for Startups Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	4,611	3,693	3,416	2,998	2,348
Revenue Growth (YoY)	26.38%	8.11%	13.94%	27.68%	-
Cost of Revenue	903.5	607	693	541	474
Gross Profit	3,707	3,086	2,723	2,457	1,874
Selling, General & Admin	2,755	2,556	2,238	1,856	1,354
Operating Expenses	2,832	2,633	2,299	1,872	1,386
Operating Income	874.93	453	424	585	488
Interest Expense	-5.51	-4	-	-	-
Interest & Investment Income	1.79	1	6	-	3
Other Non Operating Income (Expenses)	0.2	-2	-3	2	1
EBT Excluding Unusual Items	837.41	448	427	587	492
Asset Writedown	-8	-8	-	-	-
Other Unusual Items	-	-	-31	-	-
Pretax Income	840.16	440	396	587	492
Income Tax Expense	278.53	111	146	170	120
Earnings From Continuing Operations	561.63	329	250	417	372
Minority Interest in Earnings	99.41	24	135	25	10
Net Income	661.04	353	385	442	382
Net Income to Common	661.04	353	385	442	382
Net Income Growth	125.39%	-8.31%	-12.90%	15.71%	-
Shares Outstanding (Basic)	4	7	7	7	7
Shares Outstanding (Diluted)	4	7	7	7	7
Shares Change (YoY)	-38.88%	-2.37%	0.01%	0.15%	-
EPS (Basic)	158.35	49.70	53.82	62.32	55.26
EPS (Diluted)	158.32	49.66	52.91	60.64	55.26
EPS Growth	290.01%	-6.13%	-12.75%	9.75%	-
Free Cash Flow	-	-12	179	-119	557
Free Cash Flow Per Share	-	-1.69	24.54	-16.31	76.47
Gross Margin	80.40%	83.56%	79.71%	81.95%	79.81%
Operating Margin	18.98%	12.27%	12.41%	19.51%	20.78%
Profit Margin	14.34%	9.56%	11.27%	14.74%	16.27%
Free Cash Flow Margin	-	-0.33%	5.24%	-3.97%	23.72%
EBITDA	968.43	530	479	601	520
EBITDA Margin	21.00%	14.35%	14.02%	20.05%	22.15%
D&A For EBITDA	93.5	77	55	16	32
EBIT	874.93	453	424	585	488
EBIT Margin	18.98%	12.27%	12.41%	19.51%	20.78%
Effective Tax Rate	33.15%	25.23%	36.87%	28.96%	24.39%

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