(Correction – Numerical Data Correction) Partial Correction to “Financial Summary for the First Quarter of the Fiscal Year Ending March 2025 [IFRS] (Consolidated)”

Overview of Performance

The consolidated results for the first quarter of the fiscal year ending March 2025 were: net sales of 1,373,856 million yen (4.4% year-over-year increase), operating income of 272,305 million yen (2.8% year-over-year increase), quarterly profit of 191,320 million yen (0.9% year-over-year increase), and net income attributable to owners of parent of 172,069 million yen (1.8% year-over-year decrease). The increase in net sales was driven by handset sales revenue, financial business income, and growth areas including IoT-related services, data centers, and digital BPO. The rise in operating income was contributed by gross profit from handset sales, increased profits from the energy business, and higher telecommunications ARPU revenues.

Segment Performance

In the Personal segment, net sales amounted to 1,109,965 million yen (0.7% year-over-year increase), and operating income was 215,368 million yen (0.0% year-over-year decrease). Growth in handset sales revenue and financial business income supported sales, while a decline in roaming revenue negatively impacted operating income. The Business segment performed strongly with net sales of 333,400 million yen (16.3% year-over-year increase) and operating income of 54,114 million yen (11.2% year-over-year increase), driven by growth in IoT-related services, data centers, and digital BPO.

Financial Position and Cash Flow

Total assets were 15,534,592 million yen (increase from the previous consolidated fiscal year-end), total liabilities were 9,812,309 million yen (increase), and total equity was 5,722,282 million yen (decrease), resulting in the equity attributable to owners of parent ratio declining from 36.9% to 33.5%. Cash flows from operating activities were an inflow of 773,020 million yen, investing activities resulted in an outflow of 591,052 million yen, and financing activities produced an inflow of 396,989 million yen. Cash and cash equivalents increased to 1,471,126 million yen at the end of the period.

Business Strategy and Outlook

The company pursues the 'New Satellite Growth Strategy,' promoting social implementation of data-driven solutions and generative AI on the foundation of 5G communications. Focus areas include DX, financial services, and energy, with strengthened partnerships. Additionally, through capital and business alliances with Lawson and Mitsubishi Corporation, the company aims to realize real-tech convenience. There is no change to the full-year earnings forecast, anticipating net sales of 5,770,000 million yen, operating income of 1,110,000 million yen, and net income attributable to owners of parent of 690,000 million yen.