Fiscal Year Ending February 2027 — Second Quarter Financial Summary [Japanese GAAP] (Consolidated)

Summary of Results

During this interim period, the Group recorded revenue of 1,205 million yen and returned to profitability from a significant loss in the same period last year. In the dual-segment structure, the Real Estate business recognized 504 million yen of revenue from sales and transfers under joint project arrangements, and the RE-related investment business recorded 700 million yen of revenue from monetization of grid-scale storage facilities. Overall, operating income was 610 million yen, ordinary income was 676 million yen, and net income attributable to owners of parent (interim) was 593 million yen, demonstrating continuing profit improvement.

Financial Position and Cash Flows

At the end of the interim period, total assets were 11,387 million yen, net assets were 10,005 million yen, and the equity ratio remained at a high level of 85.9%. Cash and cash equivalents stood at 3,969 million yen. Operating cash flow was 1,366 million yen, investing activities were a cash outflow of 283 million yen, and financing activities were a cash outflow of 24 million yen. Increased investment related to the development of grid-scale storage facilities was the primary driver of cash movements.