Earnings Presentation Materials for the First Half of the Fiscal Year Ending March 2027

Overview of Results

For the cumulative first half of the fiscal year, revenue was 4,012 million yen, a decrease of 7.0% year-on-year; however, excluding the impact of business portfolio rebalancing, revenue increased and the company returned to profitability. Operating income was a profit of 87 million yen, ordinary income was 63 million yen, and net income was 227 million yen, showing significant improvement. The investment business made a large contribution from the sale of held securities, and it is expected to continue generating profits through sales in the second half. Progress in the Education, AdTech, and developing businesses, along with expansion of store openings and transaction volumes, contributed to earnings.

Outlook and Dividend Policy

The full year is expected to land within the earnings forecast range. The interim dividend will be 11 yen per share, based on a policy of maintaining DOE at 5.0% or a consolidated payout ratio of 50%, whichever is larger, and will continue at 11 yen per share. The investment business plans and has executed 210 million yen of new investments and 770 million yen of exits, and it anticipates continued profit generation through sales of held securities in the second half.