Significantly declined. It announced an operating loss of 1.7 billion yen for the first quarter of the fiscal year ending April 2025 (a profit of 3 billion yen in the same period of the previous year). Although it secured an increase in revenue to 197.9 billion yen, expenses such as increased personnel, advance expenditures for grid-use rechargeable battery business, increased amortization expenses, and temporary expenses related to the holding company conversion and name change caused a considerable increase in sales and administrative expenses. However, the full-year operating profit forecast is maintained at a profit of 6 billion yen, an increase of 17.1% over the previous year's forecast, as expected at the beginning of the period.