TRE Holdings 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
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
Revenue	123,234	118,678	92,860	90,712	68,234
Revenue Growth (YoY)	10.84%	27.80%	2.37%	32.94%	-
Cost of Revenue	82,455	82,434	73,580	72,378	52,285
Gross Profit	40,779	36,244	19,280	18,334	15,949
Selling, General & Admin	13,875	12,695	10,939	10,253	7,812
Amortization of Goodwill & Intangibles	565	565	571	570	476
Operating Expenses	14,608	13,428	11,598	10,899	8,387
Operating Income	26,171	22,816	7,682	7,435	7,562
Interest Expense	-623	-487	-362	-286	-278
Interest & Investment Income	39	18	8	9	8
Earnings From Equity Investments	104	119	179	231	147
Other Non Operating Income (Expenses)	75	19	279	225	107
EBT Excluding Unusual Items	25,766	22,485	7,786	7,614	7,546
Gain (Loss) on Sale of Investments	-	-	58	-	-
Gain (Loss) on Sale of Assets	129	106	138	106	106
Asset Writedown	-3,274	-3,209	-18	-28	-
Other Unusual Items	-260	-189	-1,959	192	9
Pretax Income	22,361	19,193	6,005	7,884	7,661
Income Tax Expense	8,172	6,719	2,169	2,565	2,760
Earnings From Continuing Operations	14,189	12,474	3,836	5,319	4,901
Minority Interest in Earnings	-166	-189	-213	-122	-159
Net Income	14,023	12,285	3,623	5,197	4,742
Net Income to Common	14,023	12,285	3,623	5,197	4,742
Net Income Growth	32.17%	239.08%	-30.29%	9.59%	-
Shares Outstanding (Basic)	48	51	51	51	43
Shares Outstanding (Diluted)	48	51	51	51	43
Shares Change (YoY)	-6.56%	-1.11%	0.01%	19.99%	-
EPS (Basic)	286.69	241.85	70.53	101.19	110.78
EPS (Diluted)	286.69	241.85	70.53	101.19	110.78
EPS Growth	38.16%	242.90%	-30.30%	-8.66%	-
Free Cash Flow	-	7,957	239	3,477	6,622
Free Cash Flow Per Share	-	156.65	4.65	67.70	154.71
Dividend Per Share	45.000	45.000	40.000	40.000	20.000
Dividend Growth	12.50%	12.50%	-	100.00%	-
Gross Margin	-	30.54%	20.76%	20.21%	23.37%
Operating Margin	21.24%	19.23%	8.27%	8.20%	11.08%
Profit Margin	11.38%	10.35%	3.90%	5.73%	6.95%
Free Cash Flow Margin	-	6.71%	0.26%	3.83%	9.71%
EBITDA	36,359	31,409	14,148	13,745	13,054
EBITDA Margin	-	26.47%	15.24%	15.15%	19.13%
D&A For EBITDA	10,188	8,593	6,466	6,310	5,492
EBIT	26,171	22,816	7,682	7,435	7,562
EBIT Margin	-	19.23%	8.27%	8.20%	11.08%
Effective Tax Rate	-	35.01%	36.12%	32.53%	36.03%

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