Slide 1: Financial Results Presentation for the First Half of the Fiscal Year Ending March 31, 2026
PCA CORPORATION Financial Results Presentation for the First Half of the Fiscal Year Ending March 31, 2026 (April 1, 2025 – September 30, 2025) October 30, 2025 *English translation of the original Japanese document. In case there is any inconsistency between the translation and the original, the la
Slide 2: Index
Index 1 FY2026 First Half Topics p. 3 2 FY2026 First Half Results p. 8 3 FY2026 Initiatives p. 20 4 Revision of FY2026 Forecast p. 25 *For clarity, fiscal years in this presentation are represented by their ending year (e.g., FY2026 refers to the fiscal year from April 1, 2025, to March 31, 2026), f
Slide 3: FY2026 First Half Topics
NOX FY2026 First Half Topics K ~ <x K\ KX
Slide 4: Topics
Topics • Commemorative Advertisement for • PCA FES 2025 Professional Golfer Kokona Sakurai’s Victory Published in the Nikkei Newspaper PCA’s annual business event, PCA FES, was held this year in Tokyo Professional golfer Kokona Sakurai, with whom we entered into a sponsorship and Osaka under the the
Slide 5: Topics: Strategic M&A to Strengthen Development Capabilities
Topics • Strategic M&A to Strengthen Development Capabilities In August 2025, our group welcomed Tyrell Systems Inc. as a new member to further accelerate our growth strategy. Through this strategic integration, we aim to achieve a significant increase in development speed and generate strong busine
Slide 6: Topics: Expense Management
Topics Released in April 2025 Expense Management Easy Start & Low Cost Directly integrates with PCA’s accounting solutions KEY FEATURES Smoother expense reimbursement Seamless integration with accounting data Management functions to prevent Integration of attendance data budget overruns and expense
Slide 7: AI Initiative: PCA AI Chatbot for the Support Center
AI Initiative: PCA AI Chatbot for the Support Center Building the Foundation for New Businesses and Making Upfront Investments Generative AI deployment and research on business automation PCA AI Chatbot is a service that automatically answers questions on how to use the PCA Hub Series. Using natural
Slide 8: FY2026 First Half Results
- XXX NOX FY 2026 First Half Results K ~ <x K\ KX
Slide 9: FY2026 First Half Consolidated Income Summary
FY2026 First Half Consolidated Income Summary • Expenses (cost of sales + SG&A) increased by 492M yen YOY (+7.6%). Apr–Sep Apr–Sep YOY FY2026 2024 2025 Progress Initial Change (%) (Millions of yen) First Half First Half % Forecast (Million Yen) Net Sales ◆ Net sales: +328M yen (+4.2% YOY) Net Sales
Slide 10: Consolidated Sales by Category: Trends (First Half)
Consolidated Sales by Category: Trends (First Half) (Millions of yen) 9,000 +4.1％ +10.3％ 8,223 104.1% 7,895 8,000 282 94.6% +12.8％ 194 99.9% One-Time 7,074 299 215 17.1% Payment Based 928 99.9% (18.8％) Revenue 7,000 967 6,163 713 198 6,000 1,633 99.8% 557 1,002 222 1,906 5,000 834 1,715 4,000 Subscr
Slide 11: Consolidated Sales by Category: YOY Comparison (First Half)
Consolidated Sales by Category: YOY Comparison (First Half) (Millions of yen) Sales by Category: Key Points FY2025 First Half FY2026 First Half Cloud Services YOY Change Sales % of Total Sales % of Total l Cloud services: PCA Cloud / PCA Subscription / PCA Hub / (%) Xronos Cloud l Cloud service sale
Slide 12: Consolidated Net Sales: Breakdown of YOY Change (First Half)
Consolidated Net Sales: Breakdown of YOY Change (First Half) • Cloud service growth targets were not achieved, as the shift to lower-priced products such as PCA Cloud on AWS and PCA Subscription progressed more than expected. In addition, maintenance service sales declined more than planned. (Millio
Slide 13: Consolidated Operating Profit: Breakdown of YOY Change (First Half)
Consolidated Operating Profit: Breakdown of YOY Change (First Half) • Profit decreased as we actively made strategic upfront investments, mainly in development- related personnel expenses and subcontracting costs. (Millions of yen) 増加 Increase factors 減少 合計 Decrease factors Total 3,000 Operating Ope
Slide 14: Subscription Model under the New Medium-Term Plan: Concept and KPI Terms
Subscription Model under the New Medium-Term Plan: Concept and KPI Terms ▌Subscription & Maintenance Revenue Peripheral Total stable revenue, comprised of revenues from peripheral cloud services, Cloud Services enterprise cloud services, on-premises (subscription), and on-premises (PCA Hub) (mainten
Slide 15: Key Performance Indicators: Actuals for Four KPIs
Key Performance Indicators (KPIs): Actuals for Four KPIs (End of FY2026 First Half) Number of Active Subscriptions 39,000 ARR (Annual Subscription 10.49 Revenue) billion yen Active Subscriptions *Up 26% from 31,000 as of the end of FY2025 first half *Up 15% from 9.13B yen as of the end of FY2025 fir
Slide 16: KPIs: Trends in Number of Active Subscriptions
Key Performance Indicators (KPIs): Trends in (1) Number of Active Subscriptions • Number of active subscriptions is growing steadily. (1) Number of Active Subscriptions (Subscriptions) 39,202 40,000 Xronos +7,315 (+26.0%) 36,991 PCA 35,364 35,000 33,568 +5,876 (+26.5%) 31,158 14,166 29,754 30,000 28
Slide 17: KPIs: Trends in ARR
Key Performance Indicators (KPIs): Trends in (2) ARR • ARR is growing steadily. (2) ARR (Billions of yen) +1.52B yen (+18.1%) 11 Xronos 10.49 10.17 PCA 9.89 10 +2.22B yen (+36.0%) 9.56 9.13 8.80 2.30 9 8.37 2.18 2.21 7.82 2.07 8 1.93 7.32 1.83 1.74 7 6.46 1.58 6.15 1.43 5.65 5.89 6 5.50 1.36 1.18 1.
