Quarterly Highlights

(Non-consolidated)Net Sales

up 11.0%
◾️Number of engineers increased
◾️Utilization rate remained high
↓
◾️Number of operative personnel increased
◾️Unit price of engineers rose

(Non-consolidated)Operating Profit

◾️As the percentage increase in SG&A expenses exceeded that of gross profit at 18.7% versus 11.3%, the percentage increase in operating profit fell below that of gross profit.

(Non-consolidated)Ordinary Profit

up 18.1%
◾️Operating profit growth is the contributing factor

(Non-consolidated)Profit

up 18.3%
◾️A profit growth trend is reflected in net income

FY2027 (Reporting Period 65) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	3,162	100.0	11.0
Cost of sales	1,878	59.4	8.7
Gross profit	1,283	40.6	14.7
Selling, general and administrative expenses	668	21.1	11.3
Operating profit	615	19.5	18.7
Ordinary profit	613	19.4	18.1
Profit	426	13.5	18.3

FY2026 (Reporting Period 64) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	2,847	100.0	7.6	3,028	100.0	8.1	3,024	100.0	7.7	3,053	100.0	6.4
Cost of sales	1,728	60.7	7.9	1,787	59.0	4.1	1,947	64.4	4.8	1,947	63.8	6.0
Gross profit	1,118	39.3	7.2	1,241	41.0	14.4	1,076	35.6	13.3	1,106	36.2	7.1
Selling, general and administrative expenses	600	21.1	5.6	660	21.8	10.1	650	21.5	16.7	679	22.3	17.9
Operating profit	518	18.2	9.1	581	19.2	19.8	425	14.1	8.5	427	14.0	(6.5)
Ordinary profit	519	18.3	9.2	581	19.2	19.7	427	14.2	6.4	425	13.9	(7.0)
Profit	360	12.7	9.1	409	13.5	20.1	298	9.9	6.6	329	10.8	6.7

FY2025 (Reporting Period 63) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	2,646	100.0	6.1	2,801	100.0	11.5	2,807	100.0	10.2	2,870	100.0	12.3
Cost of sales	1,601	60.5	4.8	1,716	61.3	8.2	1,857	66.2	5.8	1,837	64.0	8.1
Gross profit	1,044	39.5	8.2	1,084	38.7	17.2	950	33.8	20.0	1,033	36.0	20.6
Selling, general and administrative expenses	568	21.5	16.8	599	21.4	14.9	557	19.9	10.0	576	20.1	15.3
Operating profit	475	18.0	(0.6)	485	17.3	20.1	392	14.0	38.0	456	15.9	28.2
Ordinary profit	476	18.0	(0.6)	485	17.3	20.4	402	14.3	37.2	457	15.9	28.3
Profit	330	12.5	(0.7)	341	12.2	19.9	279	10.0	37.9	309	10.8	33.7

FY2024 (Reporting Period 62) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	2,493	100.0	11.7	2,512	100.0	9.7	2,547	100.0	7.5	2,556	100.0	8.8
Cost of sales	1,528	61.3	10.2	1,587	63.2	5.6	1,755	68.9	5.4	1,699	66.5	5.5
Gross profit	965	38.7	14.2	925	36.8	17.6	791	31.1	12.7	856	33.5	15.9
Selling, general and administrative expenses	487	19.5	4.3	521	20.8	10.0	507	19.9	10.2	500	19.6	4.6
Operating profit	477	19.2	26.4	404	16.1	29.2	284	11.2	17.4	356	13.9	36.6
Ordinary profit	479	19.2	26.4	403	16.1	29.1	293	11.5	17.2	356	13.9	36.6
Profit	333	13.4	26.5	284	11.3	31.5	202	8.0	16.9	231	9.0	(4.4)

FY2023 (Reporting Period 61) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	2,232	100.0	11.4	2,290	100.0	15.9	2,368	100.0	17.5	2,350	100.0	11.6
Cost of sales	1,387	62.1	15.9	1,503	65.6	17.3	1,666	70.3	24.0	1,611	68.6	8.8
Gross profit	845	37.9	4.8	787	34.4	13.1	702	29.7	4.5	739	31.4	18.1
Selling, general and administrative expenses	467	20.9	(2.8)	474	20.7	4.2	460	19.4	10.9	478	20.3	8.8
Operating profit	378	16.9	16.0	312	13.7	30.0	242	10.2	(5.9)	260	11.1	40.1
Ordinary profit	379	17.0	15.0	312	13.7	24.6	250	10.6	(4.1)	261	11.1	36.7
Profit	263	11.8	15.1	216	9.4	13.1	173	7.3	(4.1)	241	10.3	89.3

FY2022 (Reporting Period 60) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	2,003	100.0	6.9	1,976	100.0	11.1	2,016	100.0	15.8	2,106	100.0	18.4
Cost of sales	1,197	59.8	4.4	1,281	64.8	16.6	1,343	66.7	26.7	1,480	70.3	30.3
Gross profit	806	40.2	10.8	695	35.2	2.3	672	33.3	(1.2)	625	29.7	(2.7)
Selling, general and administrative expenses	480	24.0	4.8	455	23.0	(4.0)	414	20.6	(14.6)	439	20.9	3.0
Operating profit	326	16.3	21.1	240	12.2	16.6	257	12.8	32.3	186	8.8	(14.1)
Ordinary profit	329	16.4	21.8	250	12.7	19.5	260	12.9	24.5	190	9.1	(13.3)
Profit	228	11.4	22.1	191	9.7	31.7	181	9.0	24.6	127	6.1	(15.3)

