All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	1.97B	2.13B	2.78B	2.84B
Cost of goods sold	1.74B	1.85B	2.30B	2.37B
Cost of revenue	1.74B	1.85B	2.30B	2.37B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	229.00M	272.00M	251.00M	252.00M
Operating expense	230.00M	272.00M	251.00M	252.00M
Total operating expenses	1.97B	2.12B	2.55B	2.62B
Operating income	-8.00M	10.00M	231.00M	211.00M
Other non operating income	24.00M	11.00M	25.00M	20.00M
EBT including unusual items	-97.00M	274.00M	242.00M	208.00M
EBT excluding unusual items	5.00M	11.00M	245.00M	215.00M
Income tax expense	-130.00M	47.00M	158.00M	81.00M
Effective tax rate	134.02%	17.15%	65.29%	38.94%
Other operating expenses	-1.00M	-	-	-
Net income	33.00M	226.00M	73.00M	112.00M
Net profit margin	1.68%	10.61%	2.63%	3.95%
Earnings per share	-	-	-	-
Interest and investment income	-	-	1.00M	-
Interest expense	-11.00M	-11.00M	-12.00M	-16.00M
Net interest expenses	-11.00M	-11.00M	-11.00M	-16.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	39.75M	57.75M	277.50M	258.75M
Gain or loss from assets sale	-	-	-	-

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