Slide 18: KPIs: Trends in Churn Rate and ARPU
Key Performance Indicators (KPIs): Trends in (3) Churn Rate and (4) ARPU • The churn rate remains low. ARPU (revenue per subscription) shows a gradual decline as subscriptions to lower-priced services increase. (3) Churn Rate (4) ARPU (Revenue Per Subscription) (%) (Thousands of yen) 1.5 400 350 297
Slide 19: Consolidated Balance Sheet (Comparison with the End of FY2025)
Consolidated Balance Sheet (Comparison with the End of FY2025) • Recorded 211M yen in goodwill from the M&A as an intangible asset. • The amount of contract liabilities added from new subscriptions during this first half was lower than the amount recognized as revenue during the period, resulting in
Slide 20: FY2026 Initiatives
@<. ¥RHSER, FY 2026 Initiatives
Slide 21: Schedule for the Shift to Cloud and Subscription Services
Schedule for the Shift to Cloud and Subscription Services 2.5 years left until End acceptance of maintenance End support renewals and sign ups contract applications End all support, including response to inquiries to the PSS membership package (maintenance close! contract) Mar. 29, 2024 (Friday) Mar
Slide 22: Key Strategy: The PCA Arch Initiative
Key Strategy: The PCA Arch Initiative A Bridge that Connects People, Services, and Information To Be Launched. Launch of PCA Arch — A New One-Stop Service Supporting Core Business Operations with the Latest Technologies such as AI Covering Accounting & Finance, HR & Labor Management, and Sales Manag
Slide 23: FY2026 Product Release Schedule and External Environment
FY2026 Product Release Schedule and External Environment External Environment / Legal Changes End of support for Amendments to the Amendments to the Mandatory Mandatory Windows 10 Construction Business Act Labor Standards Act application of stress checks and related laws new lease for all accounting
Slide 24: PCA Hub Expense Management: New IC Card Reading Feature Added
PCA Hub Expense Management: New IC Card Reading Feature Added Released on April 24, 2025 New feature: Read and upload IC card data using the smartphone app! Expense Management From the IC Card menu, users can select uploaded travel history and create reimbursement applications for commuting, domesti
Slide 25: Revision of FY2026 Forecast
04 Revision of FY2026 Forecast
Slide 26: Revision of FY2026 Consolidated Forecast (Initial vs. Revised)
Revision of FY2026 Consolidated Forecast (Initial vs. Revised) • To return to a growth trajectory, we will increase development subcontracting costs (including orders to the new development subsidiary), aim for an early launch of new Arch products, and strengthen promotional activities for these pro
Slide 27: FY2026 Consolidated Operating Profit Forecast: vs. Initial Forecast
FY2026 Consolidated Operating Profit Forecast: vs. Initial Forecast • As progress toward cloud service sales targets was slower than planned in the first half, we promptly reviewed and adjusted our expense forecast. (Millions of yen) Increase 増加 factors Decrease 減少 合計 factors Total 5,000 Operating O
Slide 28: FY2026 Consolidated Net Sales Forecast: Trends
FY2026 Consolidated Net Sales Forecast: Trends (Millions of yen) 20,000 17,689 17,539 108.0% 18,000 477 527 88.4% 16,237 494 482 99.9% One-Time l Cloud services: PCA Cloud / PCA 16,000 15,018 596 19.9% Payment Based 522 2,408 2,475 122.2% (19.1%) Revenue Subscription / PCA Hub / Xronos 1,222 Cloud 1
Slide 29: FY2026 Consolidated Income Plan (YOY Comparison)
FY2026 Consolidated Income Plan (YOY Comparison) • Although operating profit is expected to decline YOY due to higher expenses, we remain committed to shareholder returns and will maintain our initial dividend forecast of 95 yen per share. FY2025 FY2026 YOY (Millions of yen) Revised Forecast Change
Slide 30: FY2026 Consolidated Operating Profit Forecast: Breakdown of YOY Change
FY2026 Consolidated Operating Profit Forecast: Breakdown of YOY Change • Net sales are expected to increase, driven by the continued shift to cloud and subscription services. • To return to a growth trajectory, we will increase development investment (including headcount expansion) and strengthen pr
Slide 31: Shareholder Returns: Dividend Policy
Shareholder Returns: Dividend Policy Committed to prioritizing shareholder returns, we maintained our initial annual dividend forecast of 95 yen per share. Dividend FY2025 FY2026 (Actual) (Forecast) 95 Annual 87 Dividend 87 yen/share 95 yen/share 81 (Paid in Full at Year-End) Dividend 100.2% 115.4%
Slide 32: Reference: Capital Policy and Cash Allocation
Reference: Capital Policy and Cash Allocation By strengthening our measures for shareholder returns and incorporating balance sheet management with a focus on increasing corporate value, we will quickly achieve an ROE of 10% and a positive EVA spread. Capital Policy Raise Corporate Value Goal 1 Goal
Slide 33: Reference: Shareholder Return Policy
Reference: Shareholder Return Policy To improve capital efficiency, we will pay dividends at a dividend payout ratio of 100% as our shareholder return policy until ROE exceeds 10%. *We will continue with a progressive dividend policy, in principle, even after achieving an ROE of 10%. ROE EVA Spread
Slide 34: O<. PBODSCE.
O<. PBODSCE.