All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	2.92B	3.26B	3.03B	3.08B
Cost of goods sold	2.22B	2.45B	2.25B	2.43B
Cost of revenue	2.22B	2.45B	2.25B	2.43B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	354.00M	413.00M	373.00M	411.00M
Operating expense	354.00M	413.00M	373.00M	411.00M
Total operating expenses	2.58B	2.87B	2.62B	2.84B
Operating income	341.00M	393.00M	403.00M	240.00M
Other non operating income	2.00M	3.00M	-	1.00M
EBT including unusual items	370.00M	391.00M	402.00M	236.00M
EBT excluding unusual items	341.00M	391.00M	402.00M	236.00M
Income tax expense	128.00M	142.00M	180.00M	-7.00M
Effective tax rate	34.59%	36.32%	44.78%	-2.97%
Other operating expenses	-	-	-	-
Net income	242.00M	249.00M	222.00M	243.00M
Net profit margin	8.30%	7.64%	7.34%	7.88%
Earnings per share	-	-	-	-
Interest and investment income	3.00M	-	4.00M	-
Interest expense	-5.00M	-5.00M	-5.00M	-5.00M
Net interest expenses	-2.00M	-5.00M	-1.00M	-5.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	394.50M	462.50M	456.50M	311.00M
Gain or loss from assets sale	-	-	-	-

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