	88	89	90	91

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