ProjectHoldings Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017
Revenue	5,486	5,279	6,283	4,352	132.68
Revenue Growth (YoY)	3.91%	-15.98%	44.37%	3180.17%	227.33%
Cost of Revenue	3,507	3,523	3,870	2,511	20.02
Gross Profit	1,978	1,756	2,413	1,841	112.66
Selling, General & Admin	1,822	1,736	1,386	840	-
Other Operating Expenses	-	5	-	-	96.61
Operating Expenses	1,825	1,944	1,556	883	97.2
Operating Income	153.49	-188	857	958	15.46
Interest Expense	-26.01	-23	-13	-3	-0.31
Interest & Investment Income	3.51	-	-	-	-
Other Non Operating Income (Expenses)	13.89	-18	-8	-7	-1.42
EBT Excluding Unusual Items	144.87	-229	836	948	13.73
Gain (Loss) on Sale of Investments	-4.34	389	-	1	-
Gain (Loss) on Sale of Assets	-1.78	-	1	-	-
Asset Writedown	-1.32	-429	-4	-1	-
Legal Settlements	-	-21	-	-	-
Other Unusual Items	0.45	4	1	-	-
Pretax Income	137.88	-286	834	948	13.73
Income Tax Expense	11.24	107	247	272	3.43
Net Income to Company	126.64	-393	587	676	-
Net Income	126.64	-393	587	676	10.3
Net Income to Common	126.64	-393	587	676	10.3
Net Income Growth	-	-	-13.17%	6463.74%	37.41%
Shares Outstanding (Basic)	5	5	6	6	-
Shares Outstanding (Diluted)	5	5	6	6	-
Shares Change (YoY)	-0.88%	-8.66%	-0.46%	-	-
EPS (Basic)	23.73	-72.47	101.64	119.03	-
EPS (Diluted)	23.56	-72.47	99.35	113.48	-
EPS Growth	-	-	-12.45%	-	-
Free Cash Flow	536.3	-731	427	757	-
Free Cash Flow Per Share	99.77	-134.80	71.92	126.93	-
Gross Margin	36.06%	33.26%	38.41%	42.30%	84.91%
Operating Margin	2.80%	-3.56%	13.64%	22.01%	11.65%
Profit Margin	2.31%	-7.45%	9.34%	15.53%	7.76%
Free Cash Flow Margin	9.78%	-13.85%	6.80%	17.39%	-
EBITDA	272.14	46	1,042	1,018	16.05
EBITDA Margin	4.96%	0.87%	16.58%	23.39%	12.09%
D&A For EBITDA	118.64	234	185	60	-
EBIT	153.49	-188	857	958	15.46
EBIT Margin	2.80%	-3.56%	13.64%	22.01%	11.65%
Effective Tax Rate	8.15%	-	29.62%	28.69%	-

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