The Sailor Pen Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,300	4,677	4,558	5,029	5,389
Revenue Growth (YoY)	-8.06%	2.61%	-9.37%	-6.68%	12.32%
Cost of Revenue	2,900	3,330	3,266	3,427	3,689
Gross Profit	1,400	1,347	1,292	1,602	1,700
Selling, General & Admin	1,599	1,608	1,611	1,734	1,579
Operating Expenses	1,599	1,617	1,634	1,750	1,591
Operating Income	-199	-270	-342	-148	109
Interest Expense	-29	-21	-18	-18	-22
Interest & Investment Income	1	1	-	-	-
Earnings From Equity Investments	-	-	2	-2	-2
Currency Exchange Gain (Loss)	10	1	6	5	3
Other Non Operating Income (Expenses)	25	72	23	15	13
EBT Excluding Unusual Items	-192	-217	-329	-148	101
Gain (Loss) on Sale of Investments	-	-	-1	-	-
Asset Writedown	-8	-911	-1,196	-22	-13
Other Unusual Items	-	-1	-1	-1	-
Pretax Income	-200	-1,129	-1,527	-171	88
Income Tax Expense	18	16	-18	20	35
Earnings From Continuing Operations	-218	-1,145	-1,509	-191	53
Minority Interest in Earnings	-3	-	-	-2	-
Net Income	-221	-1,145	-1,509	-193	53
Net Income to Common	-221	-1,145	-1,509	-193	53
Shares Outstanding (Basic)	30	30	30	24	15
Shares Outstanding (Diluted)	30	30	30	24	30
Shares Change (YoY)	-	-0.00%	24.24%	-19.51%	102.95%
EPS (Basic)	-7.46	-38.63	-50.90	-8.09	3.63
EPS (Diluted)	-7.46	-38.63	-50.90	-8.09	1.81
Free Cash Flow	-34	-480	-853	-1,449	-406
Free Cash Flow Per Share	-1.15	-16.19	-28.77	-60.73	-13.70
Gross Margin	32.56%	28.80%	28.35%	31.86%	31.55%
Operating Margin	-4.63%	-5.77%	-7.50%	-2.94%	2.02%
Profit Margin	-5.14%	-24.48%	-33.11%	-3.84%	0.98%
Free Cash Flow Margin	-0.79%	-10.26%	-18.71%	-28.81%	-7.53%
EBITDA	-164	-111	-143	-34	181
EBITDA Margin	-3.81%	-2.37%	-3.14%	-0.68%	3.36%
D&A For EBITDA	35	159	199	114	72
EBIT	-199	-270	-342	-148	109
EBIT Margin	-4.63%	-5.77%	-7.50%	-2.94%	2.02%
Effective Tax Rate	-	-	-	-	39.77%
Advertising Expenses	-	111	117	84	91

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