v3.26.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
¥ in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2026
USD ($)
$ / shares
shares
Feb. 28, 2026
JPY (¥)
¥ / shares
shares
Feb. 28, 2025
JPY (¥)
¥ / shares
shares
Feb. 29, 2024
JPY (¥)
¥ / shares
shares
Income Statement [Abstract]        
Revenue - third parties $ 46,506 ¥ 7,257,218 ¥ 7,276,479 ¥ 7,476,565
Revenue - related parties 93,807 14,638,572 13,842,825 10,040,166
Total Revenue 140,313 21,895,790 21,119,304 17,516,731
Cost of revenue 88,727 13,845,797 13,729,851 12,193,425
Gross profit 51,586 8,049,993 7,389,453 5,323,306
Operating expenses        
Selling, general, and administrative expenses 26,589 4,149,281 4,171,455 2,469,969
Research and development expenses 9,848 [1] 1,536,704 [1] 1,057,697 [2] 960,940
Total operating expenses 36,437 5,685,985 5,229,152 3,430,909
Operating profit 15,149 2,364,008 2,160,301 1,892,397
Other income (expense)        
Interest expenses, net (274) (42,785) (49,498) (36,978)
(Loss) gain from disposal of long-lived assets 7 1,092 (1,370) (154)
Gain (loss) from change in fair market value of equity securities (718) (112,100) (44,352) 71,165
Gain (loss) from foreign currency exchange 82 12,735 (34,515) 8,904
Impairment loss on long-term investment (583) (91,021)
Gain on bargain purchase 684 106,805
Other income, net 535 83,557 5,981 3,735
Total other income (expense), net (267) (41,717) (123,754) 46,672
INCOME BEFORE INCOME TAX PROVISION 14,882 2,322,291 2,036,547 1,939,069
PROVISION (BENEFIT) FOR INCOME TAXES        
Current 6,602 1,030,260 953,843 703,501
Deferred (2,098) (327,464) (271,623) (163,968)
Total provision for income taxes 4,504 702,796 682,220 539,533
Net income 10,378 1,619,495 1,354,327 1,399,536
Less: net income attributable to non-controlling interests (108) (16,895) (23,709) (28,902)
Net income attributable to the Company's ordinary shareholders 10,270 1,602,600 1,330,618 1,370,634
Other comprehensive income, net of tax:        
Foreign currency translation adjustments 389 60,685 248 44,105
Total comprehensive income 10,767 1,680,180 1,354,575 1,443,641
Less: comprehensive income attributable to non-controlling interests (185) (28,828) (23,572) (42,137)
Comprehensive income attributable to the Company $ 10,582 ¥ 1,651,352 ¥ 1,331,003 ¥ 1,401,504
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES        
Basic [3] 56,070,866 56,070,866 52,192,776 53,040,492
Diluted [3] 56,070,866 56,070,866 52,192,776 53,040,492
EARNINGS PER SHARE        
Basic | (per share) [3] $ 0.18 ¥ 28.58 ¥ 25.49 ¥ 25.84
Diluted | (per share) [3] $ 0.18 ¥ 28.58 ¥ 25.49 ¥ 25.84
[1] Represents the significant expense categories and amounts for each reportable operating segment that are regularly provided to the chief operating decision maker.
[2] Represents the significant expense categories and amounts for each reportable operating segment that are regularly provided to the chief operating decision maker.
[3] The shares and per share information are presented on a retroactive basis to reflect the share split from 1 to 130, which became effective on March