Fiscal Year Ending February 2027 — Second Quarter Financial Presentation

Overview of Performance

This presentation discloses consolidated results and segment information for the second quarter of the fiscal year ending February 2027. First-half revenue was 2,662 million yen, down -27.6% year-over-year, and operating loss was -156 million yen. Revenue declines in the fund business and expenses related to M&A led to lower profits in the first half. By segment, organizational consulting recorded lower revenue and an operating loss, sports entertainment achieved higher revenue and improved operating profit, and the fund business was significantly impacted by a large revenue decline. In the second half, the company will aim to achieve the full-year target by capturing integration benefits from three M&A transactions and improving profitability in organizational consulting.

Outlook and Shareholder Return Policy

For the second half, the company plans to capture integration effects led by three M&A deals and work toward returning organizational consulting to profitability. Management will monitor PMI progress for the long-term-hold M&A acquisitions and aim to achieve full-year forecasts. The company emphasizes maintaining equity ratio and improving ROE as key indicators, and shareholder return measures are referenced within IR materials as appropriate.