Bewith Income Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	35,973	36,424	38,253	35,158	32,405	28,845
Revenue Growth (YoY)	-3.57%	-4.78%	8.80%	8.50%	12.34%	15.84%
Cost of Revenue	31,064	31,237	32,187	29,763	27,049	24,073
Gross Profit	4,909	5,187	6,066	5,395	5,356	4,772
Selling, General & Admin	3,930	3,881	3,416	3,152	2,772	2,640
Other Operating Expenses	197	197	74	-	-	-
Operating Expenses	4,166	4,117	3,523	3,170	2,791	2,640
Operating Income	743	1,070	2,543	2,225	2,565	2,132
Earnings From Equity Investments	-61	-73	-30	-	-	-
Other Non Operating Income (Expenses)	8	6	14	43	25	33
EBT Excluding Unusual Items	690	1,003	2,527	2,268	2,590	2,165
Gain (Loss) on Sale of Investments	75	75	13	-	-	-
Asset Writedown	-406	-245	-3	-	-1	-2
Pretax Income	358	833	2,537	2,268	2,589	2,163
Income Tax Expense	221	372	704	590	813	502
Earnings From Continuing Operations	137	461	1,833	1,678	1,776	1,661
Minority Interest in Earnings	-	-9	-	-	-	-6
Net Income	137	452	1,833	1,678	1,776	1,655
Net Income to Common	137	452	1,833	1,678	1,776	1,655
Net Income Growth	-90.45%	-75.34%	9.24%	-5.52%	7.31%	78.34%
Shares Outstanding (Basic)	14	14	14	14	13	13
Shares Outstanding (Diluted)	14	14	14	14	13	13
Shares Change (YoY)	-0.38%	-0.26%	2.58%	5.53%	3.80%	-
EPS (Basic)	9.71	32.07	131.13	122.13	136.33	129.30
EPS (Diluted)	9.62	31.56	127.46	119.69	133.74	129.30
EPS Growth	-90.37%	-75.24%	6.49%	-10.51%	3.44%	78.34%
Free Cash Flow	418	941	2,208	1,314	1,401	-
Free Cash Flow Per Share	29.19	65.60	153.52	93.72	105.45	-
Dividend Per Share	77.000	77.000	53.000	49.000	47.000	44.500
Dividend Growth	45.28%	45.28%	8.16%	4.25%	5.62%	-
Gross Margin	13.65%	14.24%	15.86%	15.35%	16.53%	16.54%
Operating Margin	2.07%	2.94%	6.65%	6.33%	7.92%	7.39%
Profit Margin	0.38%	1.24%	4.79%	4.77%	5.48%	5.74%
Free Cash Flow Margin	1.16%	2.58%	5.77%	3.74%	4.32%	-
EBITDA	1,253	1,468	2,851	2,456	2,765	-
EBITDA Margin	3.48%	4.03%	7.45%	6.99%	8.53%	-
D&A For EBITDA	510	398	308	231	200	-
EBIT	743	1,070	2,543	2,225	2,565	2,132
EBIT Margin	2.07%	2.94%	6.65%	6.33%	7.92%	7.39%
Effective Tax Rate	61.73%	44.66%	27.75%	26.01%	31.40%	23.21%

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