FY2026 Consolidated Financial Results

November 11, 2026

FY2026 Consolidated Financial Results [Japanese GAAP]

Listed company name: CyberAgent, Inc. Listed stock exchange: TSE Prime Market Code Number: 4751 URL https://www.cyberagent.co.jp/en/

Representative: Takahiro Yamauchi, Representative Director, President

Inquiries: Go Nakayama, Senior Managing Executive Officer Tel: +81-3-5459-0202 Scheduled date of the Annual General Meeting of Shareholders: December 18, 2026

Scheduled date of dividend payment start: December 21, 2026 Scheduled filing date of the Annual Securities Report: December 18, 2026 Preparation of Supplementary Materials for Financial Results: Yes

Holding the briefing of financial results: Yes (streaming only)

(Amounts less than one million rounded down)

1. Consolidated Financial Results (October 1, 2025 - September 30, 2026)

   1. Consolidated results of operations (% = Year on Year Change.)

      	Net sales		Operating income		Ordinary income		Net income attributable to owners of the parent
      Fiscal year ended	¥ million	%	¥ million	%	¥ million	%	¥ million	%
      September 30, 2026	970,618	11.1	77,249	7.7	78,884	10.0	43,001	35.8
      September 30, 2025	874,030	9.1	71,702	78.9	71,743	80.6	31,667	98.2

      Note: FY ended September 30, 2026 Comprehensive income: ¥50,550 million (19.1%) FY ended September 30, 2025 Comprehensive income: ¥42,430 million (64.4%)

      	Basic earnings per share	Diluted earnings per share	Return on shareholders' equity	Ordinary income on total assets	Operating income margin
      Fiscal year ended	¥	¥	%	%	%
      September 30, 2026	84.81	80.02	22.0	13.7	8.0
      September 30, 2025	62.52	58.96	18.9	13.4	8.2

      Note: FY Ended September 30, 2026 Equity in gain (loss) of affiliated companies: ¥169 million FY Ended September 30, 2025 Equity in gain (loss) of affiliated companies: ¥(244) million

   2. Consolidated financial position

      	Total assets	Equity	Shareholders' equity	Shareholders' equity ratio	Equity per share
      As of	¥ million	¥ million	¥ million	%	¥
      September 30, 2026	595,826	300,063	210,251	35.3	414.58
      September 30, 2025	557,162	275,681	179,992	32.3	355.17

   3. 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
   Fiscal year ended	¥ million	¥million	¥ million	¥ million
   September 30, 2026	64,676	(68,444)	(22,117)	200,834
   September 30, 2025	79,518	(30,825)	(33,860)	226,151

2. Dividends

   	Dividends per share					Amount of dividends (Total)	Dividend ratio (Consolidated)	Dividend on equity (Consolidated)
   	1Q	2Q	3Q	Year-End	Annual
   Fiscal year ended September 30, 2025 Fiscal year ended September 30, 2026	¥ - -	¥ 0.00 0.00	¥ - -	¥ 17.00 20.00	¥ 17.00 20.00	¥ million 8,615 10,142	% 27.2 23.6	% 5.1 5.2
   Fiscal year ending September 30, 2027 (Forecast)	-	0.00	-	22.00	22.00		-

3. Consolidated Forecasts (October 1, 2026 to September 30, 2027)

(% = Year on Year Change.)

Note: For detailed information related to the forecast, please refer to "1. Results of Operations (4) Forecast " on page 3.

