Lapine Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	1,923	2,042	2,342	3,300	4,374	5,227
Revenue Growth (YoY)	-6.24%	-12.81%	-29.03%	-24.55%	-16.32%	-39.60%
Cost of Revenue	700	734	721	1,298	2,427	3,595
Gross Profit	1,223	1,308	1,621	2,002	1,947	1,632
Selling, General & Admin	1,518	1,668	1,963	2,651	2,872	3,508
Operating Expenses	1,519	1,669	1,963	2,651	2,876	3,530
Operating Income	-296	-361	-342	-649	-929	-1,898
Interest Expense	-25	-25	-17	-16	-14	-12
Interest & Investment Income	16	13	11	9	9	9
Other Non Operating Income (Expenses)	34	238	34	924	1,112	304
EBT Excluding Unusual Items	-271	-135	-314	268	178	-1,597
Gain (Loss) on Sale of Investments	-	-	-	-	-2	-15
Gain (Loss) on Sale of Assets	-	-	-4	-	-	-2
Asset Writedown	-12	-12	-	-	-9	-136
Other Unusual Items	-	21	6	-100	-1	-376
Pretax Income	-283	-126	-312	168	166	-2,126
Income Tax Expense	4	3	9	10	11	9
Net Income	-287	-129	-321	158	155	-2,135
Net Income to Common	-287	-129	-321	158	155	-2,135
Net Income Growth	-	-	-	1.93%	-	-
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.01%	-	-0.25%	0.08%	0.68%	0.13%
EPS (Basic)	-121.42	-54.57	-135.79	66.84	65.62	-907.74
EPS (Diluted)	-121.42	-54.57	-135.79	66.72	65.55	-907.74
EPS Growth	-	-	-	1.79%	-	-
Free Cash Flow	-	-466	-663	361	357	-979
Free Cash Flow Per Share	-	-197.12	-280.46	152.32	150.76	-416.24
Gross Margin	63.60%	64.05%	69.21%	60.67%	44.51%	31.22%
Operating Margin	-15.39%	-17.68%	-14.60%	-19.67%	-21.24%	-36.31%
Profit Margin	-14.92%	-6.32%	-13.71%	4.79%	3.54%	-40.85%
Free Cash Flow Margin	-	-22.82%	-28.31%	10.94%	8.16%	-18.73%
EBITDA	-	-360	-	-645	-925	-1,875
EBITDA Margin	-	-17.63%	-	-19.55%	-21.15%	-35.87%
D&A For EBITDA	-	1	-	4	4	23
EBIT	-296	-361	-342	-649	-929	-1,898
EBIT Margin	-15.39%	-17.68%	-14.60%	-19.67%	-21.24%	-36.31%
Effective Tax Rate	-	-	-	5.95%	6.63%	-
Advertising Expenses	-	38	44	70	111	172

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