All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	2.38B	2.63B	2.78B	2.67B
Cost of goods sold	1.42B	1.60B	1.62B	1.61B
Cost of revenue	1.42B	1.60B	1.62B	1.61B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	642.00M	659.00M	687.00M	832.00M
Operating expense	642.00M	659.00M	687.00M	832.00M
Total operating expenses	2.06B	2.25B	2.31B	2.44B
Operating income	322.00M	376.00M	469.00M	225.00M
Other non operating income	-1.00M	-3.00M	2.00M	-1.00M
EBT including unusual items	304.00M	349.00M	444.00M	193.00M
EBT excluding unusual items	304.00M	349.00M	444.00M	194.00M
Income tax expense	99.00M	102.00M	140.00M	84.00M
Effective tax rate	32.57%	29.23%	31.53%	43.52%
Other operating expenses	-	-	-	-
Net income	205.00M	247.00M	304.00M	109.00M
Net profit margin	8.61%	9.39%	10.94%	4.09%
Earnings per share	-	-	-	-
Interest and investment income	-	-	1.00M	-
Interest expense	-17.00M	-24.00M	-28.00M	-31.00M
Net interest expenses	-17.00M	-24.00M	-27.00M	-31.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	1.02B	1.23B	1.17B	1.14B
Gain or loss from assets sale	-	-	-	-

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