Marvelous 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	37,982	27,963	29,493	25,341	25,728
Revenue Growth (YoY)	35.83%	-5.19%	16.38%	-1.50%	0.81%
Cost of Revenue	24,482	15,032	17,473	13,868	12,901
Gross Profit	13,500	12,931	12,020	11,473	12,827
Selling, General & Admin	11,251	9,189	9,453	8,862	8,098
Research & Development	-	1,696	-	-	-
Operating Expenses	11,211	11,181	9,617	9,048	8,227
Operating Income	2,289	1,750	2,403	2,425	4,600
Interest Expense	-	-16	-1	-2	-
Interest & Investment Income	202	220	264	184	57
Currency Exchange Gain (Loss)	275	-192	391	312	396
Other Non Operating Income (Expenses)	90	36	33	12	-
EBT Excluding Unusual Items	2,856	1,798	3,090	2,931	5,053
Gain (Loss) on Sale of Investments	-	-	-85	-	10
Gain (Loss) on Sale of Assets	-	4	-	-	-
Asset Writedown	-298	-156	-3,658	-	-
Other Unusual Items	-	-	-2	-	1
Pretax Income	2,558	1,646	-655	2,931	5,064
Income Tax Expense	576	827	-140	1,001	1,246
Earnings From Continuing Operations	1,982	819	-515	1,930	3,818
Minority Interest in Earnings	12	-1	-2	-5	-1
Net Income	1,994	818	-517	1,925	3,817
Net Income to Common	1,994	818	-517	1,925	3,817
Net Income Growth	143.77%	-	-	-49.57%	16.91%
Shares Outstanding (Basic)	61	61	61	60	60
Shares Outstanding (Diluted)	61	61	61	60	60
Shares Change (YoY)	-	0.07%	0.16%	0.10%	2.89%
EPS (Basic)	32.92	13.50	-8.54	31.85	63.22
EPS (Diluted)	32.92	13.50	-8.54	31.85	63.22
EPS Growth	143.77%	-	-	-49.62%	13.63%
Free Cash Flow	10,771	-2,273	1,097	666	2,606
Free Cash Flow Per Share	177.82	-37.52	18.12	11.02	43.16
Dividend Per Share	-	10.000	33.000	33.000	33.000
Dividend Growth	-	-69.70%	-	-	-
Gross Margin	35.54%	46.24%	40.76%	45.27%	49.86%
Operating Margin	6.03%	6.26%	8.15%	9.57%	17.88%
Profit Margin	5.25%	2.93%	-1.75%	7.60%	14.84%
Free Cash Flow Margin	28.36%	-8.13%	3.72%	2.63%	10.13%
EBITDA	5,073	3,567	3,858	5,200	6,062
EBITDA Margin	13.36%	12.76%	13.08%	20.52%	23.56%
D&A For EBITDA	2,784	1,817	1,455	2,775	1,462
EBIT	2,289	1,750	2,403	2,425	4,600
EBIT Margin	6.03%	6.26%	8.15%	9.57%	17.88%
Effective Tax Rate	22.52%	50.24%	-	34.15%	24.61%
Advertising Expenses	-	1,667	2,035	1,588	1,390

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