1. 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. Restatements: None

2. Number of issued shares (common stock)

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

      As of September 30, 2026	507,133,370 shares
      As of September 30, 2025	506,779,600 shares

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

      As of September 30, 2026	1,108 shares
      As of September 30, 2025	1,107 shares

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

1. Non-consolidated results of operations (% = Year on Year Change.)

   	Net sales		Operating income		Ordinary income		Net income
   Fiscal year ended	¥ million	%	¥ million	%	¥ million	%	¥ million	%
   September 30, 2026	441,395	4.9	(5,645)	-	32,873	220.2	32,146	259.7
   September 30, 2025	420,726	(3.3)	(2,553)	-	10,265	(18.2)	8,938	(15.2)

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	¥	¥
   September 30, 2026	63.40	59.84
   September 30, 2025	17.64	16.55

2. Non-consolidated financial position

   	Total assets	Equity	Shareholders' equity	Shareholders' equity ratio	Equity per share
   As of	¥ million	¥ million	¥ million	%	¥
   September 30, 2026	227,425	68,964	66,092	29.1	130.32
   September 30, 2025	214,919	49,136	46,516	21.6	91.78

   *The Consolidated Financial Results are not subject to audit by independent certified public accountants or auditor.

   *Appropriate Use of Earnings Forecast and Other Matters

   The earnings forecast and forward-looking statements in this report 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 Flows 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 Interim Financial Statements 11

(Notes Regarding the Going Concern Assumption) 11

(Notes Regarding Change in Presentation Method) 11

(Notes Regarding Segment Information) 12

(Notes Regarding Information on Value Per Share) 15

(Notes Regarding Significant Subsequent Events) 16

1. Results of Operations
   1. Overview of Results of Operations

      The CyberAgent Group is expanding its business around "ABEMA", a new TV of the future launched in 2016. Recently, the IP business centered on 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".

      For the fiscal year ended September 30, 2026, our three core businesses - Media & IP Business, Internet Advertisement Business, and Game Business - performed strongly. Net sales reached ¥970,618 million (an increase of 11.1% year on year), and have grown continuously for 29 years since our founding. Operating profit significantly exceeded the earnings forecast announced at the beginning of the fiscal year, increasing to ¥77,249 million (an increase of 7.7% year on year). Ordinary profit was ¥78,884 million (an increase of 10.0% year on year), and profit attributable to owners of the parent was ¥43,001 million (an increase of 35.8% year on year), a record high since the Company's founding.

      Earnings by business segments are discussed below.

      1. Media & IP Business

         The Media & IP Business, which includes "ABEMA", "WINTICKET", the Anime & IP Division, Cypic, Inc., and others, has strongly built up revenue in a layered manner. Net sales totaled ¥250,045 million (an increase of 8.0% year on year). Operating income increased significantly and doubled from the previous fiscal year to ¥14,804 million (an increase of 103.0% year on year), driven by improved losses at AbemaTV, Inc. and other factors.

      2. Internet Advertisement Business

         The Internet Advertisement Business includes the Internet Advertisement Division, the AI Division, and others. Leveraging its strengths in sales capabilities and AI technology, net sales reached a record high of ¥487,680 million (an increase of 5.7% year on year). Operating income amounted to ¥18,521 million (an increase of 5.2% year on year), an increase in profit from the previous fiscal year despite continued investment in AI.

      3. Game Business

         The Game Business includes Cygames, Inc., Applibot, Inc., QualiArts, Inc., Colorful Palette Inc., Sumzap, Inc., GOODROID,Inc. and others.

         For the fiscal year ended September 30, 2026, net sales grew significantly by ¥277,365 million (an increase of 28.0% year on year), driven by strong performance of flagship titles and overseas expansion, as well as the success of new titles. Operating income amounted to ¥60,021 million (a decrease of 0.1% year on year).

      4. Investment Development Business

         The Investment Development Business consists of the CyberAgent corporate venture capital business and the fund operations of CyberAgent Capital, Inc. Net sales totaled ¥358 million (a decrease of 78.5% year on year), and operating loss amounted to ¥2,007 million (compared to an operating loss of ¥1,515million in the same period of the previous year).

   2. Overview of Financial Position

      As of September 30, 2026, total assets increased by ¥38,663 million compared to the end of the previous fiscal year and amounted to ¥595,826 million. It is mainly due to an increase in notes and accounts receivable - trade, and contract assets resulting from an increase in net sales.

