Access Co., Ltd.TSE: 4813

Consolidated Financial Results for the Six Months Ended July 31,2025

· Issued by Access Co., Ltd.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

September 12, 2025



Consolidated Financial Results

for the Six Months Ended July 31, 2025

(Under Japanese GAAP)

Company name: ACCESS CO., LTD. Listing: Tokyo Stock Exchange Securities code: 4813

URL: https://www.access-company.com

Representative: Kiyoyasu Oishi Representative Director, President & CEO

Inquiries: Masayuki Fujii Executive Officer, CFO Telephone: +81-3-6853-9088

Scheduled date to file semi-annual securities report: September 12, 2025 Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: None Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the six months ended July 31, 2025 (from February 1, 2025 to July 31, 2025)

    1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Six months ended

      July 31, 2025

      July 31, 2024

      Millions of yen

      9,055

      8,366

      %

      8.2

      20.8

      Millions of yen

      (1,989)

      (653)

      %

      -

      -

      Millions of yen

      (2,252)

      (352)

      %

      -

      -

      Millions of yen

      (2,718)

      (495)

      %

      -

      -

      Note: Comprehensive income

      For the six months ended July 31, 2025:

      ¥

      (2,644) million [

      -%]

      For the six months ended July 31, 2024:

      ¥

      (288) million [

      -%]

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      July 31, 2025

      (72.25)

      -

      July 31, 2024

      (13.18)

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    As of

    July 31, 2025

    January 31, 2025

    Millions of yen

    14,613

    21,529

    Millions of yen

    7,416

    10,051

    %

    50.6

    46.5

    Reference: Equity

    As of July 31, 2025:

    ¥

    7,395 million

    As of January 31, 2025:

    ¥

    10,012 million

  2. Cash dividends

    Annual dividends per share

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended January 31, 2025

    -

    0.00

    -

    0.00

    0.00

    Fiscal year ending January 31, 2026

    -

    0.00

    Fiscal year ending January 31, 2026

    (Forecast)

    -

    0.00

    0.00

    Note: Revisions to the forecast of cash dividends most recently announced: None

    Note: Breakdown of the second quarter dividend for the fiscal year ending January 31, 2026 : Commemorative dividend - yen

    Special dividend - yen

  3. Consolidated financial result forecasts for the fiscal year ending January 31, 2026 (from February 1, 2025 to January 31, 2026)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Full year

Millions of yen

20,500

%

28.7

Millions of yen

(700)

%

-

Millions of yen

(900)

%

-

Millions of yen

(1,400)

%

-

Yen

(37.23)

Note: Revisions to the financial result forecast most recently announced:

None

* Notes

(1) Significant changes in the scope of consolidation during the period:

None

Newly included: - companies(

Excluded: - companies(

)

)

  1. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None

  2. Changes in accounting policies, changes in accounting estimates, and restatement

    1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

    2. Changes in accounting policies due to other reasons: None

    3. Changes in accounting estimates: None

    4. Restatement: None

  3. Number of issued shares (common shares)

    1. Total number of issued shares at the end of the period (including treasury shares)

      As of July 31, 2025

      39,962,100 shares

      As of January 31, 2025

      39,962,100 shares

    2. Number of treasury shares at the end of the period

      As of July 31, 2025

      2,493,970 shares

      As of January 31, 2025

      2,353,370 shares

    3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Six months ended July 31, 2025

37,618,952 shares

Six months ended July 31, 2024

37,612,791 shares

  • Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

  • Proper use of earnings forecasts, and other special matters

Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet

(Thousands of yen)

As of January 31, 2025

As of July 31, 2025

Assets

Current assets

Cash and deposits 10,809,048 6,290,079

Notes and accounts receivable - trade, and contract assets

3,912,585

2,965,694

Merchandise and finished goods

762,188

154,907

Work in process

31,216

241,962

Advance payments to suppliers

1,088,320

143,528

Other

753,354

751,531

Allowance for doubtful accounts

(108,647)

(82,613)

Total current assets

17,248,067

10,465,091

Non-current assets

Property, plant and equipment

Buildings and structures

252,057

256,385

Accumulated depreciation

(149,258)

(151,857)

