Consolidated Financial Results for the Fiscal Year Ended March 31, 2026(J-GAAP)(April 27, 2026)

April 27, 2026

(Amounts less than one million yen have been truncated)

1. Consolidated Financial Performance for the Fiscal Year Ended March 31, 2026

   (April 1, 2025 to March 31, 2026)

   1. Consolidated operating performance (Percentage figures indicate year-on-year change)

      	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Fiscal year ended March 31, 2026	162,278	1.9	11,249	53.8	12,378	52.8	8,765	106.2
      Fiscal year ended March 31, 2025	159,235	0.3	7,316	68.1	8,101	51.7	4,250	241.3

      Note: Comprehensive income

      Fiscal year ended March 31, 2026: ¥ 10,466 million (77.9%)

      Fiscal year ended March 31, 2025: ¥ 5,884 million (56.7%)

      	Net income per share	Diluted net income per share	Return on shareholders' equity	Ordinary income to total assets	Operating income to net sales
      	Yen	Yen	%	%	%
      Fiscal year ended March 31, 2026	1,477.51	-	17.2	12.6	6.9
      Fiscal year ended March 31, 2025	653.84	-	9.1	8.1	4.5

      Reference: Equity earnings (losses) of affiliates

      Fiscal year ended March 31, 2026: ¥ 665 million

      Fiscal year ended March 31, 2025: ¥ 492 million

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      Fiscal year ended March 31, 2026	99,725	53,070	53.2	9,363.27
      Fiscal year ended March 31, 2025	97,486	48,744	49.9	7,689.22

      Reference: Shareholders' equity

      As of March 31, 2026: ¥53,007 million As of March 31, 2025: ¥48,689 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investment activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   	Millions of yen	Millions of yen	Millions of yen	Millions of yen
   Fiscal year ended March 31, 2026	12,558	(7,204)	(5,869)	15,560
   Fiscal year ended March 31, 2025	7,563	(6,473)	(6,947)	15,698

2. Dividends

   	Dividends per Share					Total Dividends Paid (Annual)	Payout Ratio (Consolidated)	Dividends per Net Assets (Consolidated)
   	1Q	2Q	3Q	Year-End	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   Fiscal year ended March 31, 2025	-	90.00	-	150.00	240.00	1,545	36.7	3.3
   Fiscal year ended March 31, 2026	-	160.00	-	400.00	560.00	3,216	37.9	6.6
   Fiscal year ending March 31, 2027 (Forecast)	-	400.00	-	400.00	800.00		50.3

3. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2027

   (April 1, 2026 to March 31, 2027) (Percentage figures indicate changes from the same period of the previous year)

   	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Net income per share
   	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   Fiscal year ending March 31, 2027	163,000	0.4	11,700	4.0	13,100	5.8	9,000	2.7	1,589.78

4. Other

1. Changes in significant subsidiaries during the period

   (changes in specific subsidiaries resulting in changes in the scope of consolidation): No

2. Changes in accounting principles, procedures, presentation methods

   1. Changes associated with revision of accounting standards: None

   2. Changes other than 1): None

   3. Changes accounting estimation procedures: None

   4. Changes in presentation methods: None

3. Number of shares issued and outstanding (common stock)

   1. Number of shares issued and outstanding at end of year (including treasury stock) As of March 31, 2026: 5,900,000 shares

      As of March 31, 2025: 6,592,411 shares

   2. Number of shares of treasury stock at end of period As of March 31, 2026: 238,827 shares

      As of March 31, 2025: 260,170 shares

   3. Average number of shares outstanding during the period Fiscal year ended March 31, 2026: 5,932,322 shares

Fiscal year ended March 31, 2025: 6,500,648 shares

1. Non-consolidated Financial Performance for Fiscal Year Ended March 31, 2026

   (April 1, 2025 to March 31, 2026)

   1. Non-consolidated operating performance (Percentage figures indicate year-on-year change)

      	Net sales		Operating income		Ordinary income		Net income
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Fiscal year ended March 31, 2026	83,676	5.7	3,953	41.4	11,377	28.9	9,461	66.7
      Fiscal year ended March 31, 2025	80,196	5.7	2,795	89.8	8,827	10.5	5,675	280.8

