Fiscal Year Ending March 2026 Third Quarter Financial Summary [Japanese GAAP] (Non-Consolidated)

Overview of Performance

During the cumulative period of the third quarter of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), JAFCO Group Co., Ltd. transitioned from consolidated to non-consolidated financial statements. Net sales amounted to JPY 17,706 million, operating income JPY 3,912 million, ordinary income JPY 6,035 million, and quarterly net income JPY 5,610 million. Due to the complete transfer of shares of consolidated subsidiaries JIAP and Icon, the accounting method for these fund investment stakes was changed and recorded as non-operating income and loss. There were two new IPO investments, and although capital gains fell short of the previous fiscal year, non-operating income included securities interest and dividends of JPY 2,262 million, and special gains included a JPY 369 million gain on sale of subsidiary shares.

Financial Position and Dividend Status

Total assets amounted to JPY 161,807 million, net assets JPY 137,146 million, and the equity ratio improved to 84.8% from 84.0% at the previous fiscal year-end. The number of issued shares is 54,250,000 shares (including treasury stock), and treasury shares increased to 1,629,906 shares. Regarding dividends, the annual dividend is set to the greater of DOE 6% or a payout ratio of 50%, with the minimum amount maintained at JPY 133. The earnings forecast is considered difficult due to business characteristics, and the company will continue to focus on prompt disclosure of quarterly financial results.