Change Inc
TSE:3962
Income Statement
Earnings Waterfall
Change Inc
Revenue
|
33.3B
JPY
|
Cost of Revenue
|
-11.4B
JPY
|
Gross Profit
|
21.9B
JPY
|
Operating Expenses
|
-11.1B
JPY
|
Operating Income
|
10.8B
JPY
|
Other Expenses
|
-3.6B
JPY
|
Net Income
|
7.2B
JPY
|
Income Statement
Change Inc
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 |
2 073
N/A
|
1 980
-4%
|
1 907
-4%
|
2 207
+16%
|
2 281
+3%
|
2 604
+14%
|
4 247
+63%
|
5 110
+20%
|
6 072
+19%
|
5 993
-1%
|
13 644
+128%
|
13 366
-2%
|
14 044
+5%
|
10 542
-25%
|
13 984
+33%
|
15 094
+8%
|
15 364
+2%
|
15 653
+2%
|
15 785
+1%
|
10 140
-36%
|
15 681
+55%
|
16 077
+3%
|
17 726
+10%
|
20 021
+13%
|
22 376
+12%
|
28 739
+28%
|
33 299
+16%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(1 243)
|
(1 183)
|
(1 112)
|
(1 349)
|
(1 431)
|
(1 591)
|
(1 702)
|
(2 024)
|
(2 359)
|
(1 937)
|
(4 025)
|
(3 810)
|
(3 810)
|
(2 592)
|
(2 981)
|
(3 318)
|
(3 647)
|
(4 065)
|
(4 135)
|
(2 166)
|
(4 716)
|
(5 216)
|
(6 375)
|
(7 498)
|
(8 485)
|
(9 151)
|
(11 412)
|
|
Gross Profit |
830
N/A
|
797
-4%
|
795
0%
|
858
+8%
|
850
-1%
|
1 013
+19%
|
2 545
+151%
|
3 087
+21%
|
3 713
+20%
|
4 056
+9%
|
9 618
+137%
|
9 557
-1%
|
10 234
+7%
|
7 950
-22%
|
11 003
+38%
|
11 776
+7%
|
11 717
-1%
|
11 588
-1%
|
11 650
+1%
|
7 974
-32%
|
10 965
+38%
|
10 861
-1%
|
11 351
+5%
|
12 523
+10%
|
13 891
+11%
|
19 588
+41%
|
21 887
+12%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(475)
|
(465)
|
(475)
|
(482)
|
(475)
|
(500)
|
(1 622)
|
(2 222)
|
(2 759)
|
(3 046)
|
(5 580)
|
(5 481)
|
(5 629)
|
(3 755)
|
(4 842)
|
(5 070)
|
(5 303)
|
(5 540)
|
(5 502)
|
(3 338)
|
(6 227)
|
(6 144)
|
(6 321)
|
(6 961)
|
(7 435)
|
(9 679)
|
(11 117)
|
|
Selling, General & Administrative |
(475)
|
(459)
|
(475)
|
(482)
|
(475)
|
(489)
|
(1 622)
|
(2 222)
|
(2 759)
|
(2 936)
|
(5 466)
|
(5 389)
|
(5 538)
|
(3 635)
|
(4 851)
|
(5 047)
|
(5 283)
|
(5 268)
|
(5 444)
|
(3 222)
|
(6 111)
|
(6 161)
|
(6 426)
|
(6 813)
|
(7 865)
|
(10 051)
|
(11 410)
|
|
Depreciation & Amortization |
0
|
(7)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(111)
|
0
|
0
|
0
|
(122)
|
0
|
0
|
0
|
(275)
|
0
|
(105)
|
0
|
0
|
0
|
(355)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(113)
|
(92)
|
(91)
|
3
|
9
|
(23)
|
(20)
|
3
|
(58)
|
(11)
|
(116)
|
17
|
105
|
207
|
430
|
372
|
293
|
|
Operating Income |
356
N/A
|
331
-7%
|
321
-3%
|
376
+17%
|
375
0%
|
514
+37%
|
923
+80%
|
865
-6%
|
955
+10%
|
1 010
+6%
|
4 038
+300%
|
4 076
+1%
|
4 605
+13%
|
4 195
-9%
|
