JAPAN COMMUNICATIONS 29 OCT 25_EN

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This Week’s News

Reuters - SoftBank approves remaining $22.5 billion of OpenAI investment, the Information reports - 26/10/2025

The Japanese investment group's board has approved the installment as long as the artificial intelligence startup completes a corporate restructuring that would pave the way for an eventual public offering.

For the complete story, see:

https://www.reuters.com/business/media-telecom/softbank-approves-remaining-225-billion-openai-investment-information-reports-2025-10-25/

Nikkei Asia - NTT Docomo, SoftBank to launch satellite mobile services using Starlink - 25/10/2025

Leading Japanese wireless telecom providers NTT Docomo and SoftBank are preparing to launch direct satellite communication services for smartphones in 2026, leveraging the Starlink satellite network operated by U.S.-based SpaceX.

For the complete story, see:

https://asia.nikkei.com/business/telecommunication/ntt-docomo-softbank-to-launch-satellite-mobile-services-using-starlink

Kyodo News - Japan, U.S. to deepen cooperation in shipbuilding, AI, next-gen tech - 25/10/2025

Japan and the United States will sign memorandums on cooperation in shipbuilding, artificial intelligence and next-generation communication technologies during President Donald Trump's planned visit to Tokyo next week.

For the complete story, see:

https://english.kyodonews.net/articles/-/63508

Other Stories

NTT - Japan’s Telecommunications Carriers Enhance Collaborative Framework for Rapid Disaster Support by Implementing Evacuation Support Area Allocation - 22/10/2025

Defense World - Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Declines By 57.1% - 19/10/2025

Softbank News - An Introduction to Optical Communications in Non-terrestrial Networks - 17/10/2025

Vietnam Plus - Japan plans high-speed optical communications tests in Singapore - 17/10/2025

Mobile World Live - SoftBank partners for LEO satellite launch in 2026 - 16/10/2025

Media Release

Ntt Docomo, Inc. (TSE:9437) - NTT DOCOMO BUSINESS and NTT Com Asia Launch “APN InterLink” Service in Hong Kong - 24/10/2025

Sky Perfect Jsat Holdings Inc. (TSE: 9412) - SKY Perfect JSAT and Frontier Innovations Sign Agreement to Co-Create a Space Startup Ecosystem - 24/10/2025

Digital Garage, Inc. (TSE:4819) - Digital Garage Launches “AppPay” Global Service with MIXI’s Overseas “Monster Strike” Official Web Store - 23/10/2025

Latest Research

Demand Segmentation in the 5G Era: A Mixed Logit Analysis of Japanese Consumer Preferences - By Naoki Takano

Overviews of Leading Companies

Akatsuki Inc. (TSE:3932)

BIPROGY Inc. (TYO:8056)

Capcom Co., Ltd. (TSE:9697)

Colopl, Inc. (TSE:3668)

Digital Garage, Inc. (TSE:4819)

GMO Payment Gateway, inc. (TSE:3769)

Gungho Online Entertainment, Inc. (TSE:3765)

Hikari Tsushin, Inc. (TSE:9435)

Itochu Techno-Solutions Corp. (TSE:4739)

Kddi Corp. (TSE:9433)

Konami Holdings Corporation (TSE:9766)

Nexon Co., Ltd. (TSE:3659)

Nippon Telegraph & Telephone Corp. (TSE:9432)

Nippon Television Holdings, Inc. (TSE:9404)

Nomura Research Institute, Ltd. (TSE:4307)

Ns Solutions Corp. (TSE:2327)

Ntt Data Corp. (TSE:9613)

Ntt Docomo, Inc. (TSE:9437)

Obic Co., Ltd. (TSE:4684)

Oracle Corp. Japan (TSE:4716)

Otsuka Corp. (TSE:4768)

Sbi Holdings, Inc. (TSE:8473)

Scsk Corp. (TSE:9719)

Sky Perfect Jsat Holdings Inc. (TSE: 9412)

Softbank Group Corp. (TSE:9984)

T-Gaia Corp. (TSE:3738)

Associate: Josienity Millen

News and Commentary

Reuters - SoftBank approves remaining $22.5 billion of OpenAI investment, the Information reports - 26/10/2025

For the complete story, see:

https://www.reuters.com/business/media-telecom/softbank-approves-remaining-225-billion-openai-investment-information-reports-2025-10-25/

Nikkei Asia - NTT Docomo, SoftBank to launch satellite mobile services using Starlink - 25/10/2025

For the complete story, see:

https://asia.nikkei.com/business/telecommunication/ntt-docomo-softbank-to-launch-satellite-mobile-services-using-starlink

Kyodo News - Japan, U.S. to deepen cooperation in shipbuilding, AI, next-gen tech - 25/10/2025

For the complete story, see:

https://english.kyodonews.net/articles/-/63508

NTT - Japan’s Telecommunications Carriers Enhance Collaborative Framework for Rapid Disaster Support by Implementing Evacuation Support Area Allocation - 22/10/2025

The NTT Group, KDDI Corporation, SoftBank Corp. and Rakuten Mobile – today announced the implementation of area allocation for evacuation shelter support and the standardization of an information dissemination system starting October 22, 2025.

For the complete story, see:

https://www.ntt.com/en/about-us/press-releases/news/article/2025/1022_2.html

Defense World - Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Declines By 57.1% - 19/10/2025

Sponsored ADR was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 61,100 shares, a drop of 57.1% from the September 15th total of 142,400 shares.

For the complete story, see:

https://www.defenseworld.net/2025/10/19/short-interest-in-ntt-inc-sponsored-adr-otcmktsnttyy-declines-by-57-1.html

Softbank News - An Introduction to Optical Communications in Non-terrestrial Networks - 17/10/2025

This introduction from the SoftBank Research Institute of Advanced Technology explains the advantages of optical communication and explores how it can be utilized as a new communications layer for non-terrestrial networks to further enhance network service performance.

For the complete story, see:

https://www.softbank.jp/en/sbnews/entry/20251017_01

Vietnam Plus - Japan plans high-speed optical communications tests in Singapore - 17/10/2025

Japan plans to launch a large-scale demonstration of high-speed optical communications in Singapore as early as 2026 to test the performance of a cross-border data network built on NTT's flagship Innovative Optical and Wireless Network technology.

For the complete story, see:

https://en.vietnamplus.vn/japan-plans-high-speed-optical-communications-tests-in-singapore-post330569.vnp

Mobile World Live - SoftBank partners for LEO satellite launch in 2026 - 16/10/2025

SoftBank Corp joined a group of three organisations, including Japan’s National Institute of Information and Communications Technology, with the aim of launching a low Earth orbit satellite next year to verify optical wireless communications between space and the ground.

For the complete story, see:

https://www.mobileworldlive.com/softbank/softbank-partners-for-leo-satellite-launch-in-2026/

Media Releases

Ntt Docomo, Inc. (TSE:9437) - NTT DOCOMO BUSINESS and NTT Com Asia Launch “APN InterLink” Service in Hong Kong - 24/10/2025

NTT DOCOMO BUSINESS, Inc. (formerly NTT Communications Corporation, hereafter “NTT DOCOMO BUSINESS”) and its Hong Kong subsidiary, NTT Com Asia, today announced the launch of the “APN InterLink” service in Hong Kong for financial institutions starting November 1, 2025, leveraging All-Photonic Network (APN) ※1 technology in support of the IOWN®※2 initiative. Commercially deployed in Hong Kong, one of the leading Asia financial hubs, the new service leverages ultra-low latency photonics-based connectivity to address the evolving digital needs of the financial sector, especially for latency-sensitive trading, algorithmic trading※3, proximity market data access and real-time transaction.

Looking ahead, NTT DOCOMO BUSINESS and NTT Com Asia plan to expand the deployment of IOWN® APN on the Asia Submarine-cable Express (ASE), which connects Tokyo and Hong Kong, to enable seamless collaboration between major financial centers.

Background

The financial industry is experiencing rapid digital transformation, driving the need for faster and more sophisticated transactions. Algorithmic trading and other latency-sensitive trading, such as High Frequency Trading (HFT), as well as real-time transaction, are on the rise, making ultra-low latency networks essential for financial institutions to maintain a competitive edge—where even milliseconds can impact trading outcomes. With APN InterLink, financial institutions can accelerate their digital transformation and strengthen their foundation for innovation, including collaborative development and AI-driven initiatives.

For mission-critical operations, robust disaster recovery systems are vital to ensure business continuity in the face of severe disruptions. By leveraging IOWN® APN, organizations can achieve efficient, seamless data transmission between geographically distributed sites, significantly enhancing the reliability and operational efficiency of large-scale disaster countermeasures.

Service Overview

APN InterLink offers the following connectivity solutions for the financial services industry:

APN Connection between Data Centers (APN DCLink):

The interconnection between NTT Com Asia’s Financial Data Center and Tai Po Data Center via APN delivers an ultra-low latency network. With the Financial Data Center is located in close proximity to the Hong Kong Stock Exchange (HKEX), the interconnection ensures optimal performance for mission-critical financial operations such as latency-sensitive trading and real-time transaction processing.

Connection between Any Locations (APN DedicatedLink):

APN DedicatedLink enables seamless connections between any customer facilities or data centers within Hong Kong. Customers can connect their sites to the FDC and TPDC, achieving ultra-low latency access to the HKEX.

Future Developments

To meet the growing demand for low-latency connectivity between Japan and Hong Kong, NTT DOCOMO BUSINESS offers “docomo business APN Plus powered by IOWN®” ※4 (hereafter “docomo business APN Plus”) in Japan, whereas NTT Com Asia offers “APN InterLink” in Hong Kong, enabling high-speed access in both markets.

NTT DOCOMO BUSINESS and NTT Com Asia plan to further expand APN deployment on the ASE cable connecting Tokyo and Hong Kong, and establish IOWN® APN hubs throughout Asia. This initiative will facilitate seamless collaboration between major financial centers and accelerating digital transformation in the financial industry.

Endorsements

“NTT DOCOMO Business is providing the IOWN® APN service “docomo business APN Plus” in Japan, which has been well received by many customers. We are actively working to connect “APN InterLink”, set for commercial deployment in Hong Kong, with Japan’s “docomo business APN Plus” to deliver the service globally. Through this initiative, we aim to further support our customers’ mission-critical applications and business operations. ”

— Hisashi Fujishima, Senior Executive Officer, Head of Platform Services Division, NTT DOCOMO BUSINESS

“We are pleased to launch APN InterLink in Hong Kong, one of the world’s leading financial hubs. Leveraging the latest IOWN® technology, we are committed to building next-generation infrastructure for the financial industry.”

— Daisuke Kuroda, CEO, NTT Com Asia Ltd.

Roles of Each Company

NTT DOCOMO BUSINESS: Provides the APN service “docomo business APN Plus”, and manages sales operations in Japan.

NTT Com Asia: Provides the APN service “APN InterLink”, and manages sales operations in Hong Kong.

Pricing and Application

For pricing and application details, please contact the sales representatives at NTT DOCOMO BUSINESS or NTT Com Asia.

https://www.ntt.com/en/about-us/press-releases/news/article/2025/1024.html

Sky Perfect Jsat Holdings Inc. (TSE: 9412) - SKY Perfect JSAT and Frontier Innovations Sign Agreement to Co-Create a Space Startup Ecosystem - 24/10/2025

SKY Perfect JSAT Corporation (Head Office: Minato-ku, Tokyo; Representative Director, President & CEO: Eiichi Yonekura; “SKY Perfect JSAT”) and Frontier Innovations Ltd. (Head Office: Chuo-ku, Tokyo; President & representative director: Tatsuhiko Nishimura; “Frontier Innovations”) are pleased to announce the signing of a Co-Creation Agreement to foster a space startup ecosystem. This agreement is in addition to SKY Perfect JSAT’s previously announced Limited Partnership investment in Frontier Innovations Fund I, and reflects both companies’ commitment to driving innovation in Japan’s space industry. Through this partnership, both companies will leverage their respective networks, expertise, and insights—not only to provide funding, but also to identify promising startups at an early phase, offer hands-on support in technology and business development, and foster the growth of a robust startup ecosystem from its formative stages.

In recent years, Japan’s space industry has been recognized by the government as a key growth sector, with a national goal to double the market size from approximately 4 trillion yen to 8 trillion yen by the early 2030s*. To achieve this, there is a growing need for the expansion of space business through public-private partnerships and the creation of new space utilization models led by the private sector. Space startups are expected to serve as a driving force for innovation and enhanced international competitiveness; however, they face complex challenges including large initial investment amounts, significant technological risks, difficulty raising funds, and a shortage of specialized personnel.

SKY Perfect JSAT has been engaged in space business for 40 years and is positioning 2025 as a year of transformation toward further growth, and Frontier Innovations is a firm established by a team with extensive lead investment experience in space and deep-tech startups—including five publicly listed space companies—and operating Japan’s first fund anchored by an LP investment from JAXA(Japan Aerospace Exploration Agency). Both companies will further strengthen collaboration with space startup companies and contribute to the development of Japan’s space industry by building a sustainable space startup ecosystem.

https://en.skyperfectjsat.space/en/news/20251024_1

Digital Garage, Inc. (TSE:4819) - Digital Garage Launches “AppPay” Global Service with MIXI’s Overseas “Monster Strike” Official Web Store - 23/10/2025

First Phase of One-Stop Global Third-Party Payment Support Covering Sales and Operations Worldwide

Digital Garage, Inc. (TSE Prime section: 4819; HQ: Tokyo; Representative Director, President Executive Officer and Group CEO: Kaoru Hayashi; Digital Garage) has entered full-scale global operation of its third-party payment service “AppPay,” following its global expansion announcement on September 24.
As the first phase of this initiative, MIXI, Inc. (Headquarters: Tokyo; President, Representative Director, Senior Corporate Officer, CEO: Koki Kimura; MIXI) has opened the official web store for its popular smartphone game “Monster Strike” in Hong Kong and Taiwan (Traditional Chinese markets), and Digital Garage has begun providing “AppPay” services in conjunction with this launch.

With this introduction, Digital Garage has officially launched full-scale operations of its global “AppPay” service.

The service provides a Merchant of Record (MoR) function, acting as the legal seller on behalf of app publishers.

It offers one-stop support that covers not only regulatory compliance, payment processing, tax filing, and refund management across various countries and regions, but also marketing and related services—enabling global third-party payments.

Through this framework, Digital Garage provides an environment that allows Japanese app publishers to expand into global markets efficiently and securely.

Market and Business Background

As regulations governing app distribution continue to evolve worldwide, attention has shifted to new business models that allow more flexible content distribution.

In Japan, the Act on Promotion of Competition for Specified Smartphone Software is scheduled to take effect in December 2025, and—combined with the progress of technologies such as AI—the globalization of digital content is accelerating.

Interest in Japanese entertainment, including games and anime, remains strong overseas, and user spending on mobile games continues to grow. This trend provides new growth opportunities for Japanese app publishers.

However, expanding globally involves significant challenges, including varying local payment methods, tax systems, and currency management.

In emerging markets such as Asia, e-wallets and prepaid services have become widespread alongside credit cards, making compatibility with local payment ecosystems critical for success.

To address these needs, Digital Garage developed the “AppPay Global Service,” which provides MoR functionality to act as the legal seller on behalf of the publisher.

The service handles complex operations such as regulatory compliance, payment processing, tax filing, and refund management across more than 65 countries, enabling app publishers to enter global markets safely and efficiently without the burden of managing diverse local requirements.

https://www.garage.co.jp/en/pr/release/20251023/

Latest Research

Demand Segmentation in the 5G Era: A Mixed Logit Analysis of Japanese Consumer Preferences

Naoki Takano

Abstract

This study investigates how consumer digital usage patterns shape adoption preferences for fifth-generation mobile services (5G) in Japan. We use a mixed logit model on original survey data from 2024 to identify distinct consumer segments and drivers beyond conventional price factors. The analysis reveals that heavy engagement in online activities is strongly associated with users choosing 5G over 4G. For example, users who spend a substantial amount of time on web browsing or mobile gaming are much more likely to adopt 5G. This finding indicates that non-price factors, such as personal digital usage patterns, have a significant influence on technology adoption. Moreover, while price sensitivity remains important, behavioral factors exhibit an even stronger effect on choice. For example, an increase in a consumer’s web use or gaming time increases the likelihood of choosing a 5G plan far more than it increases the likelihood of choosing a 4G plan. In other words, usage intensity matters more for 5G adoption than for 4G. These findings suggest that consumer segmentation by usage profile is key to understanding 5G adoption. Furthermore, carriers and policymakers should tailor strategies to different user groups rather than relying on one-size-fits-all price competition. These insights demonstrate how user behavior patterns drive 5G adoption, offering a novel perspective beyond traditional price-centric analyses.

https://link.springer.com/article/10.1007/s12626-025-00189-3

The Industry

2/1/2025

The Telecommunications Industry in Japan: An Overview

Japan’s telecommunications industry is one of the most advanced and competitive in the world. As a leader in technological innovation, the sector plays a crucial role in supporting Japan’s economy and driving its digital transformation. Let’s explore the structure, key players, advancements, and challenges within the industry.

Industry Structure and Key Players

The telecommunications market in Japan is dominated by three major providers: NTT DoCoMo, KDDI (au), and SoftBank. These companies offer a wide range of services, including mobile communications, fixed-line telephony, and broadband internet. Rakuten Mobile, a newer entrant, has introduced innovative services and pricing strategies, further intensifying competition.

The Japanese government has been actively promoting deregulation to foster competition and reduce consumer costs. This has resulted in an increasingly dynamic market where smaller players are gaining traction.

Advancements in Technology

Japan has consistently been at the forefront of telecommunications technology.

5G and Its Transformative Impact

The country was among the first to roll out 5G networks nationwide, revolutionising connectivity. By offering ultra-fast internet speeds, low latency, and the capacity to connect massive numbers of devices simultaneously, 5G has enabled the growth of new applications in various sectors. Key examples include:

Smart Cities: 5G powers real-time data collection and analysis, enhancing urban planning, traffic management, and energy efficiency.

Telemedicine: Remote surgeries and consultations are now possible thanks to the high-speed, reliable connections provided by 5G.

Autonomous Vehicles: The low-latency communication required for self-driving cars relies heavily on 5G technology.

NTT DoCoMo, KDDI, and SoftBank have all launched extensive 5G networks, with Rakuten Mobile disrupting the market by offering competitive pricing and leveraging open network architectures.

Internet of Things (IoT) Applications

The IoT ecosystem in Japan is flourishing, with telecommunications companies spearheading the integration of connected devices across industries. IoT applications include:

Manufacturing: Smart factories equipped with IoT sensors monitor machinery in real-time, reducing downtime and increasing efficiency.

Healthcare: Wearable devices collect patient data, enabling preventive care and improving medical outcomes.

Agriculture: IoT-powered solutions, such as smart irrigation and crop monitoring systems, help optimise resource use and increase yields.

Japan’s strong infrastructure and 5G network have accelerated IoT adoption, making the country a leader in this technology.

Artificial Intelligence (AI) in Telecommunications

AI is playing a transformative role in Japan’s telecom industry by improving network performance, customer service, and operational efficiency. Specific applications include:

Predictive Maintenance: AI algorithms analyse network data to predict and prevent outages, ensuring uninterrupted service.

Customer Support: Chatbots and virtual assistants powered by AI handle inquiries efficiently, enhancing customer satisfaction.

Network Optimization: AI automates the management of network traffic, improving speed and reliability.

Telecom companies in Japan are investing heavily in AI research and deployment to stay ahead in the competitive market.

