ar.

Gross margin was 61.0% for the 2025 first quarter compared to 59.8% for the same period last year.

Operating income was ￥9.4 million for the 2025 first quarter compared to ￥3.4 million for the same period last year.

Non-GAAP Operating Income was ￥14.5 million for the 2025 first quarter compared to ￥8.8 million for the same period last year.

Net income was ￥3.4 million for the 2025 first quarter compared to ￥1.3 million for the same period last year.

Non-GAAP Net Income was ￥8.4 million for the 2025 first quarter compared to ￥6.8 million for the same period last year.

Adjusted EBITDA for the 2025 first quarter was ￥15.3 million compared to ￥10.7 million for the same period last year.

Basic and diluted earnings per share attributable to common stockholders was ￥0.04 for the 2025 first quarter compared to ￥0.01 for the same period last year.

Cash and cash equivalents were ￥122.6 million at
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