Japan M&A Solution Income Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	807	654	602	752	434	342
Revenue Growth (YoY)	20.63%	8.64%	-19.95%	73.27%	26.90%	-
Cost of Revenue	480	471	418	401	214	176
Gross Profit	327	183	184	351	220	166
Selling, General & Admin	222	237	198	174	158	127
Operating Expenses	224	239	199	175	158	127
Operating Income	103	-56	-15	176	62	39
Other Non Operating Income (Expenses)	13	2	1	-8	-2	8
EBT Excluding Unusual Items	116	-54	-14	168	60	47
Asset Writedown	-11	-11	-	-	-	-
Pretax Income	105	-65	-14	168	60	47
Income Tax Expense	55	20	-3	43	17	16
Net Income	50	-85	-11	125	43	31
Net Income to Common	50	-85	-11	125	43	31
Net Income Growth	-	-	-	190.70%	38.71%	-
Shares Outstanding (Basic)	1	2	1	1	1	1
Shares Outstanding (Diluted)	1	2	1	1	1	1
Shares Change (YoY)	-1.14%	1.37%	14.28%	8.25%	0.89%	-
EPS (Basic)	33.67	-56.58	-7.42	104.00	35.89	26.11
EPS (Diluted)	33.55	-56.58	-7.42	96.39	35.89	26.11
EPS Growth	-	-	-	168.55%	37.49%	-
Free Cash Flow	94	5	-119	198	-	-
Free Cash Flow Per Share	63.08	3.33	-80.30	152.68	-	-
Gross Margin	40.52%	27.98%	30.56%	46.68%	50.69%	48.54%
Operating Margin	12.76%	-8.56%	-2.49%	23.40%	14.29%	11.40%
Profit Margin	6.20%	-13.00%	-1.83%	16.62%	9.91%	9.06%
Free Cash Flow Margin	11.65%	0.77%	-19.77%	26.33%	-	-
EBITDA	105	-54	-13	178	-	-
EBITDA Margin	13.01%	-8.26%	-2.16%	23.67%	-	-
D&A For EBITDA	2	2	2	2	-	-
EBIT	103	-56	-15	176	62	39
EBIT Margin	12.76%	-8.56%	-2.49%	23.40%	14.29%	11.40%
Effective Tax Rate	52.38%	-	-	25.60%	28.33%	34.04%