Pioneering 6G Development

Although 5G is still being deployed, Japan is already looking ahead to the next frontier: 6G. The government and industry leaders aim to launch 6G networks by the early 2030s. Key goals of 6G development include:

Terahertz Communications: Achieving data transmission rates 10 times faster than 5G.

Integration of AI and IoT: Creating seamless interactions between AI-driven applications and billions of IoT devices.

Holographic Communication: Enabling real-time holographic meetings and experiences.

The Ministry of Internal Affairs and Communications (MIC) has partnered with leading companies, including NTT and Sony, to research and develop 6G technologies, ensuring Japan remains at the forefront of telecommunications innovation.

In 2024, a consortium of DOCOMO, NTT Corporation, NEC Corporation, and Fujitsu unveiled the world’s first 6G device.

Digital Transformation and Sustainability

Japan’s telecommunications sector is central to the country’s digital transformation agenda. Companies are investing in cloud infrastructure, data centres, and cybersecurity to meet the growing demand for digital services. The industry is also embracing sustainability, with providers committing to reducing carbon emissions and adopting renewable energy in their operations.

Challenges and Opportunities

Despite its advancements, the telecommunications industry in Japan faces challenges. High infrastructure costs, cybersecurity threats, and maintaining service quality in rural and ageing areas remain pressing issues. Additionally, there is a growing need to balance competition with profitability, as price wars could impact long-term investments in innovation.

However, these challenges also present opportunities. The expansion of smart cities, the rise of telemedicine, and increased reliance on digital services due to remote work trends are driving new demand. The government’s initiatives to enhance rural connectivity also create growth prospects for providers.

Conclusion

Japan’s telecommunications industry is a testament to the country’s technological prowess and commitment to innovation. As the sector continues to evolve, it will play a pivotal role in shaping Japan’s digital future. By addressing challenges and leveraging opportunities, Japan’s telecom companies can maintain their position as global leaders in the industry.

Source: Eos Global Expansion

https://eosglobalexpansion.com/the-telecommunications-industry-in-japan/

Leading Companies

Akatsuki Inc. (TSE:3932)

Company Profile

Company Name	Akatsuki Inc.
Established	June 2010
CEO	Tetsuro Koda
Business	Game Business IP Business
Affiliates	Akatsuki Taiwan Inc. Akatsuki Fukuoka Inc. Akatsuki Entertainment USA, Inc. Akatsuki Live Entertainment Inc. CRAYON Inc. Kumarba Inc.

Akatsuki Inc. engages in the mobile game and live experience businesses primarily in Japan. It develops mobiles games. The company also operates Asobuild, an entertainment facility service site; Pong!Pong! a ping pong table activity and projection mapping service site; Sotoasobi, a service site to provide reservations for outdoor and leisure activities; and Daigomi, a Cheese restaurants. In addition, it provides Crayon, an app development support services to artists, creators, and athletes; a media franchise project of both music and audio drama CDs on themes of Jazz; and operates Kumarba Channel, an education and entertainment channel distributed through YouTube platform. The company was founded in 2010 and is headquartered in Tokyo, Japan.

https://aktsk.jp/en/company/profile/

Name Origin

Our company name, Akatsuki, is inspired by the Japanese word for “dawn.” Just as the dawn transforms night into daybreak, we want to transform emotion into value – to contribute new value to the world through our services and products and show the world a new work style and organizational structure built around emotional rewards. Akatsuki symbolizes dawn, the dawn of new values and a new era.

https://aktsk.jp/en/company/issue/

8/8/2025

First Quarter of FY3/26

Qualitative Information on Consolidated Results for the Current Period

Qualitative Information on Consolidated Operating Results In the first three-month period of consolidated FY2025, economic conditions in Japan continued recovering moderately thanks to improving conditions for employment and income as well as the effects of various government policies. However, it is necessary to watch for impacts on personal consumption resulting from depressed consumer sentiment due to continued price increases or other factors and to pay close attention to the risk of deceleration in overseas economies, resulting from U.S. trade policies or other factors, exerting downward pressure on Japanese economic conditions.

Within this economic situation, it is estimated that the gaming industry in which the Company competes will see global revenues increase by 2.1% year-over-year to $187.7 billion in 2024 despite the challenging macroeconomic environment. Mobile gaming, which comprises the largest share of the gaming industry, is expected to see revenues grow by 3.0% year-over-year to reach $92.6 billion. Further, the gaming industry is expected to see continued growth and see global revenues reach $213.3 billion in 2027 (source: Newzoo, “Global Games Market Forecast”).

Additionally, regarding the environment for the comics business in which the Company competes, the Japanese comics industry saw revenues increase by 1.5% year-on-year in 2024, reaching a new peak of ¥704.3 billion. Within this, the electronic comic market grew 6.0% year-on-year to reach ¥512.2 billion (source: All Japan Magazine and Book Publishers and Editors Association (AJPEA), “Monthly Publications Report”). Further, the global market for fullcolor vertical comic “webtoons” that the Company provides is forecast to grow and reach a scale of approximately $5.4 billion in 2030 (source: QYResearch).

In order to accelerate further growth, the Akatsuki Group has frozen business investment in projects that are limited to the domestic market and concentrated investment in large-scale projects with global potential, aiming for large returns over a long period of continuous operation. In the Group’s mainstay Games business, we focused a large portion of our resources on large-scale projects with a vision for utilizing 3D technologies across multiple devices and multiple languages while also continuing the steady operation of existing titles. Separately, in the Comics business, we collaborated with well-known creators to produce original works while continuing with our policy to prioritize production of works and to strengthen sales on third party platforms. Further, in March 2025, NTT Docomo launched the overseas manga distribution service "MANGA MIRAI" in the United States and we continue to be entrusted with the development and operation of this service.

As a result, net sales for the period was ¥2,313 million (a decrease of 44.0% year-on-year), operating loss was ¥1,698 million (prior year period operating loss of ¥775 million), ordinary loss was ¥1,907 million (prior year period ordinary loss of ¥325 million), and net loss attributable to parent company shareholders was ¥1,167 million (prior year period net loss attributable to parent company shareholders of ¥271 million).

The operating results for each segment are as follows below. Effective from the first quarter of the current fiscal year, we reclassified the "IP Solutions" business as a standalone reportable segment, reflecting the increased significance of this business that was included in the "Others" segment during the corresponding period of the prior fiscal year. Please note that, for comparative analysis, figures for the first quarter of the prior consolidated fiscal year have been reclassified to conform to the new segment classification.

(Games Business)

In the Games business, under the policy of carefully selecting titles for development and operation with a focus on high-quality and user experience, we focused on steady operations of existing titles while actively investing in new title development by concentrating on large-scale projects with a vision for utilizing 3D technologies across multiple devices and multiple languages. We continued to operate the flagship title “Dragon Ball Z Dokkan Battle” (a codevelopment title published by BANDAI NAMCO Entertainment) with the aim of maximizing LTV even during a transitional period between 10th anniversary events for the domestic and overseas versions. With “Romancing SaGa Re;univerSe” (co-development title with Square Enix), we held a six-and-a-half year anniversary event and made progress with optimization of our development and management systems as we aim for sustainable service provision. Further, a review of the portfolio of existing titles was undertaken and, as a result of this and other factors, sales and profit declined from the prior year period.

As a result, net sales for the consolidated three-month period was ¥1,782 million (a decrease of 52.3% year-onyear) and segment loss was ¥1,643 million (prior year period segment loss of ¥627 million).

(Comics Business)

In the Comics business, we focused on producing and publishing original works to create hit titles while also actively maximizing the IP value of leading works through mixed media development. Additionally, we continued developing features to support stable operations and to improve user experience for the overseas electronic comic distribution service "MANGA MIRAI," provided by NTT Docomo. This service began distributing popular titles like NARUTO and ONE PIECE starting from June 2025 and our ongoing involvement in service development and operations contributed to business performance in the period.

As a result, net sales for the consolidated three-month period was ¥226 million (a decrease of 18.3% year-on-year) and segment profit was ¥20 million (prior year period segment loss of ¥2 million).

(IP Solutions Business)

In the IP Solutions Business, our online lottery service Slash Gift continued to achieve rapid growth, driven by successful large-scale projects with popular IP assets. Additionally, we expanded our service offerings by launching ecommerce solutions, such as the official online store for the Tougen Anki anime television series. Furthermore, beginning from the first quarter of this fiscal year, we strengthened our market foundation and accelerated growth by including subsidiary CRAYON, Inc. within the scope of consolidation. CRAYON, Inc. provides solutions addressing various IP-related needs — from fan club management to advertising and marketing support.

As a result, net sales for the consolidated three-month period was ¥298 million (an increase of 167.2% year-on-year) and segment profit was ¥122 million (prior year period segment profit of ¥4 million).

(Others)

The Others segment includes content investment, amongst others. For the first three-month period of consolidated FY2025, the Others segment recorded net sales of ¥5 million (an increase of 80.9% year-on-year) and segment loss of ¥26 million (prior year period segment loss of ¥75 million).

Qualitative Information on Consolidated Financial Position

(Assets)

Total assets as of June 30, 2025 were ¥50,976 million, a decrease of ¥3,656 million from March 31, 2025. Key contributing factors included: an increase of ¥1,088 million in other current assets, an increase of ¥707 million in investment securities, a decrease of ¥4,339 in trade accounts receivable and contract assets, and a decrease of ¥1,069 million in other assets within investment and other assets.

(Liabilities)

Total liabilities as of June 30, 2025 were ¥10,564 million, a decrease of ¥2,613 million from March 31, 2025. Key contributing factors included a decrease of ¥2,402 million in income taxes payable.

(Net assets)

Total net assets as of June 30, 2025 were ¥40,411 million, a decrease of ¥1,043 million from March 31, 2025. Key contributing factors included: an increase of ¥760 million in valuation difference on available-for-sale securities, quarterly net loss attributable to parent company shareholders of ¥1,167 million and dividends paid of ¥794 million.

Qualitative Information on Forecasts of Consolidated Operating Results Providing appropriate and reliable forecasts is difficult given many uncertainties impacting the short-term business environment of the Games business, as well as the Company’s intention to continue investing in other businesses. Therefore, the Company has adopted a policy to not provide forecasts for the fiscal year ending March 31, 2026.

Should circumstances change and providing appropriate and reliable forecasts becomes possible, such forecasts will be disclosed in a timely manner.

For full release, see:

https://ssl4.eir-parts.net/doc/3932/ir_material_for_fiscal_ym1/184427/00.pdf

BIPROGY Inc. (TYO:8056)

On June 25, 2021, to change its corporate name to BIPROGY Inc. effective April 1, 2022.

Nihon Unisys, Ltd. provides information technology (IT) solutions in Japan. The company operates through five segments: System Services, Support Services, Outsourcing, Software, and Hardware. It offers contracted software development; technology support and ICT strategy consulting services; and support services, such as software and hardware maintenance, and installation support. The company also engages in the sale and rental of computer and network systems; and cloud computing and outsourcing businesses. In addition, it provides CRM/customer channel, business intelligence, SRM/electronic purchasing, SCM/logistics, energy management/environment, office communication, enterprise education, ERP/enterprise resource management, and regional revitalization solutions. Further, the company offers ICT infrastructure solutions and services; hardware, middleware, and related services; and business process restructuring, ICT visualization, construction, implementation, maintenance, operation, and training services. It provides solutions for various industries, including financial services, engineering, distribution, transportation, central and local governments, healthcare, leasing, telecommunications, media, education, and social insurance. Nihon Unisys, Ltd. was founded in 1947 and is headquartered in Tokyo, Japan.

About Biprogy

In the more than 60 years since providing Japan’s first commercial computers, BIPROGY Inc. has contributed to forming and developing Japan’s information service industry by developing systems and providing ICT services that support society and industry.

With this experience and track record as our backbone, we are working in partnership with our customers and other companies to create value that enriches society and to achieve a sustainable society.

Building on our past achievements in creating new social values, BIPROGY renews its commitment to further contribute as a member of society. We aim to achieve sustained growth with our company group working towards a common goal under a newly clarified Purpose as the group’s long-term role in society as well as its Principles and Vision 2030 and the newly established Management Policies.

https://www.biprogy.com/e/about/

17/7/2025

First Quarter of Fiscal Year Ending March 31, 2026

Results of Business Operations and Financial Conditions
Summary of Business Operations

For the first quarter of the fiscal year ending March 31, 2026, the Japanese economy continued to show signs of gradual recovery in an improving environment of employment and income.

We have continuously seen companies showing strong investment interests mainly in the field of digital transformation (DX) in the information services industry. Investments in software products in the fiscal year under review are expected to increase compared with the previous fiscal year, according to the Tankan Survey by Bank of Japan (BOJ) in June.

On the other hand, in addition to the domestic economy facing downward risks under the effect of the U.S. trade policies, we are aware of risks of downward pressure exerted by continuing price increases upon the domestic personal consumption, eventually upon the entire economy in Japan. Furthermore, it is necessary to be fully watchful about impacts from changes in the financial and capital market.

In this environment, we have been promoting efforts based upon the “Management Policies (2024-2026)” Note 1 with an eye on realizing the “Vision 2030” as we aim. We have been working on the basic policies to: increase corporate value by establishing a sustainable business portfolio; optimize an allocation of management resources; and strengthen the Group’s management base. At the same time, we are enhancing business through core businesses (the existing revenue sources) in tandem with growth businesses (the new foundations of revenue).

We have defined five focus areas in the core business: Financial, Retail, Energy, Mobility, OT Infrastructure Note 2 where we can utilize our excellent customer base and our thorough operational and customer knowledge.

In the Financial focus area among the focus areas, we have been working on deploying solutions for bank branch offices with an eye on helping financial institutions strengthen customer contact points and improve customer engagement.

We provided a financial institution that operates approx.6,000 branch offices across the nation with a new branch office system created on the basis of BANK_FIT-NE® Note 3, next-generation system for bank branch offices and SmileBranch® Note 4, business support system for bank branch offices. As a result, we enabled the financial institutions to optimize operations and enhance convenience for end-users.

In the area of mobility, we began to provide a major railway company with a telecommunication equipment recovery support system on the basis of generative AI. The generative AI-driven system specifies problem causes and provides recommendable restoration work contents based on similar events in the past. The system enables the railway company to reduce a recovery duration, and furthermore reduce business workloads and stabilize the quality about recovery instructions.

We have set forth the three areas, Market Development, Business Development and Global Initiatives for growth businesses. This is in line with our aiming to establish new revenue bases and provide value.

We refurbished and organized systematically our managed services and began to provide “GASSAI™” Note 5 , a new brand of managed services as a part of initiatives for market development. GASSAI will enable companies to be prepared for risks from operating IT systems partly in coping with cyberattacks and disasters through improving convenience and flexibility about IT operations at companies by taking in advanced technologies such as AI for data usage. We will continuously help companies increase their business value through providing our managed services that will enable safe, comfortable and efficient IT operations in a system environment becoming more complex and sophisticated.

We have been promoting human resources strategy, technical strategy, investment strategy, and financial strategy, in collaboration with the business strategies as indicated in the Management Policies (2024-2026). We have been working on creating new value as well as proactively investing business resources in the areas of strength with an eye on strengthening market competitiveness. We will evolve the value chains of our group in order to cope with changes in the circumstances at home and abroad and increase the value that we provide to customers.

Summary of Financial Conditions
Summary of Assets, Liabilities and Equity

At the end of the first three-month period of the fiscal year under review, partly due to a decrease in trade receivables, total assets were ¥313,406 million, a decrease of ¥17,469 million compared with the end of the previous fiscal year.

Liabilities were ¥144,475 million, a ¥15,103 million decrease from the end of the previous fiscal year, partly due to a decrease in trade payables.

Equity was ¥168,930 million. Ratio of owners' equity to gross assets was 53.3%, up by 2.2 pts. from the end of the previous fiscal year.

Summary of Cash Flows

Cash and cash equivalents at the end of the first three-month period of the fiscal year under review were ¥68,743 million, an increase of ¥3,942 million compared with the end of the previous fiscal year. The cash flow situations and relevant factors are stated below.

(Cash flows from operating activities)

Net cash provided by operating activities totaled ¥21,702 million (an increase of ¥9,213 million in proceeds compared with the same quarter of the previous period).

This reflects proceeds of ¥8,523 million in profit before income taxes, the elements of increasing the proceeds and the elements of decreasing the proceeds. The factors increasing proceeds include ¥4,506 million in depreciation and amortization, non-cash expenses, and a decrease of ¥27,461 million in trade and other receivables. The factors decreasing the proceeds include a decrease of ¥4,142 million in trade and other payables.

(Cash flows from investing activities)

Net cash used in investing activities was ¥4,956 million (an increase of ¥1,740 million in expenditures compared with the previous period).

This includes: expenditures of ¥1,010 million as a result of purchasing property, plant and equipment such as computers for business activities, and expenditures of ¥3,759 million due to the acquisitions of intangible assets such as the investments in software for outsourcing.

(Cash flows from financing activities)

Net cash used in the financing activities was ¥12,714 million (an increase of ¥5,053 million in expenditures from the previous period). This expenditure includes ¥2,310 million repayments for lease liabilities and dividends payment of ¥5,835 million.

Comments on the Consolidated Earnings Forecasts and Other Forecasts The performance forecast on a consolidated basis has not been revised since it was announced on April 30, 2025.

For full release, see:

https://www.biprogy.com/invest-e/uploads/financial_report2026q1_e_2.pdf

Capcom Co., Ltd. (TSE:9697)

Capcom Co., Ltd. is a Japanese video game developer and publisher. Capcom Co., Ltd. plans, develops, manufactures, sells, and distributes home video games, online games, mobile games, and arcade games in Japan and internationally. It operates through Digital Contents, Arcade Operations, Amusement Equipment’s, and Other Businesses segments. The Digital Contents segment develops and sells packaged and digital game content for consumer home video game platforms, as well as mobile content and PC online games. The Arcade Operations segment operates Plaza Capcom amusement facilities primarily in commercial complexes, as well as hosts various events. The Amusement Equipment’s segment is involved in the development, manufacture, and sale of frames and LCD devices for gaming machines, as well as software. The Other Businesses segment publishes walkthrough and strategy guides, as well as game art books; licenses movies, animated television programs, music CDs and merchandise. Capcom Co., Ltd. was founded in 1979 and is headquartered in Osaka, Japan. Capcom has created a number of multi-million-selling game franchises, with its most commercially successful being Resident Evil, Monster Hunter, Street Fighter, Mega Man, Devil May Cry, and Dead Rising.

About Us

Capcom began in Japan in 1979 as a manufacturer and distributor of electronic game machines. In 1983 Capcom Co., Ltd was founded and soon built a reputation for introducing cutting-edge technology and software to the video game market. Now an industry leader in the video game industry, Capcom's legacy of historic franchises in home and arcade gaming are testaments to an unparalleled commitment to excellence.

Building on its origins as a game machine manufacturer, Capcom is now involved in all areas of the video game industry. Capcom maintains operations in the U.S., U.K., Germany, France, Hong Kong, Taiwan and Tokyo, with corporate headquarters located in Osaka, Japan.

https://www.capcom.com/

30/7/2025

Q1 FY2025

Operating Results Overview
Operating Results for the Period under Review

In the three months ended June 30, 2025, Capcom Co., Ltd. (the “Company”) actively pursued investments for growth focused on the ongoing enhancement of digital sales in order to further evolve and expand within the global market. In addition, as part of its human resources investment strategy, which is one of the Company’s top priorities, it continued to invest in human capital with the aim of stable and sustainable growth by securing and fostering human resources to support the future, and worked to enhance corporate value over the medium to long term.

