Consolidated Financial Results Presentation for the Fiscal Year Ending December 2025

Overview of Performance

The consolidated results for the fiscal year ending December 2025 recorded net sales of JPY 38,738 million (up 24.4% YoY), operating income of JPY 18,884 million (up 55.9% YoY), ordinary income of JPY 16,625 million (up 42.9% YoY), and net income attributable to owners of parent of JPY 10,542 million (up 30.9% YoY), achieving full-year plans at each profit stage. Product investment fund sales amounted to JPY 151,447 million (up 33.9% YoY), showing robust performance, while real estate securitization product sales totaled JPY 3,725 million (up 76.1% YoY). However, sales of real estate securitization products missed plans due to market environment changes in anticipation of tax reform.

Segment Trends and Challenges

Growth strategies centered on the operating lease business drove funding sales to reach targets ahead of schedule. The real estate business is restructuring its revenue model; although sales remain subdued, efforts are underway to establish new profit models. The environmental energy and private equity investment businesses are also expanding, but tax reforms and changing market conditions pose challenges. Foreign exchange losses were minimal, with non-operating foreign exchange gains of JPY 241 million recorded in the October to December quarter.