(Correction) Partial Correction Regarding “Notice on Differences in Individual Performance Compared to the Previous Fiscal Year”

Overview of Correction

In the "Notice on Differences in Individual Performance Compared to the Previous Fiscal Year" published on February 13, 2026, it was found that the tax expenses related to the Controlled Foreign Corporation (CFC) tax regime concerning our wholly-owned consolidated subsidiary GNI Hong Kong Limited were overstated, and the figures were corrected appropriately. Furthermore, after consultation with the auditing firm, the accounting treatment for individual performance under Japanese GAAP was reconsidered, leading to additional recognition of subsidiary stock valuation losses and provisions for doubtful accounts. As a result, net income and other figures for individual performance were revised; however, there is no impact on the consolidated financial results.

Details and Impact of Correction

Post-correction individual performance for the fiscal year ending December 2025 shows revenue of 21 million yen (11.7% decrease YoY), operating income of △662 million yen, ordinary income of △2,333 million yen, and net income attributable to owners of parent of △1,820 million yen. Particularly, ordinary income and net income have worsened compared to the figures before the correction. Net income per share was also revised to △34.71 yen. These corrections impact only individual performance and are eliminated in consolidated results, thus having no effect on consolidated performance.