| JPY billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 524.4 | 691.0 | 176.9 | 224.0 | 383.3 | 480.2 | +25.3% | |
| Cost of revenue | 505.4 | 666.0 | 171.6 | 217.1 | 372.5 | 467.2 | +25.4% | |
| Gross profit | 19.0 | 25.0 | 5.3 | 7.0 | 10.8 | 13.1 | +21.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.7 | 10.4 | 5.5 | 3.7 | 10.9 | 14.1 | +28.5% | |
| Selling & marketing | 4.1 | 5.6 | 1.3 | 0.7 | 1.9 | 1.6 | −15.3% | |
| Operating expenses | 5.3 | 11.1 | 6.0 | 8.0 | 8.3 | 14.5 | +74.9% | |
| Operating income | 13.7 | 13.8 | (0.7) | (1.0) | 2.5 | (1.4) | −156.7% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | +360.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +150.0% | |
| Other income / expense | (0.0) | 0.1 | (0.1) | 3.8 | (15.9) | 0.5 | +103.4% | |
| Pre-tax income | 13.7 | 13.9 | (0.8) | 2.8 | (13.4) | (0.9) | +93.5% | |
| Income tax | 3.4 | 4.1 | (0.3) | 0.9 | 1.0 | 1.0 | −3.3% | |
| Net income | 10.2 | 9.8 | (0.6) | 2.0 | (14.4) | (1.8) | +87.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 80.81 | 324.19 | (18.50) | 195.18 | (110.64) | (13.52) | +87.8% | |
| EPS, diluted (per share) | 80.81 | 324.19 | (18.50) | 195.18 | (110.64) | (13.52) | +87.8% | |
| EBITDA | 14.1 | 14.4 | (0.4) | 3.5 | (12.6) | 0.1 | +100.5% | |
| Depreciation & amortization | 0.4 | 0.4 | 0.5 | 0.7 | 0.7 | 0.8 | +6.3% | |
| Weighted average shares (shares) | 126,784,000 | 30,214,000 | 30,214,000 | 10,078,000 | 129,703,000 | 135,909,000 | +4.8% | |
| Weighted average diluted shares (shares) | 126,784,000 | 30,214,000 | 30,214,000 | 10,078,000 | 129,703,000 | 135,909,000 | +4.8% | |
| Gross margin | 3.6% | 3.6% | 3.0% | 3.1% | 2.8% | 2.7% | −0.1 pts | |
| Operating margin | 2.6% | 2.0% | −0.4% | −0.4% | 0.7% | −0.3% | −0.9 pts | |
| Net margin | 2.0% | 1.4% | −0.3% | 0.9% | −3.7% | −0.4% | +3.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in JPY; the shares trade in USD.
