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
Period Ending	Dec '25 Dec 31, 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
Revenue	1,487	1,608	1,863	1,215	860	458
Revenue Growth (YoY)	17.09%	-13.69%	53.33%	41.28%	87.77%	-56.46%
Cost of Revenue	844	534	743	352	203	219
Gross Profit	643	1,074	1,120	863	657	239
Selling, General & Admin	421	421	446	328	269	586
Research & Development	437	437	504	444	452	-
Other Operating Expenses	134	29	35	31	24	-
Operating Expenses	992	887	985	803	745	586
Operating Income	-349	187	135	60	-88	-347
Interest Expense	-7	-7	-7	-7	-13	-11
Interest & Investment Income	-	-	-	-	-	3
Currency Exchange Gain (Loss)	-	-	2	-	-	-
Other Non Operating Income (Expenses)	-11	1	2	-26	2	-1
EBT Excluding Unusual Items	-367	181	132	27	-99	-356
Gain (Loss) on Sale of Investments	-	-	-1,033	-	-5	-683
Gain (Loss) on Sale of Assets	3	3	-	-	-	-11
Asset Writedown	-33	-33	-74	-137	-105	-
Other Unusual Items	12	12	78	167	101	16
Pretax Income	-385	163	-897	57	-108	-1,034
Income Tax Expense	3	2	47	-18	2	2
Net Income	-388	161	-944	75	-110	-1,036
Net Income to Common	-388	161	-944	75	-110	-1,036
Shares Outstanding (Basic)	-	16	15	15	3	3
Shares Outstanding (Diluted)	-	16	15	16	3	3
Shares Change (YoY)	-	5.19%	-3.33%	532.08%	1.20%	-
EPS (Basic)	-	10.21	-61.06	5.06	-43.48	-414.40
EPS (Diluted)	-	9.90	-61.06	4.69	-43.48	-414.40
Free Cash Flow	-	-191	-70	185	-333	-
Free Cash Flow Per Share	-	-11.74	-4.53	11.57	-131.62	-
Gross Margin	43.24%	66.79%	60.12%	71.03%	76.39%	52.18%
Operating Margin	-23.47%	11.63%	7.25%	4.94%	-10.23%	-75.76%
Profit Margin	-26.09%	10.01%	-50.67%	6.17%	-12.79%	-226.20%
Free Cash Flow Margin	-	-11.88%	-3.76%	15.23%	-38.72%	-
EBITDA	-230.5	289	215	134	-18	-
EBITDA Margin	-15.50%	17.97%	11.54%	11.03%	-2.09%	-
D&A For EBITDA	118.5	102	80	74	70	-
EBIT	-349	187	135	60	-88	-347
EBIT Margin	-23.47%	11.63%	7.25%	4.94%	-10.23%	-75.76%
Effective Tax Rate	-	1.23%	-	-	-	-

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