All values in JPY	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	2.73B	2.95B	3.10B	3.57B
Cost of goods sold	2.20B	2.36B	2.53B	2.78B
Cost of revenue	2.20B	2.36B	2.53B	2.78B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	454.00M	474.00M	484.00M	504.00M
Operating expense	454.00M	474.00M	484.00M	504.00M
Total operating expenses	2.66B	2.84B	3.01B	3.28B
Operating income	70.00M	112.00M	90.00M	289.00M
Other non operating income	-5.00M	-5.00M	-2.00M	-4.00M
EBT including unusual items	57.00M	108.00M	90.00M	284.00M
EBT excluding unusual items	57.00M	109.00M	90.00M	284.00M
Income tax expense	39.00M	6.00M	22.00M	38.00M
Effective tax rate	68.42%	5.56%	24.44%	13.38%
Other operating expenses	-	-	-	-
Net income	18.00M	102.00M	68.00M	246.00M
Net profit margin	0.66%	3.46%	2.19%	6.89%
Earnings per share	-	-	-	-
Interest and investment income	-	1.00M	-	2.00M
Interest expense	-3.00M	-2.00M	-4.00M	-2.00M
Net interest expenses	-3.00M	-1.00M	-4.00M	-
Depreciation and amortization charges	-	-	-	-
EBITDA	207.75M	243.00M	227.75M	419.25M
Gain or loss from assets sale	-	-	-	-

Finance

Research