M3 Inc
TSE:2413
Income Statement
Earnings Waterfall
M3 Inc
Revenue
|
234.9B
JPY
|
Cost of Revenue
|
-95.8B
JPY
|
Gross Profit
|
139.1B
JPY
|
Operating Expenses
|
-71.8B
JPY
|
Operating Income
|
67.3B
JPY
|
Other Expenses
|
-20.9B
JPY
|
Net Income
|
46.4B
JPY
|
Income Statement
M3 Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
34 112
N/A
|
36 887
+8%
|
40 662
+10%
|
44 697
+10%
|
48 415
+8%
|
51 346
+6%
|
54 598
+6%
|
57 241
+5%
|
60 288
+5%
|
64 660
+7%
|
67 189
+4%
|
69 009
+3%
|
73 570
+7%
|
78 143
+6%
|
81 960
+5%
|
86 118
+5%
|
90 401
+5%
|
94 471
+5%
|
99 494
+5%
|
104 896
+5%
|
109 585
+4%
|
113 059
+3%
|
116 927
+3%
|
121 330
+4%
|
125 705
+4%
|
130 973
+4%
|
135 686
+4%
|
144 450
+6%
|
158 404
+10%
|
169 198
+7%
|
180 123
+6%
|
191 823
+6%
|
199 616
+4%
|
208 159
+4%
|
218 751
+5%
|
223 128
+2%
|
229 145
+3%
|
230 818
+1%
|
231 218
+0%
|
233 996
+1%
|
234 852
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(10 553)
|
(11 899)
|
(14 116)
|
(16 619)
|
(18 803)
|
(20 499)
|
(21 998)
|
(23 414)
|
(25 032)
|
(26 970)
|
(27 966)
|
(28 656)
|
(30 278)
|
(32 103)
|
(33 942)
|
(35 856)
|
(38 455)
|
(40 722)
|
(42 934)
|
(45 629)
|
(47 641)
|
(49 216)
|
(50 349)
|
(51 560)
|
(52 281)
|
(58 086)
|
(60 008)
|
(62 636)
|
(66 797)
|
(65 798)
|
(69 598)
|
(76 115)
|
(79 883)
|
(84 891)
|
(90 455)
|
(91 972)
|
(95 096)
|
(95 632)
|
(94 721)
|
(95 221)
|
(95 759)
|
|
Gross Profit |
23 559
N/A
|
24 988
+6%
|
26 546
+6%
|
28 078
+6%
|
29 612
+5%
|
30 847
+4%
|
32 600
+6%
|
33 827
+4%
|
35 256
+4%
|
37 690
+7%
|
39 223
+4%
|
40 353
+3%
|
43 292
+7%
|
46 040
+6%
|
48 018
+4%
|
50 262
+5%
|
51 946
+3%
|
53 749
+3%
|
56 560
+5%
|
59 267
+5%
|
61 944
+5%
|
63 843
+3%
|
66 578
+4%
|
69 770
+5%
|
73 424
+5%
|
72 887
-1%
|
75 678
+4%
|
81 814
+8%
|
91 607
+12%
|
103 400
+13%
|
110 525
+7%
|
115 708
+5%
|
119 733
+3%
|
123 268
+3%
|
128 296
+4%
|
131 156
+2%
|
134 049
+2%
|
135 186
+1%
|
136 497
+1%
|
138 775
+2%
|
139 093
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(11 218)
|
(12 664)
|
(12 075)
|
(12 988)
|
(13 893)
|
(14 824)
|
(15 538)
|
(16 178)
|
(16 501)
|
(18 084)
|
(18 084)
|
(18 500)
|
(19 738)
|
(22 162)
|
(22 716)
|
(24 323)
|
(25 136)
|
(26 633)
|
(27 959)
|
(30 152)
|
(32 238)
|
(36 027)
|
(34 746)
|
(36 306)
|
(38 538)
|
(38 435)
|
(38 693)
|
(39 756)
|
(41 660)
|
(44 562)
|
(48 590)
|
(50 849)
|
(19 270)
|
(55 904)
|
(37 062)
|
(60 308)
|
(64 006)
|
(64 770)
|
(66 531)
|
(69 667)
|
(71 783)
|
|
Selling, General & Administrative |
(11 304)
|
(12 469)
|
(13 246)
|
(14 166)
|
(15 057)
|
(15 234)
|
(16 274)
|
(16 843)
|
(17 573)
|
(17 844)
