Financial Summary for Q3 of the Fiscal Year Ending May 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

For the cumulative third quarter period of the fiscal year ending May 2026, net sales totaled 22,330 million yen (6.1% year-over-year increase), operating income was 2,532 million yen (2.5% year-over-year increase), and ordinary income was 2,680 million yen (2.0% year-over-year increase). Net income attributable to owners of parent was 1,682 million yen (1.0% year-over-year decrease), affected by an increase in tax expenses. By segment, net sales for the Disclosure-related Business were 15,678 million yen (5.8% year-over-year increase) with segment income of 1,872 million yen (3.1% year-over-year increase). The Interpretation and Translation Business posted net sales of 6,652 million yen (7.0% year-over-year increase) and segment income of 515 million yen (44.1% year-over-year increase).

Financial Position and Outlook

Total assets stood at 37,421 million yen (6.6% decrease from the previous consolidated fiscal year-end), net assets were 30,819 million yen (0.3% increase), and the equity ratio improved to 81.4%. The decrease in current assets was mainly due to reductions in cash and deposits and notes and accounts receivable. Fixed assets increased due to acquisitions of office buildings and other items. The number of shares issued remained steady at 13,153,293 shares, while treasury stock increased. The forecast for the annual dividend remains at 120 yen with no change from the previous forecast. The full-year earnings forecast is also unchanged, anticipating net sales of 33,000 million yen (11.2% year-over-year increase), operating income of 4,400 million yen (8.7% year-over-year increase), and net income attributable to owners of parent of 3,100 million yen (23.9% year-over-year decrease).