Buildings and structures, net

102,798

104,527

Tools, furniture and fixtures

1,640,603

1,627,805

Accumulated depreciation

(1,283,960)

(1,292,763)

Tools, furniture and fixtures, net

356,642

335,042

Leased assets

3,602

3,602

Accumulated depreciation

(3,602)

(3,602)

Leased assets, net

-

-

Right of use assets

937,388

850,754

Accumulated depreciation

(100,209)

(119,181)

Right of use assets, net

837,178

731,573

Total property, plant and equipment

1,296,619

1,171,143

Intangible assets

Software

1,618,298

1,727,755

Total intangible assets

1,618,298

1,727,755

Investments and other assets

Investment securities

675,971

657,223

Deferred tax assets

131,611

90,616

Other

671,819

620,113

Allowance for doubtful accounts

(113,182)

(118,656)

Total investments and other assets

1,366,219

1,249,296

Total non-current assets

4,281,137

4,148,195

Total assets

21,529,205

14,613,286

(Thousands of yen)

As of January 31, 2025

As of July 31, 2025

Liabilities

Current liabilities

Accounts payable - trade

657,879

402,083

Lease liabilities

69,465

71,543

Income taxes payable

32,956

7,514

Contract liabilities

5,367,565

3,206,470

Provision for bonuses

242,533

243,963

Provision for share awards

24,534

27,163

Provision for loss on litigation

5,478

-

Provision for special survey costs, etc.

2,081,127

-

Other

1,503,050

1,851,744

Total current liabilities

9,984,590

5,810,483

Non-current liabilities

Deferred tax liabilities

14,696

20,299

Retirement benefit liability

211,344

250,322

Lease liabilities

962,539

830,709

Provision for share awards

8,972

8,972

Asset retirement obligations

98,993

99,339

Other

196,119

176,313

Total non-current liabilities

1,492,666

1,385,957

Total liabilities

11,477,256

7,196,440

Net assets

Shareholders' equity

Share capital

17,179,615

17,179,615

Capital surplus

12,312,020

12,312,020

Retained earnings

(16,246,756)

(18,964,881)

Treasury shares

(1,510,951)

(1,484,322)

Total shareholders' equity

11,733,927

9,042,431

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

71,434

66,026

Foreign currency translation adjustment

(1,792,725)

(1,713,408)

Total accumulated other comprehensive income

(1,721,291)

(1,647,381)

Share acquisition rights

39,312

21,796

Total net assets

10,051,948

7,416,846

Total liabilities and net assets

21,529,205

14,613,286

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

Gain on reversal of reserve for special survey costs, etc.

-

2,398

Share of profit of entities accounted for using equity method

34,011

24,450

Loss on extinguishment share-based remuneration expenses

-

62,744

For the six months ended July 31, 2024

(Thousands of yen)

For the six months ended July 31, 2025

Net sales 8,366,226 9,055,042

Cost of sales 4,225,371 6,123,638

Gross profit 4,140,854 2,931,404

Selling, general and administrative expenses 4,794,739 4,921,038

Operating loss (653,884) (1,989,634)

Non-operating income

Interest income 14,479 7,681

Gain on investments in investment partnerships 644 -

Foreign exchange gains 241,254 -

Other 41,114 3,334

Total non-operating income 331,504 35,466

Non-operating expenses

Interest expenses 29,922 3,724

Loss on investments in investment partnerships - 16,732

Foreign exchange losses - 277,343

Other - 834

Total non-operating expenses 29,922 298,634

Ordinary loss (352,302) (2,252,802)

Extraordinary income

Gain on sale of non-current assets 1,903 -

Gain on reversal of share acquisition rights - 17,516

Total extraordinary income 1,903 19,915

Extraordinary losses

Loss on retirement of non-current assets 341 0

Impairment losses - 121,354

Extra retirement payments - 145,336

Loss on withdrawal from business 5,910 -

Listing breach of contract - 48,000

Total extraordinary losses 6,252 377,436

Loss before income taxes (356,651) (2,610,323)

Income taxes - current 133,770 71,620

Income taxes - deferred 5,772 36,180

Total income taxes 139,543 107,801

Loss (496,194) (2,718,124)

Loss attributable to non-controlling interests (487) -

Loss attributable to owners of parent (495,707) (2,718,124)