      	Net income per share	Diluted net income per share
      	Yen	Yen
      Fiscal year ended March 31, 2026	1,594.83	-
      Fiscal year ended March 31, 2025	873.08	-

   2. Non-consolidated Financial Position

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Millions of yen	Millions of yen	%	Yen
   Fiscal year ended March 31, 2026	70,243	36,781	52.4	6,497.13
   Fiscal year ended March 31, 2025	66,707	33,451	50.1	5,282.66

   Reference: Shareholders' equity

   As of March 31, 2026: ¥36,781 million As of March 31, 2025: ¥33,451 million

2. Forecast of Non-Consolidated Financial Performance for the Fiscal Year Ending March 31, 2027

   (April 1, 2026 to March 31, 2027) (Percentage figures indicate changes from the same period of the previous year)

   	Net sales		Operating income		Ordinary income		Net income		Net income per share
   	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   Fiscal year ending March 31, 2027	85,500	2.2	4,000	1.2	9,300	-18.3	7,200	-23.9	1,271.82

   • The consolidated financial results presented herein are not subject to the audit procedures by certified public accountant or audit firm.

   • Explanations for proper use of forecasts and other specific affairs

   The forward-looking statement such as forecast of financial performance etc. described in this report based on information currently available and certain assumptions judged to be reasonable. Actual performance may differ significantly from these projections due to various factors.

3. Consolidated Financial Statements

   1. Consolidated balance sheets (Millions of yen)

      	FY2024 As of March 31, 2025	FY2025 As of March 31, 2026
      	Amount	Amount
      (Assets)
      Current assets
      Cash and deposits	16,926	16,441
      Notes receivable-trade	575	480
      Electronically recorded monetary claims-operating	2,151	2,209
      Accounts receivable-trade	24,677	23,501
      Merchandise and finished goods	3,563	3,397
      Work in process	1,090	972
      Raw materials and supplies	10,130	9,824
      Others	2,799	2,442
      Allowance for doubtful accounts	(494)	(479)
      Total current assets	61,419	58,790
      Noncurrent assets
      Tangible fixed assets
      Buildings and structures	25,119	27,015
      Accumulated depreciation	(18,870)	(19,579)
      Building and structures, net	6,248	7,436
      Machinery, equipment and vehicles	69,659	72,799
      Accumulated depreciation	(57,392)	(58,955)
      Machinery, equipment and vehicles, net	12,266	13,844
      Land	2,568	2,568
      Lease assets	2,427	4,568
      Accumulated depreciation	(1,129)	(3,149)
      Lease assets, net	1,297	1,418
      Construction in progress	4,044	3,024
      Other tangible fixed assets	36,473	37,444
      Accumulated depreciation	(34,568)	(35,342)
      Other tangible fixed assets, net	1,905	2,102
      Total tangible fixed assets	28,331	30,394
      Intangible assets	1,883	1,788
      Other intangible assets
      Total intangible assets	1,883	1,788
      Investments and other assets
      Investment securities	2,841	3,275
      Net defined benefit asset	2,300	4,347
      Deferred tax assets	225	248
      Others	484	881
      Total investments and other assets	5,851	8,752
      Total noncurrent assets	36,067	40,934
      Total assets	97,486	99,725

      (Millions of yen)

      	FY2024 As of March 31, 2025	FY2025 As of March 31, 2026
      	Amount	Amount
      (Liabilities)
      Current liabilities
      Notes and accounts payable-trade	12,550	11,773
      Electronically recorded obligations - operating	3,623	935
      Short-term loans payable	6,040	3,330
      Lease obligations	477	1,170
      Income taxes payable	849	1,734
      Accrued expenses	3,687	3,410
      Provision for bonuses	1,696	1,760
      Provision for directors' bonuses	54	81
      Provision for product warranties	1,209	626
      Provision for loss on order received	214	249
      Electronically recorded obligations - non-operating	241	204
      Others	1,357	1,066
      Total current liabilities	32,003	26,343
      Noncurrent liabilities
      Long-term loans payable	12,590	16,170
      Lease obligations	2,403	1,186
      Deferred tax liabilities	1,017	1,746
      Net defined benefit liability	404	524
      Provision for share awards	186	547
      Asset retirement obligations	94	94
      Others	42	40
      Total noncurrent liabilities	16,738	20,310
      Total liabilities	48,742	46,654
      (Net assets)
      Shareholders' equity
      Capital stock	8,570	8,570
      Capital surplus	6,877	6,863
      Retained earnings	25,512	28,815
      Treasury stock	(901)	(1,565)
      Total shareholders' equity	40,059	42,683
      Valuation and translation adjustments
      Valuation difference on available-for-sale securities	18	28
      Foreign currency translation adjustment	6,976	7,594
      Remeasurements of defined benefit plans	1,635	2,700
      Total accumulated other comprehensive income	8,630	10,323
      Non-controlling interests	54	63
      Total net assets	48,744	53,070
      Total liabilities and net assets	97,486	99,725

