CyberAgent : FY2025 Consolidated Financial Results

About this update from Cyberagent Incorporated

FY2025 Consolidated Financial Results [Japanese GAAP] November 14, 2025 Listed company name: CyberAgent, Inc.(herein referred as the "Company") Listed stock exchange: TSE Prime Market Code No.: 4751 URL https://www.cyberagent.co.jp/ en/ Representative: Representative Director CEO, President Susumu Fujita Inquiries: Senior Managing Executive Officer Go Nakayama Tel +81-3-5459-0202 Scheduled date of the Annual General Meeting of Shareholders: December 12, 2025 Scheduled date of dividend payment start: December 15, 2025 Scheduled filing date of the Annual Securities Report: December 12, 2025 Preparation of supplementary references regarding financial results: Yes Holding the briefing of financial results: Yes (streaming only) (Amounts less than ¥1 million are rounded down) Consolidated Financial Results for the Year Ended September 30, 2025 (October 1, 2024 - September 30, 2025) Consolidated Results of Operations Net sales Operating income Ordinary income Net income attributable to owners of the parent ¥ million % ¥ million % ¥ million % ¥ million % FY2025 874,030 9.1 71,702 78.9 71,743 80.6 31,667 98.2 FY2024 801,236 11.4 40,083 79.3 39,715 74.9 15,977 351.3 (Note) Comprehensive income FY2025 ¥ 42,430million (64.4%) FY2024 ¥ 25,801million (136.8%) Basic earnings per share Diluted earnings per share Return on shareholders' equity Ordinary income on total assets Operating income margin ¥ ¥ % % % FY2025 62.52 58.96 18.9 13.4 8.2 FY2024 31.56 28.99 10.8 8.0 5.0 (Reference)Equity in gains/losses of associated companies FY2025 -¥ 244million FY2024 -¥ 251million Consolidated Financial Position Total assets Equity Shareholders' equity Shareholders' equity ratio Equity per share ¥ million ¥ million ¥ million % ¥ FY2025 557,162 275,681 179,992 32.3 355.17 FY2024 516,686 250,504 155,634 30.1 307.36 Consolidated Cash Flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the year ¥ million ¥million ¥ million ¥ million FY2025 79,518 (30,825) (33,860) 226,151 FY2024 53,231 (38,331) (5,195) 211,135 Dividends Dividends per share Amount of dividends (Total) Dividend ratio (Consolidated) Dividend on equity (Consolidated) 1Q 2Q 3Q Year-End Annual ¥ ¥ ¥ ¥ ¥ ¥ million % % FY 2024 - 0.00 - 16.00 16.00 8,101 50.7 5.5 FY 2025 - 0.00 - 17.00 17.00 8,615 27.2 5.1 FY 2026 (forecast) - 0.00 - 19.00 19.00 - Forecast of the Consolidated Results for the Fiscal Year Ending September 30, 2026 (October 1, 2025 - September 30, 2026) (% = Year-on-Year Change) Net sales Operating income Ordinary income Net income attributable to owners of the parent Basic earnings per share ¥ million % ¥ million % ¥ million % ¥ million % ¥ Full year 880,000 0.7 50,000 (30.3) 50.000 (30.3) 25,000 (21.1) 49.33 ~60,000 ~(16.3) ~60,000 ~(16.4) ~30,000 ~(5.3) ~59.19 (Note)For detailed information related to the forecast, please refer to "1. Results of Operations (4) Forecast" on page 3. * Notes (1) Significant changes in the scope of consolidation during the Period: None New : －(Company name: －) Excluded : －(Company name: －) ‌Changes in accounting policies, changes in accounting estimates, restatements i) Changes associated with revisions of accounting standards: Yes ii) Changes other than those included in i) : None iii) Changes in accounting estimates: None iv) Restatements: None Number of shares issued (common stock) (1) Number of shares issued at end of year (including treasury stock) FY2025: 506,779,600 FY2024: 506,344,400 (2) Number of shares of treasury stock issued end of period FY2025: 1,107 FY2024: 1,098 (3) Average number of shares during the year FY2025: 506,492,578 FY2024: 506,261,873 (Reference) Non-consolidated Results for the Fiscal Year Ended September 30, 2025 (October 1, 2024 - September 30, 2025) Non-consolidated Results of Operations (% = Year-on-Year Change) Net sales Operating income Ordinary income Net income ¥ million % ¥ million % ¥ million % ¥ million % FY2025 420,726 (3.3) (2,553) - 10,265 (18.2) 8,938 (15.2) FY2024 435,124 8.0 5,665 17.9 12,553 30.0 10,544 44.6 Basic earnings per share Diluted earnings per share ¥ ¥ FY2025 17.64 16.55 FY2024 20.82 19.08 Non-consolidated Financial Position Total assets Equity Shareholders' equity Shareholders' equity ratio Equity per share ¥ million ¥ million ¥ million % ¥ FY2025 214,919 49,136 46,516 21.6 91.78 FY2024 213,799 47,220 44,643 20.9 88.16 The Consolidated Financial Results is not subject to audit by independent certified public accountants or audit. Appropriate Use of Earnings Forecast and Other Matters. The earnings forecast and forward-looking statements in this reports are based on the Company's expectations and assumptions as of the date of this report. Actual results may differ materially due to various factors and uncertainties. ‌Table of Contents 1. Results of Operations . 