FY2026 Q2 Consolidated Financial Results (Japan GAAP)

Consolidated Financial Results for The Six Months Ended January 31, 2026

(Japan GAAP)

March 13, 2026

Company name: Ateam Holdings Co., Ltd. Stock exchange listing: Tokyo Stock Exchange Securities code: 3662

URL: https://www.a-tm.co.jp/en/ Representative: Takao Hayashi, President

Contact: Mayuko Morishita, Corporate Officer, General Manager of Corporate Development Division Scheduled date of filing semiannual securities report: March 13, 2026

Phone: +81-52-747-5573

Scheduled date of commencing dividend payments: April 8, 2026 Supplementary briefing material for the financial results: Yes

Schedule of financial results briefing: Yes (for institutional investors and analysts)

(Amounts of less than one million JPY are rounded off.)

1. Consolidated Financial Results for the Six Months Ended January 31, 2026 (August 1, 2025 - January 31, 2026)

   1. Consolidated Operating Results

      (Percentages indicate year-on-year changes)

      	Revenue		Adjusted	EBITDA *	Operating Income		Ordinary Income		Net Income Attributable to Shareholders of Parent Company
      	Million JPY	%	Million JPY	%	Million JPY	%	Million JPY	%	Million JPY	%
      Six Months Ended January 31, 2026	11,319	-1.9	516	-27.5	590	788.9	215	-71.2	229	-58.4
      Six Months Ended January 31, 2025	11,540	-3.1	711		66		749		551

      
      
      

      Note: Comprehensive income (million JPY) Six Months Ended January 31, 2026: 279 [15.7%]

      Six Months Ended January 31, 2025: 241 [ %]

      	EBITDA *		Net Earnings per Share (Basic)	Net Earnings per Share (Diluted)
      	Million JPY	%	JPY	JPY
      Six Months Ended January 31, 2026	782	200.5	12.35	10.99
      Six Months Ended January 31, 2025	260		29.71	28.90

      *Adjusted EBITDA = EBITDA + M&A related expenses (*1) + Provision of allowance for sales promotion expenses (*2) + Sales promotion expenses (*2) - Crypto asset equivalent of points granted (*2)

      *1 M&A expenses include the following:

      1. M&A execution fees: Brokerage fees (including Financial Advisory fees), various due diligence fees, etc.

      2. Financing costs related to M&A (loan-related fees, public offering costs, etc.)

         *2 Expenses arising from the business of Paddle Inc.

         *EBITDA = Operating income + Depreciation (including amortization of intangible fixed assets excluding goodwill) + Amortization of goodwill

         * In the fourth quarter of the fiscal year ended July 31, 2025, the Company finalized the provisional accounting treatment for the business combination, and the figures for the interim period of the fiscal year ended July 31, 2025 reflect the details of the finalized provisional accounting treatment.

   2. Consolidated Financial Position

   	Total Assets	Net Assets	Equity Ratio
   	Million JPY	Million JPY	%
   As of January 31, 2026	15,291	9,116	58.1
   Fiscal Year Ended July 31, 2025	15,209	9,169	59.3

   Note: Shareholders' equity (million JPY) As of January 31, 2026: 8,887

   Fiscal Year ended July 31, 2025: 9,021

2. Dividends

   	Annual Dividend per Share
   	Q1	Q2	Q3	Q4	Total
   Fiscal Year Ended July 31, 2025 Fiscal Year Ending July 31, 2026	JPY	JPY	JPY	JPY	JPY
   	- -	0.00 14.00	-	22.00	22.00
   Fiscal Year Ending July 31, 2026 (Forecast)			-	14.00	28.00

   Note: No revisions to dividend forecasts

3. Forecasts for the Fiscal Year Ending July 31, 2026 (August 1, 2025 - July 31, 2026)

(Percentages indicate year-on-year changes)

Note: No revisions to the forecasts for the fiscal year ending July 31, 2026

*Notes

1. Significant changes in scope of consolidation during the current quarter : Yes

   * Changes in scope of consolidation of specified subsidiaries:

   Newly consolidated: SiGNITY, Inc.

   Newly excluded companies: Ateam Finergy Inc.

2. Application of account procedures to the preparation of quarterly consolidated financial statements : No

3. Changes in accounting policies, accounting projections, or restatements

   1. Changes in accounting policies due to revisions in accounting standards, etc. : No

   2. Changes in accounting policies other than above (i) : No

   3. Changes in accounting projections : No

   4. Restatement : No

      As of January 31, 2026	18,811,135	As of July 31, 2025	18,811,135
      As of January 31, 2026	225,019	As of July 31, 2025	244,017
      Six months ended January 31, 2026	18,582,916	Six months ended January 31, 2025	18,566,242

4. Number of shares issued (common stock)

   1. Number of shares issued at the end of the period (including treasury stock)

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

   3. Average number of shares during the period

Note: The number of shares of common stock at the end of the period used for the calculation of the net assets per share and the average number of shares during the period that forms the basis for the calculation of net income per share-basic are calculated with the shares owned by The Master Trust Bank of Japan, Ltd. (Stock Grant ESOP (Employee Stock Ownership Plan) Trust account and Board Incentive Plan (BIP) Trust account) under the "Stock Grant ESOP Trust" and "Board Incentive Plan (BIP) Trust" included in the treasury stock deducted.

