All values in JPY	Aug 2025	Nov 2025	Feb 2026	May 2026
Revenue	4.83B	6.17B	6.05B	4.93B
Cost of goods sold	4.09B	5.26B	5.18B	4.18B
Cost of revenue	4.09B	5.26B	5.18B	4.18B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	514.00M	478.00M	458.00M	567.00M
Operating expense	514.00M	478.00M	458.00M	567.00M
Total operating expenses	4.60B	5.73B	5.64B	4.74B
Operating income	228.00M	433.00M	415.00M	189.00M
Other non operating income	-	2.00M	1.00M	2.00M
EBT including unusual items	238.00M	439.00M	425.00M	201.00M
EBT excluding unusual items	238.00M	439.00M	425.00M	201.00M
Income tax expense	71.00M	139.00M	136.00M	42.00M
Effective tax rate	29.83%	31.66%	32.00%	20.90%
Other operating expenses	-	-	-	-
Net income	167.00M	300.00M	289.00M	159.00M
Net profit margin	3.46%	4.86%	4.78%	3.22%
Earnings per share	-	-	-	-
Interest and investment income	10.00M	6.00M	11.00M	11.00M
Interest expense	-	-1.00M	-1.00M	-1.00M
Net interest expenses	10.00M	5.00M	10.00M	10.00M
Depreciation and amortization charges	-	-	-	-
EBITDA	244.50M	449.50M	431.50M	205.50M
Gain or loss from assets sale	-	-	-	-

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