2 (1) Overview of Results of Operations . 2 (2) Overview of Financial Position . 2 (3) Overview of Cash Flow . 2 (4) Forecast . 3 2. Basic Policy for the Selection of Accounting Standards . 3 3. Consolidated Financial Statements and Key Notes . 4 (1) Consolidated Balance Sheets . 4 (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income . 6 Consolidated Statements of Income 6 Consolidated Statements of Comprehensive Income 7 (3) Consolidated Statements of Changes in Equity . 8 (4) Consolidated Statements of Cash Flows . 10 (5) Notes to Consolidated Financial Statements . 11 (Notes Regarding the Going Concern Assumption) . 11 (Notes Regarding Changes in Accounting Policies) 11 (Notes Regarding Changes in Presentation Method) 11 (Additional Information) 12 (Notes Regarding Segment Information) . 13 (Notes Regarding Information on Value per Share) . 17 (Notes Regarding Significant Subsequent Events) . 17 ‌Results of Operations ‌Overview of Results of Operations The CyberAgent Group is expanding its business around "ABEMA", a new TV of the future, which was launched in 2016. Recently, the IP business with a multimedia franchise strategy has been growing rapidly in Japan and worldwide. For this reason, the group is also working to strengthen its IP business which has a high affinity with "ABEMA". During this consolidated fiscal year, the Media & IP business maintained a high growth rate, the Game business delivered several major hit titles, and the Internet Advertisement business captured the growth of the internet advertising market. As a result, net sales grew 9.1% year-on-year to ¥874,030 million, marking the 28th consecutive period of revenue growth since the company's founding. Operating income amounted to ¥71,702 million (a 78.9% increase), driven by the Media & IP business returning to profitability for the first time in 10 years and the highly profitable game business achieving a significant increase in profits. Ordinary income amounted to ¥71,743 million (an 80.6% increase), and net income attributable to the owners of the parent increased 98.2% to ¥31,667 million. Earnings by business segments are discussed below. The classification of reportable segments has been changed from the current fiscal year. The following year-on-year comparisons are based on figures for the same period of the previous fiscal year, which have been reclassified into the new segment classification. Media & IP Business The Media & IP Business includes "ABEMA" and "WINTICKET", etc. Building revenue in multiple layers, net sales grew and amounted to ¥231,543 million for the period, a 15.7% year-on-year increase. Operating income amounted to ¥7,291 million, an increase of ¥8,739 million from the same period in the prior fiscal year. The Media & IP Business have returned to profitability for the first time in 10 years after the launch of ABEMA, the new TV of the future. Internet Advertisement Business The Group's Internet Advertisement Business includes the Internet Advertising Division and the AI Division, etc. Despite losing some major clients during the second half, Internet Advertisement Business sustained ¥461,220 million of net sales, up 6.1% year-on-year. Due to investing in new business using AI. etc, operating income amounted to ¥17,602 million, a 14.0% year-on-year decrease. Game Business The Game Business includes Cygames, Inc., Applibot, Inc., QualiArts, Inc and Colorful Palette Inc., etc. Thanks to several major new hit games and the success of overseas expansion, net sales amounted to ¥216,710 million, a 10.6% year-on-year increase. The transition to an external payment method has had a positive effect, resulting in operating income amounted to ¥60,063 million, a 96.5% year-on-year increase. Investment Development Business The Investment Development Business consists of the CyberAgent corporate venture capital business and the fund operations of CyberAgent Capital, Inc. The Investment Development Business recorded net sales of ¥1,663 million (73.8% year-on-year decrease) and operating loss of ¥1,515 million, compared to operating income of ¥426 million for the same period in the prior fiscal year. ‌Overview of Financial Position Total assets at the end of this fiscal year have increased by ¥ 40,475 million compared to the end of the previous fiscal year and amounted to ¥557,162 million. It is mainly due to the increase in cash and