[Revolution Co., Ltd.] Real Estate Cloud Fund Repayment Contract Conclusion | June 2026

Overview of Business Performance

Our consolidated subsidiary, Yamawake Estate Inc., after postponing the repayment of the real estate crowdfunding project 'Daikanyama Project' formed in October 2024, entered into a contract with a third-party corporate entity on June 5, 2026. Under this agreement, the repayment to investors is scheduled to be made on June 10, 2026. The previous delay was caused by repairs due to water leaks and delays in sales activities, which required additional time to find a buyer. Please note that an evaluation loss for the October 2025 period has already been recognized.

Future Outlook and Impact on Investors

With the conclusion of this contract, the repayment for the Daikanyama Project is confirmed, and the repayment amount to investors will include the investment principal and the expected yield. Updates regarding the development of cloud fund operations and the status of the repayment delay are expected to be disclosed in a timely manner. Although the impact of business suspension periods due to administrative sanctions has led to a postponement of the full-year earnings forecast for 2026, efforts are ongoing to normalize the business, including recognizing capital gains from sales.