Regarding business performance, the Company worked to increase global unit sales in its core Digital Contents business by releasing existing titles on new hardware and strengthening sales of catalog titles. As a result, in the three months ended June 30, 2025, the Digital Contents business contributed to earnings with sales of 243 titles in 228 countries and regions and total unit sales of 14.16 million units, up from the 9.53 million units sold in the same period of the previous fiscal year.

The Company also aimed to enhance the brand value of its intellectual properties (IPs) by coordinating the activities of its major content with esports, film and television productions, and licensing business activities. It also worked to increase earnings: in Arcade Operations this was through the steady operation of its stores and the pursuit of store openings in new formats; in Amusement Equipments, the Company continued to release smart pachislo machines and utilize its popular IPs.

On top of its business activities, the Company also worked to contribute to local, cultural, and technological promotion by sponsoring and participating in the Osaka Healthcare Pavilion, which is being exhibited by the Osaka Prefectural and City governments at Expo 2025 Osaka, Kansai, Japan from April 2025.

As a result, for the three months ended June 30, 2025, consolidated net sales were 45,502 million yen (up 53.7% year on year), operating profit was 24,597 million yen (up 90.8% year on year), ordinary profit was 22,883 million yen (up 69.7% year on year), and profit attributable to owners of parent was 17,238 million yen (up 72.8% year on year).

Status of business by operating segment

Digital Contents business

In the Digital Contents business, the Company released Capcom Fighting Collection 2 (for Nintendo Switch, PlayStation 4, Xbox One and PC) and Onimusha 2: Samurai’s Destiny (for PlayStation 4, Nintendo Switch, Xbox One and PC) in May, garnering support from series fans. Additionally, the Company also released Street Fighter 6 and Kunitsu-Gami: Path of the Goddess for the Nintendo Switch 2 in June.

Regarding catalog titles, although sales were soft for Monster Hunter Wilds, the latest title in the series released in February this year, Monster Hunter Rise, a previous title in the same series, continued to see sales growth. Moreover, following the announcement of the latest title in the flagship Resident Evil series in June, sales of titles in the same series continued to grow, led by Resident Evil Village and Resident Evil 4. Additionally, efforts to enhance brand value through building wider awareness of the Company’s IPs resulted in strong sales of Devil May Cry 5 and other titles, driving sales of catalog titles to 13.36 million units, up from the 9.26 million units sold in the same period of the previous year.

Furthermore, global cumulative sales of Street Fighter 6 reached 5 million units following ongoing efforts to bolster coordination between the Company’s games and its esports activities in pursuit of wider brand recognition and an expanded user base.

As a result, the segment earned net sales of 29,857 million yen (up 39.4% year on year), and operating profit of 20,057 million yen (up 56.4% year on year).

Arcade Operations business

In Arcade Operations, consumer lifestyle habits are undergoing change in addition to the growth in inbound tourism. As such, factors such as solid operations at existing stores and store openings in new formats contributed to earnings expansion. Moreover, the Company worked to maximize the appeal of its brick-and-mortar stores to create synergies with other businesses by holding live events and other activities.

During the three months ended June 30, 2025, the Company opened Capsule Lab/Chara Cap LaLaport Anjo (Aichi Prefecture) in April, which combines a character merchandise specialty store with a capsule toy specialty store, as well as Capcom Store Sendai (Miyagi Prefecture), a retail store that sells merchandise featuring the Company’s popular characters. Furthermore, in June the Company opened Plaza Capcom/Capsule Lab LaLa terrace Kita-Ayase (Tokyo), combining an arcade with a capsule toy specialty store, bringing the total number of stores to 56.

As a result, the segment earned net sales of 5,606 million yen (up 15.3% year on year), and operating profit of 941 million yen (up 82.3% year on year).

Amusement Equipments business

Regarding the Amusement Equipments business, the pachislo market remained solid, driven primarily by smart pachislo machines. Devil May Cry 5 Stylish Tribe, released in June 2025, sold 10.9 thousand units, contributing to earnings.

Furthermore, Monster Hunter Rise, released in November 2024, and Resident Evil 5, released in March 2025, both enjoyed long-term operation in halls due to a positive reception from players, leading to favorable catalog sales.

As a result, the segment earned net sales of 7,812 million yen (up 251.9% year on year), and operating profit of 4,910 million yen (up 353.3% year on year).

Other Businesses

The Company utilized its popular title Street Fighter 6 in its eSports business and began the global Capcom Pro Tour 2025 in May, leading to fierce competitions around the world. In addition to taking measures to expand the esports user base on a global scale, the Company worked to further promote its esports tournaments, such as announcing that it will hold the championship tournament for the 2025 season at Japan’s famous National Sumo Arena, Ryogoku Kokugikan, following the success of last season’s finals at the same venue.

In its Media business, a new Devil May Cry animated series was released worldwide on Netflix in April. As for its Character business, the Company focused on developing merchandise for its popular titles, such as the Monster Hunter and Street Fighter series. Furthermore, the Company has taken measures to enhance the value of its corporate brand, including the exhibition Capcom Creation: Moving Hearts Across the Globe, which began in March 2025 and showcases the Company’s game development process, and has since garnered critical acclaim.

As a result, the segment earned net sales of 2,226 million yen (up 102.9% year on year), and operating profit of 1,369 million yen (up 106.1% year on year).

Overview of the Consolidated Financial Position for the Period under Review

Total assets as of the end of the first quarter decreased by 19,740 million yen from the end of the previous fiscal year to 293,241 million yen. The primary increases were 8,830 million yen in property, plant and equipment, other, net, due to an increase of land assets, etc., and 5,274 million yen in work-in-progress for game software. The primary decreases were 18,268 million yen in accounts receivable - trade and 13,513 million yen in cash and deposits.

Total liabilities as of the end of the first quarter decreased by 27,016 million yen from the end of the previous fiscal year to 59,661 million yen. The primary decreases were 9,185 million yen in income taxes payable, 9,024 million yen in deferred revenue, and 4,964 million yen in provision for bonuses.

Net assets as of the end of the first quarter increased by 7,276 million yen from the end of the previous fiscal year to 233,579 million yen. The primary increase was 17,238 million yen in quarterly profit attributable to owners of parent. The primary decreases were 9,376 million yen in dividends from retained earnings, and 652 million yen in foreign currency translation adjustment.

Qualitative Information regarding the Consolidated Business Forecasts

The forecast for the consolidated business results for the current fiscal year ending March 31, 2026, remains the same as what was projected at the financial results announcement on May 13, 2025.

For full release, see:

https://www.capcom.co.jp/ir/english/data/pdf/result/2025/1st/result_2025_1st_01.pdf

Colopl, Inc. (TSE:3668)

COLOPL, Inc. provides mobile gaming applications for smartphones in Japan and internationally. The company provides services for virtual reality devices; location data analysis consulting services to governments and business corporations; and Smart Answer, a smartphone-specific research service. Its solutions cover video games and digital contents, and browser games for PCs and mobile phones. The company also involves in venture capital activities. COLOPL, Inc. was incorporated in 2008 and is based in Tokyo, Japan.

Corporate Profile

Company name	COLOPL, Inc.
Date established	October 1, 2008
Capital Stock	6,556 million yen (As of end of Mar 2021)
Business description	Mobile gaming services focus on smartphone applications for domestic and overseas VR services
Affiliations	Computer Entertainment Supplier's Association (CESA) Mobile Content Forum (MCF)
Major Subsidiaries	COLOPL NEXT, Inc. RealStyle Co., Ltd. Pyramid, Inc. 360Channel, Inc. Eighting Co., Ltd. MAGES.inc.

https://colopl.co.jp/en/company/summary/

Business Description

Games Services

We provide mobile games to both domestic and international markets. Including the main titles such as " Quiz RPG: The World of Mystic Wiz " and " Shironeko Project ", we have created a wide variety of games that are not restricted by genre. Our aim is to develop a " build-up sales model " in which each year we build up sales " tiers " by offering multiple titles each year and generating many hit titles from among these. In 2012 we started overseas expansion in English-speaking countries, and we are currently expanding mainly in East Asia, including Taiwan, Hong Kong, Macau, Indonesia and South Korea.

VR Services

We provide services for VR devices. VR is an abbreviation for virtual reality, a technology that allows users to experience the virtual world as if it were the real world by wearing an HMD (Head Mounted Display). In the rapidly growing VR market around the world, we are actively developing our business in the three areas of games, 360-degree videos and investment (VR-specific funds).

Investment Business

COLOPL and COLOPL NEXT, a wholly owned subsidiary of COLOPL, are actively investing in a wide range of industries for growth and development, including student and next-generation entrepreneurs and domestic and international VR/AR and technology companies.

We will continue to invest in entrepreneurs who have the potential to shape the future of Japan and the world in order to support the growth of attractive companies.

Other Services

We offer a wide range of services in addition to the above.

We are developing "COLOPL Outing Research Lab" a location information analysis consulting service, a wide range of other entertainment businesses that utilize game character IP (intellectual property rights) and other resources.

https://colopl.co.jp/en/company/business/

6/8/2025

3Q FY Sep.2025

Consolidated Results for the Nine Months Ended June 30, 2025
Analysis of consolidated business results

With the Group’s mission, “‘Entertainment in Real Life’: Making everyday more enjoyable and wonderful through entertainment”, the Group has been working to enrich people’s everyday lives through entertainment. In the nine months ended June 30, 2025, the Entertainment Business has been keeping in mind the need to enhance engagement with users in conjunction with existing titles, while also focusing on developing new titles. The Investment and Development Business has focused primarily on investment and divestment in IT-related and entertainment companies in Japan and overseas. As a result, consolidated results for the nine months ended June 30, 2025 were Net sales of 18,998 million yen (up 3.8% from the same period of the previous fiscal year), Operating profit of 609 million yen (Operating loss of 695 million yen in the same period of the previous fiscal year), Ordinary profit of 1,074 million yen (up 240.3% from the same period of the previous fiscal year), and Loss attributable to owners of parent of 601 million yen (Loss attributable to owners of parent 435 million yen in the previous fiscal year).

Operating results by segment are as follows.

Entertainment Business

The Entertainment Business is responsible primarily for the development and operation of games for smartphones. In games for smartphones, new titles “ISEKAI∞ISEKAI” and “Tsukuyomi: The Divine Hunter” were released. In addition, “DRAGON QUEST WALK (planning and production: SQUARE ENIX CO., LTD., development: COLOPL, Inc.)” performed well and continued to contributed to the Group's consolidated financial results. On the other hand, sales decreased due to a decline in sales accompanying the extension of the distribution period for some existing titles, and advertising expenses increased due to the release of new titles.

As a result, consolidated Net sales and Operating loss for the nine months ended June 30, 2025 stood at 16,856 million yen (down 5.8% from the same period of the previous fiscal year) and 825 million yen (Operating loss of 528 million yen in the same period of the previous fiscal year), respectively.

Investment and Development Business

The Group conducts the Investment and Development Business with a focus on investments in IT-related and entertainment companies in particular.

The main source of profit for the nine months ended June 30, 2025 was the sale of shares in Timee, Inc. In addition, impairment losses were recorded on a portion of operational investment securities held.

As a result, consolidated Net sales and Operating profit for the nine months ended June 30, 2025 stood at 2,142 million yen (up 416.7% from the same period of the previous fiscal year) and 1,432 million yen (Operating loss of 168 million yen in the same period of the previous fiscal year), respectively.

Analysis of consolidated financial position

(Assets)

Current assets as of June 30, 2025 were 63,896 million yen (down 3,370 million yen from September 30, 2024). This was mainly due to a decrease in Cash and deposits and Accounts receivable - trade, and contract assets. Non-current assets were 18,117 million yen (up 5,580 million yen from September 30, 2024). This was mainly due to an increase in Investment securities.

As a result, Total assets were 82,014 million yen (up 2,209 million yen from September 30, 2024).

(Liabilities)

Current liabilities as of June 30, 2025 were 4,912 million yen (down 1,655 million yen from September 30, 2024). This was mainly due to a decrease in Accounts payable – other. In addition, Non-current liabilities were 3,303 million yen (up 1,454 million yen from September 30, 2024). This was mainly due to an increase in Other non-current liabilities.

As a result, Total liabilities were 8,216 million yen (down 201 million yen from September 30, 2024).

(Net assets)

Net assets as of June 30, 2025 were 73,798 million yen (up 2,410 million yen from September 30, 2024). This was mainly due to an increases in Valuation difference on available-for-sale securities despite decrease in Retained earnings resulting from dividend payments.

Qualitative information on consolidated business forecasts

Given significant short-term changes in the business environment surrounding the Group, the Company has difficulties in calculating the Group’s earnings forecasts properly and reasonably, and therefore refrains from disclosing financial forecasts.

For full release, see:

https://ssl4.eir-parts.net/doc/3668/ir_material_for_fiscal_ym3/184253/00.pdf

Digital Garage, Inc. (TSE:4819)

Digital Garage, Inc. operates as a context company in Japan and internationally. The company operates through Financial Technology, Marketing Technology, Incubation Technology, and Long-term Incubation segments. The Financial Technology segment provides payment platforms, including credit card payment, convenience store payment, and QR code payment systems. The Marketing Technology segment provides marketing solutions that integrate digital and real solutions. The Incubation Technology segment invests in early-stage start-ups and later-stage businesses in the United States, Japan, and Asia. The Long-term Incubation segment provides medium- to long-term cash inflows. Digital Garage, Inc. was founded in 1995 and is headquartered in Tokyo, Japan.

Company Profile

Company Name	Digital Garage, Inc.
Established	August 17th, 1995
Revenue (Consolidated)	36,936 million yen（FY2020）
Profit before tax (Consolidated)	10,008 million yen（FY2020）
Profit attributable to owners of parent (Consolidated)	7,420 million yen（FY2020）
Total equity	52,795 million yen (As of 31st of March 2020)
Total number of shares issued	47,406,800 (As of 31st of March 2020)
Fiscal year end	March 31st

https://www.garage.co.jp/en/company/

7/8/2025

1Q of FY26

Medium-Term Plan (FY24.3 - FY28.3): Targets & Progress

FY25.3 – Several initiatives bore fruit, driving a significantly higher growth rate vs. FY24.3 and allowing us to meet the targets on a single FY basis
We continue working on partnerships with strategic partners in various areas, toward further improving growth rates over the remaining 3-year period

Growth Rate of Pre-tax Profit

Scale up operations through monetization initiatives in new businesses & by growing payment transaction volume
Initiate operations at DG Business Technology (DGBT) – founded to offer general digital business support solutions – will allow us to monetize to the entire payment value chain

Payment Transaction Volume

Further accelerate growth in payment transaction volumes through business collaboration with alliance partners including Resona Group, Toshiba Tec Corporation, JCB, ANA Group, KDDI Group, and Square, with the potential to exceed the 15 trillion yen target
Expand the offline payment domain with the “Cloud Pay” unified QR code payment solution

Investment Business Income

Finished moving investments off balance sheet by transferring portfolio to joint fund with Resona Group (approx. ¥10 B)
Continued focus on asset sales coupled with the pursuit of returns from collaboration/joint ventures with companies we have invested in

Shareholder Returns (dividend)

Progressive dividend policy driven by expected sustainable growth in the payment business
Increasing ordinary dividend growth rate with the acceleration of strategic businesses
Active use of investment business income for additional shareholder returns (¥9.0 B in share buybacks completed in 2 years)

Segment Highlights

Strategic alliances for medium-to-long-term growth & Inroads into new areas

Enhance alliance with Resona Holdings. Advance efforts in next-gen payment applications & digital finance business for SMEs
2025 launch expected for [NESTA], a next-gen payments platform jointly developed with the KDDI Group
New developments in our unified QR code payment solutions series [Cloud Pay]; Expand into IoT market for things like automated fare collection machines

For full release, see:

https://ir.garage.co.jp/documents/ir/en/250807_dg_en.pdf

GMO Payment Gateway, Inc. (TSE:3769)

GMO Payment Gateway, Inc., together with its subsidiaries, provides financial services and integrated payment related services. It operates through three segments: Payment Enhancement Business, Payment Processing Business, and Money Service Business.

The company offers PG multi-payment service, a payment platform that provides credit card payment, convenience store payment, account transfer, and multi-currency credit card payment. It also provides GMO payment after delivery; Ginko Pay Base System, a smartphone app that enables payments to be made by an immediate debit from the bank account; and GMO-PG processing platform, which helps financial institutions or financial service providers start payment-related services by enabling payment infrastructure building, as well as security services.

In addition, the company offers global payment services; and early payment, GMO-PG remittance, guarantees, and transaction lending services. Further, it offers online advertising services consisting of administrative services for listing ads that use Yahoo! Promotional Ads and Google AdWords; and administrative services for Facebook Ads, Google Analytics, etc. It serves online merchants and public organizations, such as NHK, National Tax Agency, and Tokyo Metropolitan Government; and banks and other financial institutions. GMO Payment Gateway, Inc. was founded in 1995 and is headquartered in Tokyo, Japan.

Business Overview

We provide our customers with comprehensive payment-related services and financial services.

GMO-PG offers comprehensive payment-related services and financial services to more than 150,000 merchants, including operators of online shops, operators who collect recurring monthly payments such as NHK, and public organizations such as National Tax Agency and Tokyo Metropolitan Government. On top of its core payment-related services, the leading company in Japan’s payment space provides value added services such as online advertising service that contributes to boost sales of merchants and a loan service which provides working capital to support merchant growth. Its transaction value has reached over 6.9 trillion yen per annum. (GMO-PG consolidated companies total, as of end-March 2021)

GMO Payment Gateway creates new value in payments with sights set firmly on the future, adapting to a world where change happens faster than ever before.

