Sunwels 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	26,937	26,496	20,107	13,236	8,174	5,404
Revenue Growth (YoY)	3.75%	31.77%	51.91%	61.93%	51.26%	23.41%
Cost of Revenue	24,661	21,581	14,938	9,971	6,314	4,028
Gross Profit	2,276	4,915	5,169	3,265	1,860	1,376
Selling, General & Admin	4,087	3,274	2,567	2,038	1,420	1,054
Other Operating Expenses	-	504	343	247	167	-
Operating Expenses	4,087	3,800	2,931	2,311	1,615	1,054
Operating Income	-1,811	1,115	2,238	954	245	322
Interest Expense	-1,088	-814	-635	-372	-160	-46
Interest & Investment Income	7	3	-	-	-	-
Other Non Operating Income (Expenses)	176	84	81	77	17	40
EBT Excluding Unusual Items	-2,716	388	1,684	659	102	316
Gain (Loss) on Sale of Assets	1	-	-	-	-	-
Asset Writedown	-7	-3	-	-6	-2	-
Other Unusual Items	-59	-701	-17	-	-	15
Pretax Income	-2,779	-316	1,667	653	100	331
Income Tax Expense	78	609	888	350	90	90
Net Income to Company	-	-925	779	303	10	241
Net Income	-2,857	-925	779	303	10	241
Net Income to Common	-2,857	-925	779	303	10	241
Net Income Growth	-	-	157.10%	2930.00%	-95.85%	62.84%
Shares Outstanding (Basic)	32	32	30	9	8	8
Shares Outstanding (Diluted)	32	32	30	9	8	8
Shares Change (YoY)	3.58%	4.64%	223.84%	21.21%	-	-
EPS (Basic)	-88.10	-29.10	25.83	32.30	1.29	31.14
EPS (Diluted)	-88.10	-29.10	25.64	32.30	1.29	31.14
EPS Growth	-	-	-20.61%	2399.77%	-95.85%	62.84%
Free Cash Flow	-	-2,324	-2,932	-741	-74	-
Free Cash Flow Per Share	-	-73.10	-96.50	-78.98	-9.56	-
Gross Margin	8.45%	18.55%	25.71%	24.67%	22.75%	25.46%
Operating Margin	-6.72%	4.21%	11.13%	7.21%	3.00%	5.96%
Profit Margin	-10.61%	-3.49%	3.87%	2.29%	0.12%	4.46%
Free Cash Flow Margin	-	-8.77%	-14.58%	-5.60%	-0.91%	-
EBITDA	-375	2,499	3,035	1,447	556	-
EBITDA Margin	-1.39%	9.43%	15.09%	10.93%	6.80%	-
D&A For EBITDA	1,436	1,384	797	493	311	-
EBIT	-1,811	1,115	2,238	954	245	322
EBIT Margin	-6.72%	4.21%	11.13%	7.21%	3.00%	5.96%
Effective Tax Rate	-	-	53.27%	53.60%	90.00%	27.19%

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