Notice Regarding Revision of Earnings Guidance for the Fiscal Year Ending December 2025, Recording of Bitcoin Valuation Loss, and Publication of Earnings Guidance for the Fiscal Year Ending December 2026

Revision of Earnings Guidance for the Fiscal Year Ending December 2025 and Recording of Bitcoin Valuation Loss

The sales forecast for the fiscal year ending December 2025 has been revised upward from 6,800 million yen to 8,905 million yen, a 31.0% increase. The main reason is that sales from the Bitcoin Income Business significantly exceeded initial expectations. Meanwhile, a valuation loss of 104,636 million yen on Bitcoin was recorded as non-operating expenses due to fair value assessment. This is an accounting adjustment resulting from short-term price fluctuations and does not directly affect cash flow or business operations. Bitcoin holdings increased to 35,102 BTC, and the BTC yield reached 568%, indicating that the capital strategy is progressing smoothly. Forecasts for ordinary income and net income are not disclosed due to difficulties in predicting Bitcoin prices.

Earnings Guidance for the Fiscal Year Ending December 2026 and Future Outlook

For the fiscal year ending December 2026, sales are projected at 16,000 million yen and operating income at 11,400 million yen. The Bitcoin Income Business is expected to generate stable revenue supported by collateral deposits for options trading and increased Bitcoin holdings. The hotel business is also expected to maintain steady performance. Forecasts for ordinary income and net income are not disclosed due to the difficulty in predicting Bitcoin price fluctuations.