Our Services and Focus Areas

E-COMMERCE

Providing all types of highly convenient, secure payment methods, from internet shopping to online payments of taxes and public dues

FinTech

For merchants we develop payment methods that utilize finance technology, and services that support growth according to financing needs

CASHLESS

Began offering services for financial institutions to accommodate more payments going cashless, which is anticipated to reach the same levels in Japan as in other countries

IoT

Providing highly-secure services in the area of card-present payments, where further growth is expected along with the promotion of cashless payments and increased inbound consumption

GLOBAL

Globally exporting our expertise, know-how, and services in payments and finance, while actively promoting partner strategies through investment

https://www.gmo-pg.com/en/corp/company/business/

8/8/2025

Q3 FY2025

Summary

Quantitative

Q3 FY2025 Results
Revenue : ¥13.19 billion (YoY ▲3.0%) Progress vs. full-year plan: 59.4%
Operating Profit: ¥1.81 billion (YoY +27.9%) Progress vs. full-year plan: 89.7%
Revenue Categories
Recurring: ¥6.42 billion (YoY +29.8%) ‐Initial: ¥6.76 billion (YoY ▲21.7%)
KPI(3Q)
Number of Active Terminals (Q3): 424 K (YoY+6.3K、YoY+17.5%) ‐ARPU (Q3 cumulative): ¥15,000 (full year adjusted: ¥21,000)
Transaction Volume (Number of Transactions): 0.28 bn (YoY+42.1%) ‐(Reference) GMV: ¥2.1 tn (YoY +28.8%)

Qualitative

Business Topic

Acquisition of Active IDs: Continue strategic accumulation aimed at reaching 1.2 million IDs by 2033
Acquisition of high-ARPU merchants: Accelerated acquisition of daily life necessity merchants – led to significant recurring revenue growth
M&A: Acquisition of restaurant operation support & mobile ordering business specializing in cash-on-delivery Strengthened OMO support in response to diversifying consumer needs

Organzation Topic

ESG: Achieved highest rating “A” in CDP Supplier Engagement score

1.3 Major Topics Regarding Financial Results

Revenue
Initial: Continued downside in base trend for the manned(SME) segment and shift to terminal-less solutions
- Recurring: Steady growth driven by contributions from daily-life sector merchants and ARPU expansion
Gross Profit
- Steady expansion of recurring-model revenue
- Expansion of software development revenue (development associated with vertical expansion for large merchants)
- Change in terminal mix (increase in proportion of high-margin terminal sales)
Operating Profit
Increase in gross profit due to expansion of recurring revenue
Growth in gross profit due to expansion of software development revenue
Allocation for higher risk merchant stores (allocated in Q2)

For full release, see:

https://gmo-fg.com/en/ir/library/20250812_Financial_Results_Briefing_for_Q3_FY2025_Final.pdf

Gungho Online Entertainment, Inc. (TSE:3765)

GungHo Online Entertainment, Inc. is a Japanese video game developer and publisher. GungHo Online Entertainment, Inc. plans, develops, operates, and distributes online computer games, smartphone applications, and console games. The company was formerly known as ONSale Co., Ltd. and changed its name to GungHo Online Entertainment, Inc. in August 2002. GungHo Online Entertainment, Inc. was founded in 1998 and is based in Tokyo, Japan

Corporate Overview

Company Name	GungHo Online Entertainment, Inc.
Established	July 1, 1998
Paid-in Capital	5,338 million yen (as of December 31, 2020)
Employees	Consolidated: 1,335 (Non-consolidated: 404)
Group Companies	GAME ARTS Co., Ltd. ACQUIRE Corp. GRASSHOPPER MANUFACTURE INC. SUPERTRICK GAMES,Inc. mspo Inc. GRAVITY Co., Ltd. GungHo Online Entertainment America,Inc. GungHo Online Entertainment Asia Pacific Pte.Ltd. GungHo Gamania Co., Limited
Affiliated Organizations	CESA (COMPUTER ENTERTAINMENT SUPPLIER’S ASSOCIATION) JOGA (Japan Online Game Association) MCF（Mobile Content Forum） JeSU (Japan esports Union)
Outline of Businesses	Planning, development, operation and distribution of smartphone applications Planning, development and sales of console games Planning, development, operation and distribution of online computer games

https://www.gungho.co.jp/en/company/profile.html

The Origin of Our Name

GungHo means “passionate,” “enthusiastic,” and “dedicated.” This name represents our passionate dedication to our work and our commitment to our corporate duties. In addition, it means “Let’s work together!”, and today it’s used as a rallying cry similar to the Japanese “Ei ei oh!”

https://www.gungho.co.jp/en/company/origin.html

Hikari Tsushin, Inc. (TSE:9435)

Hikari Tsushin Co., Ltd. Is a holding company in the information and telecommunications industry headquartered in Toshima-ku , Tokyo . Hikari Tsushin, Inc. engages in the sale of communication-related products, such as business phones, OA equipment, UTMs, and servers. The company also provides Internet communication line, content, electricity, industry-specific IT solutions, water delivery services, etc., as well as insurance products and agency sales services. The company was founded in 1988 and is headquartered in Tokyo, Japan.

Business description

The company and the company group make their core business stock business where continuous revenue is expected from usage fees, etc., after the sale of goods and services, and aim to contribute to stakeholders including customers, business partners, shareholders, employees and society, etc., through diffusing various goods and services widely to individual and corporate customers. The company manages the group overall as a holding company and conducts various business through each subsidiary. Our main consolidated subsidiaries are as follows:

FT Group CO., LTD.
Premium Water Holdings, Inc.
NFC HOLDINGS, Inc.
CHIC Holdings, INC.
IE Group, Inc.
Member's Mobile Inc.
Telecom Service Co., Ltd.
J-Communication Inc.
EPARK, Inc.

https://www.hikari.co.jp/en/business.html

KDDI Corp (TSE:9433)

KDDI Corporation is a Japanese telecommunications operator formed on October 1, 2000, through the merger of DDI Corp. (Daini-Denden Inc.), KDD (Kokusai Denshin Denwa) Corp. (itself a former listed state-owned enterprise privatized in 1998), and IDO Corp. It has its headquarters in the Garden Air Tower in Iidabashi, Chiyoda, Tokyo. KDDI Corporation provides telecommunications services in Japan and internationally. It operates through four segments: Personal Services, Life Design Services, Business Services, and Global Services.

The Personal Services segment offers mobile services under the au and MVNO brands; fixed-line services under the au Hikari brand; and FTTH services, CATV services, and others. It also provides non-telecommunications services, such as the au WALLET Market product sales services through au shops; energy services under the au Denki brand; and education services under the AEON brand.

The Life Design Services segment offers online and offline value-added non-telecommunications services; subscription services, such as thedigital content of au Smart Pass/au Smart Pass Premium; commerce services under the au Wowman brand; and other services, as well as insurance and other services in the financing business.

The Business Services segment offers mobile services using devices that include smartphones and tablets, as well as networks, applications, and cloud services to a range ofcorporate customers, which comprise small and other corporations. It also provides various services in the IoT sector.

The Global Services segment offers telecommunication services, ICT Solutions, data center services, and others for individuals and corporate customers. It is also involved in construction and maintenance of facilities, call center operations, and researchand development of technologies. KDDI Corporation has a mobile payment alliance agreement with Merpay, Inc., LINE Pay Corporation, and NTT DOCOMO, INC. for merchant stores. The company was founded in 1953 and is headquartered in Tokyo, Japan.

Company Profile

Company name	KDDI CORPORATION
Date of establishment	June 1, 1984
Main business	Telecommunications business
President	Makoto Takahashi
Capital	141,852 million yen
Total employees	47,320 (consolidated base)

https://www.kddi.com/english/corporate/kddi/profile/

1/8/2025

Financial Statements Summary for the three-month period ended June 30, 2025 [IFRS] - 1/8/2025

1.Consolidated Financial Results for the three-month period ended June 30, 2025 (April 1, 2025 - June 30, 2025)

Consolidated Operating Results

Operating revenue

Operating income

Profit for the period before income tax

Profit for the period

Profit for the period attributable to owners of the parent

Total comprehensive income for the

period

Three-month period ended June 30, 2025

Three-month period ended

June 30, 2024

1,436,328 3.4

1,389,138 4.2

272,540 (1.6)

276,988 3.9

269,771 (6.0)

287,005 3.7

189,049 (3.6)

196,200 2.6

171,122 (3.3)

176,949 0.0

194,343 4.7

185,654 (22.2)

	Basic earnings per share	Diluted earnings per share
	Yen	Yen
Three-month period ended June 30, 2025	43.01	43.00
Three-month period ended June 30, 2024	42.49	42.48

Consolidated Financial Position

	Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent to total assets
				%
As of June 30, 2025	17,594,339	5,653,511	5,154,612	29.3
As of March 31, 2025	16,876,219	5,650,572	5,128,072	30.4

Dividends

	Dividends per share
	1 st Quarter End	2 nd Quarter End	3 rd Quarter End	Fiscal Year End	Total
Year ended March 31, 2025 Year ending March 31, 2026	Yen — —	Yen 70.00	Yen —	Yen 75.00	Yen 145.00
Year ended March 31, 2025 Year ending March 31, 2026	Yen — —
Year ending March 31, 2026 (forecast)		40.00	—	40.00	80.00

Overview of Operating Results and Financial Position
Overview of Operating Results
Results Overview

Industry Trends and KDDI’s Position

With communication technologies being integrated into everything and playing an increasingly important role in modern society, we are entering an era in which a new type of value is being created across all of society, including in industry and people’s everyday life. In addition, Japan can expect to see a transformation in the structure of industry with the progression of efforts to realize a sustainable society through improvements in productivity and decarbonization.

In May 2024, the Company updated its business strategy, naming it the Satellite Growth Strategy, in response to rapid environmental changes sweeping through society, including the advance of digital social infrastructure driven by data and generative AI. Under the updated business strategy, we will strive to achieve “KDDI VISION 2030: Creating a society where everyone can realize their dreams by evolving the ‘power to connect.’” Going forward, the Company will maintain its mission of connecting and protecting lives, connecting day-to-day lives, and connecting hearts and minds. We continue aiming to enhance corporate value and promote the sustainable growth of society by fulfilling our important social role and delivering thrilling customer experiences that exceed expectations.

Under the Satellite Growth Strategy, we are accelerating the evolution of the “power to connect” by creating new value with all our partners, centering our efforts in the core businesses on promoting the practical application of generative AI and the implementation of data-driven practices based on high-quality and highly reliable 5G telecommunications. Regarding the practical application of generative AI, we are striving to create value by leveraging the Group’s computational infrastructure and network resources while collaborating with a startup that boasts Japan’s best R&D capabilities for large language models (LLMs). With a focus on stable and high-quality telecommunications and AI, we provide customers with services that they value and use the consideration arising from that value for returns and investments in partners, perpetuating a beneficial economic cycle.

In addition to pursuing collaboration in core business areas, we will focus on the three fields of digital transformation (DX), finance, and energy as business fields that drive the Company’s growth (Orbit 1 ). We will continue accelerating growth mainly by working hard to maximize synergy with the telecommunications business and collaborating with partners. In the DX field in particular, we launched WAKONX in May 2024 as a new business platform for this era of AI-integration.

WAKONX is accelerating the business growth of Japanese companies and the resolution of social and industrial issues by providing one-stop services encompassing AI, databases, networks, operations, and maintenance, all of which are indispensable to accelerating DX in society.

In addition, as for business fields in which we are striving to achieve new growth (Orbit 2), we established the five fields of mobility, space, healthcare, Web3 and metaverse, and sports and entertainment. We aim to further expand business by leveraging the Company’s strengths of telecommunications and new technologies while striving to transform customer lifestyles through partnerships.

Furthermore, the Company aims to create a society where everyone can realize their dreams as “the company the customer can feel closest to” by promoting future-oriented initiatives with the themes of “To Global,” “With Life,” and “For Future” in tandem with the Satellite Growth Strategy.

In addition, the Company relocated its headquarters to THE LINK PILLAR 1 NORTH in TAKANAWA GATEWAY CITY in July 2025. In the new headquarters, we set up collaboration spaces that encourage internal and external co-creation, areas where private events involving Group companies can be held, office spaces with flexible layouts can be easily changed accommodate workstyle changes, and more. These moves will spur active commingling and generate new ideas and innovation. We also opened the LAWSON TAKANAWA GATEWAYCITY store, the first Real × Tech LAWSON store, a convenience store of the future combining the warmth of a real space with the power of technology. Going forward, we aim to reflect the results of pilot tests in Takanawa as we expand Lawson’s Real × Tech Convenience to other stores. Continuing to work together to transform the Lawson chain into the convenience stores of the future, we will promote the expansion and stimulation of the Ponta economic zone and the enhancement of marketing by utilizing the data gathered.

The Company has announced “realizing carbon neutrality” as one of its material issues and is proactively undertaking initiatives aimed at achieving this goal. Regarding the realization of carbon neutrality, which is one of the Company’s material issues, we formulated new targets in May 2024 and aim to achieve net-zero CO2 emissions throughout the supply chain, including Scope 3 emissions, by FY2040. To achieve this target, we aim to achieve net-zero CO2 emissions throughout the entire Group by FY2030 and actively promote a shift toward renewable energy and greater power efficiency for our mobile phone base stations and telecommunications equipment.

To continue sustainably growing amid a rapidly changing business environment, we need to promote innovation and transform into a company that puts human resources first, encouraging advanced autonomy and growth among employees and organizations. In promoting innovation, we will continue conducting R&D for advanced technologies focused on Beyond 5G and 6G while promoting collaboration with external partners and open innovation through alliances with industry, academia, and government. Moreover, we will keep collaborating with competitors, for example, sharing 5G equipment with SoftBank Corp., with the aim of making Japan more resilient and competitive on the world stage.

Regarding our transformation into a company that puts human resources first, we evolved our three pillars, namely: engraining the new personnel system, developing professional human resources through the KDDI Version Job Style Personnel System, and enhancing employee engagement. We are promoting the transformation of workstyles and initiatives to further support employee career-building and growth.

We will also continue working to strengthen our risk management and information security systems and promote unified group management through the synergistic effect of the KDDI Philosophy, which serves as a common policy and code of conduct for both management and employees, and a corporate governance system that respects human rights and ensures transparency and fairness.

For full release, see:

https://newsroom.kddi.com/english/ir-news/assets/2025/kddi_ir 1021_4035/kddi_250801_e_statement_full_m68VzO.pdf

KONAMI HOLDINGS CORP.(TSE:9766)

Konami Holdings Corporation is a Japanese entertainment, video game, and gambling conglomerate. It produces and distributes trading cards, anime, tokusatsu, slot machines, pachinko machines, and arcade cabinets, and is a video game developer and publisher. Konami has casinos around the world and operates health and physical fitness clubs across Japan.

Konami Holdings Corporation, together with its subsidiaries, primarily engages in the digital entertainment digital entertainment, amusement, gaming and systems, and sports businesses. The Digital Entertainment segment manufactures and sells digital content and related products, including mobile games, arcade games, card games, and computer and video games. The Amusement segment manufactures and sells amusement machines. The Gaming & Systems segment manufactures, sells, and services gaming machines and casino management systems. The Sports segment operates fitness activities and sports classes, including swimming, gymnastics, dance, soccer, tennis, and golf, as well as produces and sells sports related goods. It operates in Japan and other Asia/Oceania countries, the United States, and Europe. The company was formerly known as Konami Corporation and changed its name to Konami Holdings Corporation in October 2015. Konami Holdings Corporation was founded in 1969 and is headquartered in Tokyo, Japan.

Corporate Data

Company Name	KONAMI HOLDINGS CORPORATION
Founded	March 21st 1969
Incorporated	March 19th 1973
Paid in capital	JPY47 billion
Consolidated Employees	9,072* (As of March 31, 2021) *Including temporary employees, converted at 160 hours per month
Consolidated Subsidiaries	22 companies

https://www.konami.com/corporate/en/data/

Principal Business

Digital Entertainment Business (Japan, North America, Europe and Asia)

For more than five decades, KONAMI has offered unique new game content and user experiences in its Digital Entertainment Business by responding to changing customer needs.

Starting with the manufacturing and sales of amusement machines (arcade games) in the early 1970s, we began manufacturing video games along with the release of video game consoles in the 1980s. From 2010, we started developing and distributing mobile games for rapidly-spreading portable devices, including smartphones and tablets.

In recent years, we have begun offering titles on cloud gaming platforms and multiple devices to further strengthen subscription type services.

We will continue our challenge to the next innovation by fully leveraging the capabilities of high-performance devices and advanced technologies, including latest mobile communication systems such as "5G," "AI" and "AR."

As a leading esports company, we are working to create a new user experience in esports, where games are viewed as competitions, by holding tournaments and events online so that people can enjoy them even in the current restricted condition.

https://www.konami.com/corporate/en/business/digitalentertainment.html

Amusement Business (Japan and Asia)

KONAMI's Amusement Business handles design, production and sales of amusement machines and online game services. We also actively promote global business development.

KONAMI has continued to fulfill customer expectations with its amusement machines by offering new forms of entertainment experience, such as starting the music game boom and creating new value through online services and multiplatform development of KONAMI content.

In recent years, we have also strived to create new forms of entertainment, including holding of the up and coming esports championships in Japan and around the world.

Amusement facilities are now increasingly recognized as a place where a broad age demographic with diversified needs, including families and the elderly can enjoy leisure activities and medal games, respectively.

By leveraging KONAMI content and our expertise gained over the decades of entertainment excellence, we will continue to offer ever more customers fun and exciting gameplay experiences by delivering a rich array of products and services.

https://www.konami.com/corporate/en/business/amusement.html

Gaming & Systems Business (North America, Oceania and Asia)

KONAMI's Gaming & System Business develops, manufactures, distributes and services gaming machines and casino management systems for the casino market.

KONAMI first entered the gaming market in 1996 and has expanded its Gaming & System Business across the globe while securing gaming licenses in the world's major markets, including North America and Australia.

The gaming market is continuing to see growth with the worldwide development and opening of new casino facilities and integrated resorts (IR) including casinos. In addition, along with the continued growth of the online gaming market, we have implemented various measures aimed at young people to revitalize the industry, including the introduction of slot machines that increase the chances of win depending on the player's skill level, as well as holding esports tournaments.

KONAMI continues to respond to such market needs by tapping into a wealth of technological capabilities and knowledge amassed over years of developing products with excellent entertainment value, with the goal of spreading the sheer joy of gaming to customers worldwide.

https://www.konami.com/corporate/en/business/gaming.html

Sports Business (Japan)

KONAMI's Sports Business manages and operates sports clubs (fitness clubs and schools for children) and public sporting facilities, and the plans, develops and sales sports and health-related products.

In addition, in collaboration with local governments and other organizations, we work to solve problems in local communities by leveraging the know-how accumulated through the operation of sports clubs, such as teaching swimming lessons at elementary and junior high schools, providing sports and exercise guidance to local residents, conducting nursing care prevention projects, and managing various sports events.

We are also ready to expand our services outside our facilities through the use of internet and applications for online fitness, walking and running.

In Japan, which is said to be a super-aging society, people's interest in improving their health through sports and exercise is on the rise, and it is becoming ever more important to create an environment where people can engage in sports and exercise that suits their individual lifestyles in an increasingly diverse society. With the aim of extending the healthy life expectancy, we will provide a wide range of services and products cantered on sports to support people so that they can lead healthy and vigorous lives forever.

https://www.konami.com/corporate/en/business/sports.html

Nippon Telegraph & Telephone Corp (TSE:9432)

The Nippon Telegraph and Telephone Corporation commonly known as NTT, is a Japanese telecommunications company headquartered in Tokyo, Japan. Ranked 55th in Fortune Global 500, NTT is the fourth largest telecommunications company in the world in terms of revenue, as well as the fifth largest publicly traded company in Japan after Toyota, Mitsubishi Corporation, Honda and Japan Post Holdings, as of September 2019.

At a Glance

NTT is an acronym for Nippon Telegraph and Telephone Corporation.

NTT Group's business consists of mobile communications (NTT DOCOMO, INC etc.), regional communications (NTT EAST and WEST etc.), long distance and international communications (NTT Ltd., NTT Communications Corporation, etc.), and data communications (NTT DATA CORPORATION etc.) as well as real estate (NTT Urban Development Corporation), system development (NTT COMWARE CORPORATION), and finance (NTT FINANCE CORPORATION).

In 1870, the Ministry of Communications launched a telegraph service between Tokyo City and Yokohama City.

On July 31, 1952, the Nippon Telegraph and Telephone Public Corporation Act was enacted. Based on this Act, Nippon Telegraph and Telephone Public Corporation ("Dendenkosha" for short), which would later become the core company of NTT Group, was set up on August 1, 1952, to promote widespread use of telephone services in Japan as a state-owned special corporation.

Telephone and communications services were expanded throughout Japan during the country's period of rapid economic growth and, in 1985, Nippon Telegraph and Telephone Public Corporation was privatized. To streamline its structure and expand its business domains, NTT founded a subsidiary for each line of business and established NTT Group.

NTT Group's sales (operating revenues) reached approximately 11.89 trillion yen in March 2019. We carried out the "Your Value Partner 2025" NTT Group Medium-Term Management Strategy based on the business of each existing group company.

