Upcon Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021	2016 - 2020
Operating Revenue	1,266	1,192	849	915	673	914	Upgrade
Other Revenue	-	2	3	2	-	-	Upgrade
Revenue	1,266	1,194	852	917	673	914	Upgrade
Revenue Growth (YoY)	31.19%	40.14%	-7.09%	36.26%	-26.37%	47.42%	Upgrade
Cost of Revenue	433	440	430	412	297	359	Upgrade
Gross Profit	833	754	422	505	376	555	Upgrade
Selling, General & Admin	434	412	321	320	302	307	Upgrade
Research & Development	9	9	11	9	18	13	Upgrade
Other Operating Expenses	-	-	-	7	-	-	Upgrade
Operating Expenses	444	422	332	336	320	320	Upgrade
Operating Income	389	332	90	169	56	235	Upgrade
Interest & Investment Income	6	5	4	4	-	-	Upgrade
Other Non Operating Income (Expenses)	-2	-1	-1	2	-1	15	Upgrade
EBT Excluding Unusual Items	393	336	93	175	55	250	Upgrade
Gain (Loss) on Sale of Investments	1	1	-	2	-2	-	Upgrade
Pretax Income	394	337	93	177	53	250	Upgrade
Income Tax Expense	99	93	26	61	16	69	Upgrade
Net Income to Company	-	244	67	116	37	181	Upgrade
Net Income	295	244	67	116	37	181	Upgrade
Net Income to Common	295	244	67	116	37	181	Upgrade
Net Income Growth	86.71%	264.18%	-42.24%	213.51%	-79.56%	722.73%	Upgrade
Shares Outstanding (Basic)	1	1	1	1	1	1	Upgrade
Shares Outstanding (Diluted)	1	1	1	1	1	1	Upgrade
Shares Change (YoY)	0.08%	0.11%	7.12%	0.78%	-	-	Upgrade
EPS (Basic)	209.91	173.75	47.76	88.58	28.47	139.30	Upgrade
EPS (Diluted)	209.91	173.75	47.76	88.58	28.47	139.30	Upgrade
EPS Growth	86.57%	263.80%	-46.08%	211.09%	-79.56%	722.73%	Upgrade
Free Cash Flow	274	333	-40	261	-170	-	Upgrade
Free Cash Flow Per Share	194.96	237.13	-28.51	199.31	-130.83	-	Upgrade
Gross Margin	65.80%	63.15%	49.53%	55.07%	55.87%	60.72%	Upgrade
Operating Margin	30.73%	27.81%	10.56%	18.43%	8.32%	25.71%	Upgrade
Profit Margin	23.30%	20.44%	7.86%	12.65%	5.50%	19.80%	Upgrade
Free Cash Flow Margin	21.64%	27.89%	-4.70%	28.46%	-25.26%	-	Upgrade
EBITDA	399	343	98	183	64	-	Upgrade
EBITDA Margin	31.52%	28.73%	11.50%	19.96%	9.51%	-	Upgrade
D&A For EBITDA	10	11	8	14	8	-	Upgrade
EBIT	389	332	90	169	56	235	Upgrade
EBIT Margin	30.73%	27.81%	10.56%	18.43%	8.32%	25.71%	Upgrade
Effective Tax Rate	25.13%	27.60%	27.96%	34.46%	30.19%	27.60%	Upgrade
Advertising Expenses	-	43	35	32	29	24	Upgrade

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