deposits in line with sales increase. Total liabilities have increased by ¥15,299 million compared to the end of the previous fiscal year and amounted to ¥281,481 million. It is mainly due to the increase in income tax payable in line with sales increase. Total Equity have increased by ¥25,176 million compared to the end of the previous fiscal year and amounted to ¥275,681 million. It is mainly due to the increase in retained earnings owing to the recording of net income attributable to owners of the parent. Overview of Cash Flow As of the end of this fiscal year, Cash and cash equivalents increased by ¥15,016 million from the end of the previous fiscal year to ¥226,151 million. The following is a summary of the major factor affecting the cash flow in this fiscal year. Cash flows from operating activities Net cash provided by operating activities was ¥79,518 million of inflow (¥53,231 million of inflow in the previous fiscal year). The major inflow included net income gains, and the major outflow included income tax payments. Cash flows from investing activities Net cash used in investing activities was ¥30,825 million of outflow (¥38,331 million of outflow in the previous fiscal year). Major outflow included acquisition of Non-current assets. Cash flows from financing activities Net cash provided by financing activities was ¥33,860 million of outflow (¥5,195 million of outflow in the previous fiscal year). Major outflow included redemption of convertible bonds. Forecast With respect to earnings forecasts for the next fiscal year (ending September 2026), due to increased revenue in Internet Advertisement Business and Media & IP Business, consolidated sales are expected to be ¥880 billion (up 0.7% from the previous fiscal year). Considering the characteristics of the Game Business which have a significant volatility in performance inherent, Consolidated operating income is expected to be in the range of ¥50~60 billion. And, consolidated ordinary income is expected to be in the range of ¥50~60 billion and Net income attribute to owners of the parent is expected to be in the range of ¥25~30 billion. Also, the Company recognizes that the return of profits to shareholders is an important management priority and intends to continue to pay dividends along with increasing the value of our shares over a medium to long-term through business growth and improving capital efficiency. The year-end dividend forecast of the fiscal year 2026 is ¥19 to achieve the DOE of 5% or more, established for the fiscal year ending September 2017. We will submit this matter to the 29th Annual General Meeting of Shareholders to be held in December 2026. The forecast is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ from those listed in this forecast because of various factors. ‌Basic Policy for the Selection of Accounting Standards The Group has adopted the generally accepted accounting standards in Japan, considering the comparability of consolidated financial statements as to comparison with other periods and other companies. ‌Consolidated Financial Statements and Key Notes ‌Consolidated Balance Sheets (Unit: ¥ million) FY2024 (As of September 30, 2024) FY2025 (As of September 30, 2025) Assets Current assets Cash and deposits 210,041 229,849 Trade notes and accounts receivable,and contract assets 81,152 88,514 Inventories 11,594 10,304 Operational investment securities 18,206 16,339 Other 38,001 45,300 Allowance for doubtful receivables (363) (93) Total current assets 358,632 390,215 Non-current assets Property and equipment Buildings and structures, net 12,697 12,486 Tools, furniture and fixtures, net 8,334 7,948 Land 5,682 11,274 Other 563 885 Total property and equipment 27,278 32,595 Intangible assets Goodwill 14,778 13,894 Software 5,000 14,129 Software in progress 20,543 20,699 Other 8,975 8,039 Total intangible assets 49,297 56,763 Investments and other assets Investment securities 43,467 46,298 Long-term bank loans 863 1,154 Deferred tax assets 9,332 9,946 Other 28,456 21,020 Allowance for doubtful receivables (691) (871) Total investments and other assets 81,428 77,549 Total non-current assets 158,005 166,908 Deferred assets 48 38 Total assets 516,686 557,162 (Unit: ¥ million) FY2024 (As of September 30, 2024) FY2025 (As of September 30, 2025) Liabilities Current liabilities Trade accounts payable 74,235 81,747 Other payables 23,503 30,293 Income taxes payable 9,709 20,797 Short-term bank loans 600 600 Current portion of convertible bonds 20,016 - Other 40,160 44,352 Total current liabilities 168,226 177,791 Non-current liabilities Convertible bonds 40,439 40,353 Long-term