This included expanding our global cloud services, streamlining our high value-added network business, pursuing collaboration with a wide range of operators, and expanding our B2B2X business. As a result, we recorded our highest ever revenue and profits to date.

Approximately 319,000 employees work at NTT Group.　NTT Group now has over 900 related companies and approximately 300,000 employees worldwide, making it a global enterprise that delivers ICT services across the world. In July 2019, we established the overseas company NTT Ltd. with the global division of NTT Communications Corporation and Dimension Data as its parent organizations.

NTT Group has registered approximately 17,000 patents to date. In response to market globalization and intensifying competition in technology development, we have effectively combined our and other companies' technologies, thereby efficiently and strategically spreading technologies as we grow our business.

Almost no other telecommunications company around the world has its own research and development division. This is one more thing that sets NTT Group at a cut above the rest.

As an initiative for smart cities, 5G, and technological development, NTT Group is currently promoting the activities of the IOWN (Innovative Optical and Wireless Network) Global Forum along with related companies. Together, we work to envision our future society and act to realize the IOWN concept.

NTT Group has made drastic changes to its business, including building up the telephone services that it has provided since its establishment, a shift to mobile services and broadband as the Internet came into wider use, and development in its global business that continues to grow to this day.

In an era that requires solutions for even more complex problems, NTT Group will advance and look further ahead, carrying out bold reforms, and continuing to serve as "Your Value Partner" for customers and society in general.

https://group.ntt/en/group/at_a_glance.html

6/8/2025

Financial Results for the Three Months Ended June 30, 2025

Overview of Results of Operations Please refer to the following materials disclosed on TDnet and our website on Wednesday, August 6, 2025, for a summary of results of operations and financial condition during the three months ended June 30, 2025.

Presentation Material
Supplementary Data Download the latest IR materials: https://group.ntt/en/ir/library/latest/

Summary Information (notes)
Significant changes in the scope of consolidation during the three months ended June 30, 2025: None

(2) Changes in Accounting Policies and Estimates: None

Condensed Quarterly Consolidated Statements of Cash Flows

The last days of the fiscal year ended March 31, 2024 and three months ended June 30, 2024 fell on non-business days, resulting in the due date of certain bills, including telecommunication service bills, being set to the first business day of the following month. Consequently, the impact on the condense
“Interest expenses,” which had previously been presented within “Other, net” in cash flows from operating activities for three months ended June 30, 2024, is now presented separately for three months ended June 30, 2025, due to an increase in the materiality of the amount of this item. As a result of this change, the ¥ (1,888) million amount that had previously been presented as “Other, net” in the consolidated statement of cash flows for the three months ended June 30, 2024, has been reclassified and presented as ¥35,263 million of “Interest expenses” and ¥ (37,151) million of “Other, net.”

Segment Information

NTT Group’s business segments are as follows, for which discrete financial information is available and whose operating results are utilized by NTT Group’s management to make decisions about the allocation of resources and to assess business performance. Services included in each segment are as follows:

Integrated ICT Business

Fixed voice-related services, Mobile voice-related services, IP/packet communications services, sales of telecommunications terminal equipment, System integration services, and other services

Global Solutions Business

System integration services and other services

Regional Communications Business

Fixed voice-related services, IP/packet communications services, sales of telecommunications terminal equipment, system integration services, and other services

Others (Real Estate, Energy and Others)

Services related to real estate business and energy business, etc.

For full release, see:

https://group.ntt/en/newsrelease/2025/08/06/pdf/250806ab.pdf

Nippon Television Holdings, Inc (TSE:9404)

Nippon Television Holdings, Inc. operates as a media and content company in Japan. It operates through Media and Content Business, Life and Health Related Business, and Real Estate Rental/Leasing Business segments. The company is involved in planning, production, and sale of broadcasting and TV programs; broadcasting of NTV programs; technical production related to studios, live broadcasting, master technology, EJ news gathering, editing, postproduction, etc.; production related to programming, such as drama, variety, information, news, etc.; and content production, closed captioning, library, etc. It also engages in planning sporting events and various NTV events; management of NTV school; art design, lighting and sound effects; design of sets, flip charts, TV graphics; production of pamphlets, posters, etc.; management of intellectual property, music publishing rights, CD master and merchandising rights, etc.; production and sale of CDs, and DVDs, and program-related merchandise goods; rental of recording studios, etc.; and operation of fitness clubs, insurance agencies, and museums. In addition, the company is involved in commercial building maintenance; racetrack, concerts, and events management; Website production, and broadband and mobile phone content transmission; management of shopping portal sites; copyright management; Internet content streaming business; IT activities for broadcasting; and news gathering, reporting, and production of information, sports programs, news, etc. Further, it engages in planning of art exhibits; planning, production, and distribution of animation, commercial films, graphic designs, illustrations, characters, social games, and other content, as well as 3D computer graphics; talent production agency, e-commerce, and esports businesses; and contractual production of programs for broadcasters; and ENG camera filming, editing, and postproduction activities. The company was founded in 1952 and is based in Tokyo, Japan.

Corporate Data

English Corporate Name	Nippon Television Holdings, Inc. Effective October 1, 2012, Nippon Television Network Corporation changed its trade name to Nippon Television Holdings, Inc. upon transitioning to a certified broadcasting holding company structure
Date of Establishment	October 15, 1952
Details of Business	Integrated management and operation of the companies in the group, through ownership of shares and stocks as a certified broadcasting holding company
Capital	18.6 billion yen
Fiscal Year End	March 31, annually
General Meeting of Shareholders	June, annually (regularly scheduled)
Number of Employees	201 (as of April 1, 2020)

https://www.ntvhd.co.jp/english/info/index.html

6/2/2025

FY2024 3rd Qtr

Stock Repurchase and Cross-shareholding Reduction

Stock repurchase

April 2024 – May 2024: 1,576,200 shares repurchased at the total price of JPY 3,514,868,532

Dividend distribution starts for foreign shareholders not listed on the shareholder registry

It was resolved at the Ordinary General Meeting of Shareholders to pass the proposal to amend the Articles of Incorporation to enable foreign shareholders without voting rights (foreign shareholders above 20%) to receive dividends.
Dividend distribution will start with the record date of March 31, 2024.

Reduction of cross-shareholdings

Recorded JPY 5.75 billion from Gain on sale of investment securities in 3rd Qtr FY2024
We will continue to reduce cross-shareholdings as we consider quantitative factors such as the financial performance, dividend, and share price of relevant companies to determine whether it is reasonable to own their shares.

Higher Sales and Operating Profit

Nippon TV ad sales increased. Spot ad sales trended higher YoY.
International content sales, movies, and IP business also contributed to Nippon TV’s sales and profit growth. • Studio Ghibli, BS Nippon Corporation, Nippon Television Service, and ACM contributed to the sales and profit increase of the consolidated entity.
Although we recorded cross-shareholdings stock sales of JPY 5.75 billion this fiscal year, net income for the period decreased due to last fiscal year’s cross-shareholdings stock sales and extraordinary income from the Studio Ghibli acquisition.

For full report, see:

https://www.ntvhd.co.jp/english/pdf_cms/news/20250206-pm.pdf

Nomura Research Institute, Ltd (TSE:4307)

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform service in Japan. Its Consulting segment offers management, operational, and system consulting services for enterprise and government agencies. This segment is also involved in the research, future projection, and recommendations related to society, economics, business, technology, etc. The company’s Financial IT Solutions segment provides system consulting, development, and management solutions, as well as shared online services for the financial institutions, including the securities, insurance, banking, asset management, and other financial sectors. Its Industrial IT Solutions segment offers system consulting, development, and management solutions, as well as shared online services primarily for the distribution, manufacturing, service, and public sectors. The company’s IT Platform Services segment engages in the data centre operation activities and construction of platforms and networks to the Financial IT and Industrial IT Solutions segments, as well as provides IT platform solutions and information security services to external clients. This segment is also involved in research related to advance IT, etc. The company was founded in 1965 and is headquartered in Tokyo, Japan.

Nomura Research Institute, Ltd. is the largest economic research and consulting firm in Japan, and a member of the Nomura Group. Established in 1965, the firm now employs over 13,000 people. It owns ten subsidiaries in Japan and multiple subsidiaries overseas, in India, New York City, Dallas, London, Seoul, Shanghai, Beijing, Hong Kong, Moscow, Taipei, the Philippines, Singapore, Bangkok, and Jakarta. In 2016 NRI acquired Cutter Associates

Corporate Overview

Corporate Name	Nomura Research Institute, Ltd.
Established	April 1, 1965
Capital	21,175,163,500 yen
Number of Employees	6,507 (NRI Group 13,430) as of March 31, 2021
Consolidated Sales	550.4 billion yen (Fiscal 2020 ending March 31, 2021)
Major Services	Consulting, Financial IT Solutions, Industrial IT Solutions, IT Platform Services

https://www.nri.com/en/company/info

NS Solutions Corp (TSE:2327)

NS Solutions Corp. is a Japanese company headquartered in Tokyo, Japan, that offers IT services. NS Solutions Corporation provides information technology solutions in Japan and internationally. The company offers business and information systems consultation services; and plans, designs, develops, implements, operates, and maintains information systems. It also develops, manufactures, and sells software and hardware; and provides outsourcing services using information technology. In addition, the company offers data centre and cloud computing services; and ERP, management visualization, system integration and workflow, and production and sales management solutions, as well as IT infrastructure and global expansion support services. It serves manufacturing, retail, distribution, transportation, finance, and telecommunication sectors, as well as government. The company was formerly known as Nippon Steel Information and Communication Systems Inc. and changed its name to NS Solutions Corporation in 2001. NS Solutions Corporation was incorporated in 1980 and is headquartered in Tokyo, Japan. NS Solutions Corporation is a subsidiary of Nippon Steel & Sumitomo Metal Corporation.

Corporate Information

Name	NS Solutions Corporation
Capital	12,953JPY million
Established	October 1, 1980
Description of business	Consultation on business and information system Planning, design, development, implementation, operation and maintenance of information system Development, manufacturing and sales of software and hardware Provision of outsourcing services using information technology
Net sales	Consolidated 252.0JPY billion (FY ended Mar.2021)
Number of employees	Consolidated 6,958 (Mar.2021)
Stockholder	Nippon Steel 61.3%
Affiliates	Overseas NS Solutions Software(Shanghai) NS Solutions USA NS Solutions Asia Pacific Thai NS Solutions Co,. Ltd. PT.NSSOL SYSTEMS INDONESIA NS Solutions IT consulting Europe Ltd. Consulting NS Financial Management Consulting Financial Engineering Group IT Service NSSLC Service Regional subsidiaries Hokkaido NS Solutions, Tohoku NS Solutions, NS Solutions Tokyo, NS Solutions Kansai, NS Solutions Chubu, NS Solutions Nishinihon, Oita NS Solutions Joint Ventures NCI Systems Integration (w/Itochu) Nittetsu Hitachi Systems Engineering (w/Hitachi)

Certified as a systems integrator by the Ministry of Economy, Trade, and Industry
Certified as a specified systems operator by the Ministry of Economy, Trade, and Industry
Certified as a notified Telecommunications carrier by the Ministry of Internal Affairs and Communications
Certified as a specified constructor, electric work contractor, and telecommunications work contractor by the Ministry of Land, Infrastructure, and Transport
Certified as a Privacy Mark holder by the Japan Information Processing Development Corporation

https://www.nssol.nipponsteel.com/en/corporate/factsheet.html

NTT Data Corp. (TSE:9613)

NTT DATA Corporation provides consulting, system development, and business information technology (IT) outsourcing services worldwide. The company operates through Public & Social Infrastructure, Financial, Enterprise & Solutions, North America, and EMEA & LATAM segments. It offers value-added IT services for government, medical, telecommunications, electric power, and other social infrastructure; financial institutions; and the manufacturing, distribution, and servicing industries, as well as payment services and platform solutions. The company was formerly known as NTT Data Communications Systems Corporation and changed its name to NTT DATA Corporation in 1996. NTT DATA Corporation was founded in 1967 and is headquartered in Tokyo, Japan. NTT DATA Corporation is a subsidiary of Nippon Telegraph and Telephone Corporation.

Company Profile

NTT DATA has set targets of a 60% reduction in Scope 1 and 2 emissions (compared to fiscal 2016 levels) by 2030, carbon neutrality for Scope 1 and 2 emissions by 2040, and net zero for Scope 1, 2, and 3 emissions by 2050. Since April 2022, energy used at the Toyosu Center Building and Toyosu Center Building Annex where NTT DATA's headquarters is located, and total energy consumed for operation of principal services (the settlement/finance related ANSER®, CAFIS®, and the digital transformation foundation OpenCanvas®), has been 100% renewable energy4. Further, NTT DATA expects to reach carbon neutrality at Okinawa IT Shinryo Park for the electricity used at No. 2 Tower and No. 7 Tower which provides the NTT DATA Group's BPO business5.

Decarbonization requires installation of onsite renewable energy systems in order to realize local production for local consumption and reduce the transmission load. However, it is difficult to secure space on the roofs or grounds of buildings in urban areas for conventional solar power systems. The weight of such systems is also considerable, and installation could result in exceeding the design load of buildings. NTT DATA therefore decided to adopt perovskite solar cells, next-generation solar cells that are lightweight with few restrictions on where they can be installed, and conduct tests to verify the installation method for exterior walls and the generating efficiency.

NTT DATA, A Global Company

The NTT DATA Group is now moving forward with its Global One Team Initiative by combining the expertise and resources from Group companies in Japan and overseas as well as facilitating business collaborations across nations and companies that strengthen the NTT DATA Group’s worldwide brand power as “One NTT DATA”.

Our domestic and overseas companies are working in concert to construct the necessary support structure as quickly as possible in our transition from our previous role as a systems creator into a global business partner that is leading the way to international business success.

With globally proven best practices, NTT DATA Group provides its clients with world-class solutions. Our vast experience in end-to-end solutions for diverse industries, on many different platforms, allows us to deliver measurable results that meet or exceed every expectation. Thanks to our knowledge and expertise with proven onsite, offsite and offshore methodologies and execution processes, we have established our leadership in the marketplace.

https://www.nttdata.com/global/en/about-us/company-profile

NTT Data, Japan

NTT DATA has built up a dominant position in the public administration field in Japan, building large-scale systems for government ministries and agencies and taking part in numerous other national projects. For local public agencies, we provide support for creating various operations management systems for system optimization.

We have been developing and managing cross-industry, shared large-scale network systems such as exchange operations for financial intuitions in Japan for a long time. Our next-generation banking applications for shared accounting systems serving financial institutions are highly regarded and are helping us expand our business in this area. Our comprehensive card settlement network service and a network service used by financial institutions to handle financial transactions, which are essential to payment solutions, are drawing traffic on a growing basis.

We provide International Financial Reporting Standards (IFRS)-compliant services, global consulting programs, and diverse solutions to brokerage firms, life and non-life insurance companies, and many other financial industry customers, as well as construction, real estate, manufacturing, logistics, retail, broadcasting, media, advertising, communications, transportation, and energy. In these ways we are building up a strong track record and know-how while contributing to customers as their business partner.

https://www.nttdata.com/global/en/about-us/company-profile/global-company/japan

NTT Docomo, Inc. (TSE:9437)

NTT DOCOMO, INC., a telecommunications company, provides various mobile services in Japan and internationally. It operates through three segments: Telecommunications Business, Smart Life Business, and Other Businesses. The company offers iPhone, iPad, smartphone, tablet, and feature phone products and services under the docomo name, as well as d POINT CLUB, a point program. It also provides technical and operational services to mobile operators and other companies. In addition, the company offers LTE, FOMA, and FOMA high-speed services; docomo Wi-Fi services; VoLTE voice call services; docomo Hikari, an optical Internet service; and docomo Shop services. Further, it provides optical-fibre broadband, satellite mobile communications, and international services; distributes video, music, and electronic books, etc.; and offers finance/payment services, online shopping service, other life-related services, etc. Additionally, the company engages in the mobile device protection service, commissioned development/sale, system maintenance businesses, etc. As of March 31, 2019, it had 78.45 million cellular subscriptions; and 70.15 million d POINT CLUB memberships. NTT DOCOMO, INC. has collaboration with Tohoku University to research on an artificial-intelligence technology to detect periodontal disease by photographing a person's gums with a smartphone. It also has a mobile payment alliance agreement with Merpay, Inc., LINE Pay Corporation, and KDDI Corporation for merchant stores. The company was founded in 1991 and is headquartered in Tokyo, Japan. NTT DOCOMO, INC. is a subsidiary of Nippon Telegraph and Telephone Corporation.

Overview

NTT DOCOMO, Japan's largest telecommunications company, provides innovative, convenient and secure mobile services that enable customers to realize smarter lives. The company serves over 73 million customers in Japan via advanced wireless networks, including a nationwide LTE network and one of the world's most progressive LTE-Advanced networks.

DOCOMO is a world-leading developer of 5G networks, which it plans to deploy in the 2020s by leveraging network function virtualization (NFV) and other technologies. DOCOMO is also driving innovation in NFC infrastructure and services, emerging IoT solutions and many other mobile-related initiatives.

Outside Japan, the company provides technical and operational expertise to mobile operators and other partner companies and contributes to the global standardization of new mobile technologies.

Under its +d (pronounced plus d) initiatives, DOCOMO will create new added value with business partners to enrich people's lives with all-new services and businesses.

DOCOMO, whose namenotice1 implies "mobility anywhere," is based in central in Tokyo (map) and headed by President and CEO Motoyuki Ii. The company is listed on the Tokyo (9437) and New York (DCM) stock exchanges.

History

The history of mobile communications parallels the history of NTT DOCOMO. Established in 1992, DOCOMO launched its first digital cellular phone service the next year and the world's first mobile Internet-services platform in 1999. It helped to establish the W-CDMA standard for mobile communications and then kick off the first 3G service based on this standard in 2001. The company also introduced one of the earliest commercial LTE services in 2010. Over the years DOCOMO has built up one of the globe's largest mobile subscriber bases, accounting for over half of the Japanese market.

https://www.nttdocomo.co.jp/english/corporate/about/outline/

OBIC Co., Ltd. (TSE:4684)

OBIC Co.,Ltd., together with its subsidiaries, provides system integration, system support, office automation, and package software services. The company offers system integration services, including developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems, as well as related training courses. The company also provides system support services, including system operation support and maintenance, and hardware maintenance. In addition, it offers office automation services, such as sale of package software, and peripheral equipment and supplies, as well as processing of printed materials. The company was founded in 1968 and is headquartered in Tokyo, Japan.

OBIC’s Outline

Company Name	OBIC Co., Ltd.
Established	April 1968
Capital Stock	¥19,178 Million
Number of Employees (As of March 31,2021)	2,049 (Consolidated) 1,854 (Non-Consolidated)
Net Sales (Fiscal Year ending March 31,2021)	¥83,862 Million (Consolidated) ¥74,720 Million (Non-Consolidated)

Overview of Operations

The OBIC Group consists of OBIC Co., Ltd.its one subsidiary and three affiliates. The Group's principal operations are system integration services, system support services, office automation services, and package software services, providing customers with total solution services.

Overview of our business by segment is as follows:

Regarding package software services, description is omitted here as the business is carried out by companies accounted for using the equity method.

