ProjectHoldings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2017	FY 2016
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Revenue	5,389	5,279	6,283	4,352	132.68	40.53
Revenue Growth (YoY)	-1.73%	-15.98%	44.37%	3180.17%	227.33%	-
Cost of Revenue	3,514	3,523	3,870	2,511	20.02	5.85
Gross Profit	1,875	1,756	2,413	1,841	112.66	34.69
Selling, General & Admin	1,588	1,736	1,386	840	-	-
Other Operating Expenses	5	5	-	-	96.61	24.42
Operating Expenses	1,796	1,944	1,556	883	97.2	24.42
Operating Income	79.27	-188	857	958	15.46	10.26
Interest Expense	-26.48	-23	-13	-3	-0.31	-0.1
Other Non Operating Income (Expenses)	20.9	-18	-8	-7	-1.42	-0.09
EBT Excluding Unusual Items	76.84	-229	836	948	13.73	10.07
Gain (Loss) on Sale of Investments	192.15	389	-	1	-	-
Gain (Loss) on Sale of Assets	-52.36	-	1	-	-	-
Asset Writedown	-423.56	-429	-4	-1	-	-
Legal Settlements	-21	-21	-	-	-	-
Other Unusual Items	25.55	4	1	-	-	-
Pretax Income	-208.28	-286	834	948	13.73	10.07
Income Tax Expense	116.19	107	247	272	3.43	2.58
Net Income to Company	-	-393	587	676	-	-
Net Income	-324.47	-393	587	676	10.3	7.5
Net Income to Common	-324.47	-393	587	676	10.3	7.5
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)	-3.32%	-8.66%	-0.46%	-	-	-
EPS (Basic)	-60.48	-72.47	101.64	119.03	-	-
EPS (Diluted)	-60.48	-72.47	99.35	113.48	-	-
EPS Growth	-	-	-12.45%	-	-	-
Free Cash Flow	-	-731	427	757	-	-
Free Cash Flow Per Share	-	-134.80	71.92	126.93	-	-
Gross Margin	-	33.26%	38.41%	42.30%	84.91%	85.58%
Operating Margin	1.47%	-3.56%	13.64%	22.01%	11.65%	25.32%
Profit Margin	-6.02%	-7.45%	9.34%	15.53%	7.76%	18.49%
Free Cash Flow Margin	-	-13.85%	6.80%	17.39%	-	-
EBITDA	350.02	46	1,042	1,018	16.05	-
EBITDA Margin	-	0.87%	16.58%	23.39%	12.09%	-
D&A For EBITDA	270.75	234	185	60	-	-
EBIT	79.27	-188	857	958	15.46	10.26
EBIT Margin	-	-3.56%	13.64%	22.01%	11.65%	25.32%
Effective Tax Rate	-	-	29.62%	28.69%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.