bank loans 45,722 52,418 Provision for long service rewards for employees 3,452 3,734 Asset retirement obligation 2,626 2,668 Deferred tax liabilities 2,802 2,446 Other 2,911 2,067 Total non-current liabilities 97,955 103,689 Total liabilities 266,181 281,481 Equity Shareholders' equity Common stock 7,440 7,654 Capital surplus 12,296 12,372 Retained earnings 122,704 146,260 Treasury stock (1) (1) Total shareholders' equity 142,439 166,285 Accumulated other comprehensive income Unrealized gain on available-for-sale securities 12,917 13,551 Foreign currency translation adjustments 277 155 Total other comprehensive income 13,194 13,707 Stock acquisition rights 2,644 3,760 Non-controlling interests 92,226 91,927 Total Equity 250,504 275,681 Total liabilities and equity 516,686 557,162 ‌Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income‌ (Unit: ¥ million) FY2024 (Oct.1, 2023 to Sep.30, 2024) FY2025 (Oct.1, 2024 to Sep.30, 2025) Net sales 801,236 874,030 Cost of sales 582,472 609,978 Gross profit 218,764 264,051 Selling, general and administrative expenses 178,680 192,349 Operating income 40,083 71,702 Non-operating income Interest income 369 400 Dividends income 381 481 Rent income 623 257 Other 378 483 Total non-operating income 1,753 1,622 Non-operating expenses Interest expenses 245 428 Loss on valuation of investment securities 113 217 Equity in losses of associated companies accounted for by the equity method 251 244 Provision for allowance for doubtful accounts 599 199 Other 911 492 Total non-operating expenses 2,121 1,581 Ordinary income 39,715 71,743 Extraordinary income Gain on sales of investment securities 71 389 Gain on sale of non-current assets 4 1,759 Gain on transfer of business 117 - Other 120 171 Total extraordinary gains 313 2,319 Extraordinary loss Impairment loss 5,602 6,319 Other 3,212 1,515 Total extraordinary loss 8,815 7,835 Income before income taxes 31,213 66,227 Income taxes-current 14,398 25,883 Income taxes-deferred (3,560) (1,620) Total income tax 10,837 24,263 Net income 20,376 41,964 Net income attributable to non-controlling interests 4,398 10,296 Net income attributable to owners of the parent 15,977 31,667 ‌Consolidated Statements of Comprehensive Income (Unit: ¥ million ) FY2024 (Oct. 1, 2023 to Sep. 30, 2024) FY2025 (Oct. 1, 2024 to Sep. 30, 2025) Net income 20,376 41,964 Other comprehensive income Unrealized gain on available-for-sale securities 5,383 546 Foreign currency translation adjustments 56 (110) Share of other comprehensive income (loss) of associated companies accounted for by the equity method (14) 30 Total other comprehensive income 5,425 466 Comprehensive income 25,801 42,430 (Comprehensive income attributable to) Owners of the parent 21,784 32,180 Non-controlling interests 4,017 10,250 ‌Consolidated Statements of Changes in Equity FY2024 (Oct. 1, 2023 to Sep. 30, 2024) (Unit: ¥ million) Shareholders' equity Common stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Balance at the beginning of year 7,369 12,218 113,986 (1) 133,572 Change in the year Issuance of new shares (Exercise of stock acquisition rights) 70 70 141 Cash dividends (7,592) (7,592) Purchase of treasury stock (0) (0) Change in the parent's ownership interest due to transactions with noncontrolling interests 7 7 Change in scope of consolidation 333 333 Net income attributable to owners of the parent 15,977 15,977 Net changes in the year Total changes of items in the year 70 78 8,718 (0) 8,867 Balance at the end of year 7,440 12,296 122,704 (1) 142,439 Accumulated other comprehensive income Stock acquisition rights Noncontrolling interests Total Equity Unrealized gain on available- for sales securities Foreign currency translation adjustments Total other comprehensive income Balance at the beginning of year 7,196 191 7,388 2,092 85,396 228,450 Change in the year Issuance of new shares (Exercise of stock acquisition rights) 141 Cash dividends (7,592) Purchase of treasury stock (0) Change in the parent's ownership interest due to transactions with noncontrolling interests 7 Change in scope of consolidation 333 Net income attributable to owners of the parent 15,977 Net change in the year 5,720 85 5,806 551 6,829 13,187 Total changes of items in the year 5,720 85 5,806 551 6,829 22,054 Balance at the end of year 12,917 277 13,194 2,644 92,226 250,504 FY2025 (Oct. 1, 2024 to Sep. 30, 2025) (Unit: ¥ million) Shareholders' equity Common stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Balance at the beginning of year 7,440 12,296 122,704 (1) 142,439 Change in the year Issuance of new shares (Exercise of stock acquisition rights) 213 213 