Poplar Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Operating Revenue	10,884	11,206	11,543	12,235	12,787
Other Revenue	770	822	827	829	842
Revenue	11,654	12,028	12,370	13,064	13,629
Revenue Growth (YoY)	-3.11%	-2.77%	-5.31%	-4.15%	-29.16%
Cost of Revenue	6,295	6,585	6,965	7,770	8,764
Gross Profit	5,359	5,443	5,405	5,294	4,865
Selling, General & Admin	4,995	4,963	4,907	5,156	5,863
Other Operating Expenses	28	29	40	52	66
Operating Expenses	5,040	5,032	5,003	5,240	5,964
Operating Income	319	411	402	54	-1,099
Interest Expense	-15	-19	-27	-27	-33
Interest & Investment Income	3	3	3	2	21
Other Non Operating Income (Expenses)	-3	17	-18	44	104
EBT Excluding Unusual Items	304	412	360	73	-1,007
Gain (Loss) on Sale of Investments	-	61	45	44	227
Gain (Loss) on Sale of Assets	-	20	137	-9	-
Asset Writedown	-53	-19	-30	-322	-9
Other Unusual Items	-1	-11	-9	-16	287
Pretax Income	250	463	503	-230	-502
Income Tax Expense	116	87	41	7	16
Net Income	134	376	462	-237	-518
Preferred Dividends & Other Adjustments	-	45.5	28.93	-	-
Net Income to Common	134	330.5	433.07	-237	-518
Net Income Growth	-64.36%	-18.62%	-	-	-
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	16	17	15	12	12
Shares Change (YoY)	-1.60%	8.37%	30.17%	-0.00%	-0.00%
EPS (Basic)	11.37	28.04	36.74	-20.11	-43.95
EPS (Diluted)	8.19	22.63	30.11	-20.11	-43.95
EPS Growth	-63.81%	-24.83%	-	-	-
Free Cash Flow	264	353	64	23	-2,445
Free Cash Flow Per Share	16.14	21.23	4.17	1.95	-207.43
Gross Margin	45.98%	45.25%	43.69%	40.52%	35.70%
Operating Margin	2.74%	3.42%	3.25%	0.41%	-8.06%
Profit Margin	1.15%	2.75%	3.50%	-1.81%	-3.80%
Free Cash Flow Margin	2.27%	2.94%	0.52%	0.18%	-17.94%
EBITDA	382	466	452	166	-994
EBITDA Margin	3.28%	3.87%	3.65%	1.27%	-7.29%
D&A For EBITDA	63	55	50	112	105
EBIT	319	411	402	54	-1,099
EBIT Margin	2.74%	3.42%	3.25%	0.41%	-8.06%
Effective Tax Rate	46.40%	18.79%	8.15%	-	-
Advertising Expenses	429	364	310	268	298

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