All values in JPY	May 2025	Aug 2025	Nov 2025	Feb 2026
Revenue	2.84B	2.76B	2.87B	2.64B
Cost of goods sold	2.24B	2.09B	2.14B	2.00B
Cost of revenue	2.24B	2.09B	2.14B	2.00B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	436.00M	447.00M	451.00M	424.00M
Operating expense	465.00M	447.00M	451.00M	424.00M
Total operating expenses	2.71B	2.54B	2.59B	2.42B
Operating income	138.00M	222.00M	281.00M	214.00M
Other non operating income	1.00M	9.00M	8.00M	8.00M
EBT including unusual items	151.00M	285.00M	300.00M	270.00M
EBT excluding unusual items	153.00M	279.00M	300.00M	270.00M
Income tax expense	34.00M	63.00M	93.00M	81.00M
Effective tax rate	22.52%	22.11%	31.00%	30.00%
Other operating expenses	-	-	-	-
Net income	117.00M	222.00M	207.00M	189.00M
Net profit margin	4.11%	8.04%	7.21%	7.17%
Earnings per share	-	-	-	-
Interest and investment income	14.00M	48.00M	11.00M	48.00M
Interest expense	-	-	-	-
Net interest expenses	14.00M	48.00M	11.00M	48.00M
Depreciation and amortization charges	29.00M	-	-	-
EBITDA	207.75M	291.75M	358.50M	283.75M
Gain or loss from assets sale	-	-	-	-

Finance

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