427 Cash dividends (8,101) (8,101) Purchase of treasury stock (0) (0) Change in the parent's ownership interest due to transactions with noncontrolling interests (137) (137) Change in scope of consolidation (10) (10) Net income attributable to owners of the parent 31,667 31,667 Net changes in the year Total changes of items in the year 213 75 23,556 (0) 23,845 Balance at the end of year 7,654 12,372 146,260 (1) 166,285 Accumulated other comprehensive income Stock acquisition rights Noncontrolling interests Total Equity Unrealized gain on available- for sales securities Foreign currency translation adjustments Total other comprehensive income Balance at the beginning of year 12,917 277 13,194 2,644 92,226 250,504 Change in the year Issuance of new shares (Exercise of stock acquisition rights) 427 Cash dividends (8,101) Purchase of treasury stock (0) Change in the parent's ownership interest due to transactions with noncontrolling interests (137) Change in scope of consolidation (10) Net income attributable to owners of the parent 31,667 Net change in the year 634 (122) 512 1,116 (298) 1,330 Total changes of items in the year 634 (122) 512 1,116 (298) 25,176 Balance at the end of year 13,551 155 13,707 3,760 91,927 275,681 ‌Consolidated Statements of Cash Flows (Unit: ¥ million) FY2024 (Oct. 1, 2023 to Sep. 30, 2024) FY2025 (Oct. 1, 2024 to Sep. 30, 2025) Cash flows from operating activities Income before income taxes 31,213 66,227 Depreciation 10,436 9,115 Impairment loss 5,602 6,319 Gain on sale of non-current assets (4) (1,759) Decrease (increase) in investment securities for sale 3,160 1,356 Decrease (increase) in trade notes and accounts receivable and contract assets 98 (6,562) Decrease (Increase) in Inventories (2,832) 2,234 Decrease (Increase) in Prepaid expenses (997) (5,682) Increase (decrease) in trade notes and accounts payable 2,382 7,178 Increase (decrease) in other payable 2,484 4,947 Increase (decrease) in accrued consumption taxes 5,811 1,372 Other, net 2,831 9,265 Sub-total 60,187 94,011 Interest and dividend income received 459 761 Interest expenses paid (245) (426) Income taxes paid (7,171) (14,828) Net cash provided by (used in) operating activities 53,231 79,518 Cash flows from investing activities Purchases of non-current assets and investment property (6,679) (10,717) Proceeds from sales of non-current assets and investment property 21 7,757 Purchases of intangible assets (14,237) (17,060) Purchases of investment securities (1,342) (1,886) Payments into time deposits (9) (5,000) Payments for investments in capital (2,117) (3,636) Other, net (13,967) (282) Net cash provided by (used in) investing activities (38,331) (30,825) Cash flows from financing activities Proceeds from long-termbank loans 7,389 9,890 Repayment of long-term bank loans (1,654) (5,783) Proceeds from issuance of stock acquisition rights - 1,050 Cash dividends paid (7,581) (8,093) Purchase of treasury stock of subsidiaries - (9,746) Payment for redemption of convertible bonds - (20,000) Other, net (3,348) (1,177) Net cash provided by (used in) financing activities (5,195) (33,860) Effect of exchange rate change on cash and cash equivalents (434) 184 Net increase (decrease) in cash and cash equivalents 9,269 15,016 Cash and cash equivalents at beginning of year 201,780 211,135 Increase (decrease) in cash and cash equivalents resulting from change of scope of consolidation 85 - Cash and cash equivalents at end of year 211,135 226,151 ‌Notes to Consolidated Financial Statements (Notes Regarding the Going Concern Assumption)‌ No applicable items. (Notes Regarding Changes in Accounting Policies) (Application of Accounting Standard for Current Income Taxes) The Company has applied the "Accounting Standard for Current Income Taxes" (ASBJ Statement No. 27, October 28, 2022; hereinafter, "Revised Accounting Standard 2022") and other standards from the beginning of the current fiscal year. Revisions to categories for recording current income taxes (taxes on other comprehensive income) are subject to the transitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard 2022 and the transitional treatment in the proviso of paragraph 65-2 (2) of the "Guidance on Accounting Standard for Tax Effect Accounting" (ASBJ Guidance No. 28, October 28, 2022; hereinafter, "Revised Guidance 2022"). There is no impact on the consolidated interim financial statements. In addition, regarding the revision related to the review of the treatment in consolidated financial statements when profits or losses arising from the sale of subsidiary shares, etc., between consolidated companies are deferred for