Happinet Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	439,052	364,418	350,461	307,253	282,441
Revenue Growth (YoY)	20.48%	3.98%	14.06%	8.79%	8.92%
Cost of Revenue	386,422	319,489	311,577	274,841	253,077
Gross Profit	52,630	44,929	38,884	32,412	29,364
Selling, General & Admin	35,211	31,290	28,677	25,368	22,665
Research & Development	-	88	64	23	12
Amortization of Goodwill & Intangibles	584	584	292	197	208
Operating Expenses	37,421	33,250	30,205	26,568	23,788
Operating Income	15,209	11,679	8,679	5,844	5,576
Interest & Investment Income	252	170	159	163	136
Earnings From Equity Investments	-	-	-26	-14	15
Currency Exchange Gain (Loss)	104	-34	-	-	-
Other Non Operating Income (Expenses)	56	89	114	139	81
EBT Excluding Unusual Items	15,621	11,904	8,926	6,132	5,808
Gain (Loss) on Sale of Investments	-5	14	978	128	-214
Gain (Loss) on Sale of Assets	82	69	47	63	40
Asset Writedown	-43	-1,402	-49	-199	-45
Other Unusual Items	-	-1	-2	-	-3
Pretax Income	15,655	10,584	9,900	6,124	5,586
Income Tax Expense	5,559	3,820	3,319	2,563	2,032
Net Income	10,096	6,764	6,581	3,561	3,554
Net Income to Common	10,096	6,764	6,581	3,561	3,554
Net Income Growth	49.26%	2.78%	84.81%	0.20%	37.17%
Shares Outstanding (Basic)	44	44	45	44	44
Shares Outstanding (Diluted)	44	45	45	45	45
Shares Change (YoY)	-0.83%	-1.12%	0.06%	0.20%	0.40%
EPS (Basic)	230.91	153.40	147.71	80.38	80.82
EPS (Diluted)	227.26	151.00	145.28	78.65	78.66
EPS Growth	50.50%	3.94%	84.72%	-0.01%	36.63%
Free Cash Flow	15,461	15,986	7,666	6,409	3,366
Free Cash Flow Per Share	348.03	356.86	169.22	141.55	74.49
Dividend Per Share	-	65.000	62.500	32.500	32.500
Dividend Growth	-	4.00%	92.31%	-	30.00%
Gross Margin	11.99%	12.33%	11.09%	10.55%	10.40%
Operating Margin	3.46%	3.21%	2.48%	1.90%	1.97%
Profit Margin	2.30%	1.86%	1.88%	1.16%	1.26%
Free Cash Flow Margin	3.52%	4.39%	2.19%	2.09%	1.19%
EBITDA	17,104	14,080	10,203	7,227	6,716
EBITDA Margin	3.90%	3.86%	2.91%	2.35%	2.38%
D&A For EBITDA	1,895	2,401	1,524	1,383	1,140
EBIT	15,209	11,679	8,679	5,844	5,576
EBIT Margin	3.46%	3.21%	2.48%	1.90%	1.97%
Effective Tax Rate	35.51%	36.09%	33.52%	41.85%	36.38%
Advertising Expenses	2,686	1,603	1,206	848	657

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