Pacific Net Co.,Ltd. Financial Summary for the First Quarter of the Fiscal Year Ending May 2027

Overview of Results

Consolidated revenue for the first quarter of the fiscal year ending May 2027 amounted to 2,578,866 thousand yen, an increase of 8.3% compared with the same period last year. However, operating income declined to 191,332 thousand yen (Year-over-Year -40.6%), ordinary income was 149,266 thousand yen (-51.0%), and net income attributable to owners of parent for the quarter was 97,809 thousand yen (-52.3%). EBITDA amounted to 1,201,761 thousand yen, a 4.6% increase. By segment, the IT subscription business drove revenue growth through expanded stock revenue from long-term rentals, but increased personnel and other costs weighed on profits. The ITAD, communication, and device businesses secured revenue growth supported by steady demand and strengthened sales.

Outlook and Financial Position

The financial position showed total assets of 15,937,633 thousand yen, net assets of 3,819,695 thousand yen, and a shareholders' equity ratio of 24.0%. Decreases in cash and deposits and increases in borrowings are partially reflected. There is no change to the full-year forecast at this time. Going forward, while considering persistent high PC prices and intensified competition, the Company plans to expand orders for long-term rentals, increase the attach rate of IT services, and improve asset efficiency and profitability.