tax purposes, the Revised Guidance 2022 has been applied from the beginning of the current fiscal year. The change in accounting policy has been applied retrospectively to the previous fiscal year. The change in accounting policy has no effect on the consolidated financial statements for the previous fiscal year. ‌(Notes Regarding Change in Presentation Method) (Consolidated Statement of income) Loss on valuation of investment securities, which were included in "other" in non-operating expense section in the previous fiscal year, have been presented separately in the current fiscal year due to increased materiality. The consolidated fiscal statements of the previous fiscal year have been restated to reflect this change in presentation. Also, Foreign exchange losses presented separately in non-operating expense section in the previous fiscal year, has been reclassified and aggregated into "other" in the current fiscal year due to decrease materiality. The consolidated fiscal statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, ¥550 million of "other" in non-operating expense in the previous fiscal year has been reclassified to "Loss on valuation of investment securities" of ¥113 million and "other" of ¥436 million. Furthermore, ¥474 million of "Foreign exchange losses" in non-operating expense section in the previous fiscal year is reclassified and aggregated into "other". Gain on sale of non-current assets, which were included in "other" in extraordinary income section in the previous fiscal year, have been presented separately in the current fiscal year due to increased materiality. The consolidated fiscal statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, ¥124 million of "other" in extraordinary income section in the previous fiscal year has been reclassified to "Gain on sale of non-current assets" of ¥4 million and "other" of ¥120 million. Loss on withdrawal from business presented separately in extraordinary loss section in the previous fiscal year, has been reclassified and aggregated into "other" in the current fiscal year due to decrease materiality. The consolidated fiscal statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, ¥1,758 million of "Loss on withdrawal from business" in extraordinary loss section in the previous fiscal year is reclassified and aggregated into "other" (Consolidated Statement of Cash Flows) Gain on sale of non-current assets and Decrease (Increase) in Prepaid expenses, which were included in "other" in cash flows from operating activities in the previous fiscal year, have been presented separately in the current fiscal year due to increased materiality. The consolidated financial statements of the previous fiscal year have been restated to reflect this change in presentation. Also, loss on withdrawal from business, which was presented separately in cash flows from operating activities in the previous fiscal year, have been reclassified and aggregated into "other" in the current fiscal year due to decreased materiality. The consolidated financial statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, ¥71 million of "other" in cash flows from operating activities in the previous fiscal year has been reclassified to "Gain on sale of non-current assets" of ¥4 million, "Decrease (Increase) in Prepaid expenses" of (¥997) million and "other" of ¥1,072 million. Furthermore, ¥1,758 million of " loss on withdrawal from business" is reclassified and aggregated into "other". Purchases of non-current assets and investment property, Payments into time deposits and Payments for investments in capital, which were included in "other" in cash flows from investing activities in the previous fiscal year, have been presented separately in the current fiscal year due to increased materiality. The consolidated financial statements of the previous fiscal year have been restated to reflect this change in presentation. Also, Payments for purchase of subsidiaries' shares resulting in a change consolidation scope, which was presented separately in cash flows from investing activities in the previous fiscal year, have been reclassified and aggregated into "other" in the current fiscal year due to decreased materiality. The consolidated financial statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, (¥4,976) million of "other" in cash flows from investing activities in the previous fiscal year has been reclassified to "Purchases of non-current assets and investment property" of ¥21 million, "Payments into time deposits" of (¥9) million, "Payments for investments in capital" of (¥2,117) million and "other" of (¥2,871) million. Furthermore, (¥11,095) million of "Payments for purchase of subsidiaries' shares resulting in a change consolidation scope" is reclassified and aggregated into "other". Net increase (decrease) in short-term bank loans, which was presented separately in cash flows from financing activities in the previous fiscal year, have been reclassified and aggregated into "other" in the current fiscal year due to decreased materiality. The consolidated financial statements of the previous fiscal year have been restated to reflect this change in presentation. As a result, (¥2,542) million of "Net increase (decrease) in short-term bank loans" is reclassified and aggregated into "other". (Additional Information) (Settlement of Lawsuit) As announced in the "Notice on Settlement of Patent Infringement Lawsuit against Subsidiary" dated November 7, 2025, the pending lawsuit concerning patent infringement filed against Cygames, Inc., a consolidated subsidiary of our company, by Konami Digital Entertainment Co., Ltd. on March 31, 2023 (complaint served on May 10, 2023), reached a settlement on November 7, 2025. As a result of this matter, an extraordinary loss of ¥727 million has been recorded in the current consolidated fiscal year. ‌(Note Regarding Segment Information) Segment Information Overview of Reportable Segments The Company's reportable segments are components of the Group for which separate financial information is available, and whose operating results are reviewed periodically by the Board of Directors to determine allocation of operating resources and evaluate their performance. The Company has business headquarters and subsidiaries for each product and service which develop their business activities both in Japan and overseas, with the aim of improving services and increasing sales and profits. The Group's services are categorized based on such business headquarters and subsidiaries and are classified into four reportable segments, namely, (1) media & IP business, (2) internet advertisement business, (3) game business, and (4) investment development business. Also, effective from the current fiscal year, the Company integrated the "Other Businesses" segment into the "Media Business" segment in accordance with a new structure to strengthen group synergies around "ABEMA", a new TV of the future. Accordingly, "Media Business" has been renamed "Media & IP Business" with the aim of expanding animation and other IP businesses. In addition, the segment information for the previous fiscal year is disclosed based on the new segment classification. Principal services provided by each reportable segment are summarized below: Reportable Segment Details of Services Belonging to the Segment Media & IP Business ABEMA and WINTICKET, etc Internet Advertisement Business Advertising, AI, etc. Game Business Game application for smartphone, etc. Investment Development Business Corporate venture capital and fund operation, etc. Calculation of net sales, profit(loss), assets, liabilities and other items of each reportable segment Segment profit is based on operating income. Intersegment sales and transfers are determined based on prevailing market price. Information about net sales, profit (loss), assets, liabilities and other items of each reportable segment, including disaggregation of revenue FY2024 (Oct. 1, 2023 to Sep. 30, 2024) (Unit: ¥ million) Reportable Segment Reconciliati ons * Consolidated Media & IP Business Internet Advertisement Business Game Business Investment Development Business Total Net Sales 186,223 413,022 195,648 6,342 801,236 - 801,236 Revenue from contracts with customers** Sales to external customers 186,223 413,022 195,648 6,342 801,236 - 801,236 Inter-segment sales or transfers 13,954 21,590 337 - 35,882 (35,882) - Total 200,178 434,612 195,985 6,342 837,119 (35,882) 801,236 Segment profit (loss) (1,448) 20,457 30,569 426 50,004 (9,921) 40,083 * Reconciliations of ¥ -9,921 million mainly represents corporate expenses, which comprise general and administrative expenses that are not allocable to a reportable segment. ** Revenue other than those generated from contracts with customers is not separately presented as it is insignificant. FY2025 (Oct. 1, 2024 to Sep. 30, 2025) (Unit: ¥ million) Reportable Segment Reconciliati ons * Consolidated statement of Income Media & IP Business Internet Advertisement Business Game Business Investment Development Business Total Net Sales Revenue from contracts with customers** 217,164 438,811 216,391 1,663 874,030 - 874,030 Sales to external customers 217,164 438,811 216,391 1,663 874,030 - 874,030 Inter-segment sales or transfers 14,378 22,409 319 0 37,107 (37,107) - Total 231,543 461,220 216,710 1,663 911,138 (37,107) 874,030 Segment income (loss) 7,291 17,602 60,063 (1,515) 83,442 (11,740) 71,702 *Reconciliations of ¥ -11,740 million mainly represents corporate expenses, which comprise general and administrative expenses that are not allocable to a reportable segment .