All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	4.77B	5.52B	5.08B	4.88B
Cost of goods sold	3.60B	4.05B	3.67B	3.54B
Cost of revenue	3.60B	4.05B	3.67B	3.54B
Research and development expenses	8.00M	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	1.18B	1.17B	1.13B	1.40B
Operating expense	1.21B	1.17B	1.13B	1.40B
Total operating expenses	4.80B	5.22B	4.80B	4.94B
Operating income	-33.00M	294.00M	277.00M	-57.00M
Other non operating income	28.00M	41.00M	26.00M	29.00M
EBT including unusual items	-96.00M	316.00M	278.00M	61.00M
EBT excluding unusual items	-23.00M	315.00M	278.00M	-63.00M
Income tax expense	80.00M	175.00M	172.00M	150.00M
Effective tax rate	-83.33%	55.38%	61.87%	245.90%
Other operating expenses	-	-	-	-
Net income	-176.00M	141.00M	106.00M	-89.00M
Net profit margin	-3.69%	2.56%	2.09%	-1.82%
Earnings per share	-	-	-	-
Interest and investment income	5.00M	6.00M	5.00M	4.00M
Interest expense	-23.00M	-26.00M	-30.00M	-39.00M
Net interest expenses	-18.00M	-20.00M	-25.00M	-35.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	157.00M	484.00M	525.50M	133.00M
Gain or loss from assets sale	-	-	-	-

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