6 161
+47%
|
6 706
+9%
|
6 414
-4%
|
6 048
-6%
|
6 148
+2%
|
4 636
-25%
|
4 738
+2%
|
4 717
0%
|
5 030
+7%
|
5 562
+11%
|
6 456
+16%
|
9 909
+53%
|
10 770
+9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(5)
|
(1)
|
0
|
0
|
0
|
(1)
|
(6)
|
(10)
|
(49)
|
(66)
|
(71)
|
(77)
|
(40)
|
(66)
|
(76)
|
(73)
|
(60)
|
(46)
|
(17)
|
(34)
|
(32)
|
(72)
|
(70)
|
357
|
2
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(12)
|
(12)
|
(12)
|
(12)
|
(3)
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
(63)
|
0
|
(54)
|
0
|
0
|
0
|
168
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(3)
|
0
|
0
|
0
|
0
|
0
|
(125)
|
(125)
|
(107)
|
(0)
|
18
|
16
|
(2)
|
(0)
|
(3)
|
0
|
(2)
|
(14)
|
0
|
(1)
|
0
|
0
|
2
|
(7)
|
0
|
(2)
|
(4)
|
|
Pre-Tax Income |
349
N/A
|
326
-7%
|
320
-2%
|
376
+18%
|
375
0%
|
502
+34%
|
785
+56%
|
722
-8%
|
825
+14%
|
958
+16%
|
3 990
+317%
|
4 021
+1%
|
4 526
+13%
|
4 161
-8%
|
6 092
+46%
|
6 628
+9%
|
6 339
-4%
|
5 911
-7%
|
6 101
+3%
|
4 564
-25%
|
4 704
+3%
|
4 685
0%
|
4 960
+6%
|
5 653
+14%
|
6 812
+21%
|
9 909
+45%
|
10 766
+9%
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
(111)
|
(96)
|
(94)
|
(112)
|
(112)
|
(159)
|
(275)
|
(277)
|
(341)
|
(298)
|
(1 412)
|
(1 384)
|
(1 536)
|
(1 389)
|
(2 040)
|
(2 243)
|
(2 141)
|
(1 798)
|
(1 697)
|
(1 408)
|
(1 210)
|
(1 466)
|
(1 551)
|
(1 743)
|
(2 121)
|
(3 072)
|
(3 405)
|
|
Income from Continuing Operations |
238
|
230
|
226
|
264
|
264
|
344
|
510
|
445
|
484
|
660
|
2 578
|
2 638
|
2 990
|
2 771
|
4 051
|
4 384
|
4 197
|
4 113
|
4 404
|
3 156
|
3 494
|
3 219
|
3 409
|
3 910
|
4 691
|
6 837
|
7 361
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
(129)
|
(80)
|
(115)
|
(183)
|
(674)
|
(737)
|
(820)
|
(722)
|
(196)
|
(177)
|
(73)
|
(8)
|
(49)
|
(63)
|
(12)
|
41
|
41
|
(53)
|
(32)
|
(18)
|
(145)
|
|
Net Income (Common) |
238
N/A
|
230
-3%
|
226
-2%
|
264
+17%
|
264
0%
|
344
+30%
|
382
+11%
|
365
-4%
|
369
+1%
|
477
+29%
|
1 903
+299%
|
1 900
0%
|
2 167
+14%
|
2 049
-5%
|
3 854
+88%
|
4 207
+9%
|
4 125
-2%
|
4 104
-1%
|
4 353
+6%
|
3 093
-29%
|
3 480
+13%
|
3 261
-6%
|
3 450
+6%
|
3 856
+12%
|
4 659
+21%
|
6 818
+46%
|
7 215
+6%
|
|
EPS (Diluted) |
16.54
N/A
|
3.98
-76%
|
15.57
+291%
|
18.34
+18%
|
18.29
0%
|
5.95
-67%
|
26.28
+342%
|
25.08
-5%
|
12.2
-51%
|
15.81
+30%
|
29.55
+87%
|
29.35
-1%
|
33.46
+14%
|
31.64
-5%
|
56.18
+78%
|
60.96
+9%
|
55.55
-9%
|
58.78
+6%
|
59.15
+1%
|
42.04
-29%
|
47.3
+13%
|
44.31
-6%
|
46.88
+6%
|
52.4
+12%
|
63.31
+21%
|
92.65
+46%
|
98.1
+6%
|