Statements of Income

Consolidated Statements of Income

(Millions of yen)

	For the fiscal year ended May 31, 2024	For the fiscal year ended May 31, 2025
Net sales	356,733	309,240
Cost of sales	271,907	241,281
Gross profit	84,825	67,958
Selling, general and administrative expenses	78,030	69,196
Operating profit (loss)	6,794	(1,237)
Non-operating income
Interest income	43	159
Share of profit of entities accounted for using equity method	131	134
Sponsorship money income	83	234
Subsidy income	523	198
Other	363	618
Total non-operating income	1,145	1,346
Non-operating expenses
Interest expenses	439	331
Commitment fees	64	30
Other	283	206
Total non-operating expenses	787	568
Ordinary profit (loss)	7,152	(460)
Extraordinary income
Gain on sale of non-current assets	2	96
Gain on sale of investment securities	0	76
Gain on sale of shares of subsidiaries and associates	112,040	-
Gain on change in equity	17	5
Total extraordinary income	112,060	178
Extraordinary losses
Loss on sale and retirement of non-current assets	299	190
Impairment losses	10,811	237
Loss on valuation of investment securities	685	50
Costs related on sales of shares of subsidiaries and associates	1,164	-
Expo exhibit related expenses	-	4,821
Loss on litigation	-	246
Total extraordinary losses	12,961	5,545
Profit (loss) before income taxes	106,251	(5,826)
Income taxes - current	4,926	1,989
Income taxes - deferred	1,886	126
Total income taxes	6,813	2,115
Profit (loss)	99,438	(7,942)
Profit attributable to non-controlling interests	3,547	716
Profit (loss) attributable to owners of parent	95,891	(8,658)

Consolidated Statement of Comprehensive Income

(Millions of yen)

	For the fiscal year ended May 31, 2024	For the fiscal year ended May 31, 2025
Profit (loss)	99,438	(7,942)
Other comprehensive income
Valuation difference on available-for-sale securities	(725)	(25)
Foreign currency translation adjustment	274	(84)
Remeasurements of defined benefit plans, net of tax	364	(364)
Share of other comprehensive income of entities accounted for using equity method	0	(0)
Total other comprehensive income	(86)	(474)
Comprehensive income	99,351	(8,416)
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	95,779	(9,125)
Comprehensive income attributable to non-controlling interests	3,572	709