All values in JPY	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	442.00M	342.00M	557.00M	990.00M
Cost of goods sold	150.00M	91.00M	233.00M	790.00M
Cost of revenue	150.00M	91.00M	233.00M	790.00M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	447.00M	453.00M	462.00M	393.00M
Operating expense	447.00M	453.00M	462.00M	393.00M
Total operating expenses	597.00M	544.00M	695.00M	1.18B
Operating income	-155.00M	-202.00M	-138.00M	-193.00M
Other non operating income	17.00M	1.00M	3.00M	-6.00M
EBT including unusual items	-265.00M	-135.00M	-16.00M	-167.00M
EBT excluding unusual items	-265.00M	-130.00M	-16.00M	-138.00M
Income tax expense	-	-	-1.00M	11.00M
Effective tax rate	-	-	6.25%	-6.59%
Other operating expenses	-	-	-	-
Net income	-265.00M	-130.00M	-15.00M	-172.00M
Net profit margin	-59.95%	-38.01%	-2.69%	-17.37%
Earnings per share	-	-	-	-
Interest and investment income	-	-	-	1.00M
Interest expense	-19.00M	-21.00M	-22.00M	-23.00M
Net interest expenses	-19.00M	-21.00M	-22.00M	-22.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	-149.00M	-197.00M	-132.00M	-188.00M
Gain or loss from assets sale	-	-	-	-

Finance

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