All values in JPY	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	318.00M	318.00M	304.50M	304.50M
Cost of goods sold	184.50M	184.50M	177.50M	177.50M
Cost of revenue	184.50M	184.50M	177.50M	177.50M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	111.00M	111.00M	107.00M	107.00M
Operating expense	111.00M	111.00M	107.00M	107.00M
Total operating expenses	295.50M	295.50M	284.50M	284.50M
Operating income	22.50M	22.50M	20.00M	20.00M
Other non operating income	4.00M	4.00M	-1.00M	-1.00M
EBT including unusual items	24.50M	24.50M	23.00M	23.00M
EBT excluding unusual items	24.50M	24.50M	17.50M	17.50M
Income tax expense	10.00M	10.00M	6.50M	6.50M
Effective tax rate	40.82%	40.82%	28.26%	28.26%
Other operating expenses	-	-	-	-
Net income	14.50M	14.50M	16.50M	16.50M
Net profit margin	4.56%	4.56%	5.42%	5.42%
Earnings per share	-	-	-	-
Interest and investment income	-	-	-	-
Interest expense	-2.00M	-2.00M	-1.50M	-1.50M
Net interest expenses	-2.00M	-2.00M	-1.50M	-1.50M
Depreciation and amortization charges	-	-	-	-
EBITDA	33.00M	33.00M	30.50M	30.50M
Gain or loss from assets sale	-	-	-	-

Finance

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