|
(19 085)
|
(19 945)
|
(21 007)
|
(21 669)
|
(23 390)
|
(24 546)
|
(25 459)
|
(26 320)
|
(29 203)
|
(31 569)
|
(33 924)
|
(35 096)
|
(38 207)
|
(40 060)
|
(41 701)
|
(35 572)
|
(38 284)
|
(38 496)
|
(39 681)
|
(40 906)
|
(47 926)
|
(50 749)
|
(52 283)
|
(51 141)
|
(58 009)
|
(60 304)
|
(62 969)
|
(58 989)
|
(67 528)
|
(70 058)
|
(72 522)
|
|
Depreciation & Amortization |
0
|
(194)
|
0
|
0
|
0
|
(368)
|
0
|
0
|
0
|
(538)
|
0
|
0
|
0
|
(596)
|
0
|
0
|
0
|
(732)
|
0
|
0
|
0
|
(958)
|
0
|
0
|
0
|
(3 127)
|
0
|
0
|
0
|
(4 132)
|
0
|
0
|
0
|
(4 926)
|
0
|
0
|
0
|
(5 843)
|
0
|
0
|
0
|
|
Other Operating Expenses |
86
|
0
|
1 171
|
1 178
|
1 164
|
778
|
736
|
665
|
1 072
|
298
|
1 001
|
1 445
|
1 269
|
103
|
674
|
223
|
323
|
419
|
1 244
|
1 417
|
1 686
|
27
|
3 461
|
3 754
|
3 163
|
264
|
(409)
|
(1 260)
|
(1 979)
|
476
|
(664)
|
(100)
|
33 013
|
163
|
20 947
|
(4)
|
(1 037)
|
62
|
997
|
391
|
739
|
|
Operating Income |
12 341
N/A
|
12 324
0%
|
14 471
+17%
|
15 090
+4%
|
15 719
+4%
|
16 023
+2%
|
17 062
+6%
|
17 649
+3%
|
18 755
+6%
|
19 606
+5%
|
21 139
+8%
|
21 853
+3%
|
23 554
+8%
|
23 878
+1%
|
25 302
+6%
|
25 939
+3%
|
26 810
+3%
|
27 116
+1%
|
28 601
+5%
|
29 115
+2%
|
29 706
+2%
|
27 816
-6%
|
31 832
+14%
|
33 464
+5%
|
34 886
+4%
|
34 452
-1%
|
36 985
+7%
|
42 058
+14%
|
49 947
+19%
|
58 838
+18%
|
61 935
+5%
|
64 859
+5%
|
100 463
+55%
|
67 364
-33%
|
91 234
+35%
|
70 848
-22%
|
70 043
-1%
|
70 416
+1%
|
69 966
-1%
|
69 108
-1%
|
67 310
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
441
|
447
|
184
|
76
|
144
|
151
|
190
|
136
|
68
|
163
|
(301)
|
(260)
|
(62)
|
1 182
|
389
|
446
|
209
|
26
|
44
|
90
|
177
|
239
|
148
|
82
|
(50)
|
164
|
(71)
|
(102)
|
142
|
266
|
428
|
346
|
498
|
(1 034)
|
(63)
|
1 173
|
1 214
|
3 806
|
4 435
|
4 464
|
4 083
|
|
Non-Reccuring Items |
0
|
846
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
182
|
0
|
0
|
0
|
(100)
|
0
|
0
|
0
|
340
|
0
|
0
|
0
|
2 899
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(838)
|
9 443
|
31 349
|
0
|
29 856
|
0
|
0
|
0
|
96
|
0
|
0
|
0
|
|
Total Other Income |
58
|
24
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
1
|
(10)
|
0
|
0
|
(1)
|
(12)
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
0
|
0
|
1
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
12 840
N/A
|
13 642
+6%
|
14 654
+7%
|
15 166
+3%
|
15 863
+5%
|
16 174
+2%
|
17 251
+7%
|
17 784
+3%
|
18 822
+6%
|
19 950
+6%
|
20 837
+4%
|
21 592
+4%
|
23 490
+9%
|
24 959
+6%
|
25 690
+3%
|
26 384
+3%
|
27 020
+2%
|
27 472
+2%
|
28 645
+4%
|
29 205
+2%
|
29 882
+2%
|
30 942
+4%
|
31 979
+3%
|
33 545
