Forval RealStraight Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '20 Dec 31, 2020	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017	Mar '16 Mar 31, 2016
Revenue	1,779	1,752	1,517	1,281	1,146	925
Revenue Growth (YoY)	4.28%	15.49%	18.42%	11.78%	23.89%	34.84%
Cost of Revenue	884	890	733	593	532	433
Gross Profit	895	862	784	688	614	492
Selling, General & Admin	812	784	716	632	568	460
Operating Expenses	812	784	716	632	568	460
Operating Income	83	78	68	56	46	32
Other Non Operating Income (Expenses)	1	-	1	-	-	-
EBT Excluding Unusual Items	84	78	69	56	46	32
Other Unusual Items	7	18	-	2	-	-
Pretax Income	91	96	69	58	46	32
Income Tax Expense	30	35	-31	-10	-27	-
Net Income	61	61	100	68	73	32
Net Income to Common	61	61	100	68	73	32
Net Income Growth	-44.55%	-39.00%	47.06%	-6.85%	128.13%	100.00%
Shares Outstanding (Basic)	24	23	23	23	23	23
Shares Outstanding (Diluted)	24	23	23	23	23	23
Shares Change (YoY)	0.72%	-0.11%	-0.14%	0.36%	0.06%	6.33%
EPS (Basic)	2.59	2.60	4.27	2.91	3.12	1.37
EPS (Diluted)	2.59	2.60	4.27	2.91	3.12	1.37
EPS Growth	-44.94%	-39.01%	46.95%	-6.87%	127.37%	86.16%
Free Cash Flow	-	23	140	23	81	8
Free Cash Flow Per Share	-	0.98	5.97	0.98	3.46	0.34
Dividend Per Share	1.600	1.600	1.400	1.200	1.000	-
Dividend Growth	14.29%	14.29%	16.67%	20.00%	-	-
Gross Margin	50.31%	49.20%	51.68%	53.71%	53.58%	53.19%
Operating Margin	4.67%	4.45%	4.48%	4.37%	4.01%	3.46%
Profit Margin	3.43%	3.48%	6.59%	5.31%	6.37%	3.46%
Free Cash Flow Margin	-	1.31%	9.23%	1.80%	7.07%	0.86%
EBITDA	85	80	70	57	-	-
EBITDA Margin	4.78%	4.57%	4.61%	4.45%	-	-
D&A For EBITDA	2	2	2	1	-	-
EBIT	83	78	68	56	46	32
EBIT Margin	4.67%	4.45%	4.48%	4.37%	4.01%	3.46%
Effective Tax Rate	32.97%	36.46%	-	-	-	-
Advertising Expenses	-	-	-	-	-	20

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