f-code Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019
Revenue	10,455	5,130	2,482	459
Revenue Growth (YoY)	162.72%	106.69%	440.74%	-
Cost of Revenue	4,323	2,289	1,012	176
Gross Profit	6,132	2,841	1,470	283
Selling, General & Admin	4,287	1,603	759	343
Other Operating Expenses	-978.45	-719	-6	-
Operating Expenses	3,398	973	818	343
Operating Income	2,734	1,868	652	-60
Interest Expense	-175.33	-106	-41	-3
Interest & Investment Income	16.98	2	1	-
Currency Exchange Gain (Loss)	2	2	1	-
Other Non Operating Income (Expenses)	-9	-9	-2	-2
EBT Excluding Unusual Items	2,569	1,757	611	-65
Gain (Loss) on Sale of Investments	-	-	-	24
Gain (Loss) on Sale of Assets	184	184	-	-
Asset Writedown	-620	-620	-	-
Pretax Income	2,133	1,321	611	-41
Income Tax Expense	668.78	388	127	-
Earnings From Continuing Operations	1,464	933	484	-41
Minority Interest in Earnings	-70.09	-28	-	-
Net Income	1,394	905	484	-41
Net Income to Common	1,394	905	484	-41
Net Income Growth	75.28%	86.98%	-	-
Shares Outstanding (Basic)	12	12	10	8
Shares Outstanding (Diluted)	12	13	11	8
Shares Change (YoY)	0.81%	16.55%	43.28%	-
EPS (Basic)	113.93	77.88	46.89	-5.44
EPS (Diluted)	105.10	71.94	44.88	-5.44
EPS Growth	58.31%	60.28%	-	-
Free Cash Flow	-	911	860	-
Free Cash Flow Per Share	-	72.36	79.61	-
Gross Margin	-	55.38%	59.23%	61.66%
Operating Margin	26.15%	36.41%	26.27%	-13.07%
Profit Margin	13.33%	17.64%	19.50%	-8.93%
Free Cash Flow Margin	-	17.76%	34.65%	-
EBITDA	2,827	1,957	717	-
EBITDA Margin	-	38.15%	28.89%	-
D&A For EBITDA	92.75	89	65	-
EBIT	2,734	1,868	652	-60
EBIT Margin	-	36.41%	26.27%	-13.07%
Effective Tax Rate	-	29.37%	20.79%	-
Advertising Expenses	-	161	72	-

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