All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	2.15B	2.02B	2.04B	2.12B
Cost of goods sold	984.00M	914.00M	888.00M	933.00M
Cost of revenue	984.00M	914.00M	888.00M	933.00M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	671.00M	735.00M	676.00M	936.00M
Operating expense	669.00M	736.00M	812.00M	943.00M
Total operating expenses	1.65B	1.65B	1.70B	1.88B
Operating income	501.00M	370.00M	340.00M	239.00M
Other non operating income	-	-1.00M	2.00M	-1.00M
EBT including unusual items	498.00M	365.00M	340.00M	233.00M
EBT excluding unusual items	498.00M	365.00M	340.00M	233.00M
Income tax expense	141.00M	104.00M	60.00M	28.00M
Effective tax rate	28.31%	28.49%	17.65%	12.02%
Other operating expenses	-2.00M	1.00M	79.00M	7.00M
Net income	357.00M	261.00M	280.00M	205.00M
Net profit margin	16.57%	12.92%	13.73%	9.69%
Earnings per share	-	-	-	-
Interest and investment income	2.00M	-	2.00M	-
Interest expense	-5.00M	-4.00M	-4.00M	-5.00M
Net interest expenses	-3.00M	-4.00M	-2.00M	-5.00M
Depreciation and amortization charges	-	-	57.00M	-
EBITDA	515.00M	384.00M	355.00M	265.00M
Gain or loss from assets sale	-	-	-	-

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