IMAGE MAGIC Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	9,061	7,767	6,134	5,291	4,896	4,330
Revenue Growth (YoY)	47.72%	26.62%	15.93%	8.07%	13.07%	52.36%
Cost of Revenue	5,423	4,807	3,942	3,598	3,229	2,943
Gross Profit	3,638	2,960	2,192	1,693	1,667	1,387
Selling, General & Admin	3,031	2,486	1,777	1,595	1,348	1,166
Other Operating Expenses	-3	-3	21	9	-	-
Operating Expenses	3,065	2,520	1,833	1,624	1,362	1,166
Operating Income	573	440	359	69	305	221
Interest Expense	-2	-3	-3	-3	-5	-3
Other Non Operating Income (Expenses)	3	11	2	9	-15	2
EBT Excluding Unusual Items	574	448	358	75	285	220
Gain (Loss) on Sale of Assets	-	-	-	1	-	-
Asset Writedown	-113	-68	-40.67	-2	-9	-38
Other Unusual Items	-27	-1	-	-	47	-
Pretax Income	434	379	317.33	74	323	182
Income Tax Expense	130	121	76	26	89	30
Net Income	304	258	241.33	48	234	152
Net Income to Common	304	258	241.33	48	234	152
Net Income Growth	25.97%	6.91%	402.78%	-79.49%	53.95%	78.82%
Shares Outstanding (Basic)	2	2	2	2	2	1
Shares Outstanding (Diluted)	3	3	2	2	2	1
Shares Change (YoY)	1.85%	1.25%	0.89%	20.38%	47.36%	6.48%
EPS (Basic)	126.19	110.12	104.35	20.76	136.49	109.82
EPS (Diluted)	120.49	102.87	97.43	19.55	114.73	109.82
EPS Growth	23.67%	5.59%	398.34%	-82.96%	4.47%	67.94%
Free Cash Flow	-	269	180	-90	263	-
Free Cash Flow Per Share	-	107.26	72.67	-36.66	128.95	-
Gross Margin	40.15%	38.11%	35.74%	32.00%	34.05%	32.03%
Operating Margin	6.32%	5.67%	5.85%	1.30%	6.23%	5.10%
Profit Margin	3.36%	3.32%	3.93%	0.91%	4.78%	3.51%
Free Cash Flow Margin	-	3.46%	2.93%	-1.70%	5.37%	-
EBITDA	766.38	636	558.5	261	476	-
EBITDA Margin	8.46%	8.19%	9.11%	4.93%	9.72%	-
D&A For EBITDA	193.38	196	199.5	192	171	-
EBIT	573	440	359	69	305	221
EBIT Margin	6.32%	5.67%	5.85%	1.30%	6.23%	5.10%
Effective Tax Rate	29.95%	31.93%	23.95%	35.13%	27.55%	16.48%
Advertising Expenses	-	571	-	243	130	-

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