Microwave Chemical Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	803	1,608	1,863	1,215	860
Revenue Growth (YoY)	-50.06%	-13.69%	53.33%	41.28%	87.77%
Cost of Revenue	582	534	743	352	203
Gross Profit	221	1,074	1,120	863	657
Selling, General & Admin	1,035	421	446	328	269
Research & Development	-	437	504	444	452
Other Operating Expenses	-	29	35	31	24
Operating Expenses	1,035	887	985	803	745
Operating Income	-814	187	135	60	-88
Interest Expense	-18	-7	-7	-7	-13
Currency Exchange Gain (Loss)	-2	-	2	-	-
Other Non Operating Income (Expenses)	3	1	2	-26	2
EBT Excluding Unusual Items	-831	181	132	27	-99
Gain (Loss) on Sale of Investments	-	-	-1,033	-	-5
Gain (Loss) on Sale of Assets	1	3	-	-	-
Asset Writedown	-33	-33	-74	-137	-105
Other Unusual Items	51	12	78	167	101
Pretax Income	-812	163	-897	57	-108
Income Tax Expense	4	2	47	-18	2
Net Income	-816	161	-944	75	-110
Net Income to Common	-816	161	-944	75	-110
Shares Outstanding (Basic)	16	16	15	15	3
Shares Outstanding (Diluted)	16	16	15	16	3
Shares Change (YoY)	-2.41%	5.19%	-3.33%	532.08%	1.20%
EPS (Basic)	-51.42	10.21	-61.06	5.06	-43.48
EPS (Diluted)	-51.42	9.90	-61.06	4.69	-43.48
Free Cash Flow	-	-191	-70	185	-333
Free Cash Flow Per Share	-	-11.74	-4.53	11.57	-131.62
Gross Margin	27.52%	66.79%	60.12%	71.03%	76.39%
Operating Margin	-101.37%	11.63%	7.25%	4.94%	-10.23%
Profit Margin	-101.62%	10.01%	-50.67%	6.17%	-12.79%
Free Cash Flow Margin	-	-11.88%	-3.76%	15.23%	-38.72%
EBITDA	-712	289	215	134	-18
EBITDA Margin	-88.67%	17.97%	11.54%	11.03%	-2.09%
D&A For EBITDA	102	102	80	74	70
EBIT	-814	187	135	60	-88
EBIT Margin	-101.37%	11.63%	7.25%	4.94%	-10.23%
Effective Tax Rate	-	1.23%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.