** Revenue other than those generated from contracts with customers is not separately presented as it is insignificant. Related information FY2024 (Oct. 1, 2023 to Sep. 30, 2024) Information on each product and each service The description is omitted, because the same information is disclosed in the segment information. Geographical information Sales The description is omitted, because the sales to external customers in Japan exceeded 90% of the consolidated net sales. Property and equipment The description is omitted, because the amount of property and equipment located in Japan exceeded 90% of the amount of property and equipment in the consolidated balance sheet. Information on major costomers The description is omitted, because there are no single costomer that accounts for over 10% of consolidated net sales. FY2025 (Oct. 1, 2024 to Sep. 30, 2025) Information on each product and each service The description is omitted, because the same information is disclosed in the segment information. Geographical information Sales The description is omitted, because the sales to external customers in Japan exceeded 90% of the consolidated net sales. Property and equipment The description is omitted, because the amount of property and equipment located in Japan exceeded 90% of the amount of property and equipment in the consolidated balance sheet. Information on each major costomers The description is omitted, because there are no single costomer that accounts for over 10% of consolidated net sales. Significant loss on impairment of long-lived assets FY2024 (Oct. 1, 2023 to Sep. 30, 2024) (Unit: ¥ million) Reportable Segment Corporate/ Elimination Total Media & IP Business Internet Advertiseme nt Business Game Business Investment Development Business Subtotal Impairment loss 211 278 5,102 - 5,592 10 5,602 FY2025 (Oct. 1, 2024 to Sep. 30, 2025) (Unit: ¥ million) Reportable Segment Corporate/ Elimination Total Media & IP Business Internet Advertiseme nt Business Game Business Investment Development Business Subtotal Impairment loss 301 399 5,612 - 6,313 5 6,319 Amortization and remaining balance of goodwill by reportable segments FY2024 (Oct. 1, 2023 to Sep. 30, 2024) (Unit: ¥ million) Reportable Segment Corporate/ Elimination Total Media & IP Business Internet Advertisemen t Business Game Business Investment Development Business Subtotal Amortization of goodwill 385 - 59 - 445 - 445 Remaining balance 14,628 - 149 - 14,778 0 14,778 FY2025 (Oct. 1, 2024 to Sep. 30, 2025) (Unit: ¥ million) Reportable Segment Corporate/ Elimination Total Media & IP Business Internet Advertisemen t Business Game Business Investment Development Business Subtotal Amortization of goodwill 794 - 61 - 856 - 856 Remaining balance 13,756 - 138 - 13,894 0 13,894 Significant gains on negative goodwill FY2024 (Oct. 1, 2023 to Sep. 30, 2024) No applicable items. FY2025 (Oct. 1, 2024 to Sep. 30, 2025) No applicable items. ‌(Per Share Information) FY2024 (Oct. 1, 2023 to Sep. 30, 2024) FY2025 (Oct. 1, 2024 to Sep. 30, 2025) Equity per share ¥307.36 ¥355.17 Basic earnings per share ¥31.56 ¥62.52 Diluted earnings per share ¥28.99 ¥58.96 (Note) The basis for calculating "Basic earnings per share" and "Diluted earnings per share" is as follows. FY2024 (Oct. 1, 2023 to Sep. 30, 2024) FY2025 (Oct. 1, 2024 to Sep. 30, 2025) Basic earnings per share Net income attributable to owners of the parent (¥ million) 15,977 31,667 Net income not attributable to common shareholders (¥ million) - - Net income attributable to common shareholders of the parent (¥ million) 15,977 31,667 Weighted-average number of common stock (shares) 506,261,873 506,492,578 Diluted earnings per share Adjustment on net income attributable to owners of the parent (¥ million) -93 -79 (Interest income, net of tax) (¥ million) (-89) (-70) (Dilutive shares issued by subsidiaries) (¥ million) (-4) (-8) Increase in number of common stock (shares) 41,532,410 29,219,406 (Convertible Bond) (shares) (39,323,986) (26,542,800) (Stock acquisition rights) (shares) (2,208,424) (2,676,606) Potential common stock that are anti-dilutive and therefore excluded from the calculation of diluted earnings per share - - ‌(Significant Subsequent Events) No applicable items.

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