Net sales for FY2025 increased by 3.0% YoY to JPY 444,820 million due to an increasing trend in the average unit rent. Operating profit increased by 23.0% YoY to JPY 35,966 million, as the improvement of profitability due to increased revenue and reduced cost of sales outweighed the increase in SG&A expenses associated with human capital investment, such as an increase in the number of employees and improvements to workers’ compensation and benefits. EBITDA increased by 19.8% YoY to JPY 39,211 million, and recurring profit increased by 29.4% YoY to JPY 34,842 million, both progressing smoothly.
Net income attributable to shareholders of the parent was JPY 14,933 million, down 16.4% YoY, mainly due to the recording of JPY 10,068 million in loss on cancellation of treasury stock acquisition rights under extraordinary losses as well as JPY 8,224 million in income taxes - deferred in line with a partial reversal of deferred tax assets.

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net sales	511,424	520,488	530,840	505,223	433,553	408,959	398,366	406,449	422,671	431,831	444,820
Cost of sales	422,604	427,820	434,762	428,988	408,112	387,872	352,289	353,163	353,836	354,537	355,611
Gross profit	88,820	92,668	96,077	76,235	25,441	21,086	46,077	53,285	68,835	77,293	89,208
Gross profit ratio	17.4%	17.8%	18.1%	15.1%	5.9%	5.2%	11.6%	13.1%	16.3%	17.9%	20.1%
SG&A	67,823	69,769	73,147	68,844	61,915	50,269	44,302	43,406	45,521	48,062	53,242
Operating profit	20,996	22,898	22,930	7,390	-36,473	-29,182	1,774	9,879	23,313	29,231	35,966
Operating profit ratio	4.1%	4.4%	4.3%	1.5%	-8.4%	-7.1%	0.4%	2.4%	5.5%	6.8%	8.1%
Recurring profit	19,820	22,355	22,354	7,063	-36,341	-34,170	-2,151	6,526	19,476	26,936	34,842
Net income	19,432	20,401	14,819	-68,662	-80,224	-23,680	11,854	19,810	42,062	17,861	14,933
EBITDA	30,611	32,235	34,656	20,336	-24,316	-18,766	11,127	16,449	27,974	32,734	39,211