Microwave Chemical 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	2020
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	2020
Revenue	1,623	1,608	1,863	1,215	860	458	Upgrade
Revenue Growth (YoY)	-16.77%	-13.69%	53.33%	41.28%	87.77%	-56.46%	Upgrade
Cost of Revenue	834	534	743	352	203	219	Upgrade
Gross Profit	789	1,074	1,120	863	657	239	Upgrade
Selling, General & Admin	512	421	446	328	269	586	Upgrade
Research & Development	437	437	504	444	452	-	Upgrade
Other Operating Expenses	29	29	35	31	24	-	Upgrade
Operating Expenses	978	887	985	803	745	586	Upgrade
Operating Income	-189	187	135	60	-88	-347	Upgrade
Interest Expense	-12	-7	-7	-7	-13	-11	Upgrade
Interest & Investment Income	-	-	-	-	-	3	Upgrade
Currency Exchange Gain (Loss)	-	-	2	-	-	-	Upgrade
Other Non Operating Income (Expenses)	1	1	2	-26	2	-1	Upgrade
EBT Excluding Unusual Items	-200	181	132	27	-99	-356	Upgrade
Gain (Loss) on Sale of Investments	-	-	-1,033	-	-5	-683	Upgrade
Gain (Loss) on Sale of Assets	4	3	-	-	-	-11	Upgrade
Asset Writedown	-33	-33	-74	-137	-105	-	Upgrade
Other Unusual Items	12	12	78	167	101	16	Upgrade
Pretax Income	-217	163	-897	57	-108	-1,034	Upgrade
Income Tax Expense	2	2	47	-18	2	2	Upgrade
Net Income	-219	161	-944	75	-110	-1,036	Upgrade
Net Income to Common	-219	161	-944	75	-110	-1,036	Upgrade
Shares Outstanding (Basic)	16	16	15	15	3	3	Upgrade
Shares Outstanding (Diluted)	16	16	15	16	3	3	Upgrade
Shares Change (YoY)	1.44%	5.19%	-3.33%	532.08%	1.20%	-	Upgrade
EPS (Basic)	-13.82	10.21	-61.06	5.06	-43.48	-414.40	Upgrade
EPS (Diluted)	-13.82	9.90	-61.06	4.69	-43.48	-414.40	Upgrade
Free Cash Flow	-255	-191	-70	185	-333	-	Upgrade
Free Cash Flow Per Share	-16.09	-11.74	-4.53	11.57	-131.62	-	Upgrade
Gross Margin	48.61%	66.79%	60.12%	71.03%	76.39%	52.18%	Upgrade
Operating Margin	-11.64%	11.63%	7.25%	4.94%	-10.23%	-75.76%	Upgrade
Profit Margin	-13.49%	10.01%	-50.67%	6.17%	-12.79%	-226.20%	Upgrade
Free Cash Flow Margin	-15.71%	-11.88%	-3.76%	15.23%	-38.72%	-	Upgrade
EBITDA	-85	289	215	134	-18	-	Upgrade
EBITDA Margin	-5.24%	17.97%	11.54%	11.03%	-2.09%	-	Upgrade
D&A For EBITDA	104	102	80	74	70	-	Upgrade
EBIT	-189	187	135	60	-88	-347	Upgrade
EBIT Margin	-11.64%	11.63%	7.25%	4.94%	-10.23%	-75.76%	Upgrade
Effective Tax Rate	-	1.23%	-	-	-	-	Upgrade

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