All values in JPY	May 2025	Aug 2025	Nov 2025	Feb 2026
Revenue	26.51B	26.37B	26.99B	25.95B
Cost of goods sold	23.61B	23.26B	24.20B	22.95B
Cost of revenue	23.61B	23.26B	24.20B	22.95B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	2.69B	2.64B	2.72B	2.55B
Operating expense	2.69B	2.64B	2.72B	2.63B
Total operating expenses	26.30B	25.90B	26.92B	25.58B
Operating income	206.00M	471.00M	64.00M	369.00M
Other non operating income	5.00M	12.00M	6.00M	2.00M
EBT including unusual items	206.00M	474.00M	71.00M	415.00M
EBT excluding unusual items	206.00M	474.00M	70.00M	357.00M
Income tax expense	75.00M	153.00M	36.00M	134.00M
Effective tax rate	36.41%	32.28%	50.70%	32.29%
Other operating expenses	-	-	-	-
Net income	131.00M	323.00M	38.00M	286.00M
Net profit margin	0.49%	1.23%	0.14%	1.10%
Earnings per share	-	-	-	-
Interest and investment income	5.00M	3.00M	9.00M	1.00M
Interest expense	-10.00M	-12.00M	-9.00M	-15.00M
Net interest expenses	-5.00M	-9.00M	-	-14.00M
Depreciation and amortization charges	-	-	-	92.00M
EBITDA	226.50M	494.00M	84.50M	392.25M
Gain or loss from assets sale	-	-	-	-

Finance

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