Naigai Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	13,356	13,162	13,021	12,714	13,465
Revenue Growth (YoY)	1.47%	1.08%	2.42%	-5.58%	15.20%
Cost of Revenue	8,453	8,278	8,246	8,741	8,219
Gross Profit	4,903	4,884	4,775	3,973	5,246
Selling, General & Admin	4,994	4,799	4,685	5,050	5,237
Other Operating Expenses	12	12	10	8	1
Operating Expenses	5,039	4,826	4,752	5,157	5,335
Operating Income	-136	58	23	-1,184	-89
Interest Expense	-22	-18	-13	-11	-10
Interest & Investment Income	92	80	47	37	34
Earnings From Equity Investments	-	-	-4	-37	-17
Currency Exchange Gain (Loss)	13	35	116	12	15
Other Non Operating Income (Expenses)	-2	1	2	9	28
EBT Excluding Unusual Items	-55	156	171	-1,174	-39
Gain (Loss) on Sale of Investments	153	32	-	-2	145
Gain (Loss) on Sale of Assets	-	-6	-2	-12	13
Asset Writedown	-15	-45	-72	-167	-13
Other Unusual Items	-	1	44	-171	-
Pretax Income	83	138	141	-1,526	106
Income Tax Expense	33	38	29	26	-18
Earnings From Continuing Operations	50	100	112	-1,552	124
Net Income	50	100	112	-1,552	124
Net Income to Common	50	100	112	-1,552	124
Net Income Growth	-50.00%	-10.71%	-	-	-
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	-3.45%	0.02%	-0.06%	-0.31%	0.05%
EPS (Basic)	6.33	12.22	13.69	-189.53	15.10
EPS (Diluted)	6.33	12.22	13.69	-189.53	15.10
EPS Growth	-48.21%	-10.73%	-	-	-
Free Cash Flow	-358	-102	-411	-642	-629
Free Cash Flow Per Share	-45.30	-12.46	-50.22	-78.40	-76.58
Gross Margin	36.71%	37.11%	36.67%	31.25%	38.96%
Operating Margin	-1.02%	0.44%	0.18%	-9.31%	-0.66%
Profit Margin	0.37%	0.76%	0.86%	-12.21%	0.92%
Free Cash Flow Margin	-2.68%	-0.78%	-3.16%	-5.05%	-4.67%
EBITDA	-87	103	94	-1,064	17
EBITDA Margin	-0.65%	0.78%	0.72%	-8.37%	0.13%
D&A For EBITDA	49	45	71	120	106
EBIT	-136	58	23	-1,184	-89
EBIT Margin	-1.02%	0.44%	0.18%	-9.31%	-0.66%
Effective Tax Rate	39.76%	27.54%	20.57%	-	-
Advertising Expenses	429	501	501	497	476

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