Notice on Recording Non-Operating Income, Non-Operating Expenses and Adjustments for Corporate Taxes, and Differences Between Full-Year Results, Forecasts, and Previous Period Results

Business Performance Overview

For the consolidated fiscal year ending December 2025, net sales reached ¥8,905 million (up 738.3% YoY), and operating income was ¥6,287 million (up 1,694.5% YoY), representing significant growth. This was primarily due to the Bitcoin-related business, especially the Bitcoin Income Business launched in Q4 2024. However, due to a decline in Bitcoin prices, a Bitcoin valuation loss of ¥102,188 million was recorded under non-operating expenses, resulting in an ordinary loss of ¥96,141 million. Net loss attributable to owners of parent amounted to ¥95,046 million. These are accounting valuation adjustments that do not have a direct impact on cash flow or business operations.

Future Outlook

For the consolidated fiscal year ending December 2026, we expect net sales of ¥16,000 million (up 79.7% YoY) and operating income of ¥11,400 million (up 81.3% YoY), anticipating steady growth. Expansion of the Bitcoin Income Business is expected to generate stable options income, and the hotel business is also projected to maintain stable performance. Forecasts for ordinary income and net income attributable to owners of parent are not disclosed due to the difficulty in predicting Bitcoin price fluctuations.