Billings, which excludes Calculated Billings related to the wind down of support services for Oracle’s PeopleSoft software products, was ￥63.9 million for the third quarter of 2025, an increase of 6.7% compared to ￥59.9 million for the same period last year.

Remaining Performance Obligations (RPO) was a record ￥611.2 million as of September 30, 2025, an increase of 6.4% compared to ￥574.6 million as of September 30, 2024; excluding the wind down of support services for Oracle’s PeopleSoft software products, RPO was ￥599.0 million as of September 30, 2025, an increase of 9.3% compared to ￥547.8 million as of September 30, 2024.

Gross margin was 59.9% for the third quarter of 2025, compared to 60.7% for the same period last year.

Operating income was ￥4.4 million for the third quarter of 2025, compared to an operating loss of ￥49.6 million for the same period last year.

Non-GAAP Operating Income was ￥8.5 million for the third q
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