+5%
|
34 835
+4%
|
34 610
-1%
|
36 914
+7%
|
41 955
+14%
|
50 088
+19%
|
58 264
+16%
|
71 805
+23%
|
96 554
+34%
|
100 961
+5%
|
96 187
-5%
|
91 173
-5%
|
72 023
-21%
|
71 260
-1%
|
74 318
+4%
|
74 402
+0%
|
73 573
-1%
|
71 393
-3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3 601)
|
(4 869)
|
(4 079)
|
(4 234)
|
(4 391)
|
(5 747)
|
(5 965)
|
(6 052)
|
(6 269)
|
(6 458)
|
(6 821)
|
(7 099)
|
(7 666)
|
(8 021)
|
(8 215)
|
(8 574)
|
(8 342)
|
(8 247)
|
(8 509)
|
(8 384)
|
(8 963)
|
(9 595)
|
(10 050)
|
(10 513)
|
(10 849)
|
(10 457)
|
(11 094)
|
(12 528)
|
(15 045)
|
(17 066)
|
(21 338)
|
(29 196)
|
(30 734)
|
(30 078)
|
(28 494)
|
(22 694)
|
(21 841)
|
(22 336)
|
(22 353)
|
(22 421)
|
(22 342)
|
|
Income from Continuing Operations |
9 239
|
8 773
|
10 575
|
10 932
|
11 472
|
10 427
|
11 286
|
11 732
|
12 553
|
13 492
|
14 016
|
14 493
|
15 824
|
16 938
|
17 475
|
17 810
|
18 678
|
19 225
|
20 136
|
20 821
|
20 919
|
21 347
|
21 929
|
23 032
|
23 986
|
24 153
|
25 820
|
29 427
|
35 043
|
41 198
|
50 467
|
67 358
|
70 227
|
66 109
|
62 679
|
49 329
|
49 419
|
51 982
|
52 049
|
51 152
|
49 051
|
|
Income to Minority Interest |
(434)
|
(455)
|
(511)
|
(541)
|
(649)
|
(668)
|
(846)
|
(885)
|
(890)
|
(984)
|
(1 064)
|
(967)
|
(960)
|
(934)
|
(926)
|
(993)
|
(1 083)
|
(1 098)
|
(1 367)
|
(1 578)
|
(1 607)
|
(1 769)
|
(2 063)
|
(2 145)
|
(2 397)
|
(2 518)
|
(2 632)
|
(2 908)
|
(3 283)
|
(3 376)
|
(3 342)
|
(3 456)
|
(2 946)
|
(2 263)
|
(2 473)
|
(2 211)
|
(2 462)
|
(2 955)
|
(2 735)
|
(2 779)
|
(2 690)
|
|
Net Income (Common) |
8 806
N/A
|
8 318
-6%
|
10 064
+21%
|
10 390
+3%
|
10 823
+4%
|
9 759
-10%
|
10 441
+7%
|
10 850
+4%
|
11 665
+8%
|
12 508
+7%
|
12 954
+4%
|
13 527
+4%
|
14 865
+10%
|
16 004
+8%
|
16 550
+3%
|
16 818
+2%
|
17 596
+5%
|
18 127
+3%
|
18 770
+4%
|
19 244
+3%
|
19 313
+0%
|
19 577
+1%
|
19 865
+1%
|
20 887
+5%
|
21 589
+3%
|
21 635
+0%
|
23 190
+7%
|
26 520
+14%
|
31 759
+20%
|
37 822
+19%
|
47 123
+25%
|
63 900
+36%
|
67 281
+5%
|
63 845
-5%
|
60 204
-6%
|
47 117
-22%
|
46 955
0%
|
49 028
+4%
|
49 315
+1%
|
48 374
-2%
|
46 363
-4%
|
|
EPS (Diluted) |
13.78
N/A
|
13
-6%
|
15.53
+19%
|
16.03
+3%
|
16.7
+4%
|
15.06
-10%
|
16.12
+7%
|
16.75
+4%
|
18.01
+8%
|
19.31
+7%
|
20
+4%
|
20.88
+4%
|
22.95
+10%
|
24.7
+8%
|
25.54
+3%
|
25.95
+2%
|
27.14
+5%
|
27.97
+3%
|
28.95
+4%
|
29.68
+3%
|
29.79
+0%
|
30.2
+1%
|
29.26
-3%
|
30.76
+5%
|
31.81
+3%
|
31.88
+0%
|
34.16
+7%
|
39.06
+14%
|
46.76
+20%
|
55.68
+19%
|
69.36
+25%
|
94.06
+36%
|
99.04
+5%
|
93.98
-5%
|
88.68
-6%
|
69.37
-22%
|
69.13
0%
|
72.17
+4%
|
72.59
+1%
|
71.2
-2%
|
68.24
-4%
|