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
Period Ending	Oct '25 Oct 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
Operating Revenue	1,448	1,192	849	915	673	914
Other Revenue	-	2	3	2	-	-
Revenue	1,448	1,194	852	917	673	914
Revenue Growth (YoY)	33.33%	40.14%	-7.09%	36.26%	-26.37%	47.42%
Cost of Revenue	513	440	430	412	297	359
Gross Profit	935	754	422	505	376	555
Selling, General & Admin	443	412	321	320	302	307
Research & Development	9	9	11	9	18	13
Other Operating Expenses	-	-	-	7	-	-
Operating Expenses	453	422	332	336	320	320
Operating Income	482	332	90	169	56	235
Interest & Investment Income	7	5	4	4	-	-
Other Non Operating Income (Expenses)	-2	-1	-1	2	-1	15
EBT Excluding Unusual Items	487	336	93	175	55	250
Gain (Loss) on Sale of Investments	3	1	-	2	-2	-
Pretax Income	490	337	93	177	53	250
Income Tax Expense	144	93	26	61	16	69
Net Income to Company	-	244	67	116	37	181
Net Income	346	244	67	116	37	181
Net Income to Common	346	244	67	116	37	181
Net Income Growth	54.46%	264.18%	-42.24%	213.51%	-79.56%	722.73%
Shares Outstanding (Basic)	4	1	1	1	1	1
Shares Outstanding (Diluted)	4	1	1	1	1	1
Shares Change (YoY)	150.66%	0.11%	7.12%	0.78%	-	-
EPS (Basic)	98.29	173.75	47.76	88.58	28.47	139.30
EPS (Diluted)	98.29	173.75	47.76	88.58	28.47	139.30
EPS Growth	-38.38%	263.80%	-46.08%	211.09%	-79.56%	722.73%
Free Cash Flow	-	333	-40	261	-170	-
Free Cash Flow Per Share	-	237.13	-28.51	199.31	-130.83	-
Gross Margin	64.57%	63.15%	49.53%	55.07%	55.87%	60.72%
Operating Margin	33.29%	27.81%	10.56%	18.43%	8.32%	25.71%
Profit Margin	23.89%	20.44%	7.86%	12.65%	5.50%	19.80%
Free Cash Flow Margin	-	27.89%	-4.70%	28.46%	-25.26%	-
EBITDA	495.25	343	98	183	64	-
EBITDA Margin	34.20%	28.73%	11.50%	19.96%	9.51%	-
D&A For EBITDA	13.25	11	8	14	8	-
EBIT	482	332	90	169	56	235
EBIT Margin	33.29%	27.81%	10.56%	18.43%	8.32%	25.71%
Effective Tax Rate	29.39%	27.60%	27.96%	34.46%	30.19%	27.60%
Advertising Expenses	-	43	35	32	29	24

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