Forval RealStraight Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar '26 Mar 31, 2026	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017
Revenue	4,563	1,752	1,517	1,281	1,146
Revenue Growth	160.44%	15.49%	18.42%	11.78%	23.89%
Cost of Revenue	2,924	890	733	593	532
Gross Profit	1,639	862	784	688	614
Selling, General & Admin	1,500	784	716	632	568
Operating Expenses	1,500	784	716	632	568
Operating Income	139	78	68	56	46
Interest & Investment Income	2	-	-	-	-
Other Non Operating Income (Expenses)	-	-	1	-	-
EBT Excluding Unusual Items	141	78	69	56	46
Gain (Loss) on Sale of Investments	84	-	-	-	-
Other Unusual Items	-	18	-	2	-
Pretax Income	225	96	69	58	46
Income Tax Expense	56	35	-31	-10	-27
Net Income	169	61	100	68	73
Net Income to Common	169	61	100	68	73
Net Income Growth	177.05%	-39.00%	47.06%	-6.85%	128.13%
Shares Outstanding (Basic)	24	23	23	23	23
Shares Outstanding (Diluted)	24	23	23	23	23
Shares Change	3.53%	-0.11%	-0.14%	0.36%	0.06%
EPS (Basic)	6.97	2.60	4.27	2.91	3.12
EPS (Diluted)	6.97	2.60	4.27	2.91	3.12
EPS Growth	167.61%	-39.01%	46.95%	-6.87%	127.37%

Additional Metrics

Fiscal Year	FY 2026	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar '26 Mar 31, 2026	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017
Free Cash Flow	187	23	140	23	81
Free Cash Flow Per Share	7.71	0.98	5.97	0.98	3.46
Dividend Per Share	2.800	1.600	1.400	1.200	1.000
Dividend Growth	75.00%	14.29%	16.67%	20.00%	-
Gross Margin	35.92%	49.20%	51.68%	53.71%	53.58%
Operating Margin	3.05%	4.45%	4.48%	4.37%	4.01%
Profit Margin	3.70%	3.48%	6.59%	5.31%	6.37%
Free Cash Flow Margin	4.10%	1.31%	9.23%	1.80%	7.07%
EBITDA	148	80	70	57	-
EBITDA Margin	3.24%	4.57%	4.61%	4.45%	-
D&A For EBITDA	9	2	2	1	-
EBIT	139	78	68	56	46
EBIT Margin	3.05%	4.45%	4.48%	4.37%	4.01%
Effective Tax Rate	24.89%	36.46%	-	-	-
Advertising Expenses	74	-	-	-	-