All values in JPY	May 2025	Aug 2025	Nov 2025	Feb 2026
Revenue	1.24B	1.06B	1.08B	1.09B
Cost of goods sold	522.00M	442.00M	453.00M	470.00M
Cost of revenue	522.00M	442.00M	453.00M	470.00M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	428.00M	403.00M	482.00M	416.00M
Operating expense	428.00M	431.00M	482.00M	416.00M
Total operating expenses	950.00M	873.00M	935.00M	886.00M
Operating income	292.00M	185.00M	147.00M	208.00M
Other non operating income	-11.00M	-6.00M	-	-2.00M
EBT including unusual items	283.00M	179.00M	147.00M	206.00M
EBT excluding unusual items	281.00M	179.00M	147.00M	206.00M
Income tax expense	103.00M	21.00M	49.00M	63.00M
Effective tax rate	36.40%	11.73%	33.33%	30.58%
Other operating expenses	-	-	-	-
Net income	180.00M	158.00M	98.00M	143.00M
Net profit margin	14.49%	14.93%	9.06%	13.07%
Earnings per share	-	-	-	-
Interest and investment income	-	-	-	-
Interest expense	-	-	-	-
Net interest expenses	-	-	-	-
Depreciation and amortization charges	-	28.00M	-	-
EBITDA	-	192.50M	154.50M	211.00M
Gain or loss from assets sale	-	-	-	-

Finance

Research