System Integration Services

In our total system integration business, we develop optimal software for customers based on an analysis of customer requirements for the system, taking into full consideration the hardware used and the system design concept. We also provide customers with training courses prior to and after introduction of the system

OBIC7 series ERP software

The OBIC7 series of comprehensive corporate ERP software products are designed to provide optimized core integrated administrative systems to meet individual company’s needs. The accounting system is the main component, with personnel, payroll, working condition management, marketing and production systems configured as needed

Industry-specific solutions

Combined with the OBIC7 series, our industry-specific application solutions are a lineup of industry and operation-specific systems that offer optimized solutions tailored to the specific features of each business

System Support Services

System operation support and maintenance, and hardware maintenance for companies that have installed our system

Office Automation Services

Sale of package software, and peripheral equipment and supplies, and commissioned processing of printed materials

https://www.obic.co.jp/e/outline.html

Oracle Corp. Japan (TSE:4716)

Oracle Corporation Japan develops software and hardware products and solutions in Japan. It also offers support and consulting services; and education services for information system construction. In addition, the company offers database solutions; developer tools, such as Java EE SDK, Java ME SDK, Java SE SDK, NetBeans, JDeveloper, REST Data Services, and SQL developer; engineered systems, including big data and database appliance, exadata database machines, exalogic elastic cloud, MiniCluster, private cloud appliance, supercluster, and zero data loss recovery appliance products; and IT infrastructure products comprising engineered systems, servers, storage, infrastructure software, and enterprise communications solutions. Further, it provides Java software; middleware solutions for application integration, coherence, content and experience, data integration, digital assistant, enterprise management, and mobile and security; and business analytics solutions, such as analytics for CIO, marketing, HR, and analysts, as well as advanced analytics products. Additionally, the company offers enterprise resource planning, human resource management, customer experience, and supply chain management solutions, as well as NetSuite and cloud products and solutions. The company serves automobile, communication, engineering, construction, financial services, eating and drinking, medical care, higher education institution, hospitality, industrial production, life science, education, retail, and public sectors. Oracle Corporation Japan was founded in 1985 and is based in Tokyo, Japan. Oracle Corporation Japan operates as a subsidiary of Oracle Japan Holding Inc.

About us

Oracle Corporation Japan was established in 1985 as a Japanese subsidiary of Oracle Corporation of the United States. We are developing software and hardware products, solutions, consulting, support services, and education for building information systems based in Japan. Initial public offering on the over-the-counter market on February 5, 1999 and listed on the First Section of the Tokyo Stock Exchange on April 28, 2000.

https://www.oracle.com/jp/jp-corporate.html

25/8/2025

Flash Report for the 1st Quarter of Fiscal Year Ending May 31, 2026

1. Qualitative Information on Results in the Quarter under Review

Qualitative Information on Business Outcomes

Overview

During the first quarter under review (from June 1, 2025 to August 31, 2025, hereinafter “this quarter”), the Japanese information services industry in which the Company operates were experienced steady investment in migrating to the Cloud, with IT investment aimed at corporate growth and boosting competitiveness, improving efficiency through the use of variable digital data, building the IT environment to realize sustainable management of human capital and strengthening contact points with end users.

Under these circumstances, the Company has continued its value proposition for realizing Customers’ innovation, for their business transformation, and for supporting their firm growth through the use of new technologies, including a broad range of integrated cloud services and enterprise AI with the highest levels of security, performance, and efficiency.

As a result of these measures, the Company posted 66,275 million yen (up 3.7 % year on year) in net sales, 21,128 million yen (decreased 4.8 %) in operating profit, 21,369 million yen (decreased 3.7 %) in ordinary profit and 14,805 million yen (decreased 3.7 %) in profit for the period.

Go to Market Strategy

Mission Statement

The Company is aiming to further business growth by supporting our customer’s cloud migration of their core systems and active data utilization. Its mission is to help people see data in new ways, discover insights, and unlock endless possibilities. We have confidence that by continuing to improve our offerings and navigating the evolution of our customers, we will be a step towards guiding the world in the right direction, and ultimately contributing to society and humankind.

Our Strength

The Company is aiming to further business growth by supporting our customers’ cloud migration of their core systems and active data utilization with deepen customers’ trust. We have practiced the modernization of own business process and digitalization by using own technology which brought business success to ourselves. By accelerating the deployment and implementation of our technology to our customers, we support their growth and business innovation. The Company has a comprehensive product portfolio, which consists of platforms, applications, and hardware, that can be deployed on cloud and on-premise environments. Oracle Cloud, which is the core of the Company’s business, was developed based on the similar system architecture and technologies as these software licenses, and the Company enjoys a strength in enabling coordination and bidirectional migration between on-premises systems built with the software licenses products and the Oracle Cloud.

Key Initiatives

Through the data-driven approaches, we will further accelerate the provision of not only cloud-based services to maximize the value of information but various types of services to support the use of such cloud services. In consequence, we will contribute to Japanese society. Based on our thinking that it is essential to gaze at the modernization of legacy systems and future technological evolution in the Japanese market, we will develop into an entity that will innovate customers’ businesses by providing extensive and integrated cloud services, and making effective use of new technologies including generative AI for enterprises with top level security, performance and efficiency.

We set two policies for the key initiatives launched in FY24. One is to provide the Japan-focused cloud, and the other is to promote AI for customers. In the current fiscal year (FY26) as the third year, we will continue to strengthen and enhance these initiatives to support the evolution of core systems of Japanese companies, aiming to create new value.

By using the Oracle Cloud Infrastructure (OCI) that we have cultivated to date, we will further expand the modernization of customers’ mission-critical systems and use of generative AI. We will strengthen our offerings, including GPUs environments that enable fast and low-cost creation of large-scale AI models, generative AI services and AI agent services that securely utilize customer data, and data platforms for AI.
By supporting the digitalization of local governments in Japan nationwide through the utilization of Oracle Cloud Infrastructure (OCI), which is certified as the Government Cloud, and their operational efficiency improvement with use of generative AI, we will contribute to the government cloud initiative that the Japanese government is promoting.
By providing “Oracle Alloy”, we will deploy first Sovereign Cloud provided by Japanese companies (our partners). We will accelerate the provision of a sovereign cloud and sovereign AI, which addresses geopolitical risks and economic security risks and fulfills the requirements of data sovereignty and operational sovereignty.
By always offering optimal solutions for the reform of IT cost structures and utilization of generative AI, while also providing the hybrid cloud environment featuring on-premises and the cloud, as well as multicloud environment with other hyperscalers, we will support customers in introducing cloud-based mission-critical systems.
By providing Cloud Applications with built-in AI, we support the transformation of customers’ life cycle cost structures, the enjoyment of continuously evolving AI technology, and the ability to respond to change. Customers will be able to use the value of the latest AI technology through quarterly version upgrades and the provision of a function for developing customers’ unique AI agents.
To implement the above measures, we will further strengthen the collaboration with our partners.

In addition, we will contribute to customers’ businesses through cross-functional collaboration and providing optimal Oracle solutions to customers in a range of industries.

For full release, see:

https://www.oracle.com/jp/a/ocom/docs/jp-investor-relations/fy26q1-tanshin-eng.pdf

Otsuka Corp. (TSE:4768)

Otsuka Corporation provides system integration, support, and other services in Japan. The company operates through two segments, System Integration Business, and Service and Support Business. The System Integration Business segment offers system services ranging from consulting, system design and development, transport and installation work, and network construction. It also provides management systems and collaborative software to cover a range of specialized fields, including CAD and web technologies; and software, hardware, intranet, and security products for the construction and expansion of computer networks. In addition, this segment sells computers, copiers, and communications equipment and software; and develops consigned software. The Service and Support Business segment offers supplies, hardware and software maintenance, telephone support, and outsourcing services; emergency computer rescue services for corporate and individual clients; and network support and services for the planning, design, construction, and operation of corporate information systems, as well as out-sources system engineers. It also provides educational support services. The company was incorporated in 1961 and is headquartered in Tokyo, Japan.

Corporate Overview

Company Name	OTSUKA CORPORATION
Capital Stock	10,374,851,000 yen
Number of Employee	Consolidated: 9,119 Non-Consolidated:7,429 (As of December 31, 2020)
Establishment	July 17, 1961 (Registered as a joint-stock company on December 13, 1961)
Business	System Integration Business: Sales of computers, copiers and communication equipment and software, consigned software development and other activity Service & Support Business: Supplies, maintenance, educational support and other activity

https://www.otsuka-shokai.co.jp/english/corporate/about/outline/

3/2/2025

Consolidated Financial Results for the Fiscal Year Ended December 31, 2024 (From January 1, 2024 to December 31, 2024)
Consolidated results of operations

Net sales

Operating

profit

Ordinary

profit

Profit attributable to owners of parent

Fiscal year ended

December 31, 2024

Millions of yen

1,107,668

13.3

Millions of yen

74,360

18.1

Millions of yen

75,931

17.7

Millions of yen

53,481

12.7

December 31, 2023

977,370

13.5

62,959

15.0

64,517

13.9

47,448

18.6

Basic earnings per

Diluted earnings per

Return on equity

Ordinary profit to total

assets

Operating profit to net

sales

Fiscal year ended

December 31, 2024

yen

141.04

yen

—

15.0

12.3

6.7

December 31, 2023

125.13

—

14.3

11.9

6.4

Consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
As of	Millions of yen	Millions of yen	%	yen
December 31, 2024	673,903	375,247	55.0	977.84
December 31, 2023	561,805	346,950	61.1	904.83

Consolidated cash flows

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash and cash

equivalents at end of period

Fiscal year ended

December 31, 2024

Millions of yen

37,711

Millions of yen

(11,949)

(21,473)

Millions of yen

(25,891)

(23,839)

Millions of yen

229,488

December 31, 2023

71,649

229,615

Dividends

	Annual dividends					Total dividend payments (total)	Dividend payout ratio (consolidated)	Ratio of dividends to net assets (consolidated)
	First quarter- end	Second quarter- end	Third quarter- end	Year-end	Total	Total dividend payments (total)	Dividend payout ratio (consolidated)	Ratio of dividends to net assets (consolidated)
Fiscal year ended December 31, 2023 Fiscal year ended December 31, 2024	yen	yen	yen	yen	yen	Millions of yen	%	%
	— —	0.00 0.00	— —	135.00 80.00	135.00 80.00	25,596 30,336	53.9 56.7	7.7 8.5
Fiscal year ending December 31, 2025 (forecast)	—	45.00	—	40.00	85.00		58.6

3.Consolidated Financial Forecasts for the Fiscal Year Ending December 31, 2025 (From January 1, 2025

to December 31, 2025)

	Net sales		Operating	profit	Ordinary	profit	Profit attributable to owners of parent		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	yen
Six months ending June 30, 2025	647,100	13.6	45,300	16.6	45,730	14.7	30,420	13.0	80.22
Full-Year	1,213,000	9.5	82,300	10.7	82,200	8.3	55,000	2.8	145.04

For full release, see:

https://www.otsuka-shokai.co.jp/english/corporate/ir/media/202502eng.pdf

SBI Holdings, Inc. (TSE:8473)

SBI Group moved to a holding company structure effective July 1, 2005. Therefore, the SBI Group makes a fresh new start under the unified group brand "SBI."

SBI Holdings, Inc. engages in the online financial service businesses and investment activities in Japan and internationally. It operates through Financial Services Business, Asset Management Business, and Biotechnology-Related Business segments. The Financial Services Business segment offers financial products and services, including brokerage and investment banking; Internet banking; auto, cancer, fire, and earthquake, as well as life insurance; short term insurance; FX brokerage; exchange and transaction services related to crypto-assets; management of defined-contribution pension, etc.; leasing and lending services; operation of proprietary trading system; control and operation of the e-commerce settlement business; and remittance and back office support services.

The Asset Management Business segment provides private equity, venture capital fund management, M&A advisory, savings bank, online securities, commercial banking, investment advisory and management, fintech support, and rating information services; real estate secured loans; and rent guarantees for rental housing, as well as generates power using renewable energy. The Biotechnology-Related Business segment develops and distributes pharmaceutical products, health foods, and cosmetics; and researches and develops antibody drugs and nucleic acid medicines in the field of cancer and immunology. The company also offers investment advisory services on crypto-asset funds; operates a fund-raising platform; acquires securities; operates as a crypto-asset broker; develops, manufactures, and sells crypto-asset mining systems; operates and develops cybersecurity systems; provides blockchain platform; invests in real estate properties; and offers healthcare services, as well as engages in the mining of digital assets. The company was formerly known as Softbank Investment Corporation and changed its name to SBI Holdings, Inc. in July 2005. SBI Holdings, Inc. was founded in 1999 and is headquartered in Tokyo, Japan.

Corporate Profile

Corporate name	SBI Holdings, Inc.
Principal business	Control and management of SBI Group through share ownership
Date of establishment	July 8, 1999
Paid-in capital	98,733 million yen(As of May 31, 2021)
Common stock	243,072,790 shares (including treasury stock)(As of September 30, 2020)
Fiscal year	April 1 to March 31
Number of employees	8,568 (Consolidated) / 221 (Non-Consolidated)(As of September 30, 2020)

https://www.sbigroup.co.jp/english/company/information/profile.html

7/3/2025

Q3 2024

Consolidated Financial Results
Consolidated Operating Results

	Revenue		Profit before income tax expense		Profit for the period		Profit attributable to owners of the Company
	Millions of yen 1,013,394 864,719	%	Millions of yen 179,378 100,088	%	Millions of yen 129,790 70,176	%	Millions of yen 101,157 59,616	%
Nine months ended December 31, 2024		17.2		79.2		85.0		69.7
Nine months ended December 31, 2023		32.2		103.3		92.1		609.5

	Total comprehensive income		Basic earnings per share attributable to owners of the Company	Diluted earnings per share attributable to owners of the Company
	Millions of yen 97,240 121,535	%	Yen	Yen
Nine months ended December 31, 2024		(20.0)	334.65	322.23
Nine months ended December 31, 2023		100.9	217.90	194.57

Consolidated Financial Position

	Total assets	Total equity	Equity attributable to owners of the Company	Ratio of equity attributable to owners of the Company to total assets
	Millions of yen	Millions of yen	Millions of yen	%
December 31, 2024	30,912,082	1,877,255	1,328,782	4.3
March 31, 2024	27,139,391	1,907,346	1,262,209	4.7

Dividends

	Dividend per share
(Declared date)	End of 1 st Q	End of 2 nd Q	End of 3 rd Q	Year-end	Full year
Fiscal year ended March 31, 2024 Fiscal year ending March 31, 2025	Yen — —	Yen 30.00 30.00	Yen — —	Yen 130.00	Yen 160.00
	Yen — —	Yen 30.00 30.00	Yen — —
Fiscal Year ending March 31, 2025 (forecast) (Note)				—	—

Total number of shares outstanding (Common stock)


(1) Number of shares outstanding (including : treasury stock)	December 31, 2024 : March 31, 2024 :	302,806,307 shares 301,889,807 shares
(2) Number of treasury stock :	December 31, 2024 : March 31, 2024 :	32,364 shares 30,696 shares
(3) Average number of shares outstanding :	Nine months ended December 31, 2024 : Nine months ended December 31, 2023 :	302,276,374 shares 273,589,607 shares

BUSINESS RESULTS
Results of Operations

The Group’s consolidated results of operations for the nine months ended December 31, 2024 were as follows. Revenue increased 17.2% year-on-year to ¥1,013,394 million, profit before income tax expense increased 79.2% to ¥179,378 million and profit attributable to owners of the Company increased 69.7% to ¥101,157 million.

The results of operations for each reporting segment of the Group for the nine months ended December 31, 2024 were as follows.

SBI Leasing Services Co., Ltd., which was included in the Investment Business until the previous reporting period, is now included in the Financial Services Business beginning with this fiscal year. Consequently, segment information for the nine months ended December 31, 2023, is restated in accordance with the new basis of segmentation.

(Financial Services Business)

The Financial Services Business consists of a wide range of finance-related business inside and outside Japan, including securities brokerage business, banking services business, and life, property, and casualty insurance business.

The results of operations of the Financial Services Business for the nine months ended December 31, 2024 were as follows. Revenue increased 10.9% year-on-year to ¥867,624 million, and profit before income tax expense increased 44.3% year-on-year to ¥169,974 million.

(Asset Management Business)

The Asset Management Business primarily consists of setting, solicitation, and management of investment trust, investment advice, and provision of financial products information.

The results of operations of the Asset Management Business for the nine months ended December 31, 2024 were as follows. Revenue increased 18.0% year-on-year to ¥25,325 million, and profit before income tax expense increased 25.8% year-on-year to ¥4,368 million.

(Investment Business)

The Investment Business primarily consists of fund management and investment in Internet technology, fintech, blockchain, finance, and biotechnology-related venture companies in Japan and overseas.

The results of operations of the Investment Business for the nine months ended December 31, 2024 were as follows. Revenue increased 264.2% year-on-year to ¥57,933 million, and profit before income tax expense amounted to ¥17,290 million (¥5,787 million of loss before income tax expense for the nine months ended December 31, 2023).

(Crypto-asset Business)

The Crypto-asset Business primarily consists of crypto-asset exchange business which provides crypto- asset exchange and trading services.

The results of operations of the Crypto-asset Business for the nine months ended December 31, 2024 were as follows. Revenue increased 103.5% year-on-year to ¥62,849 million, and profit before income tax expense increased 786.9% year-on-year to ¥18,115 million.

(Next Gen Business)

The Next Gen Business primarily consists of the Biotechnology, Healthcare & Medical Informatics Business, which includes the development and distribution of pharmaceutical products, health foods, and cosmetics with the 5-aminolevulinic acid (5-ALA), a kind of amino acid which exists in vivo, the research and development of antibody drugs and nucleic acid medicine in the field of cancer and immunology, the digitization of medical and health information, the provision of solutions and services that promote the use of medical big data, and medical finance. The Next Gen Business also includes the business of working on advanced fields related to Web3, the renewable energy business, and the business of developing new overseas markets including Africa.

The results of operations of the Next Gen Business for the nine months ended December 31, 2024 were as follows. Revenue increased 1.1% year-on-year to ¥19,915 million, and loss before income tax expense amounted to ¥10,908 million (¥2,147 million of loss before income tax expense for the nine months ended December 31, 2023).

Financial Conditions and Cash Flows

As at December 31, 2024, total assets amounted to ¥30,946,852 million and increased by ¥3,807,461 million from total assets of ¥27,139,391 million as at March 31, 2024. The Group’s equity decreased by ¥30,091 million to ¥1,877,255 million from the fiscal year ended March 31, 2024.

As at December 31, 2024, the Group’s cash and cash equivalents amounted to ¥5,318,711 million and increased by ¥738,376 million from that of ¥4,580,335 million as at March 31, 2024. The changes of cash flows for each activity and the reasons for changes are as follows:

(Operating Cash Flows)

Cash flows from operating activities amounted to ¥1,184,100 million in net cash inflows (¥745,740 million in net cash inflows for the nine months ended December 31, 2023). The net cash inflows were primarily due to a ¥1,993,986 million cash inflow from an increase in customer deposits in the banking business, a ¥466,976 million cash inflow from an increase in bonds and loans payable in banking business and ¥253,151 million cash inflow from an increase in Trade and other accounts payable, despite a ¥1,545,878 million cash outflow from an increase in trade and other accounts receivable.

(Investing Cash Flows)

Cash flows from investing activities amounted to ¥908,893 million in net cash outflows (¥294,155 million in net cash inflows for the nine months ended December 31, 2023). The net cash outflows were primarily due to a ¥1,943,804 million cash outflow from purchases of investment securities, despite a ¥1,004,484 million cash inflow from proceeds from sales or redemption of investment securities.

