Income Statement note inc.

Stocks

5243

JP3759300001

Internet Services

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-06-18 EDT			5-day change	1st Jan Change
1,881.00 ^JPY	+3.29%		+12.23%	+15.26%

04-23	Japan Stocks Close Lower After Nikkei Briefly Tops 60,000	MT
04-22	Note Founder Trims Stake Ahead of Prime Market Push	MT

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Published financial data: NOTE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2024	2025
Revenues	3.31B	4.14B
Total Revenues	3.31B	4.14B
Cost of Goods Sold, Total	202M	265M
Gross Profit	3.11B	3.88B
Selling General & Admin Expenses, Total	3.06B	3.62B
Other Operating Expenses, Total	3.06B	3.62B
Operating Income	53M	256M
Interest Expense, Total	-	-7M
Interest And Investment Income	-	2M
Net Interest Expenses	-	-5M
Currency Exchange Gains (Loss)	-10M	-2M
Other Non Operating Income (Expenses)	33M	14M
EBT, Excl. Unusual Items	76M	263M
EBT, Incl. Unusual Items	76M	263M
Income Tax Expense	-22M	-177M
Earnings From Continuing Operations	98M	440M
Net Income to Company	98M	440M
Net Income - (IS)	98M	440M
Net Income to Common Incl Extra Items	98M	440M
Net Income to Common Excl. Extra Items	98M	440M
Per Share Items
Net EPS - Basic	6.38	26.79
Basic EPS - Continuing Operations	6.38	26.79
Basic Weighted Average Shares Outstanding	15.36M	16.42M
Net EPS - Diluted	6.34	25.77
Diluted EPS - Continuing Operations	6.34	25.77
Diluted Weighted Average Shares Outstanding	15.61M	17.1M
Normalized Basic EPS	3.09	10.01
Normalized Diluted EPS	3.04	9.61
Supplemental Items
EBITDA	62M	262M
EBITA	53M	256M
EBIT	53M	256M
Effective Tax Rate - (Ratio)	-28.95	-67.3
Normalized Net Income	47.5M	164M

Fiscal Period: November	2024	2025
Assets
Cash And Equivalents	2.15B	3.04B
Total Cash And Short Term Investments	2.15B	3.04B
Accounts Receivable, Total	195M	268M
Other Receivables	1.21B	1.63B
Total Receivables	1.4B	1.9B
Inventory	1M	2M
Other Current Assets, Total	112M	152M
Total Current Assets	3.67B	5.1B
Net Property Plant And Equipment	10M	3M
Long-term Investments	61M	849M
Deferred Tax Assets Long-Term	26M	193M
Other Long-Term Assets, Total	1M	1M
Total Assets	3.77B	6.14B
Liabilities
Accounts Payable, Total	3M	5M
Current Portion of Long-Term Debt	80M	70M
Current Income Taxes Payable	3M	2M
Other Current Liabilities	1.96B	2.58B
Total Current Liabilities	2.05B	2.65B
Long-Term Debt	-	612M
Other Non Current Liabilities	2M	2M
Total Liabilities	2.05B	3.27B
Common Stock, Total	30M	84M
Additional Paid In Capital	1.99B	2.28B
Retained Earnings	-315M	431M
Comprehensive Income and Other	19M	84M
Total Common Equity	1.72B	2.88B
Total Equity	1.72B	2.88B
Total Liabilities And Equity	3.77B	6.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	16.38M	18.25M
ECS Total Common Shares Outstanding	15.39M	16.75M
Book Value / Share	111.82	171.78
Tangible Book Value	1.72B	2.88B
Tangible Book Value Per Share	111.82	171.78
Total Debt	80M	682M
Net Debt	-2.07B	-2.36B
Inventories - Finished Goods, Total	-	1M
Inventories - Others	1M	1M
Full Time Employees	151	158

Fiscal Period: November	2024	2025
Net Income	76M	262M
Depreciation & Amortization - CF	9M	6M
Depreciation & Amortization, Total	9M	6M
Other Operating Activities, Total	-3M	-4M
Change In Accounts Receivable	-18M	-72M
Change In Inventories	-1M	-
Change In Accounts Payable	2M	1M
Change in Other Net Operating Assets	160M	200M
Cash from Operations	225M	393M
Capital Expenditure	-1M	-
Sale of Property, Plant, and Equipment	1M	-
Investment in Marketable and Equity Securities, Total	-	-728M
Other Investing Activities, Total	-9M	-19M
Cash from Investing	-9M	-747M
Long-Term Debt Issued, Total	-	700M
Total Debt Issued	-	700M
Long-Term Debt Repaid, Total	-80M	-98M
Total Debt Repaid	-80M	-98M
Issuance of Common Stock	41M	642M
Other Financing Activities, Total	1M	-
Cash from Financing	-38M	1.24B
Miscellaneous Cash Flow Adjustments	-1M	-
Net Change in Cash	177M	890M
Supplemental Items
Cash Interest Paid	-	7M
Cash Income Tax Paid (Refund)	2M	4M
Levered Free Cash Flow	153M	243M
Unlevered Free Cash Flow	153M	247M
Change In Net Working Capital	-112M	-81M
Net Debt Issued / Repaid	-80M	602M

