FLIGHT SOLUTIONS Inc.(3753) Financial Results

Current Period Guidance

Annual

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,009	79	56	41	4.4	0	May 18, 2023	J-GAAP
Mar, 2024	3,208	-103	-94	-105	-11.2	0	May 15, 2024	J-GAAP
Mar, 2025	3,063	-298	-333	-382	-38.6	0	May 20, 2025	J-GAAP
Mar, 2026	2,927	-276	-297	-252	-20.2	0	May 20, 2026	J-GAAP
Mar, 2027 Guidance	5,030	380	370	240	16.5	0	May 20, 2026	J-GAAP
YoY	+71.8%	－	－	－	－

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Mar, 2022	May 20, 2021	3,900	280	250	210	0	J-GAAP
	Feb 10, 2022	3,200	20	0	0	0	J-GAAP
	Apr 27, 2022	3,250	155	150	110	0	J-GAAP
Results	May 20, 2022	3,249	157	154	114	0	J-GAAP
Mar, 2023	May 20, 2022	Available in future release
	Feb 10, 2023
Results	May 18, 2023
Mar, 2024	May 18, 2023
	Feb 13, 2024
Results	May 15, 2024
Mar, 2025	May 15, 2024
	Aug 9, 2024
	Feb 14, 2025
	Feb 14, 2025
Results	May 20, 2025
Mar, 2026	May 20, 2025
	Jan 22, 2026
	Apr 23, 2026
Results	May 20, 2026
Mar, 2027	May 20, 2026	5,030	380	370	240	0	J-GAAP

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Mar, 2002	246	－	Available in future release
Mar, 2003	607	+146.7
Mar, 2004	1,260	+107.6
Mar, 2005	1,249	-0.9
Mar, 2006	1,843	+47.6
Mar, 2007	3,071	+66.6
Mar, 2008	3,514	+14.4
Mar, 2009	3,021	-14.0
Mar, 2010	2,512	-16.8
Mar, 2011	1,372	-45.4
Mar, 2012	914	-33.4
Mar, 2013	996	+9.0
Mar, 2014	1,911	+91.9
Mar, 2015	1,592	-16.7
Mar, 2016	1,955	+22.8
Mar, 2017	3,153	+61.3
Mar, 2018	2,105	-33.2
Mar, 2019	1,422	-32.4
Mar, 2020	4,517	+217.7
Mar, 2021	3,404	-24.6
Mar, 2022	3,249	-4.6
Mar, 2023	3,009	-7.4
Mar, 2024	3,208	+6.6
Mar, 2025	3,063	-4.5
Mar, 2026	2,927	-4.4
Mar, 2027 Guidance	5,030	+71.8	380	－	370	－	16.5	－

Profitability

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
Mar, 2025	3,063	-298	-9.7	-80.00	-24.13	1.93	-38.6
Mar, 2026	2,927	-276	-9.4	-42.93	-15.51	1.80	-20.2
Mar, 2027 Guidance	5,030	380	7.55	35.77	13.79	2.89	16.5

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	4,517	590	570	407	43.1
Fiscal Year	Mar, 2020	Mar, 2017	Mar, 2017	Mar, 2017	Mar, 2017

First Half

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	1,615	39	47	36	3.8	0	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,402	-235	-253	-254	-26.7	－	Nov 14, 2024	J-GAAP
Apr - Sep, 2025	1,266	-193	-205	-206	-17.6	0	Nov 14, 2025	J-GAAP
Apr - Sep, 2026 Guidance	1,840	5	0	0	0.0	0	May 20, 2026	J-GAAP
YoY	+45.3%	－	－	－	－

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Sep, 2023	May 18, 2023	1,380	-190	-195	-195	0	J-GAAP
	Sep 21, 2023	1,650	40	40	30	0	J-GAAP
Results	Nov 10, 2023	1,615	39	47	36	0	J-GAAP
Sep, 2024	May 15, 2024	Available in future release
	Aug 9, 2024
Results	Nov 14, 2024
Sep, 2025	May 20, 2025
Results	Nov 14, 2025
Sep, 2026	May 20, 2026	1,840	5	0	0	0	J-GAAP

Cash Flow

Annual

Fiscal Year	Operating Profit	Fee Cash Flow	Operating Cash Flow	Investing Cash Flow	Financial Cash Flow	Cash & Equivalents	Cash Ratio	Accounting Standards
Mar, 2024	-103	-235	62	-297	-2	550	33.19	J-GAAP
Mar, 2025	-298	-424	-75	-349	331	453	30.02	J-GAAP
Mar, 2026	-276	-381	-40	-341	150	221	12.70	J-GAAP

Actual Performance and Financial Trends

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	3,208	-103	-94	-105	-11.2	0	May 15, 2024	J-GAAP
Mar, 2025	3,063	-298	-333	-382	-38.6	0	May 20, 2025	J-GAAP
Mar, 2026	2,927	-276	-297	-252	-20.2	0	May 20, 2026	J-GAAP
YoY	-4.4%	+7.4%	+10.8%	+34.0%	+47.6%

Quarterly Results

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2024	553	-141	-146	-147	-15.6	-25.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	849	-94	-107	-107	-11.2	-11.1	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	917	-6	-16	-17	-1.7	-0.7	Feb 14, 2025	J-GAAP
Jan - Mar, 2025	744	-57	-64	-111	-11.2	-7.7	May 20, 2025	J-GAAP
Apr - Jun, 2025	523	-150	-156	-156	-13.4	-28.7	Aug 14, 2025	J-GAAP
Jul - Sep, 2025	743	-43	-49	-50	-4.3	-5.8	Nov 14, 2025	J-GAAP
Oct - Dec, 2025	428	-142	-148	-150	-12.5	-33.2	Feb 16, 2026	J-GAAP
Jan - Mar, 2026	1,233	59	56	104	8.3	4.8	May 20, 2026	J-GAAP
YoY	+65.7%	－	－	－	－

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Apr - Jun, 2021	1,067	+18.8	Available in future release
Jul - Sep, 2021	517	+12.4
Oct - Dec, 2021	442	+7.3
Jan - Mar, 2022	1,223	-25.2
Apr - Jun, 2022	662	-38.0
Jul - Sep, 2022	633	+22.4
Oct - Dec, 2022	669	+51.4
Jan - Mar, 2023	1,045	-14.6
Apr - Jun, 2023	633	-4.4
Jul - Sep, 2023	982	+55.1
Oct - Dec, 2023	792	+18.4
Jan - Mar, 2024	801	-23.3
Apr - Jun, 2024	553	-12.6
Jul - Sep, 2024	849	-13.5
Oct - Dec, 2024	917	+15.8
Jan - Mar, 2025	744	-7.1
Apr - Jun, 2025	523	-5.4
Jul - Sep, 2025	743	-12.5
Oct - Dec, 2025	428	-53.3
Jan - Mar, 2026	1,233	+65.7	59	－	56	－	8.3	－

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	2,638	885	862	695	233.8
Fiscal Year	Dec, 2019	Dec, 2019	Dec, 2019	Dec, 2019	Mar, 2007

Key Balance Sheet Figures

Fiscal Year	BPS	Equity Ratio	Total Asset	Equity	Retained Earnings	Interest-Bearing Debt Ratio	Announce	Accounting Standards
Mar, 2024	47.85	27.3	1,657	452	-1,921	1.73	May 15, 2024	J-GAAP
Mar, 2025	42.87	33.3	1,509	503	-2,352	1.32	May 20, 2025	J-GAAP
Mar, 2026	46.23	38.6	1,740	671	-2,605	0.62	May 20, 2026	J-GAAP