TYO:9218 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 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	6,137	5,134	2,608	2,288	1,453	947	Upgrade
Revenue Growth (YoY)	41.18%	96.86%	13.99%	57.47%	53.43%	46.59%	Upgrade
Cost of Revenue	4,074	3,295	1,162	859	684	495	Upgrade
Gross Profit	2,063	1,839	1,446	1,429	769	452	Upgrade
Selling, General & Admin	1,442	1,653	914	1,030	608	597	Upgrade
Amortization of Goodwill & Intangibles	77	77	9	-	-	-	Upgrade
Operating Expenses	1,519	1,730	945	1,059	631	597	Upgrade
Operating Income	544	109	501	370	138	-145	Upgrade
Interest Expense	-40	-31	-3	-2	-2	-2	Upgrade
Other Non Operating Income (Expenses)	-4	-39	-2	-23	-	-1	Upgrade
EBT Excluding Unusual Items	502	39	496	345	136	-148	Upgrade
Asset Writedown	-	-1	-	-	-	-	Upgrade
Other Unusual Items	10	8	26	52	-	-	Upgrade
Pretax Income	512	46	522	397	136	-148	Upgrade
Income Tax Expense	130	75	81	132	-25	1	Upgrade
Net Income	382	-29	441	265	161	-149	Upgrade
Net Income to Common	382	-29	441	265	161	-149	Upgrade
Net Income Growth	2628.57%	-	66.42%	64.60%	-	-	Upgrade
Shares Outstanding (Basic)	10	10	10	10	9	9	Upgrade
Shares Outstanding (Diluted)	10	10	11	11	9	9	Upgrade
Shares Change (YoY)	2.41%	-3.58%	0.11%	18.14%	2.12%	6.02%	Upgrade
EPS (Basic)	36.87	-2.85	44.25	27.18	18.02	-17.03	Upgrade
EPS (Diluted)	36.41	-2.85	41.78	25.13	18.02	-17.03	Upgrade
EPS Growth	2553.49%	-	66.25%	39.42%	-	-	Upgrade
Free Cash Flow	-	244	146	364	199	-	Upgrade
Free Cash Flow Per Share	-	23.95	13.82	34.49	22.28	-	Upgrade
Gross Margin	33.62%	35.82%	55.45%	62.46%	52.92%	47.73%	Upgrade
Operating Margin	8.86%	2.12%	19.21%	16.17%	9.50%	-15.31%	Upgrade
Profit Margin	6.22%	-0.56%	16.91%	11.58%	11.08%	-15.73%	Upgrade
Free Cash Flow Margin	-	4.75%	5.60%	15.91%	13.70%	-	Upgrade
EBITDA	776.5	256	534	396	161	-	Upgrade
EBITDA Margin	12.65%	4.99%	20.47%	17.31%	11.08%	-	Upgrade
D&A For EBITDA	232.5	147	33	26	23	-	Upgrade
EBIT	544	109	501	370	138	-145	Upgrade
EBIT Margin	8.86%	2.12%	19.21%	16.17%	9.50%	-15.31%	Upgrade
Effective Tax Rate	25.39%	163.04%	15.52%	33.25%	-	-	Upgrade
Advertising Expenses	-	144	117	187	101	-	Upgrade

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