All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	4.78B	5.32B	4.92B	5.37B
Cost of goods sold	3.87B	4.32B	4.09B	4.29B
Cost of revenue	3.87B	4.32B	4.09B	4.29B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	644.00M	683.00M	682.00M	627.00M
Operating expense	644.00M	683.00M	682.00M	670.00M
Total operating expenses	4.51B	5.00B	4.77B	4.96B
Operating income	263.00M	317.00M	149.00M	405.00M
Other non operating income	-5.00M	-11.00M	11.00M	-3.00M
EBT including unusual items	237.00M	277.00M	121.00M	340.00M
EBT excluding unusual items	237.00M	277.00M	127.00M	361.00M
Income tax expense	36.00M	95.00M	49.00M	102.00M
Effective tax rate	15.19%	34.30%	40.50%	30.00%
Other operating expenses	-	-	-	-
Net income	201.00M	182.00M	72.00M	238.00M
Net profit margin	4.21%	3.42%	1.46%	4.43%
Earnings per share	-	-	-	-
Interest and investment income	6.00M	1.00M	5.00M	4.00M
Interest expense	-27.00M	-30.00M	-38.00M	-45.00M
Net interest expenses	-21.00M	-29.00M	-33.00M	-41.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	368.00M	449.00M	254.00M	547.25M
Gain or loss from assets sale	-	-	-	-

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