   2. Consolidated statements of income and consolidated statement of comprehensive income (Consolidated statements of income)

      (Millions of yen)

      	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
      	Amount	Amount
      Net sales	159,235	162,278
      Cost of sales	139,108	139,134
      Gross profit	20,127	23,144
      Selling, general and administrative expenses
      Packing and delivery expenses	1,797	1,892
      Provision for product warranties	965	279
      Directors' compensations	156	156
      Salaries and allowances	2,587	2,803
      Provision for bonuses	571	545
      Provision for directors' bonuses	54	81
      Provision for directors' retirement benefits	(36)	(67)
      Retirement benefit expenses	50	66
      Welfare expenses	1,584	1,832
      Depreciation	487	546
      Rent expenses	526	470
      Transportation and communication expenses	465	467
      Research and development expenses	1,687	1,222
      Entertainment expenses	32	26
      Provision of allowance for doubtful accounts	355	(19)
      Commission Fee	328	356
      Miscellaneous expenses	1,196	1,233
      Total selling, general and administrative expenses	12,810	11,894
      Operating income (loss)	7,316	11,249
      Non-operating income
      Interest income	307	275
      Dividends income	3	5
      Equity in earnings of affiliates	492	665
      Foreign exchange gains	6	58
      Others	386	403
      Total non-operating income	1,195	1,408
      Non-operating expenses
      Interest expenses	407	247
      Others	3	31
      Total non-operating expenses	410	278
      Ordinary income	8,101	12,378

      (Millions of yen)

      	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
      	Amount	Amount
      Extraordinary income
      Gain on sales of noncurrent assets	12	33
      Gain on sales of investment securities	-	460
      Total extraordinary income	12	494
      Extraordinary loss
      Loss on retirement of noncurrent assets	1,217	56
      Loss on sales of noncurrent assets	11	37
      Impairment loss	303	174
      Total extraordinary loss	1,531	268
      Income (loss) before income taxes	6,582	12,604
      Income taxes-current	2,423	3,641
      Income taxes-deferred	(102)	188
      Total income taxes	2,320	3,829
      Profit (loss)	4,261	8,774
      Profit (loss) attributable to non-controlling interests	11	9
      Profit (loss) attributable to owners of parent	4,250	8,765

      (Consolidated statement of comprehensive income)

      (Millions of yen）

      	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
      	Amount	Amount
      Profit (loss)	4,261	8,774
      Other comprehensive income
      Valuation difference on available-for-sale securities	(0)	9
      Foreign currency translation adjustment	2,020	682
      Remeasurements of defined benefit plans, net of tax	(340)	1,068
      Share of other comprehensive income of associates accounted for using equity method	(56)	(68)
      Total other comprehensive income	1,622	1,691
      Comprehensive income	5,884	10,466
      (Breakdown)
      Comprehensive income attributable to owners of parent	5,868	10,457
      Comprehensive income attributable to non-controlling interests	15	8

   3. Consolidated statements of changes in net assets

      Fiscal year ended March 31, 2025 (April 1, 2024 to March 31, 2025)

      (Millions of yen)

