All values in JPY	Feb 2025	May 2025	Aug 2025	Nov 2025
Revenue	1.29B	1.29B	1.37B	1.37B
Cost of goods sold	1.12B	1.12B	1.16B	1.16B
Cost of revenue	1.12B	1.12B	1.16B	1.16B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	97.50M	97.50M	111.50M	111.50M
Operating expense	97.50M	97.50M	111.50M	111.50M
Total operating expenses	1.22B	1.22B	1.28B	1.28B
Operating income	77.50M	77.50M	90.00M	90.00M
Other non operating income	2.00M	2.00M	1.50M	1.50M
EBT including unusual items	77.00M	77.00M	88.00M	88.00M
EBT excluding unusual items	75.50M	75.50M	88.00M	88.00M
Income tax expense	25.00M	25.00M	29.00M	29.00M
Effective tax rate	32.47%	32.47%	32.95%	32.95%
Other operating expenses	-	-	-	-
Net income	52.00M	52.00M	59.00M	59.00M
Net profit margin	4.02%	4.02%	4.32%	4.32%
Earnings per share	-	-	-	-
Interest and investment income	500.00K	500.00K	500.00K	500.00K
Interest expense	-4.50M	-4.50M	-4.00M	-4.00M
Net interest expenses	-4.00M	-4.00M	-3.50M	-3.50M
Depreciation and amortization charges	-	-	-	-
EBITDA	89.00M	89.00M	111.00M	111.00M
Gain or loss from assets sale	-1.50M	-1.50M	-	-

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