All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	3.68B	3.76B	3.68B	3.45B
Cost of goods sold	2.29B	2.31B	2.33B	2.15B
Cost of revenue	2.29B	2.31B	2.33B	2.15B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	1.32B	1.40B	1.27B	1.30B
Operating expense	1.32B	1.40B	1.28B	1.36B
Total operating expenses	3.61B	3.71B	3.62B	3.52B
Operating income	69.00M	53.00M	61.00M	-69.00M
Other non operating income	-3.00M	1.00M	7.00M	-
EBT including unusual items	62.00M	49.00M	23.00M	-82.00M
EBT excluding unusual items	62.00M	49.00M	62.00M	-72.00M
Income tax expense	27.00M	35.00M	-181.00M	-43.00M
Effective tax rate	43.55%	71.43%	-786.96%	52.44%
Other operating expenses	-	-	-	-
Net income	35.00M	14.00M	204.00M	-39.00M
Net profit margin	0.95%	0.37%	5.54%	-1.13%
Earnings per share	-	-	-	-
Interest and investment income	-	1.00M	1.00M	1.00M
Interest expense	-4.00M	-6.00M	-6.00M	-5.00M
Net interest expenses	-4.00M	-5.00M	-5.00M	-4.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	107.50M	83.50M	99.50M	-37.25M
Gain or loss from assets sale	-	-	-	-

Finance

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