Visual Processing Japan Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,374	1,208	1,056	911
Revenue Growth (YoY)	13.74%	14.39%	15.92%	-
Cost of Revenue	522	496	432	317
Gross Profit	852	712	624	594
Selling, General & Admin	591	519	484	483
Operating Expenses	591	528	484	483
Operating Income	261	184	140	111
Interest & Investment Income	1	-	-	-
Currency Exchange Gain (Loss)	-	1	-	2
Other Non Operating Income (Expenses)	-15	-1	-	30
EBT Excluding Unusual Items	247	184	140	143
Gain (Loss) on Sale of Investments	-	2	-	-26
Asset Writedown	-	-	-	-13
Other Unusual Items	-	-	-	-2
Pretax Income	247	186	140	102
Income Tax Expense	71	64	50	28
Net Income	176	122	90	74
Net Income to Common	176	122	90	74
Net Income Growth	44.26%	35.56%	21.62%	-
Shares Outstanding (Basic)	2	1	1	1
Shares Outstanding (Diluted)	2	1	1	1
Shares Change (YoY)	14.47%	-	-	-
EPS (Basic)	109.82	87.14	64.29	52.86
EPS (Diluted)	109.82	87.14	64.29	52.86
EPS Growth	26.02%	35.56%	21.62%	-
Free Cash Flow	274	109	-	-
Free Cash Flow Per Share	170.97	77.86	-	-
Gross Margin	62.01%	58.94%	59.09%	65.20%
Operating Margin	19.00%	15.23%	13.26%	12.18%
Profit Margin	12.81%	10.10%	8.52%	8.12%
Free Cash Flow Margin	19.94%	9.02%	-	-
EBITDA	303	228	-	-
EBITDA Margin	22.05%	18.87%	-	-
D&A For EBITDA	42	44	-	-
EBIT	261	184	140	111
EBIT Margin	19.00%	15.23%	13.26%	12.18%
Effective Tax Rate	28.74%	34.41%	35.71%	27.45%

Source: S&P Capital IQ. Standard template. Financial Sources.