All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	5.68B	6.07B	5.12B	6.67B
Cost of goods sold	4.25B	4.70B	3.86B	5.11B
Cost of revenue	4.25B	4.70B	3.86B	5.11B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	1.37B	1.32B	1.38B	901.00M
Operating expense	1.37B	1.32B	1.38B	1.33B
Total operating expenses	5.63B	6.02B	5.25B	6.44B
Operating income	51.00M	48.00M	-129.00M	237.00M
Other non operating income	6.00M	4.00M	2.00M	8.00M
EBT including unusual items	14.00M	29.00M	-171.00M	193.00M
EBT excluding unusual items	14.00M	11.00M	-171.00M	193.00M
Income tax expense	32.00M	24.00M	3.00M	38.00M
Effective tax rate	228.57%	82.76%	-1.75%	19.69%
Other operating expenses	-	-	-	-1.00M
Net income	-30.00M	1.00M	-173.00M	150.00M
Net profit margin	-0.53%	0.02%	-3.38%	2.25%
Earnings per share	-	-	-	-
Interest and investment income	1.00M	2.00M	-	4.00M
Interest expense	-44.00M	-43.00M	-44.00M	-56.00M
Net interest expenses	-43.00M	-41.00M	-44.00M	-52.00M
Depreciation and amortization charges	-	-	-	421.00M
EBITDA	175.75M	164.50M	-4.25M	359.25M
Gain or loss from assets sale	-	-	-	-

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