All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	469.00M	495.00M	524.00M	557.00M
Cost of goods sold	242.00M	258.00M	275.00M	276.00M
Cost of revenue	242.00M	258.00M	275.00M	276.00M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	118.00M	139.00M	138.00M	153.00M
Operating expense	118.00M	139.00M	138.00M	157.00M
Total operating expenses	360.00M	397.00M	413.00M	433.00M
Operating income	109.00M	98.00M	111.00M	124.00M
Other non operating income	-1.00M	-	-1.00M	4.00M
EBT including unusual items	109.00M	100.00M	111.00M	127.00M
EBT excluding unusual items	109.00M	100.00M	111.00M	127.00M
Income tax expense	36.00M	32.00M	36.00M	25.00M
Effective tax rate	33.03%	32.00%	32.43%	19.68%
Other operating expenses	-	-	-	-
Net income	73.00M	68.00M	75.00M	102.00M
Net profit margin	15.56%	13.74%	14.31%	18.31%
Earnings per share	-	-	-	-
Interest and investment income	1.00M	-	1.00M	-
Interest expense	-	-	-	-1.00M
Net interest expenses	1.00M	-	1.00M	-1.00M
Depreciation and amortization charges	-	-	-	4.00M
EBITDA	129.75M	125.00M	131.75M	153.25M
Gain or loss from assets sale	-	-	-	-

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