(Financing Cash Flows)

Cash flows from financing activities amounted to ¥434,479 million in net cash inflows (¥301,878 million in net cash outflows for the nine months ended December 31, 2023). The net cash inflows were primarily due to a ¥2,679,164 million cash inflow from proceeds from issuance of bonds payable and a ¥269,464 million cash inflow from increase in short term loans payable, despite a ¥2,466,390 million cash outflow from redemption of bonds payable.

Notes to Condensed Interim Consolidated Financial Statements

Segment Information

The Group reports five business segments, including Financial Services Business, Asset Management Business, Investment Business, Crypto-asset Business that is expected to continue to grow, and Next Gen Business which includes Biotechnology, Healthcare & Medical Informatics Business and the business working on advanced fields related to Web3.

The reportable segments of the Group represent businesses activities for which separate financial information of the Group’s components is available and reviewed regularly by the board of directors for the purpose of allocating financial resources and performance evaluation.

The following is a description of business activities for the reporting segments. “Financial Services Business”

“Asset Management Business”

The Asset Management Business primarily consists of setting, solicitation, and management of investment trust, investment advice, and provision of financial products information.

“Investment Business”

The Investment Business primarily consists of fund management and investment in Internet technology, fintech, blockchain, finance, and biotechnology-related venture companies in Japan and overseas.

“Crypto-asset Business”

The Crypto-asset Business primarily consists of crypto-asset exchange business which provides crypto- asset exchange and trading services.

“Next Gen Business”

The Next Gen Business primarily consists of Biotechnology, Healthcare & Medical Informatics Business which includes development and distribution of pharmaceutical products, health foods, and cosmetics with 5-aminolevulinic acid (5-ALA), a kind of amino acid which exists in vivo, research and development of antibody drugs and nucleic acid medicine in the field of cancer and immunology, the digitization of medical and health information, providing solutions and services that promote and the use of medical big data, and medical finance, business working on advanced fields related to Web3, renewable energy business, and business developing in new oversea markets including Africa.

The results of operations for each reporting segment of the Group for the nine months ended December 31, 2024, were as follows.

“Elimination or Corporate” includes profit or loss that is not allocated to certain business segments and the elimination of the inter-company transactions within the Group, at a price based on the actual market price.

For full release, see:

https://www.sbigroup.co.jp/english/investors/disclosure/fiscalresults/pdf/2025_3q_hrc_en.pdf

SCSK Corp. (TSE:9719)

SCSK Corporation is a Japanese information technology company headquartered in Tokyo, Japan, offering IT services and computer software. Abroad Japan, It is widely known for its acquisition of Sega in 1984, ended in the sale to Sammy in 2004, through which Sega Sammy Holdings was established.

SCSK Corporation provides information technology (IT) services in Japan and internationally. The company’s Manufacturing & Telecommunication Systems Business segment offers IT solutions for core systems, manufacturing and information management systems, supply chain management (SCM), and customer relationship management (CRM) systems for manufacturing, telecommunication, and energy industries. Its Distribution & Media Systems Business segment offers IT solutions, such as core and information systems, SCM, CRM, and e-commerce systems for distribution, service, and media industries. The company’s Financial Systems Business segment develops, maintains, and operates systems for banks and trust banks, as well as insurance, securities, lease, and credit companies. Its Global System Solutions & Innovation Business segment provides IT solutions for trading companies.

The company’s Business Solutions segment provides contact center services; and application management outsourcing services that covers development, installation, maintenance, and operation of enterprise resource planning and CRM products, such as ProActive, SAP, Oracle, and Salesforce, as well as business process outsourcing services. Its IT Platform Solutions segment provides services and products in the fields of IT infrastructure and manufacturing, including computer-aided design and engineering. The company’s IT Management segment develops solutions-oriented netXDC data centers to provide outsourcing services; and provides cloud infrastructure, on-site management, and SE support services.

Its Mobility System segment offers software solutions for the electronic vehicle unit that controls vehicle’s onboard electronics. The company was formerly known as Sumisho Computer Systems Corporation and changed its name to SCSK Corporation in October 2011. The company was founded in 1969 and is headquartered in Tokyo, Japan. SCSK Corporation is a subsidiary of Sumitomo Corporation.

Corporate Outline

Company name	SCSK Corporation (Abbreviated as SCSK)
Established	October 25, 1969
Capital	21,152 million yen
Net sales	396,853 million yen (FY2020 Consolidated)
Operating profit	45,878 million yen (FY2020 Consolidated)
Employees	14,550 (As of March 31,2021 Consolidated)
Stock listing	First section of the Tokyo Stock Exchange (Stock code: 9719)

https://www.scsk.jp/corp_en/outline.html

Business lines

Manufacturing & Telecommunication Systems Business Group

The Manufacturing & Telecommunications Systems Business Group provides systems development as well as maintenance services for a full range of operational processes. We cater to clients in diverse range of industries such as manufacturing, telecommunications and utilities. For manufacturing industries, we deliver systems for production management, global supply chain management (SCM), as well as sales force automation and order management. For the telecommunications and utilities industries, we provide customer management operation and utilities management systems. Moreover, we aim to contribute directly to client's business by creating new value through the evolution of services and utilization of cutting edge technologies.

Distribution & Media Systems Business Group

The Distribution & Media Systems Business Group provides comprehensive IT services, such as systems development, maintenance, operation and network equipment installation, for a variety of client industries, including food, drugstores, dispensing pharmacies, cable television, real estate, sports gyms, and apparel. Our group also excels at the introduction of solutions supporting the sophistication of customer contact point domains, such as provision of website management, sales support, and customer management solutions. Group company SCSK PRESCENDO CORPORATION provides e-commerce fulfilment services to apparel companies and SCSK HOKKAIDO CORPORATION uses IT to support the business growth and management problem solving needs of clients mainly in Hokkaido.

Financial Systems Business Group

The Financial Systems Business Group offers a broad range of services, from systems development, maintenance and operation to call centres and BPO services for financial industry fields including banking, life and non-life insurance, securities, leasing and credit cards. We are now working on the following measures capitalizing on comprehensive Group capabilities along with our accumulated experience and knowledge, to address the trend of clients investing management resources into solutions to strategic management issues.

Outsourcing of individual operations for the more effective and efficient maintenance, operation and development of existing systems
Creation of new services and businesses together with clients using Fintech utilizing information technology, such as AI, blockchain and RPA
Construction of a system for our team of service provision professionals to deliver local IT support while also collaborating with the SCSK Group's offices around the world

Global System Solutions & Innovation Business Group

The Global System Solutions & Innovation Business Group provides safe and secure IT systems and infrastructure that contributes to the local business expansion of Japanese companies with global operations, in addition to a full line-up of services provided to the Sumitomo Corporation Group, including development, maintenance and operation of core systems and peripheral systems.

We have six overseas business sites, with the Indonesia and Myanmar offices newly opened in 2019 to complement existing offices located in New York, London, Shanghai and Singapore. We are tackling the challenges of commercialization of DX through co-creation with prominent local companies. In addition, as a strategic IT partner transforming the Sumitomo Corporation Group’s business model with digital technology, we are promoting the commercialization of DX on a global basis.

Business Solutions Group

The Business Solutions Group delivers an integrated line-up of services from system introduction to customized development, operation and maintenance, with a focus on standard IT products and SCSK’s original products covering domains such as ERP, CRM, data management, contact center platforms, and IoT. In addition to stable functions and quality, we provide solutions that contribute to the business of clients from various sectors and business lines through medium- to long-term support.

Mobility Systems Group

The Mobility Systems Group provides services and products for the development of automotive software systems aimed at clients in the automotive industry. We offer a broad range of solutions for the software used for the Electronic Control Unit (ECU) that controls a vehicle’s onboard electronics. These solutions also include entrusted development of model-based systems, provision of proprietary middleware (QINeS-BSW), software testing, and process improvement. We will continue to contribute to the business development of clients using our accumulated know-how and trust as a foundation

IT Platform Solutions Group

The IT Platform Solutions Group offers product sales, development and support in the six main categories of security, network equipment, servers / storage, middleware, CAD, and analysis / CAE. We coordinate and tailor this extensive line-ups with our group’s engineering skills and know-how to client tasks, while constantly expanding products that promote corporate DX, to pave the way for solutions, increasing client satisfaction and expanding the business of the entire group.

IT Management Group

We provide infrastructure development, on-site operation, and data centre operation services cantered around, our original service platform for existing systems. By combining each service optimally, we are able to address various challenges in clients’ IT strategies. We engage in the service business, which contributes to the creation of new value underpinning DX and the account business, which provides as a sophisticated management service all aspects from planning, development and operation management to improvement proposals for the optimization of IT platforms.

https://www.scsk.jp/corp_en/activities/index.html

31/1/2025

Q3 2024

Key Points of Financial Results

【Three-month period from Oct. to Dec.】

Record-high net sales and operating profit
In all sales segments, net sales and operating profit for the three-month period exceeds the results of the first half of the fiscal year
Operating profit was basically unchanged from the previous fiscal year as of the first half of the fiscal year, but the three-month period saw a double-digit YoY growth rate due to higher profits from higher sales and improved profitability in systems development, including improved unprofitable projects

【Ｆｕｌｌ-Yｅａｒ Guidance】

Upwardly revised net sales by ¥86 billion, operating profit by ¥4.5 billion, and profit attributable to owners of parent by ¥2 billion
Net sales: ・SCSK’s net sales increased by ¥15 billion due to increased demand for packaged software/hardware sales and steady performance of verification services
Operating profit: ・Despite the positive impact of increased net sales, SCSK's operating profit remains unchanged from the initial forecast due to higher-than-expected SG&A expenses and the recording of disposal of certain software asset
Incorporating Net One Systems Co., Ltd.’s fourth quarter financial forecast, we project approximately ¥3 billion in mergerrelated expenses

【Ｄｅｖｉｄｅｎｄ】

Increased dividend per share by ¥3
The annual dividend: ¥71 The consolidated dividend payout ratio: 47.7%

Financing for the acquisition of Net One Systems Co., Ltd. as a consolidated subsidiary

Borrowing a bridge loan of ¥273.5 billion from Sumitomo Mitsui Banking Corporation as a tender offer fund (scheduled)
Refinancing by December 2025 with straight bonds, bank loans, etc. (without raising capital)
Controlling D/E ratio to be below 1.0x in the medium term
Work to further improve profitability to maintain and improve financial ratings in a stable manner

Comparison by Sales Segment （Net Sales/Incoming Orders/Backlog）

Systems Development

Net Sales

Increased in systems development projects for the manufacturing industry, including the automotive industry
Increased in systems development projects for the banks
Decreased in reaction to projects for the distribution industry

Incoming Orders/Backlog

Expansion of investment in manufacturing industries, mainly in the automotive industry
Increased in systems development projects for the communications industry

Comparison by Sales Segment （Net Sales/Incoming Orders/Backlog）

System Maintenance and Operation/Services

Net Sales

Decreased in reaction to BPO business
Strong demand for the verification service
Increased in management service business

Incoming Orders/Backlog

Decreased in reaction to BPO business
Increased in the verification service
Increased in management service business

Comparison by Sales Segment （Net Sales/Incoming Orders/Backlog）

Packaged Software/Hardware Sales

Net Sales

Increased in sales of equipment for specific customers in the communications industry
Increased in sales of network products and security products for the communications and transportation industry and financial industry

Incoming Orders

Increased in sales of equipment for specific customers in the communications industry
Increased in sales of security products for the communications and transportation industry and financial industry
Increased in sales of equipment for the automotive industry and academic research institutions

Backlog

Increased in sales of hardware equipment for the automotive industry and academic research institutions

Sales Comparison by Customer Industry

In the manufacturing industry, increased due to strategic investments and verification services for the automotive industry and

systems development projects for other manufacturing industries

In the distribution industry, sales increased due to maintenance and operation and system sales, despite a reactionary decline in core system construction projects
In the financial industry, increased due to systems development projects for the banks
In the communications and transportation industry, increased due to sales of equipment to specific customers in the

communications industry and sales of security products for the transportation industry

In the electric power and gas industry, increased due to systems development projects in the electric power industries
In the services and others industry, increased due to the sales of systems to the academic research institutions

For full release, see:

https://www.scsk.jp/ir_en/library/archives/pdf/scsk/20250131_presentation_e.pdf

SKY Perfect JSAT Holdings Inc. (TSE: 9412)

SKY Perfect JSAT Holdings Inc. is the holding company for the group and holds 100% of the shares of SKY Perfect JSAT Corporation the group's main operating company.

SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia. The company operates through Media Business and Space Business segments. The Media Business segment offers platform services, such as customer management activities to broadcasting businesses; and delivers broadcasting services through communication satellite and fibre optic network. The Space Business segment provides communication satellite circuits to the broadcasting businesses; and satellite communication services, including data and mobile communication services to government, public entities, and corporations. The company also produces content; sells satellite connections; operates as telecommunications carrier and systems integrator for satellite communications and broadcasting services; designs, manufactures, and sells industrial drones; offers mobile satellite communication services; and delivers Japanese digital content to overseas audiences. In addition, it provides earth observation satellite images, network and systems integration services; and offers technical support services. The company was formerly known as SKY Perfect JSAT Corporation and changed its name to SKY Perfect JSAT Holdings Inc. in June 2008. SKY Perfect JSAT Holdings Inc. was founded in 1985 and is headquartered in Tokyo, Japan. The company was formerly known as SKY Perfect JSAT Corporation and changed its name to SKY Perfect JSAT Holdings Inc. in June 2008. SKY Perfect JSAT Holdings Inc. was founded in 1985 and is headquartered in Tokyo, Japan.

Corporate Information

Name	SKY Perfect JSAT Holdings Inc.
Established	April 2, 2007
Capital	¥10 billion
Number of Employees	27 (non-consolidated) As of March 31, 2020

https://www.skyperfectjsat.space/en/company/resume/sjh/

Our Business

With SKY Perfect JSAT Corporation as our core operating company, the SKY Perfect JSAT Group is engaged in businesses that leverage our strengths as a hybrid enterprise with both Space Business and Media Business.

As the leading satellite operator in the Asia-Pacific region, our Space Business offers a wide range of satellite communications. Aiming for broader business field, we also embarked on a drone business which would provide new-space related service. With the data available from such unique infrastructure, we are expanding our business field to geospatial business.

In our Media Business, we operate multi-channel satellite broadcasting TV platform "SKY PerfecTV!" in Japan. Catering to subscribers' choice, we offer several viewing transmission paths like internet and optical fiber lines, and of course, communications satellites. For a subscriber of over 3 million households, we propose such services that would boost quality of life through entertainment.

https://www.skyperfectjsat.space/en/business/

5/2/2025

Consolidated Financial Results for the Nine Months Ended December 31, 2024

Consolidated Financial Results for the Nine Months Ended December 31, 2024 (April 1, 2024 to December 31, 2024)
Consolidated Operating Results

Operating revenues

Operating profit

Ordinary profit

Profit attributable to owners of parent

Nine months ended

December 31, 2024

December 31, 2023

Millions of yen

91,860

91,022

0.9

2.7

Millions of yen

21,285

20,541

3.6

22.9

Millions of yen

21,194

20,934

1.2

22.2

Millions of yen

14,404

13,376

7.7

17.5

(Note) Comprehensive income:

Nine months ended December 31, 2024:

8,775 million [

(51.7) %]

Nine months ended December 31, 2023:

18,166 million [

6.1%]

	Basic earnings per share	Diluted earnings per share
Nine months ended	Yen	Yen
December 31, 2024	50.84	-
December 31, 2023	46.29	-

Consolidated Financial Position

	Total assets	Net assets		Capital adequacy ratio	Net assets per share
As of December 31, 2024 March 31, 2024	Millions of yen 394,646 405,411	Millions of yen 275,078 271,982		% 69.1 66.7	Yen 961.80 953.99
(Reference) Equity: As of December 31, 2024:		¥	272,533 million
As of March 31, 2024:		¥	270,221 million

Dividends

	Annual dividends
	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
Fiscal year ended March 31, 2024 Fiscal year ending March 31, 2025	Yen - -	Yen 10.00 11.00	Yen - -	Yen 11.00	Yen 21.00
	Yen - -	Yen 10.00 11.00	Yen - -
Fiscal year ending March 31, 2025 (Forecast)				16.00	27.00

Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)

Operating revenues

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Full year

Millions of

yen

124,000

1.7

Millions of

yen

28,000

5.5

Millions of

yen

27,800

2.5

Millions of

yen

19,000

7.1

Yen

67.06

For full release, see:

https://ssl4.eir-parts.net/doc/9412/ir_material_for_fiscal_ym5/171783/00.pdf

Softbank Group Corp. (TSE:9984)

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SoftBank owns stakes in many technology, energy, and financial companies. It also runs Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital.

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The company operates through four segments: SoftBank Vision Fund and Other SBIA-Managed Funds, SoftBank, Arm, and Brightstar. The SoftBank Vision Fund and Other SBIA-Managed Funds is involved in investment activities. The SoftBank segment offers mobile communications, broadband, and fixed-line communications services; and sells mobile devices, as well as involved in Internet advertising, e-commerce business. The Arm segment designs microprocessor intellectual property and related technology; sells software tools; and offers software services. The Brightstar segment distributes mobile devices. The company provides investment management and payment services; and generates, supplies, and sells electricity from renewable energy sources, as well as marketing activities. In addition, it offers card services; IT solutions; operates, sells, and markets PC software and online games; and distributes video, voice, and data content. The company operates professional baseball team, as well as manages and maintains baseball stadium and other sports facilities. It also operates fashion online shopping website ZOZOTOWN. The company was formerly known as SoftBank Corp. and changed its name to SoftBank Group Corp. in July 2015. SoftBank Group Corp. was founded in 1981 and is headquartered in Tokyo, Japan.

Corporate Data

Corporate name	SoftBank Group Corp
Established	September 3, 1981
Common stock	238,772 million yen (As of March 31, 2020)
Subsidiaries	1,475 (As of March 31, 2020)
Associates	455 (As of March 31, 2020)
Joint ventures	27 (As of March 31, 2020)
Number of employees	224 (consolidated basis: 80,909) (As of March 31, 2020)
Main business	Pure holding company

https://group.softbank/en/about/profile

Origin of Brand Name and Logo

Brand name

SoftBank Group Corp. started out in 1981 as a distributor of computer software. As software is called “soft” in Japanese, the name “SoftBank” literally means “a bank of software.” We chose the word “bank” based on our grand aspiration to be a key source of infrastructure for the information society.

Brand Logo

The SoftBank logo comprises “double-line” and “silver” elements, along with the letters for “SoftBank”.

