All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	3.84B	3.90B	4.05B	4.20B
Cost of goods sold	2.78B	2.67B	2.80B	2.88B
Cost of revenue	2.78B	2.67B	2.80B	2.88B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	788.00M	963.00M	920.00M	1.00B
Operating expense	788.00M	963.00M	920.00M	1.00B
Total operating expenses	3.57B	3.64B	3.72B	3.89B
Operating income	268.00M	261.00M	337.00M	311.00M
Other non operating income	3.00M	14.00M	3.00M	-
EBT including unusual items	209.00M	271.00M	341.00M	315.00M
EBT excluding unusual items	210.00M	271.00M	341.00M	315.00M
Income tax expense	13.00M	147.00M	144.00M	109.00M
Effective tax rate	6.22%	54.24%	42.23%	34.60%
Other operating expenses	-	-	-	-
Net income	197.00M	124.00M	198.00M	206.00M
Net profit margin	5.13%	3.18%	4.89%	4.91%
Earnings per share	-	-	-	-
Interest and investment income	1.00M	-	2.00M	-
Interest expense	-4.00M	-4.00M	-6.00M	-6.00M
Net interest expenses	-3.00M	-4.00M	-4.00M	-6.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	315.75M	308.75M	390.00M	358.75M
Gain or loss from assets sale	-	-	-	-

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