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	Jul '26 Jul 31, 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	890	654	602	752	434	342
Revenue Growth	36.92%	8.64%	-19.95%	73.27%	26.90%	-
Cost of Revenue	528	471	418	401	214	176
Gross Profit	362	183	184	351	220	166
Selling, General & Admin	220	237	198	174	158	127
Operating Expenses	222	239	199	175	158	127
Operating Income	140	-56	-15	176	62	39
Other Non Operating Income (Expenses)	13	2	1	-8	-2	8
EBT Excluding Unusual Items	153	-54	-14	168	60	47
Asset Writedown	-11	-11	-	-	-	-
Pretax Income	142	-65	-14	168	60	47
Income Tax Expense	69	20	-3	43	17	16
Net Income	73	-85	-11	125	43	31
Net Income to Common	73	-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	-1.80%	1.37%	14.28%	8.25%	0.89%	-
EPS (Basic)	49.37	-56.58	-7.42	104.00	35.89	26.11
EPS (Diluted)	49.28	-56.58	-7.42	96.39	35.89	26.11
EPS Growth	-	-	-	168.55%	37.49%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 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
Free Cash Flow	-	5	-119	198	-	-
Free Cash Flow Per Share	-	3.33	-80.30	152.68	-	-
Gross Margin	40.67%	27.98%	30.56%	46.68%	50.69%	48.54%
Operating Margin	15.73%	-8.56%	-2.49%	23.40%	14.29%	11.40%
Profit Margin	8.20%	-13.00%	-1.83%	16.62%	9.91%	9.06%
Free Cash Flow Margin	-	0.77%	-19.77%	26.33%	-	-
EBITDA	142	-54	-13	178	-	-
EBITDA Margin	15.96%	-8.26%	-2.16%	23.67%	-	-
D&A For EBITDA	2	2	2	2	-	-
EBIT	140	-56	-15	176	62	39
EBIT Margin	15.73%	-8.56%	-2.49%	23.40%	14.29%	11.40%
Effective Tax Rate	48.59%	-	-	25.60%	28.33%	34.04%