All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	2.76B	2.87B	2.64B	2.95B
Cost of goods sold	2.09B	2.14B	2.00B	2.25B
Cost of revenue	2.09B	2.14B	2.00B	2.25B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	447.00M	451.00M	424.00M	449.00M
Operating expense	447.00M	451.00M	424.00M	478.00M
Total operating expenses	2.54B	2.59B	2.42B	2.73B
Operating income	222.00M	281.00M	214.00M	224.00M
Other non operating income	9.00M	8.00M	8.00M	-10.00M
EBT including unusual items	285.00M	300.00M	270.00M	277.00M
EBT excluding unusual items	279.00M	300.00M	270.00M	243.00M
Income tax expense	63.00M	93.00M	81.00M	74.00M
Effective tax rate	22.11%	31.00%	30.00%	26.71%
Other operating expenses	-	-	-	-
Net income	222.00M	207.00M	189.00M	203.00M
Net profit margin	8.04%	7.21%	7.17%	6.87%
Earnings per share	-	-	-	-
Interest and investment income	48.00M	11.00M	48.00M	29.00M
Interest expense	-	-	-	-
Net interest expenses	48.00M	11.00M	48.00M	29.00M
Depreciation and amortization charges	-	-	-	29.00M
EBITDA	291.75M	358.50M	283.75M	302.00M
Gain or loss from assets sale	-	-	-	-

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