#HulicCoLtd

Hulic Co., Ltd. will sell all silent partnership interests in Apocynum Property LLC for 15,820 million yen and exclude it from consolidation as of March 31, 2026.

Hulic Co., Ltd. consolidated Hamakaze Property LLC as a consolidated subsidiary through an anonymous partnership investment of 16,758 million yen. The board of directors resolved this on January 29, 2026; the impact on earnings is minor and there is no change to the consolidated earnings guidance.

Hulic Co., Ltd. announced on January 29, 2026, the formulation of a new medium- to long-term management plan (2026-2036), aiming to build a resilient portfolio by leveraging diverse growth businesses through M&A, based on its real estate business foundation.

For the fiscal year ending December 2025, consolidated net sales reached JPY 727.447 billion (22.9% YoY increase), operating income was JPY 186.826 billion (14.3% YoY increase), and net income attributable to owners of parent was JPY 114.334 billion (11.7% YoY increase).

Director changes will take effect on March 25, 2026. Mr. Mikio Morikawa is scheduled to assume the position of Executive Managing Director. Three members including Mr. Tadashi Nakajima will retire upon term expiration, reducing the number of directors by one.