All values in JPY	May 2025	Aug 2025	Nov 2025	Feb 2026
Revenue	3.03B	2.92B	3.26B	3.03B
Cost of goods sold	2.40B	2.22B	2.45B	2.25B
Cost of revenue	2.40B	2.22B	2.45B	2.25B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	473.00M	354.00M	413.00M	373.00M
Operating expense	473.00M	354.00M	413.00M	373.00M
Total operating expenses	2.87B	2.58B	2.87B	2.62B
Operating income	160.00M	341.00M	393.00M	403.00M
Other non operating income	-	2.00M	3.00M	-
EBT including unusual items	190.00M	370.00M	391.00M	402.00M
EBT excluding unusual items	154.00M	341.00M	391.00M	402.00M
Income tax expense	10.00M	128.00M	142.00M	180.00M
Effective tax rate	5.26%	34.59%	36.32%	44.78%
Other operating expenses	-	-	-	-
Net income	180.00M	242.00M	249.00M	222.00M
Net profit margin	5.94%	8.30%	7.64%	7.34%
Earnings per share	-	-	-	-
Interest and investment income	-	3.00M	-	4.00M
Interest expense	-6.00M	-5.00M	-5.00M	-5.00M
Net interest expenses	-6.00M	-2.00M	-5.00M	-1.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	213.50M	394.50M	462.50M	456.50M
Gain or loss from assets sale	-	-	-	-

Finance

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