Lapine Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	1,873	2,042	2,342	3,300	4,374
Revenue Growth (YoY)	-8.28%	-12.81%	-29.03%	-24.55%	-16.32%
Cost of Revenue	709	734	721	1,298	2,427
Gross Profit	1,164	1,308	1,621	2,002	1,947
Selling, General & Admin	1,440	1,668	1,963	2,651	2,872
Operating Expenses	1,440	1,669	1,963	2,651	2,876
Operating Income	-276	-361	-342	-649	-929
Interest Expense	-25	-25	-17	-16	-14
Interest & Investment Income	18	13	11	9	9
Other Non Operating Income (Expenses)	33	238	34	924	1,112
EBT Excluding Unusual Items	-250	-135	-314	268	178
Gain (Loss) on Sale of Investments	-1	-	-	-	-2
Gain (Loss) on Sale of Assets	-	-	-4	-	-
Asset Writedown	-	-12	-	-	-9
Other Unusual Items	-	21	6	-100	-1
Pretax Income	-251	-126	-312	168	166
Income Tax Expense	8	3	9	10	11
Net Income	-259	-129	-321	158	155
Net Income to Common	-259	-129	-321	158	155
Net Income Growth	-	-	-	1.93%	-
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	-0.01%	-	-0.25%	0.08%	0.68%
EPS (Basic)	-109.57	-54.57	-135.79	66.84	65.62
EPS (Diluted)	-109.57	-54.57	-135.79	66.72	65.55
EPS Growth	-	-	-	1.79%	-
Free Cash Flow	-473	-466	-663	361	357
Free Cash Flow Per Share	-200.10	-197.12	-280.46	152.32	150.76
Gross Margin	62.15%	64.05%	69.21%	60.67%	44.51%
Operating Margin	-14.74%	-17.68%	-14.60%	-19.67%	-21.24%
Profit Margin	-13.83%	-6.32%	-13.71%	4.79%	3.54%
Free Cash Flow Margin	-25.25%	-22.82%	-28.31%	10.94%	8.16%
EBITDA	-275	-360	-	-645	-925
EBITDA Margin	-14.68%	-17.63%	-	-19.55%	-21.15%
D&A For EBITDA	1	1	-	4	4
EBIT	-276	-361	-342	-649	-929
EBIT Margin	-14.74%	-17.68%	-14.60%	-19.67%	-21.24%
Effective Tax Rate	-	-	-	5.95%	6.63%
Advertising Expenses	40	38	44	70	111

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