FY2021 (Reporting Period 59) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	1,874	100.0	15.8	1,779	100.0	0.9	1,740	100.0	(2.8)	1,779	100.0	(2.7)
Cost of sales	1,147	61.2	14.1	1,099	61.8	1.9	1,060	60.9	(7.7)	1,136	63.8	(7.6)
Gross profit	727	38.8	18.7	680	38.2	(0.7)	680	39.1	5.9	643	36.2	7.3
Selling, general and administrative expenses	458	24.5	5.6	474	26.6	8.6	485	27.9	30.9	426	24.0	3.4
Operating profit	269	14.4	50.5	206	11.6	(17.0)	194	11.2	(28.3)	216	12.2	15.8
Ordinary profit	270	14.4	49.9	209	11.8	(16.7)	209	12.0	(23.4)	220	12.4	17.4
Profit	187	10.0	50.3	145	8.2	(16.5)	145	8.3	(23.3)	150	8.5	20.2

FY2020 (Reporting Period 58) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	1,618	100.0	7.9	1,764	100.0	11.3	1,790	100.0	9.3	1,828	100.0	13.7
Cost of sales	1,005	62.1	8.8	1,078	61.2	9.8	1,148	64.1	6.6	1,229	67.2	17.1
Gross profit	613	37.9	6.6	685	38.8	13.7	642	35.9	14.3	599	32.8	7.3
Selling, general and administrative expenses	434	26.8	17.4	436	24.7	5.6	371	20.7	5.5	412	22.6	9.1
Operating profit	178	11.1	(12.9)	248	14.1	31.4	271	15.1	29.0	187	10.2	3.7
Ordinary profit	180	11.2	(12.8)	251	14.3	29.6	273	15.3	29.2	187	10.2	3.7
Profit	124	7.7	(12.5)	173	9.9	30.4	189	10.6	30.3	125	6.9	4.8

FY2019 (Reporting Period 57) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	1,499	100.0	8.4	1,584	100.0	9.6	1,638	100.0	11.8	1,608	100.0	9.5
Cost of sales	924	61.6	10.2	982	62.0	6.8	1,076	65.7	7.6	1,049	65.3	8.6
Gross profit	575	38.4	5.7	602	38.0	14.3	562	34.3	20.9	558	34.7	11.0
Selling, general and administrative expenses	369	24.6	6.0	413	26.1	15.8	351	21.5	5.8	378	23.5	18.2
Operating profit	205	13.7	5.2	189	11.9	11.3	210	12.8	58.5	180	11.2	(1.5)
Ordinary profit	206	13.8	5.4	194	12.3	11.2	211	12.9	56.8	180	11.3	(1.7)
Profit	142	9.5	4.1	133	8.4	11.4	145	8.9	56.5	119	7.4	(9.0)

FY2018 (Reporting Period 56) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	1,382	100.0	8.3	1,446	100.0	12.5	1,466	100.0	13.9	1,469	100.0	12.8
Cost of sales	838	60.7	5.1	919	63.6	9.5	1,001	68.3	17.3	966	65.7	12.4
Gross profit	544	39.3	13.7	527	36.4	18.1	465	31.7	7.3	503	34.3	13.3
Selling, general and administrative expenses	348	25.2	15.8	356	24.7	9.9	332	22.7	6.5	320	21.8	2.8
Operating profit	195	14.1	10.1	170	11.8	39.9	132	9.0	9.2	183	12.5	38.0
Ordinary profit	196	14.2	9.4	174	12.1	39.1	135	9.2	7.9	184	12.5	37.6
Profit	136	9.9	17.2	119	8.3	44.9	92	6.3	12.4	131	9.0	61.5

FY2017 (Reporting Period 55) (Accounting period)

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	Q1 (Feb. – Apr.)			Q2 (May – Jul.)			Q3 (Aug. – Oct.)			Q4 (Nov. – Jan.)
	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)	Result (¥ million)	% of Net sales	YOY (%)
Net sales	1,276	100.0	–	1,286	100.0	–	1,287	100.0	–	1,303	100.0	–
Cost of sales	798	62.5	–	839	65.3	–	853	66.3	–	859	65.9	–
Gross profit	478	37.5	–	446	34.7	–	433	33.7	–	444	34.1	–
Selling, general and administrative expenses	301	23.6	–	324	25.3	–	312	24.2	–	311	23.2	–
Operating profit	177	13.9	–	121	9.4	–	121	9.4	–	132	10.8	–
Ordinary profit	179	14.1	–	125	9.8	–	125	9.7	–	133	10.9	–
Profit	116	9.1	–	82	6.4	–	82	6.4	–	81	6.9	–

Major Indicators

Data on major indicators is provided below as an Excel file for use in spreadsheet software.
Quarterly Financial Fact Book for Q4 (FY2026) [Excel 23.9KB]
Financial Fact Book for full year (FY2026) [Excel 28.6KB]