Financial Summary for Q1 of Fiscal Year Ending September 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

For Q1 of the fiscal year ending September 2026 (October 1 to December 31, 2025), consolidated results were net sales of 30,899 million yen (11.5% Year-over-Year increase), operating income of 3,455 million yen (133.5% YoY increase), ordinary income of 3,857 million yen (99.0% YoY increase), and net income attributable to owners of parent of 2,634 million yen (165.6% YoY increase). In the think tank and consulting services segment, increased revenues were driven by government energy-related projects, DX and digital transformation initiatives, as well as AI and semiconductor-related projects. IT services saw revenue growth primarily from financial and card-related projects, alongside significant profit improvement through the elimination of unprofitable projects.

Financial Position and Outlook

At the end of Q1 of the fiscal year ending September 2026, total assets stood at 124,187 million yen (3.1% decrease from the previous fiscal year-end), net assets were 82,652 million yen (1.6% increase), and the equity ratio improved to 59.0%. There are no revisions to the dividend forecast or earnings guidance. Full-year forecasts project net sales of 122,000 million yen (0.4% increase Year-over-Year), operating income of 7,500 million yen (6.4% decrease), and net income attributable to owners of parent of 5,800 million yen (9.2% decrease). The company plans to proceed with selection and concentration in preparation for the next medium-term management plan, focusing resources on growth areas.