      	Shareholders' Equity
      	Capital stock	Capital surplus	Retained earnings	Treasury stock	Total shareholders' equity
      As of April 1, 2024	8,570	6,911	22,510	(114)	37,877
      Changes of items during the period
      Dividends from surplus			(1,248)		(1,248)
      Profit attributable to owners of parent			4,250		4,250
      Purchase of treasury stock				(820)	(820)
      Disposal of treasury stock		13		33	47
      Change in ownership interest of parent due to transactions with non-controlling interests		(47)			(47)
      Net changes of items other than shareholders' equity			0
      Total changes of items during the period	-	(34)	3,001	(786)	2,181
      As of March 31, 2025	8,570	6,877	25,512	(901)	40,059

      	Valuation and translation adjustments				Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total valuation and translation adjustments
      As of April 1, 2024	19	5,012	1,980	7,012	396	45,286
      Changes of items during the period
      Dividends from surplus						(1,248)
      Profit attributable to owners of parent						4,250
      Purchase of treasury stock						(820)
      Disposal of treasury stock						47
      Change in ownership interest of parent due to transactions with non-controlling interests						(47)
      Net changes of items other than shareholders' equity	(0)	1,964	(345)	1,618	(342)	1,276
      Total changes of items during the period	(0)	1,964	(345)	1,618	(342)	3,457
      As of March 31, 2025	18	6,976	1,635	8,630	54	48,744

      Fiscal year ended March 31, 2026 (April 1, 2025 to March 31, 2026)

      (Millions of yen)

      	Shareholders' Equity
      	Capital stock	Capital surplus	Retained earnings	Treasury stock	Total shareholders' equity
      As of April 1, 2025	8,570	6,877	25,512	(901)	40,059
      Changes of items during the period
      Dividends from surplus			(1,896)		(1,896)
      Profit attributable to owners of parent			8,765		8,765
      Purchase of treasury stock				(4,293)	(4,293)
      Disposal of treasury stock		1		48	49
      Cancellation of treasury stock		(14)	(3,565)	3,580	-
      Change in ownership interest of parent due to transactions with non-controlling interests
      Net changes of items other than shareholders' equity
      Total changes of items during the period	-	(13)	3,302	(664)	2,624
      As of March 31, 2026	8,570	6,863	28,815	(1,565)	42,683

      	Valuation and translation adjustments				Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total valuation and translation adjustments
      As of April 1, 2025	18	6,976	1,635	8,630	54	48,744
      Changes of items during the period
      Dividends from surplus						(1,896)
      Profit attributable to owners of parent						8,765
      Purchase of treasury stock						(4,293)
      Disposal of treasury stock						49
      Cancellation of treasury stock						-
      Change in ownership interest of parent due to transactions with non-controlling interests
      Net changes of items other than shareholders' equity	9	617	1,064	1,692	8	1,701
      Total changes of items during the period	9	617	1,064	1,692	8	4,325
      As of March 31, 2026	28	7,594	2,700	10,323	63	53,070

   4. Consolidated statements of cash flows

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   Net cash provided by (used in) operating activities
   Income (loss) before income taxes	6,582	12,604
   Depreciation and amortization	5,655	5,650
   Impairment loss	303	174
   Retirement benefit expenses	(308)	(410)
   Increase (decrease) in net defined benefit liability	28	60
   Increase (decrease) in allowance for doubtful accounts	350	(27)
   Increase (decrease) in provision for bonuses	26	64
   Increase (decrease) in provision for directors' bonuses	21	27
   Increase (decrease) in provision for product warranties	378	(593)
   Loss on retirement of noncurrent assets	1,217	56
   Loss (gain) on sales of tangible fixed assets	(1)	4
   Loss (gain) on sales of investment securities	-	(460)
   Interests and dividends income	(310)	(280)
   Interests expenses	407	247
   Foreign exchange losses (gains)	(370)	(111)
   Equity in (earnings) losses of affiliates	(492)	(665)
   Decrease (increase) in notes and accounts receivable-trade	3,773	1,504
   Decrease (increase) in inventories	(340)	765
   Increase (decrease) in notes and accounts payable-trade	(6,548)	(3,685)
   Decrease (increase) in other current assets	(106)	421
   Increase (decrease) in other current liabilities	(289)	(537)
   Other, net	186	382
   Subtotal	10,162	15,190
   Interest and dividends income received	494	440
   Interest expenses paid	(421)	(261)
   Income taxes paid	(2,672)	(2,810)
   Net cash provided by (used in) operating activities	7,563	12,558

