Advantage Risk Management Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	9,753	8,554	6,998	6,405	5,792	5,452
Revenue Growth (YoY)	35.16%	22.23%	9.26%	10.58%	6.24%	3.59%
Cost of Revenue	3,186	2,643	2,065	1,811	1,519	1,196
Gross Profit	6,567	5,911	4,933	4,594	4,273	4,256
Selling, General & Admin	5,398	4,864	4,194	4,007	3,866	3,475
Amortization of Goodwill & Intangibles	24	24	13	34	54	54
Operating Expenses	5,422	4,888	4,207	4,041	3,920	3,529
Operating Income	1,145	1,023	726	553	353	727
Interest Expense	-18	-10	-1	-	-	-
Interest & Investment Income	14	13	11	9	2	1
Earnings From Equity Investments	-	-	-	-27	7	-
Other Non Operating Income (Expenses)	-2	-4	1	-2	-	2
EBT Excluding Unusual Items	1,139	1,022	737	533	362	730
Gain (Loss) on Sale of Investments	-	-	2	13	-46	-
Asset Writedown	-	-234	-	-	-3	-
Other Unusual Items	-	-	-	-	25	11
Pretax Income	1,139	788	739	546	338	741
Income Tax Expense	84	44	234	169	137	245
Net Income	1,055	744	505	377	201	496
Net Income to Common	1,055	744	505	377	201	496
Net Income Growth	215.87%	47.33%	33.95%	87.56%	-59.48%	-22.38%
Shares Outstanding (Basic)	16	16	17	17	17	17
Shares Outstanding (Diluted)	16	16	17	17	17	17
Shares Change (YoY)	-5.00%	-3.28%	0.06%	-0.29%	-1.41%	-0.01%
EPS (Basic)	66.98	46.10	30.27	22.61	12.02	29.24
EPS (Diluted)	66.98	46.10	30.27	22.61	12.02	29.24
EPS Growth	232.51%	52.33%	33.88%	88.12%	-58.89%	-22.41%
Free Cash Flow	2,081	1,693	1,284	930	570	639
Free Cash Flow Per Share	132.12	104.91	76.95	55.77	34.08	37.66
Dividend Per Share	16.000	16.000	12.000	10.000	10.000	10.000
Dividend Growth	33.33%	33.33%	20.00%	-	-	-9.09%
Gross Margin	67.33%	69.10%	70.49%	71.73%	73.77%	78.06%
Operating Margin	11.74%	11.96%	10.37%	8.63%	6.09%	13.33%
Profit Margin	10.82%	8.70%	7.22%	5.89%	3.47%	9.10%
Free Cash Flow Margin	21.34%	19.79%	18.35%	14.52%	9.84%	11.72%
EBITDA	2,121	1,857	1,396	1,082	750	993
EBITDA Margin	21.75%	21.71%	19.95%	16.89%	12.95%	18.21%
D&A For EBITDA	976	834	670	529	397	266
EBIT	1,145	1,023	726	553	353	727
EBIT Margin	11.74%	11.96%	10.37%	8.63%	6.09%	13.33%
Effective Tax Rate	7.38%	5.58%	31.66%	30.95%	40.53%	33.06%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.