Fiscal Period: November	2024	2025
Profitability
Return on Assets	0.94	3.23
Return on Total Capital	1.88	5.97
Return On Equity %	5.97	19.14
Return on Common Equity	5.97	19.14
Margin Analysis
Gross Profit Margin %	93.9	93.6
SG&A Margin	92.3	87.42
EBITDA Margin %	1.87	6.33
EBITA Margin %	1.6	6.18
EBIT Margin %	1.6	6.18
Income From Continuing Operations Margin %	2.96	10.63
Net Income Margin %	2.96	10.63
Net Avail. For Common Margin %	2.96	10.63
Normalized Net Income Margin	1.43	3.97
Levered Free Cash Flow Margin	4.62	5.86
Unlevered Free Cash Flow Margin	4.62	5.96
Asset Turnover
Asset Turnover	0.94	0.84
Fixed Assets Turnover	233.77	637.08
Receivables Turnover (Average Receivables)	17.78	17.89
Inventory Turnover (Average Inventory)	314.64	176.67
Short Term Liquidity
Current Ratio	1.79	1.92
Quick Ratio	1.74	1.86
Operating Cash Flow to Current Liabilities	0.11	0.15
Days Sales Outstanding (Average Receivables)	20.59	20.4
Days Outstanding Inventory (Average Inventory)	1.16	2.07
Average Days Payable Outstanding	3.55	5.49
Cash Conversion Cycle (Average Days)	18.2	16.98
Long Term Solvency
Total Debt/Equity	4.65	23.71
Total Debt / Total Capital	4.44	19.16
LT Debt/Equity	-	21.27
Long-Term Debt / Total Capital	-	17.2
Total Liabilities / Total Assets	54.34	53.18
EBIT / Interest Expense	-	36.57
EBITDA / Interest Expense	-	37.43
(EBITDA - Capex) / Interest Expense	-	37.43
Total Debt / EBITDA	1.29	2.6
Net Debt / EBITDA	-33.45	-9.02
Total Debt / (EBITDA - Capex)	1.31	2.6
Net Debt / (EBITDA - Capex)	-34	-9.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.26	25.03
Gross Profit, 1 Yr. Growth %	21.14	24.63
EBITDA, 1 Yr. Growth %	-116.87	322.58
EBITA, 1 Yr. Growth %	-113.94	383.02
EBIT, 1 Yr. Growth %	-113.94	383.02
Earnings From Cont. Operations, 1 Yr. Growth %	-123.62	348.98
Net Income, 1 Yr. Growth %	-123.62	348.98
Normalized Net Income, 1 Yr. Growth %	-119.43	246.05
Diluted EPS Before Extra, 1 Yr. Growth %	-123.06	306.47
Accounts Receivable, 1 Yr. Growth %	9.81	37.44
Inventory, 1 Yr. Growth %	252.11	100
Net Property, Plant and Equip., 1 Yr. Growth %	-45.46	-70
Total Assets, 1 Yr. Growth %	13.77	63.04
Tangible Book Value, 1 Yr. Growth %	10.19	67.17
Common Equity, 1 Yr. Growth %	10.19	67.17
Cash From Operations, 1 Yr. Growth %	-164.92	74.67
Capital Expenditures, 1 Yr. Growth %	-91.9	-
Levered Free Cash Flow, 1 Yr. Growth %	-169.93	58.51
Unlevered Free Cash Flow, 1 Yr. Growth %	-170.08	61.37
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.56	22.11
Gross Profit, 2 Yr. CAGR %	21.68	22.87
EBITDA, 2 Yr. CAGR %	-70.5	-15.56
EBITA, 2 Yr. CAGR %	-73.09	-17.95
EBIT, 2 Yr. CAGR %	-73.09	-17.95
Earnings From Cont. Operations, 2 Yr. CAGR %	-64.01	2.99
Net Income, 2 Yr. CAGR %	-64.01	2.99
Normalized Net Income, 2 Yr. CAGR %	-68.18	-18.01
Diluted EPS Before Extra, 2 Yr. CAGR %	-65.45	-3.19
Accounts Receivable, 2 Yr. CAGR %	19.68	22.85
Inventory, 2 Yr. CAGR %	8.79	165.37
Net Property, Plant and Equip., 2 Yr. CAGR %	-28.16	-59.55
Total Assets, 2 Yr. CAGR %	6.82	36.2
Tangible Book Value, 2 Yr. CAGR %	-2.7	35.72
Common Equity, 2 Yr. CAGR %	-2.7	35.72
Cash From Operations, 2 Yr. CAGR %	-41.62	6.49
Capital Expenditures, 2 Yr. CAGR %	-79.14	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	5.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	6.34
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	21.35
Gross Profit, 3 Yr. CAGR %	-	22.65
EBITDA, 3 Yr. CAGR %	-	-28.36
EBITA, 3 Yr. CAGR %	-	-29.55
EBIT, 3 Yr. CAGR %	-	-29.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-16.53
Net Income, 3 Yr. CAGR %	-	-16.53
Normalized Net Income, 3 Yr. CAGR %	-	-29.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-21.42
Accounts Receivable, 3 Yr. CAGR %	-	25.33
Inventory, 3 Yr. CAGR %	-	33.27
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-46.3
Total Assets, 3 Yr. CAGR %	-	22.99
Tangible Book Value, 3 Yr. CAGR %	-	16.54
Common Equity, 3 Yr. CAGR %	-	16.54
Cash From Operations, 3 Yr. CAGR %	-	-15.88