All values in JPY	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	174.00M	174.00M	202.50M	202.50M
Cost of goods sold	128.00M	128.00M	142.50M	142.50M
Cost of revenue	128.00M	128.00M	142.50M	142.50M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	52.00M	52.00M	44.00M	44.00M
Operating expense	52.00M	52.00M	44.00M	44.00M
Total operating expenses	180.00M	180.00M	186.50M	186.50M
Operating income	-6.00M	-6.00M	16.00M	16.00M
Other non operating income	3.50M	3.50M	-1.50M	-1.50M
EBT including unusual items	-9.50M	-9.50M	12.00M	12.00M
EBT excluding unusual items	-2.50M	-2.50M	14.50M	14.50M
Income tax expense	-1.50M	-1.50M	4.00M	4.00M
Effective tax rate	15.79%	15.79%	33.33%	33.33%
Other operating expenses	-	-	-	-
Net income	-8.00M	-8.00M	8.00M	8.00M
Net profit margin	-4.60%	-4.60%	3.95%	3.95%
Earnings per share	-	-	-	-
Interest and investment income	-	-	-	-
Interest expense	-	-	-	-
Net interest expenses	-	-	-	-
Depreciation and amortization charges	-	-	-	-
EBITDA	-5.00M	-5.00M	17.00M	17.00M
Gain or loss from assets sale	-	-	-	-

Finance

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