Non-consolidated Financial Results for the Three Months Ended June 30, 2025

August 8, 2025

Company name: Asahi Net, Inc.

Listing: Tokyo Stock Exchange

Securities code: 3834

URL: https://asahi-net.jp/

Representative: Jiro Hijikata, Representative Director, President and Corporate Officer Inquiries: Masaru Komatsu, Executive Director, Senior

Telephone: +81-3-3541-8311

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. Non-consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
   1. Non-consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit
      Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      June 30, 2025	3,360	4.0	504	(20.6)	512	(20.3)	362	(33.6)
      June 30, 2024	3,231	6.7	636	68.3	643	65.9	545	105.9

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	13.76	-
      June 30, 2024	20.01	-

   2. Non-consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   June 30, 2025	14,318	12,498	87.3
   March 31, 2025	14,787	13,091	88.5

   Reference: Equity

   As of June 30, 2025: ¥12,498 million

   As of March 31, 2025: ¥13,091 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 March 31, 2025	-	12.00	-	12.50	24.50
   Fiscal year ending March 31, 2026	-
   Fiscal year ending March 31, 2026 (Forecast)		12.50		12.50	25.00

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

3. Forecast of non-consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Note: Revisions to the earnings forecasts most recently announced: None

1. Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements: Yes

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: None

   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 June 30, 2025	32,000,000 shares
      As of March 31, 2025	32,000,000 shares

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

      As of June 30, 2025	6,152,987 shares
      As of March 31, 2025	5,152,987 shares

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

• Review of the Japanese-language originals of the attached quarterly non-consolidated financial statements by certified public accountants or an audit firm: Yes (optional)

• Proper use of earnings forecasts, and other special matters

(Cautions on forward-looking statements, etc.)

The forward-looking statements, including forecasts of financial results, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable. Actual financial results may differ from the results anticipated in the statements due to various factors.

(Millions of yen)

(Millions of yen)