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   Net cash provided by (used in) investing activities
   Proceeds from withdrawal of time deposits	1,366	1,893
   Payments into time deposits	(2,140)	(1,584)
   Purchase of tangible fixed assets	(5,047)	(7,444)
   Proceeds from sales of tangible fixed assets	11	72
   Purchase of intangible assets	(239)	(206)
   Purchase of investment securities	(580)	-
   Proceeds from sales of investment securities	-	464
   Other, net	157	(401)
   Net cash provided by (used in) investing activities	(6,473)	(7,204)
   Net cash provided by (used in) financing activities
   Net increase (decrease) in short-term loans payable	(5,464)	(2,010)
   Proceeds from long-term loans payable	2,180	6,710
   Repayment of long-term loans payable	(670)	(3,870)
   Purchase of treasury stock	(820)	(4,293)
   Cash dividends paid	(1,248)	(1,896)
   Cash dividends paid to non-controlling shareholders	(100)	-
   Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	(381)	-
   Others	(441)	(508)
   Net cash provided by (used in) financing activities	(6,947)	(5,869)
   Effect of exchange rate change on cash and cash equivalents	1,350	377
   Net increase (decrease) in cash and cash equivalents	(4,506)	(137)
   Cash and cash equivalents at beginning of period	20,204	15,698
   Cash and cash equivalents at end of period	15,698	15,560

4. Non-Consolidated Financial Statements

1. Non-consolidated balance sheets

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   (Assets)
   Current assets
   Cash and deposits	3,801	4,309
   Electronically recorded monetary claims-operating	2,151	2,209
   Accounts receivable-trade	16,642	16,387
   Merchandise and finished goods	1,868	1,479
   Work in process	600	481
   Raw materials and supplies	2,257	2,240
   Prepaid expenses	106	118
   Accounts receivable-other	3,550	2,151
   Other current assets	16	48
   Total current assets	30,996	29,426
   Noncurrent assets
   Tangible Fixed Assets
   Buildings	13,692	15,078
   Accumulated depreciation	(10,927)	(11,120)
   Buildings, net	2,765	3,958
   Structures	1,572	1,732
   Accumulated depreciation	(1,337)	(1,370)
   Structures, net	235	361
   Machinery and equipment	29,060	32,319
   Accumulated depreciation	(23,087)	(24,362)
   Machinery and equipment, net	5,973	7,956
   Vehicles	176	177
   Accumulated depreciation	(119)	(121)
   Vehicles, net	57	56
   Tools, furniture and fixtures	27,231	27,385
   Accumulated depreciation	(26,323)	(26,560)
   Tools, furniture and fixtures, net	908	824
   Land	1,782	1,752
   Lease assets	6	6
   Accumulated depreciation	(5)	(6)
   Lease assets, net	1	0
   Construction in progress	2,601	2,040
   Other, net	0	0
   Total Tangible Fixed Assets	14,325	16,952
   Intangible assets
   Software	1,128	866
   Other intangible assets	476	550
   Total intangible assets	1,605	1,417

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   Investments and other assets
   Investment securities	39	35
   Stocks of subsidiaries and affiliates	11,095	11,095
   Investments in capital	72	72
   Investments in capital of subsidiaries and affiliates	8,124	10,073
   Long-term prepaid expenses	7	5
   Deferred tax assets	1,087	920
   Net defined benefit asset	-	469
   Others	130	552
   Allowance for investment loss	(776)	(776)
   Total investments and other assets	19,780	22,447
   Total noncurrent assets	35,710	40,817
   Total assets	66,707	70,243
   (Liabilities)
   Current liabilities
   Electronically recorded obligations - operating	3,623	935
   Accounts payable-trade	7,320	6,759
   Short-term loans payable	4,070	3,330
   Lease obligations	0	0
   Accounts payable-other	390	430
   Income taxes payable	393	1,195
   Accrued consumption taxes	300	-
   Accrued expenses	1,668	1,706
   Advances received	219	163
   Deposits received	74	73
   Provision for bonuses	1,615	1,623
   Provision for directors' bonuses	54	81
   Provision for product warranties	392	106
   Electronically recorded obligations - non-operating	241	204
   Others	12	10
   Total current liabilities	20,378	16,621
   Noncurrent liabilities
   Long-term loans payable	12,590	16,170
   Lease obligations	0	0
   Provision for retirement benefits	34	48
   Provision for share awards	176	519
   Asset retirement obligations	63	63
   Others	11	38
   Total noncurrent liabilities	12,877	16,840
   Total liabilities	33,256	33,462

