Japan Ecosystem Income Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	11,921	11,261	9,301	7,577	7,220	6,985
Revenue Growth (YoY)	17.29%	21.07%	22.75%	4.95%	3.36%	14.10%
Cost of Revenue	8,729	8,284	6,740	5,374	5,158	5,061
Gross Profit	3,191	2,977	2,561	2,203	2,062	1,924
Selling, General & Admin	2,604	2,540	1,797	1,567	1,263	1,154
Operating Expenses	2,604	2,540	1,797	1,567	1,263	1,154
Operating Income	587.48	437	764	636	799	770
Interest Expense	-38.93	-32	-10	-8	-8	-14
Interest & Investment Income	6	6	3	9	2	-
Other Non Operating Income (Expenses)	29.63	42	35	35	63	44
EBT Excluding Unusual Items	584.18	453	792	672	856	800
Gain (Loss) on Sale of Investments	193	155	10	223	-23	-
Gain (Loss) on Sale of Assets	31.15	221	42	406	-	-
Asset Writedown	-70	-70	-6	-22	-178	-
Other Unusual Items	-125	-	-	-4	-1	-
Pretax Income	608.32	759	838	1,275	654	800
Income Tax Expense	437.94	441	197	378	241	215
Earnings From Continuing Operations	170.38	318	641	897	413	585
Net Income to Company	-	318	641	897	413	585
Minority Interest in Earnings	-17.05	-17	-19	-23	-5	-14
Net Income	153.33	301	622	874	408	571
Net Income to Common	153.33	301	622	874	408	571
Net Income Growth	-82.56%	-51.61%	-28.83%	114.22%	-28.55%	152.66%
Shares Outstanding (Basic)	9	9	8	8	8	6
Shares Outstanding (Diluted)	9	9	9	8	8	6
Shares Change (YoY)	1.13%	2.48%	4.65%	0.89%	35.64%	-
EPS (Basic)	17.61	34.60	73.98	108.06	51.05	95.17
EPS (Diluted)	17.57	34.30	72.50	106.52	50.14	95.17
EPS Growth	-82.55%	-52.69%	-31.94%	112.44%	-47.31%	152.66%
Free Cash Flow	-	-2,706	-1,315	342	412	1,278
Free Cash Flow Per Share	-	-307.31	-153.04	41.65	50.63	213.00
Dividend Per Share	17.660	17.660	17.333	17.000	13.333	-
Dividend Growth	1.88%	1.88%	1.96%	27.50%	-	-
Gross Margin	26.77%	26.44%	27.53%	29.07%	28.56%	27.54%
Operating Margin	4.93%	3.88%	8.21%	8.39%	11.07%	11.02%
Profit Margin	1.29%	2.67%	6.69%	11.54%	5.65%	8.18%
Free Cash Flow Margin	-	-24.03%	-14.14%	4.51%	5.71%	18.30%
EBITDA	1,188	984	1,095	958	1,168	1,141
EBITDA Margin	9.97%	8.74%	11.77%	12.64%	16.18%	16.34%
D&A For EBITDA	601	547	331	322	369	371
EBIT	587.48	437	764	636	799	770
EBIT Margin	4.93%	3.88%	8.21%	8.39%	11.07%	11.02%
Effective Tax Rate	71.99%	58.10%	23.51%	29.65%	36.85%	26.88%

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