#MugenEstate

As of December 31, 2025, Chairman and CEO Susumu Fujita holds a combined voting rights ownership ratio of 55.82%. A disposal of treasury stock amounting to 53 million yen was reported as a related party transaction, conducted through in-kind contribution of monetary claims related to the restricted stock compensation plan.

On April 24, 2026, it was resolved to dispose of 85,800 shares of treasury stock at 2,313 yen per share, totaling 198,455,400 yen, as restricted stock compensation to directors and executive officers.

Mugen Estate Co., Ltd. conducted an effectiveness evaluation of its Board of Directors for the fiscal year ending December 2025, confirming a robust governance structure. Issues identified include improving the quality of deliberations and enhancing training opportunities for directors.

On March 26, 2026, appointments of director and audit & supervisory board member candidates and a new executive structure were decided. Toshiyuki Watanabe will assume the role of new director, while Akira Hayashi and Mayumi Kawamura are set to become new audit & supervisory board members.

For the fiscal year ending December 2025, consolidated net sales were 68,262 million yen (9.8% Year-over-Year increase), operating income was 11,049 million yen (14.8% YoY increase), and net income attributable to owners of parent was 6,659 million yen (9.4% YoY increase).

For the fiscal year ending December 2025, revenue was ¥68.26262 billion, up 9.8% year-over-year (YoY), and operating income was ¥11.049 billion, up 14.8% YoY, marking a record high.

Revised upward the consolidated earnings forecast for the fiscal year ending December 2025 to net sales of 68,262 million yen (6.4% increase from previous forecast), operating income of 11,048 million yen (8.1% increase), and net income attributable to owners of parent of 6,652 million yen (7.7% increase). Dividend also increased to 69 yen at fiscal year-end.