Financial Report for the Second Quarter (Interim Period) of the Fiscal Year Ending October 2026 (Japan GAAP, Consolidated)

Overview of Operating Results

During this interim period, while we aim to grow mainly from the consulting business, overall revenue and profit fell below the previous year’s level amid an environment of inflation-related cost containment challenges. We aim to return to a growth trajectory through cost reductions and expansion of assessment-based consulting. The number of employees increased to 359 people (up 30 from the previous year). The fund business recorded losses and gains including dividend income, resulting in an overall downward revision of earnings. The interim financial position shows a decrease in assets and liabilities, with net assets slightly down. Cash and cash equivalents totaled approximately 567 million yen.

Outlook and Key Points

The consolidated earnings forecast for the fiscal year ending October 2026 has not been disclosed, and the timing and amount of profits or losses for the investment limited partnership are difficult to predict. An online interim briefing is planned. Segment-wise, fixed and performance-based compensation structures, along with increased recruitment costs, are affecting operating profit. Going forward, expansion of assessment-based services and reconstructing cost management are expected to be keys to growth.