Earlyworks Co. Ltd. Reports 467.4% Revenue Increase for Fiscal Year Ending April 2025; Net Loss Widens by 821%
Earlyworks Co. Ltd. has released its annual report for the fiscal year ending April 30, 2025, revealing a notable increase in revenue. The company's revenue rose by approximately JPY175.7 million, marking a significant growth of 467.4% compared to the previous fiscal year. This increase is primarily attributed to higher outsourced staff costs and telecommunication expenses linked to the expansion in sales. Despite the impressive revenue growth, Earlyworks Co. Ltd. reported a net loss of JPY1.8 million for the fiscal year. The loss before income taxes was recorded at JPY1.8 billion, illustrating a substantial negative swing compared to the previous year. The provision for income tax was noted at JPY188,496, which contrasts with the prior year's provision of JPY9.2 million. The company's gross profit saw an increase of approximately JPY85.3 million, representing a 60.2% rise from the fiscal year ended April 30, 2024. This improvement in gross profit is a result of the changes in revenue and cost of revenue. Currently, Earlyworks Co. Ltd. has not indicated any significant trends or uncertainties that may adversely affect its future financial performance. The company remains focused on its operations without any reported engagements in off-balance sheet arrangements or partnerships for limited purposes.
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