*Quarterly financial results reports are not required to be subjected to quarterly reviews

*Proper usage of financial results forecasts and other special matters

The forward-looking statements, including earnings forecasts, herein are based on information available to Ateam Holdings Co., Ltd. and certain assumptions deemed reasonable as of the date of publication of this document. They are not intended as the Company's commitment to achieve such forecasts, and actual results may differ significantly from these forecasts due to a wide range of factors. For conditions prerequisite to the financial results forecast, please refer to "Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements" on page 4 of the attachments to this financial results report.

Table of Contents

1. Qualitative Information Regarding Results for the Six Months 1

   1. Explanation of Operating Results 1

   2. Explanation of Financial Position 3

   3. Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements 4

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto 5

   1. Quarterly Consolidated Balance Sheets 5

   2. Quarterly Consolidated Statements of Income and Comprehensive Income 7

   3. Consolidated Statements of Cash Flow 9

   4. Additional Information Regarding Quarterly Consolidated Financial Statements 10

Notes on Segment Information 10

Notes on Substantial Changes in the Amount of Shareholder's Equity 11

Notes on Related Business Combinations 11

Notes on Significant Subsequent Events 15

‌As used herein, "Ateam HD", "we", "our" and similar terms include Ateam Holdings Co., Ltd. and its subsidiaries, unless indicated otherwise.

1. Qualitative Information Regarding Results for the Six Months

The business combinations with microCMS Inc. on June 3, 2024 and Paddle Inc. on November 1, 2024 were provisionally accounted for in their respective fiscal years and finalized at the end of last fiscal year. In analyzing comparisons with the previous interim consolidated accounting period, figures from after the finalization of provisional accounting procedures are used.

‌(1) Explanation of Operating Results

Ateam Holdings Co., Ltd. and its consolidated subsidiaries adhere to the corporate purpose: "Combining Creativity and Tech to Deliver More Convenience and More Fun to All". Under our "Ateam Purpose", all directors and employees work together to provide services in various technical and business fields. The Digital Marketing Business consists of "Media Solutions" and "D2C". Media Solutions plans, develops, and operates various web services centered around the needs of daily life, including comparison sites, information media, and tools. They also provide support to corporations through digital customer attraction solutions. D2C plans, develops and operates multiple D2C sites that handle a variety of products. The Entertainment Business plans, develops, and operates games and tool applications that provide entertainment to people around the world with the core theme of connecting people.

Starting from the previous fiscal year, we have included EBITDA in our results to take into account factors including the increase in amortization of goodwill stemming from future M&A activities. In addition, from November 2024, expenses related to crypto assets were incurred as part of Paddle Inc.'s consolidation. In order to represent the profitability of the core business, which is not readily apparent under current accounting standards, we have added Adjusted EBITDA as a measure that deducts one-time expenses related to M&A and the impact of changes in the market value of crypto assets.

Revenue for the six months ended January 31, 2026 decreased slightly year-on-year. While the Digital Marketing Business was able to include revenue from the companies we acquired over the previous fiscal year, Ateam Finergy Inc. has been excluded from the scope of consolidation due to its share transfer. Other factors include the decrease in revenue from certain media businesses within the Digital Marketing Business and the continued decrease in revenue from game apps in the Entertainment Business. Adjusted EBITDA declined compared to the same period of the previous fiscal year primarily due to reduced profits from the decreased revenue in certain businesses. Additionally, the rise of common expenses due to an increase in the number of shareholders eligible for shareholder benefits also contributed to this decline. Operating income, despite the aforementioned negative factors, increased year-on-year due to a reversal of the provision for sales promotion expenses resulting from the decline in crypto asset prices. Ordinary income and interim net income attributable to shareholders of the parent company fell from the same period of the previous year. This was primarily driven by losses on the valuation of crypto assets resulting from a decline in its market value. This decline occurred despite realizing an extraordinary gain from the transfer of shares in Ateam Finergy Inc. in August 2025.

During the six months ended January 31, 2026, Ateam HD posted revenue of 11,319 million JPY (down 1.9% year-on-year), Adjusted EBITDA of 516 million JPY (down 27.5% year-on-year), operating income of 590 million JPY (up 788.9% year-on-year), ordinary income of 215 million JPY (down 71.2% year-on-year), and net income attributable to shareholders of parent company of 229 million JPY (down 58.4% year-on-year).

The operating performance by segment for the six months ended January 31, 2026 follows below. Media Solutions

In Media Solutions (categorized within the Digital Marketing Business), we operate comparison sites and information

1