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   (Net assets）
   Shareholders' equity
   Capital stock	8,570	8,570
   Capital surplus
   Legal capital surplus	7,331	7,331
   Other capital surplus	13	-
   Total capital surplus	7,344	7,331
   Retained earnings
   Legal retained earnings	1,097	1,097
   Other retained earnings
   Reserve for dividends	500	500
   Reserve for special account for advanced depreciation of noncurrent assets	95	91
   General reserve	8,130	8,130
   Retained earnings brought forward	8,595	12,597
   Total retained earnings	18,417	22,416
   Treasury stock	(901)	(1,565)
   Total shareholders' equity	33,432	36,752
   Valuation and translation adjustments	18	28
   Valuation difference on available-for-sale securities
   Total valuation and translation adjustments	18	28
   Total net assets	33,451	36,781
   Total liabilities and net assets	66,707	70,243

2. Non-consolidated statements of income

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   Net sales	80,196	83,676
   Cost of sales
   Beginning finished goods	1,395	1,696
   Cost of products manufactured	61,975	64,451
   Purchase of finished goods	2,259	1,211
   Transfer from other account	5,098	5,480
   Total	70,728	72,840
   Finished goods transfer to other account	291	250
   Ending finished goods	1,696	1,285
   Cost of finished goods sold	68,741	71,304
   Gross profit	11,455	12,372
   Selling, general and administrative expenses
   Packing and delivery expenses	2,763	2,902
   Advertising expenses	30	31
   Provision for product warranties	393	34
   Directors' compensations	141	148
   Salaries and allowances	1,131	1,337
   Provision for bonuses	426	336
   Provision for directors' bonuses	54	81
   Provision for retirement benefits	(42)	(74)
   Welfare expenses	444	532
   Depreciation	338	368
   Repair expenses	142	358
   Taxes and dues	111	112
   Rent expenses	407	311
   Transportation and communication expenses	287	286
   Provision for share awards	43	48
   Research and development expenses	1,634	1,187
   Insurance expenses	10	9
   Stationery expenses	50	46
   Entertainment expenses	18	13
   Commission Fee	191	213
   Miscellaneous expenses	79	132
   Total selling, general and administrative expense	8,659	8,418
   Operating income (loss)	2,795	3,953
   Non-operating income
   Interest income	36	16
   Interest on securities	0	-
   Dividends income	5,856	7,084
   Foreign exchange gains	35	205
   Others	218	293
   Total non-operating income	6,147	7,600

   (Millions of yen)

   	FY2024 (Apr. 1, 2024-Mar. 31, 2025	FY2025 (Apr. 1, 2025-Mar. 31, 2026
   	Amount	Amount
   Non-operating expenses
   Interest expenses	102	154
   Others	12	21
   Total non-operating expenses	115	176
   Ordinary income	8,827	11,377
   Extraordinary income
   Gain on sales of noncurrent assets	5	23
   Gain on sales of investment securities	-	460
   Total extraordinary income	5	484
   Extraordinary Loss
   Loss on sales of noncurrent assets	-	37
   Loss on retirement of noncurrent assets	1,325	56
   Impairment loss	0	-
   Provision of allowance for investment loss	776	-
   Loss on valuation of investments in capital of subsidiaries and affiliates	65	-
   Total extraordinary loss	2,168	94
   Income before income taxes	6,664	11,768
   Income taxes-current	1,080	2,139
   Income taxes-deferred	(90)	167
   Total income taxes	989	2,307
   Net income(loss)	5,675	9,461

3. Non-consolidated statements of changes in net assets

Fiscal year ended March 31, 2025 (April 1, 2024 to March 31, 2025)

(Millions of yen)

Fiscal year ended March 31, 2026 (April 1, 2025 to March 31, 2026)

(Millions of yen)