The brand logo of SoftBank is designed based on the banner of the Kaientai, a company led by Ryoma Sakamoto

https://group.softbank/en/philosophy/identity

12/2/2025

Q3 FY2024

Financial Highlights
Results of Operations

	Net sales		Income before income tax		Net income		Net income attributable to owners of the parent		Total comprehensive income
	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
Nine-month period ended December 31, 2024	¥5,302,576	6.0	¥1,270,932	381.3	¥1,057,689 -		¥636,154 -		¥1,719,000	128.6
Nine-month period ended December 31, 2023	¥5,001,901	2.6	¥264,075	-	¥(119,678)	-	¥(458,723)	-	¥751,825	83.1

Basic earnings per share (Yen)

Diluted earnings per share (Yen)

Nine-month period ended

December 31, 2024

¥426.74

¥425.30

Nine-month period ended

December 31, 2023

¥(325.46)

¥(328.78)

Financial Position

	Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent to total assets (%)
As of December 31, 2024	¥47,029,122	¥14,574,555	¥12,226,274	26.0
As of March 31, 2024	¥46,724,243	¥13,237,169	¥11,162,125	23.9

Dividends

	Dividends per share
	First quarter	Second quarter	Third quarter	Fourth quarter	Total
	(Yen)	(Yen)	(Yen)	(Yen)	(Yen)
Fiscal year ended March 31, 2024	-	22.00	-	22.00	44.00
Fiscal year ending March 31, 2025	-	22.00	-
Fiscal year ending March 31, 2025 (Forecasted)				22.00	44.00

Results of Operations

(1) Overview of Results of Operations

Results highlights

¥2,170.0 billion investment gain (¥538.9 billion loss for the same period of the previous fiscal year)
¥2,008.5 billion investment gain at Investment Business of Holding Companies
Investment gains of ¥902.9 billion on Alibaba shares and ¥751.9 billion*1 on T-Mobile shares Investment gain of ¥902.9 billion on Alibaba shares was offset by a derivative loss of ¥635.9 billion, which arose from prepaid forward contracts using Alibaba shares (recorded separately under “derivative loss (excluding gain (loss) on investments)”).
¥260.8 billion investment gain at SoftBank Vision Funds (excluding losses associated with SVF’s investments in the Company’s subsidiaries)
The fair values of a portion of investments, including ByteDance and Coupang, increased.
Since inception, the gross performance has been a gain of $21.6 billion for SVF1 and a loss of $22.2 billion for SVF2.*2

Note: Changes in the fair value of the shares of consolidated subsidiaries, including Arm and SoftBank Corp., are not recorded in the Company’s consolidated statement of profit or loss.

¥1,270.9 billion income before income tax (improvement of ¥1,006.9 billion YoY) reflecting the recordings of:
Selling, general and administrative expenses of ¥2,206.5 billion
Finance cost of ¥432.7 billion
Foreign exchange loss of ¥251.9 billion. This was due to the yen’s depreciation in exchange rates used for translation at the third quarter-end compared with the previous fiscal year-end, amid a net excess of U.S. dollar-denominated liabilities over U.S. dollar-denominated cash and cash equivalents and loans receivable, primarily within SBG.
Derivative loss (excluding gain (loss) on investments) of ¥791.2 billion. This arose from a loss relating to prepaid forward contracts using Alibaba shares following an increase in Alibaba’s share price. This loss offset the investment gain on Alibaba shares as mentioned above.
Increase in third-party interests in SVF of ¥359.9 billion. This was mainly due to the recording of an investment gain of ¥740.3 billion at SVF1 (on an SVF segment basis), where the proportion of third-party interests is significant, resulting in an increase in third-party interests of ¥283.5 billion (attributable to investors entitled to performance-based distribution).
¥636.2 billion net income attributable to owners of the parent (improvement of ¥1,094.9 billion YoY) reflecting the recordings of:
Income taxes of ¥213.2 billion
Net income attributable to non-controlling interests of ¥421.5 billion

Sequentially implement investments for growth

SBG and its wholly owned subsidiaries Total investment of ¥426.6 billion*3 Examples of investments during the period:
Investment in Wayve Technologies,*4 a U.K. company developing autonomous driving platforms based on data learning using AI
Acquisition of additional interests in equity method associate SBE Global, which constructs and operates solar power plants in the U.S., converting it to a subsidiary
Acquisition of U.K.-based company Graphcore, a designer and developer of semiconductor chips specialized for AI and machine learning, also converting it to a subsidiary
SVF

Total investment of $1.63 billion,*5 primarily in the Enterprise and Frontier Tech sectors, net of investments transferred from the Company to SVF and of follow-on investments in the Company’s subsidiaries that were eliminated in consolidation.

Bond refinancing & issuance, and loan financing

Domestic straight bonds (SBG)

SBG issued domestic straight bonds of ¥100.0 billion to wholesale markets in April 2024 and ¥550.0 billion and ¥350.0 billion to retail markets in June and December 2024. Meanwhile, SBG redeemed domestic straight bonds of ¥450.0 billion upon maturity in June 2024.

Foreign currency-denominated senior notes (SBG)

In July 2024, SBG issued U.S. dollar-denominated senior notes of $900 million and euro-denominated senior notes of 900 million euros. In the same month, SBG also redeemed U.S. dollar-denominated senior notes of

$767 million prior to maturity and euro-denominated senior notes of 638 million euros upon maturity.

Syndicate loan (SBG and its wholly owned subsidiaries)
Term loan

The Company borrowed $2.9 billion through a term loan in September 2024.

Commitment line

The Company renewed its commitment line agreement in September 2024. After the renewal, the drawdown limits are $5,465 million for the U.S. dollar-denominated tranche and ¥35.6 billion for the yen-denominated tranche. As of the third quarter-end, the entire amount remained undrawn.

Hybrid loan

In November 2024, the Company secured a hybrid loan of ¥135.0 billion and completed the refinancing of

¥84.0 billion on a hybrid loan, which reached its first voluntary prepayment date in the same month.

Margin loan using Arm shares

In December 2024, the Company revised the margin loan using Arm shares, including an increase in the borrowing limit from $8.5 billion to $13.5 billion and other changes to the terms. As of the third quarter-end, the incremental $5.0 billion remains fully undrawn.

Share repurchase

Under the share repurchase program authorized for up to ¥500.0 billion authorized in August 2024, SBG purchased a cumulative total of ¥206.9 billion by the third quarter-end and a cumulative total of ¥209.9 billion by January 31, 2025.

For full release, see:

https://group.softbank/media/Project/sbg/sbg/pdf/ir/financials/financial_reports/financial-report_q3fy2024_01_en.pdf

T-Gaia Corp. (TSE:3738)

T -Gaia Corporation sells and distributes mobile phones in Japan and Singapore. The company sells mobile phones, including smartphones, tablets, and various smart device related products and services through various sales channels comprising agents’ shops, shops in large retail stores, and directly-managed shops. It also provides terminals and communication lines, as well as tools to resolve issues on management and operation, improving operational efficiency, implementing security measures, and proposing optimal operation plans and solutions that meet customer needs; movino star, a cloud service that caters to a range of needs for the management and operation of various communication devices, and management of licenses, such as MDM, and fixed-line telephones used by corporate clients; and T-GAIA Smart SUPPORT, a solution package that offers a range of support services, such as help desk, security desk, kitting, and master management services. In addition, the company offers broadband and other telecommunication services; network marketing services; and prepaid settlement services through convenience stores, including the sale of prepaid mobile phones, gift cards, and prepaid cards and codes. Further, it provides ICT online educational services through ICT School NEL Online. The company’s sales channels consist of approximately 1,800 shops. The company was founded in 1992 and is headquartered in Tokyo, Japan.

Business Summary

T-Gaia's three areas of business

As a Comprehensive Provider of ICT-Related Domains, T-Gaia is developing three areas of business to support the new era. It will propose new solutions for delivering ideas, while also strengthening cooperation with group companies in terms of C-to-B and B-to-B communication as well as C-to-C communication.

Mobile Telecommunications Business

[Sales and distribution of mobile phones, etc. and sales agency business]

The environment of mobile communication continues to change over time. As the largest primary agent for telecommunication operators in Japan, T-Gaia will support the ideal “smart life” for the individual customer's needs through its diverse sales channels covering a nationwide area.

Enterprise Solutions Business

[Sales of mobile phones, etc., provision of solution services, sales agency business of fixed communication services, and provision of broadband, for corporate customers]

How companies manage and operate smartphones and tablets as they adopt ICT, under the work style innovation such as telework and formulate BCP, become big challenges. T-Gaia will provide one-stop support for smart devices from procurement and planning to replacement, through Life Cycle Management (LCM). It will support the adoption of ICT by providing telecommunication solutions that meet customers' needs in line with the new era.

Payment Service Business and Other Business

[Payment services, overseas business, and other new lines of business]

The scale of business on prepaid services, including prepaid cards and prepaid codes (PINs), is ever expanding through sales mainly via convenience stores nationwide. While keeping up with the ever-evolving settlement service market and aiming to improve convenience for customers, T-Gaia will create new business opportunities, including expansion overseas.

https://www.t-gaia.co.jp/english/ir/business/index.html

10/2/2025

Third Quarter of Fiscal Year Ending March 31, 2025

Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2025 (April 1, 2024 – December 31, 2024)
Consolidated results of operations (nine months)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%
3Q FY 2025	345,718
		5.1	8,974	77.6	12,815	59.9	7,233	89.8
3Q FY 2024	328,984	0.2	5,052	8.4	8,014	1.6	3,810	(30.6)

	Earnings per share	Diluted earnings per share
	Yen	Yen
3Q FY 2025	129.55	Yen
3Q FY 2025	129.55	—
3Q FY 2024	68.28	—

Consolidated financial position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
3Q FY 2025	253,270	82,362	%
3Q FY 2025	253,270	82,362	32.5
FY 2024	248,260	77,404	31.2

Dividends

	Annual dividends
	1Q-end	Interim	3Q-end	Year-end	Annual
FY 2024 FY 2025	Yen — —	Yen 37.50 0.00	Yen — —	Yen 37.50	Yen 75.00
FY 2024 FY 2025	Yen — —	Yen 37.50 0.00	Yen — —
FY 2025 (forecasts)				0.00	0.00

Consolidated Forecasts for the Fiscal Year Ending March 31, 2025 (April 1, 2024 – March 31, 2025)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Earnings per share

Full year

Million yen

418,400

(6.8)

Million yen

8,800

9.3

Million yen

14,300

15.4

Million yen

8,000

14.1

Yen

143.31

Summary of Results of Operations
Summary of results of operations for the period under review

In the period under review (April to December 2024), although business conditions in Japan are poised to maintain gradual recovery amid an improving employment and income environment, careful attention is still needed as personal consumption appears to be stalling due to factors such as rising consumer prices resulting from the rapid depreciation of the yen, and as the risk of a downturn in overseas business conditions could weigh on the Japanese economy amid factors such as global political instability and concerns about the future of the Chinese economy.

Meanwhile, the market for mobile phone handsets, which is the main business field of the Company, has been transitioning to a more normal market as mobile phone handset discounts have been subject to restraints as a result of partial revision of the Regulations for Enforcement of Telecommunications Business Act (below, “Revision of Regulations”) having gone into effect in December 2023. On the other hand, rising prices of mobile phone handsets and escalating commodity prices have prompted a situation where sales of mobile phone handsets by major telecommunications carriers amounted to 28.07 million units in FY 2023, thereby falling below 30.00 million units for the first time since FY 2000. This suggests that the role expected of us and other mobile phone distributors is becoming increasingly significant, which includes engaging in various initiatives to stimulate consumer demand and offering new value propositions such as those that link with financial services, as telecommunications carriers are intensifying measures to encourage customers to switch carriers.

Under this business environment, the Company has been advancing “sustainability management” that places top priority on resolving social issues through its business. We are working toward achieving our vision of “creating a better future for our customers and contributing to society through ‘the desire to connect,’” while regularly monitoring KPIs of our “TG Material Issues,” which represent the Company’s core material issues.

Under our Medium-Term Management Plan (FY 2025-FY 2027), we will transform our business by further incorporating a “market- in” approach of providing services from the customer’s perspective, in addition to our “product-out” approach thus far. In seeking to steadily implement our three growth strategies of “transforming into a customer-driven business,” “collaborating with strategic partner companies,” and “resolving social issues through community-based initiatives,” we have furthermore restructured the organization in establishing the Consumer Business Segment, Enterprise Business Segment, and Social Innovation & QUO Card Business Segment, effective from the fiscal year under review. Under our aim of further underpinning these growth strategies, we are also working to strengthen our business foundations through initiatives that include maintaining sound financial foundations, maximizing value of human capital, and increasing productivity through digitalization.

Consolidated business results of the Group for the period under review marked net sales of 345,718 million yen (+5.1% year on year), with operating profit of 8,974 million yen (+77.6%). Ordinary profit marked 12,815 million yen (+59.9%) and profit attributable to owners of parent posted 7,233 million yen (+89.8%).

The main reasons for the increase in both sales and profit were market normalization in the Consumer Business Segment, as well as greater efficiency of shop operations.

In the period under review, the Group posted an extraordinary loss of 1,788 million yen in expenses related to voluntary retirements.

[Consumer Business Segment]

The Consumer Business Segment is engaged in intermediary services specializing in contracts for telecommunications services, and other types of contracts provided by each telecommunications carrier, as well as the sales of smartphones, etc. It also engages in smartphone accessory sales, wholesaling, and other retail businesses. For the Group’s shops across Japan, we are aiming to realize shops that are “regional hubs for promoting digitalization” that connect customers with peace of mind, rather than mere “points of sale,” and provide impressive experience to customers through high quality services and proposals with utility value that meets customer requirements.

The number of mobile phone contracts in the Consumer Business Segment was 2,224,000 (a decrease of 0.2% year on year), remaining at the same level as in the same period of the previous fiscal year. This was partly due to the appeal of mobile phone handset purchase programs (residual value guarantee programs) offered by each telecommunications carrier, despite the Revision of Regulations having imposed limits on discounts for individual mobile phone handsets amid persistently high mobile phone handset prices due to yen depreciation and increasing functionality of mobile phone handsets. Due to the revision of the Guidelines for the Operation of Article 27-3 of the Telecommunications Business Act, which went into effect on December 26, 2024, there were significant price increases for some models. In certain sales channels, there were also last-minute purchases made before the revision took effect.

On the profit front, we achieved favorable results from our original products, especially security products, in addition to smaller discount amounts due to the Revision of Regulations. However, promotion expenses and sales personnel expenses increased from the same period of the previous fiscal year, due to factors such as on-site sales activities.

At our carrier shops, there has been increased use of the Smart Online Support, which provides remote support for initial setup and instructions on smartphone use. We strive to increase customer satisfaction and make our operations more efficient through the provision of support tailored to each customer by specialist staff.

As a result, net sales marked 292,332 million yen (+3.1% year on year), with profit attributable to owners of parent of 5,348 million yen (+93.8%).

[Enterprise Business Segment]

The Enterprise Business Segment is engaged in the sales of smartphones, etc. to enterprise clients, the provision of solution services related to devices and network management services, etc., and sales and intermediary services specializing in optical communication line service contracts for enterprise clients and individual customers. The Group is expanding products and services to create a one- stop channel for meeting customers’ requirements through its Life Cycle Management (LCM) which revolves around administrative and support services for device life cycles spanning from network and device procurement and introduction support for smart devices including PCs to infrastructure development, operations, maintenance, and replacement.

The number of mobile phone contracts in the Enterprise Business Segment was 244,000 (an increase of 2.7% compared to the same period of the previous fiscal year). The Company secured a gross profit margin level comparable to the same period of the previous fiscal year, as the gross profit per unit of mobile phone contracts for enterprise clients was on a recovery trend.

The Company has reorganized its organization based on the company size of enterprise clients effective from the fiscal year under review, with the aim of providing optimal proposals tailored to each industry and company size with a focus on management based on a market-in perspective. In LCM, we have expanded our products and services and begun developing package services for small and medium-sized businesses, designed to resolve and support their industry-specific and company size-related challenges. Amid these efforts, the number of management IDs, particularly for network administrative services (movino star) and helpdesks, as well as the cumulative number of lines owned by the Company’s own “TG Hikari” fiber-optics access service, surpassed those of the same period of the previous fiscal year, demonstrating continued robust performance.

In the renewable energy business, operated by the Company’s subsidiary, services for the solar power generation PPA model for enterprise clients are being expanded.

As a result, net sales marked 31,197 million yen (+1.8% year on year), with profit attributable to owners of parent of 791 million yen (loss attributable to owners of parent of 885 million yen for the same period of the previous fiscal year).

[Social Innovation & QUO Card Business Segment]

The Social Innovation & QUO Card Business Segment engages through major nationwide convenience store chains in sales of PINs (prepaid codes) and gift cards, and also provides support for resolving issues in local communities. It also includes the Company’s consolidated subsidiary QUO CARD Co., Ltd. which is tasked with the issuance and settlement of “QUO CARD” and “QUO CARD Pay” and the sales and repair/maintenance of card-handling equipment, etc.

In the payment service, whereas PIN and gift card transaction volumes were down compared with the same period of the previous fiscal year partly due to the diversification of payment methods, the volume of digital gift transactions has remained strong.

Our original campaign support system for enterprise clients, “At Gift,” released in June 2024, provides one-stop support for all aspects of digital gifts, from the provision of digital gifts to the planning and execution of campaigns.

The social innovation business collaborates with various local governments in providing support for resolving social issues through initiatives to promote the use of digital technology, including dispatching smartphone consultants to Katsuura City, Chiba Prefecture, and being commissioned by Nasushiobara City, Tochigi Prefecture to provide tourism business operations aimed at attracting foreign tourists from abroad.

Meanwhile, selling, general and administrative expenses increased from the same period of the previous fiscal year due to effects of headcount expansion as a result of forming a specialized organization effective from the fiscal year under review along with upfront investments in various initiatives.

In the QUO Card Business, the amount of issuance for QUO CARD and QUO CARD Pay increased compared to the same period of the previous fiscal year, driven by greater adoption of these services in various campaigns and initiatives. In addition, we are continuing to focus on expanding our network of member stores, with efforts centered on QUO CARD Pay.

As a result, net sales marked 22,187 million yen (+48.9% year on year), with profit attributable to owners of parent of 1,762 million yen (-4.1%).

Summary of financial position for the period under review (Assets)

Current assets at the end of the period under review were 213,221 million yen, which was 7,577 million yen higher than at the end of the previous fiscal year. This was mainly due to a 20,601 million yen increase in operational investment securities, a 5,380 million yen increase in inventories, a 2,824 million yen increase in accounts receivable - other, a 10,980 million yen decrease in guarantee deposits, a 5,322 million yen decrease in notes and accounts receivable - trade, and a 5,176 million yen decrease in cash and deposits. Non-current assets at the end of the period under review were 40,049 million yen, which was 2,566 million yen lower than at the end of the previous fiscal year. This was mainly due to a 2,247 million yen decrease in deferred tax assets and a 739 million yen decrease in goodwill.

As a result, total assets posted 253,270 million yen, which was 5,010 million yen higher than at the end of the previous fiscal year.

(Liabilities)

Current liabilities at the end of the period under review were 167,482 million yen, which was 31 million yen higher than at the end of the previous fiscal year. This was mainly due to a 3,620 million yen increase in card deposits, a 1,005 million yen increase in accounts payable - other, a 1,875 million yen decrease in current portion of long-term borrowings, a 1,346 million yen decrease in income taxes payable, and a 1,184 million yen decrease in provision for bonuses. Non-current liabilities at the end of the period under review were 3,426 million yen, which was 22 million yen higher than at the end of the previous fiscal year. This was mainly due to a 110 million yen decrease in years of service gratuity reserve provisions and a 114 million yen increase in asset retirement obligations.

As a result, total liabilities posted 170,908 million yen, which was 53 million yen higher than at the end of the previous fiscal year.

(Net assets)

Net assets at the end of the period under review were 82,362 million yen, which was 4,957 million yen higher than at the end of the previous fiscal year. This was mainly due to 7,233 million yen recognized in profit attributable to owners of parent and 2,093 million yen in payment of dividends of surplus.

For full release, see:

https://pdf.irpocket.com/C3738/CRpO/PzOO/yVgB.pdf

ACQ_REF: IS/52976/20251029/JPN/24/49

ACQ_AUTHOR: Associate/Josienity Millen

Word count: 27310

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JAPAN COMMUNICATIONS 29 OCT 25_EN

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