Anges. Inc.TSE: 4563

Consolidated Financial Report for the First Quarter 2026

· Issued by Anges. Inc.




Released on May 8, 2026 Consolidated Financial Report for the First Quarter 2026 (Unaudited)(Japan GAAP) AnGes, Inc.

https://www.anges.co.jp/en/

Listings: Growth of the Tokyo Stock Exchange, Code 4563

Head Office: 7-7-15, Saito-Asagi, Ibaraki, Osaka, 567-0085, Japan

(Figures are rounded down to the nearest million yen)

  1. Business Results for the First Quarter 2026 (From Jan. 1, 2026 to Mar. 31, 2026)

    1. Results of Operations (Percentages indicate changes from the same period of the previous fiscal year)

      Revenues

      Operating

      loss

      Ordinary loss

      Net loss

      Million yen

      %

      Million yen

      %

      Million yen

      %

      Million yen

      %

      1Q 2026

      203

      20.4

      (1,496)

      -

      (1,110)

      -

      (1,082)

      -

      1Q 2025

      169

      49.0

      (1,255)

      -

      (1,237)

      -

      (1,247)

      -

      *Comprehensive Income 1Q 2026 : (1,467) million yen 1Q 2025 : (1,252) million yen

      Net loss per share

      Diluted net loss

      per share

      Yen

      Yen

      1Q 2026

      (2.74)

      -

      1Q 2025

      (3.99)

      -

    2. Financial Position

    Total assets

    Total net assets

    Shareholders'

    equity ratio

    Million yen

    Million yen

    %

    Mar. 31, 2026

    4,472

    2,023

    43.3

    Dec. 31, 2025

    5,405

    3,076

    55.2

    *Shareholder's equity

    Mar. 31, 2026 :

    1,938

    million yen

    Dec. 31, 2025 :

    2,983

    million yen

  2. Dividend

    Dividend per share

    1Q

    2Q

    3Q

    4Q

    Full-year

    Yen

    Yen

    Yen

    Yen

    Yen

    FY 2025

    -

    0.00

    -

    0.00

    0.00

    FY 2026

    -

    FY 2026 (Forecast)

    0.00

    -

    0.00

    0.00

    *Change of dividend forecast from the most recent release: None

  3. Earnings Forecast for the Fiscal Year 2026 (From Jan. 1, 2026 to Dec. 31, 2026)

Revenues

Operating loss

Ordinary loss

Net loss

Net loss per share

Full-year

Million yen

1,330

%

52.2

Million yen

(10,230)

%

-

Million yen

(10,240)

%

-

Million yen

(10,250)

%

-

Yen

(25.88)

*Change of earnings forecast from the most recent release: None

Notes:

  1. Change of reporting entities (change of condition of significant consolidated subsidiaries)

  2. Accounting procedure peculiar to the quarterly consolidated financial statements

  3. Change of significant accounting and reporting policies for consolidated financial statements

    1. Changes caused by revision of accounting standard : None

    2. Changes in accounting policies other than 1) : None

    3. Changes in accounting estimates : None

    4. Restatement : None

  4. Number of shares issued and outstanding (common stock)

    Mar. 31, 2026

    396,334,550 shares

    Dec. 31, 2025

    389,026,550 shares

    Mar. 31, 2026

    230 shares

    Dec. 31, 2025

    230 shares

    1Q 2026

    395,237,609 shares

    1Q 2025

    313,134,486 shares

    1. Number of shares issued and outstanding (including treasury shares)

      : None

      : None

    2. Number of treasury shares

    3. Average number of shares issued and outstanding

*Performance forecasts or any other future events contained in this report are based on currently available information which are believed to be reasonable at the time of forecasts. Actual results may differ from the forecasts due to various factors.

**This financial report has been translated from Japanese original which has been prepared in accordance with generally accepted accounting principles in Japan, for reference purposes only. Also some changes are added to this report in order to present in a form more familiar to the readers outside Japan.

