Financials m-up holdings, Inc.

Equities

Market Closed - Japan Exchange Other stock markets 07:30:00 22/04/2026 BST			5-day change	1st Jan Change
730.00 ^JPY	0.00%		-1.08%	-19.60%

04-09	Tranche Update on m-up holdings, Inc.'s Equity Buyback Plan announced on February 20, 2026.	CI
02-20	M-up holdings, Inc. authorizes a Buyback Plan.	CI

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	12,325	13,574	15,936	18,574	25,782	32,600	37,200
Change	-	10.13%	17.4%	16.55%	38.81%	26.44%	14.11%
EBITDA	-	-	-	3,339	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	1,107	1,679	2,074	2,825	4,065	5,390	6,280
Change	-	51.67%	23.53%	36.21%	43.89%	32.6%	16.51%
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT)	1,120	1,711	2,068	2,798	3,238	-	-
Change	-	52.77%	20.86%	35.3%	15.73%	-	-
Net income ¹	633	976	1,093	1,481	1,664	3,330	3,880
Change	-	54.19%	11.99%	35.5%	12.36%	100.12%	16.52%
Announcement Date	14/05/21	13/05/22	15/05/23	15/05/24	15/05/25	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2022 Q1	2022 Q3	2023 Q1	2023 Q3	2024 Q1	2024 Q3	2025 Q1	2025 Q3	2026 Q1	2026 Q3
Net sales ¹	3,283	3,077	3,705	3,861	4,096	4,393	4,662	5,837	6,725	7,413	8,355
Change	-	-6.27%	20.41%	4.21%	6.09%	7.25%	6.12%	25.2%	15.21%	10.23%	12.71%
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	358	363	604	605	526	783	717	870	1,300	1,387	1,312
Change	-	1.4%	66.39%	0.17%	-13.06%	48.86%	-8.43%	21.34%	49.43%	6.69%	-5.41%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	373	345	613	608	529	786	727	882	1,323	1,419	1,443
Change	-	-7.51%	77.68%	-0.82%	-12.99%	48.58%	-7.51%	21.32%	50%	7.26%	1.69%
Net income ¹	205	197	328	317	276	430	373	476	819	859	839
Change	-	-3.9%	66.5%	-3.35%	-12.93%	55.8%	-13.26%	27.61%	72.06%	4.88%	-2.33%
Announcement Date	12/02/21	13/08/21	14/02/22	12/08/22	14/02/23	14/08/23	14/02/24	14/08/24	14/02/25	14/08/25	13/02/26

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2023 S1	2024 S1	2025 S1	2026 S1
Net sales ¹	6,314	7,764	8,865	12,266	15,107
Change	-	22.96%	14.18%	38.36%	23.16%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	775	1,187	1,457	1,957	2,701
Change	-	53.16%	22.75%	34.32%	38.02%
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT) ¹	838	1,200	1,472	1,745	2,804
Change	-	43.2%	22.67%	18.55%	60.69%
Net income ¹	516	639	795	834	1,699
Change	-	23.84%	24.41%	4.91%	103.72%
Announcement Date	12/11/21	14/11/22	14/11/23	14/11/24	14/11/25

¹JPY in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027
Net Debt	-4,820	-6,742	-6,929	-8,780	-12,327	-	-
Change	-	-39.88%	-2.77%	-26.71%	-40.4%	-	-
Announcement Date	14/05/21	13/05/22	15/05/23	15/05/24	15/05/25	-	-

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	327	51	409	5	171	368
Change	-	-84.4%	701.96%	-98.78%	3,320%	115.2%
Free Cash Flow (FCF) ¹	-633	2,682	1,836	972.9	3,079	4,608
Change	-	523.62%	-31.53%	-47.01%	216.5%	49.64%
Announcement Date	29/06/20	29/06/21	29/06/22	29/06/23	27/06/24	26/06/25

¹JPY in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	17.98%	-	-	-
EBIT Margin (%)	-	8.98%	12.37%	13.01%	15.21%	15.77%	16.53%	16.88%
EBT Margin (%)	-	9.09%	12.6%	12.98%	15.06%	12.56%	-	-
Net margin (%)	-	5.14%	7.19%	6.86%	7.97%	6.45%	10.21%	10.43%
FCF margin (%)	-	15.2%	-	5.12%	14.5%	19.27%	-	-
FCF / Net Income (%)	-	296.05%	-	74.66%	181.9%	298.5%	-	-
Profitability
ROA	4.36%	6.18%	8.09%	8.47%	9.85%	11.52%	-	-
ROE	7.02%	13.17%	21.89%	21.41%	25.57%	24.4%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.98%	4.1%	4.02%	1.6%	2%	-	-
CAPEX / EBITDA (%)	-	-	-	-	8.92%	-	-	-
CAPEX / FCF (%)	-	6.46%	-	78.55%	11.06%	10.37%	-	-
Items per share
Cash flow per share ¹	-	10.67	15.66	18.93	24.62	26.88	-	-
Change	-	-	46.8%	20.84%	30.08%	9.16%	-	-
Dividend per Share ¹	-	2.875	3.5	5	6.75	9	13	14
Change	-	-	21.74%	42.86%	35%	33.33%	44.44%	7.69%
Book Value Per Share ¹	-	58.89	70.5	85.24	88.3	108.1	-	-
Change	-	-	19.72%	20.91%	3.58%	22.38%	-	-
EPS ¹	-	8.695	13.51	15.12	20.53	23.29	46.9	54.7
Change	-	-	55.38%	11.95%	35.74%	13.44%	101.37%	16.63%
Nbr of stocks (in thousands)	-	72,259	72,294	72,314	71,918	71,326	70,211	70,211
Announcement Date	-	14/05/21	13/05/22	15/05/23	15/05/24	15/05/25	-	-