TYO:9218 Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,435	5,134	2,608	2,288	1,453
Revenue Growth (YoY)	25.34%	96.86%	13.99%	57.47%	53.43%
Cost of Revenue	4,309	3,295	1,162	859	684
Gross Profit	2,126	1,839	1,446	1,429	769
Selling, General & Admin	1,527	1,653	914	1,030	608
Amortization of Goodwill & Intangibles	-	77	9	-	-
Operating Expenses	1,527	1,730	945	1,059	631
Operating Income	599	109	501	370	138
Interest Expense	-41	-31	-3	-2	-2
Interest & Investment Income	3	-	-	-	-
Other Non Operating Income (Expenses)	-124	-39	-2	-23	-
EBT Excluding Unusual Items	437	39	496	345	136
Asset Writedown	-14	-1	-	-	-
Other Unusual Items	-	8	26	52	-
Pretax Income	423	46	522	397	136
Income Tax Expense	169	75	81	132	-25
Net Income	254	-29	441	265	161
Net Income to Common	254	-29	441	265	161
Net Income Growth	-	-	66.42%	64.60%	-
Shares Outstanding (Basic)	10	10	10	10	9
Shares Outstanding (Diluted)	11	10	11	11	9
Shares Change (YoY)	3.51%	-3.58%	0.11%	18.14%	2.12%
EPS (Basic)	24.47	-2.85	44.25	27.18	18.02
EPS (Diluted)	24.09	-2.85	41.78	25.13	18.02
EPS Growth	-	-	66.25%	39.42%	-
Free Cash Flow	557	244	146	364	199
Free Cash Flow Per Share	52.83	23.95	13.82	34.49	22.28
Gross Margin	33.04%	35.82%	55.45%	62.46%	52.92%
Operating Margin	9.31%	2.12%	19.21%	16.17%	9.50%
Profit Margin	3.95%	-0.56%	16.91%	11.58%	11.08%
Free Cash Flow Margin	8.66%	4.75%	5.60%	15.91%	13.70%
EBITDA	780	256	534	396	161
EBITDA Margin	12.12%	4.99%	20.47%	17.31%	11.08%
D&A For EBITDA	181	147	33	26	23
EBIT	599	109	501	370	138
EBIT Margin	9.31%	2.12%	19.21%	16.17%	9.50%
Effective Tax Rate	39.95%	163.04%	15.52%	33.25%	-
Advertising Expenses	-	144	117	187	101

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.