AnGes, Inc

Consolidated Balance Sheets (In thousands of yen) (Unaudited)

December 31,

2025

March 31,

2026

Assets

Current assets

Cash and deposits

1,882,005

835,875

Accounts receivable - trade

121,625

112,004

Merchandise

234,065

183,927

Raw materials and supplies

1,512,454

1,480,911

Advance payments to suppliers

358,528

449,399

Prepaid expenses

111,922

142,015

Consumption taxes refund receivable

137,442

154,143

Other

28,493

9,609

Total current assets

4,386,537

3,367,886

Non-current assets

Property, plant and equipment

Buildings

226,009

226,009

Accumulated depreciation

(149,482)

(151,364)

Buildings, net

76,527

74,645

Tools, furniture and fixtures

220,704

220,113

Accumulated depreciation

(158,637)

(164,826)

Tools, furniture and fixtures, net

62,067

55,287

Total property, plant and equipment

138,594

129,932

Intangible assets

Softwea

7,627

7,119

Total intangible assets

7,627

7,119

Investments and other assets

Investment securities

417,898

427,135

Long-term loans receivable

15,000

15,000

Leasehold and guarantee deposits

97,801

97,959

Deferred tax assets

339,642

344,519

Other

2,880

82,493

Total investments and other assets

873,223

967,107

Total non-current assets

1,019,446

1,104,159

Total assets

5,405,983

4,472,046

AnGes, Inc

Consolidated Balance Sheets (In thousands of yen) (Unaudited)

December 31,

2025

March 31,

2026

Liabilities

Current liabilities

Accounts payable - trade

542,958

227,863

Accounts payable - other

233,986

386,935

Accrued expenses

32,979

38,495

Provision for business restructuring

140,989

144,042

Income taxes payable

583,633

219,142

Advances received

641,450

639,500

Deposits received

13,105

14,384

Lease liabilities

54,368

38,198

Total current liabilities

2,243,471

1,708,562

Non-current liabilities

Bonds payable

-

650,141

Deferred tax liabilities

21,774

24,857

Asset retirement obligations

64,657

64,686

Total non-current liabilities

86,432

739,685

Total liabilities

2,329,903

2,448,248

Net assets

Shareholders' equity

Share capital

40,228,661

40,439,858

Capital surplus

8,475,978

8,687,176

Retained earnings

(51,637,863)

(52,720,579)

Treasury shares

(39)

(39)

Total shareholders' equity

(2,933,263)

(3,593,584)

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

37,828

41,844

Foreign currency translation adjustment

5,878,684

5,490,110

Total accumulated other comprehensive income

5,916,512

5,531,954

Share acquisition rights

92,830

85,428

Total net assets

3,076,080

2,023,797

Total liabilities and net assets

5,405,983

4,472,046

AnGes, Inc Consolidated Statements of Operations (In thousands of yen) (Unaudited) The First Quarter (From Jan. 1 to Mar.31)

2025

2026

Business revenues

Net sales of goods

55,442

78,945

Commission income

113,795

124,826

Total business revenues

169,237

203,771

Business expenses

Cost of sales

113,045

121,358

Research and development expenses

789,920

1,007,324

Selling, general and administrative expenses

521,723

571,642

Total business expenses

1,424,689

1,700,326

Operating loss

(1,255,451)

(1,496,554)

Non-operating income

Interest income

1,072

3,778

Foreign exchange gains

27,321

385,413

Outsourcing service income

-

1,772

Commission income

741

407

Miscellaneous income

964

216

Total non-operating income

30,098

391,588

Non-operating expenses

Interest expenses on bonds

-

2,641

Share issuance costs

11,777

2,163

Loss on investments in investment partnerships

333

321

Total non-operating expenses

12,111

5,126

Ordinary loss

(1,237,464)

(1,110,092)

Loss before income taxes

(1,237,464)

(1,110,092)

Income taxes - current

6,318

40,497

Income taxes - deferred

4,073

2,829

Refund of income taxes for prior periods

-

(70,703)

Total income taxes

10,392

(27,376)

Loss

(1,247,856)

(1,082,716)

Loss attributable to owners of parent

(1,247,856)

(1,082,716)

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