Will Smart Co.,LTD. (175A.T) Financial Statements

Income statement

Metric	TTM	2025	2024	2024
Revenue
Total Revenue	798.0M	805.0M	512.0M	1.1B
Cost of Revenue	134.0M	—	—	—
Gross Profit	72.8M	231.2M	157.3M	480.6M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	124.6M	514.2M	385.2M	444.5M
General & Admin Expense	—	—	—	—
Selling & Marketing Expense	—	—	—	—
Other Expenses	—	—	—	—
Total Operating Expenses	124.6M	514.2M	385.2M	444.5M
Cost and Expenses	1.1B	1.1B	739.0M	1.0B
Operating Income (EBIT)	(266.0M)	(283.0M)	(227.0M)	36.0M
Non-Operating
Interest Income	118.0K	178.0K	20.0K	1.0K
Interest Expense	1.8M	2.3M	805.0K	945.0K
Net Interest Income	(1.6M)	(2.1M)	(785.0K)	(944.0K)
Other Non-Op Income/Expense	(1.4M)	23.4M	5.0M	(754.0K)
Non-Operating Income (excl Interest)	231.0K	25.6M	7.7M	2.2M
EBT (Pre-Tax Income)	(53.2M)	(414.2M)	(223.0M)	35.4M
Income Tax Expense	1.1M	1.4M	943.0K	8.2M
Bottom Line
Net Income	(415.0M)	(415.0M)	(223.0M)	27.0M
Earnings from Cont. Ops	—	—	—	—
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(415.0M)	(415.0M)	(223.0M)	27.0M
Per Share
Basic EPS	(¥283)	(¥283)	(¥155)	¥22
Diluted EPS	(¥283)	—	—	¥22
Revenue Per Share	¥542	¥549	¥354	¥872
Shares
Basic Shares Outstanding	1.5M	1.5M	1.4M	1.2M
Diluted Shares Outstanding	—	—	—	—
Profitability Metrics
EBITDA	—	(250.8M)	(192.3M)	79.5M
D&A	—	32.2M	34.7M	43.5M
EBIT	(266.0M)	(283.0M)	(227.0M)	36.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026