      Total liabilities increased by ¥14,282 million compared to the end of the previous fiscal year and amounted to ¥295,763 million. It is mainly due to an increase in accounts payable - trade resulting from an increase in net sales.

      Equity increased by¥24,381 million compared to the end of the previous fiscal year and amounted to ¥300,063 million. It is mainly due to an increase in retained earnings owing to the recording of net income attributable to owners of the parent.

   3. Overview of Cash Flows

      As of September 30, 2026, cash and cash equivalents decreased by ¥25,317 million from the end of the previous fiscal year to ¥200,834 million.

      The following is a summary of the major factors affecting the cash flows in this fiscal year.

      1. Cash flows from operating activities

         Net cash provided by operating activities was ¥64,676 million inflow (¥79,518 million inflow in the same period of the previous fiscal year). This was primarily due to the recording of net income gains and income tax payments.

      2. Cash flows from investing activities

         Net cash used in investing activities was ¥68,444 million outflow (¥30,825 million outflow in the same period of the previous fiscal year), primarily due to included payments into time deposits.

      3. Cash flows from financing activities

      Net cash used in financing activities was ¥22,117 million outflow (¥33,860 million outflow in the same period of the previous fiscal year), primarily due to dividends paid to non-controlling interests.

   4. Forecast

   The CyberAgent Group has exceeded the earnings forecasts announced at the beginning of each fiscal year for three consecutive fiscal years, starting with the fiscal year ended September 2024, and has achieved three consecutive years of growth in both net sales and operating income. The earnings forecast for the fiscal year ending September 2027 is based on the information currently available. In addition to consolidated net sales, consolidated operating income, and DOE, which have been the Group's key financial indicators, the Group will set an ROE of 20% as a benchmark, excluding the impact of extraordinary losses and other special factors, from the fiscal year ending September 2027 onward.

   For the fiscal year ending September 2027, the Group forecasts continued double-digit growth in consolidated net sales, with net sales of ¥1,070 billion, up 10.2% year on year; operating income of ¥66 billion; ordinary income of ¥66 billion; and profit attributable to owners of the parent of ¥35 billion.

   The Company regards returning profits to shareholders as a key management priority and intends to continue paying dividends while enhancing shareholder value over the medium to long term through business growth, improvements in capital efficiency, and other measures.

   Accordingly, the Company will maintain its key financial indicator of a DOE of more than 5%, established in the fiscal year ended September 2017, and forecasts a year-end dividend of ¥22 per share for the fiscal year ending September 2027. This matter is scheduled to be submitted to the 30th Annual General Meeting of Shareholders, scheduled to be held in December 2027.

   The forecasts above are based on information currently available, and actual results may differ significantly due to various uncertainties.

2. 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 for comparison with other periods and other companies.

3. Consolidated Financial Statements and Key Notes

1. Consolidated Balance Sheets

   (Millions of yen) As of September 30, 2025 As of September 30, 2026

   Assets

   Current assets

   Cash and deposits 229,849 234,222

(Millions of yen) As of September 30, 2025 As of September 30, 2026

1. Consolidated Statements of income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income

   (Millions of yen)

   Share of profit of entities accounted for using equity method

   -

   169

   Fiscal year ended September 30, 2025

   Fiscal year ended September 30, 2026

   Net sales 874,030 970,618

   Cost of sales 609,978 677,952

   Gross profit 264,051 292,665

   Selling, general and administrative expenses 192,349 215,416

   Operating income 71,702 77,249

   Interest income 400 762

   Non-operating income

   Dividend income 481 482

   Other 741 837

   Foreign exchange gains － 445

   Non-operating expenses

   Total non-operating income 1,622 2,697

   Loss on valuation of investment securities 217 228

   Interest expenses 428 513

   Rental expenses 129 107

   Share of loss of entities accounted for using equity method

   244 －

   Other 362 213

   Provision of allowance for doubtful accounts 199 －

   Ordinary income 71,743 78,884

   Total non-operating expenses 1,581 1,062

   Gain on sale of non-current assets 1,759 4

   Extraordinary income

   Gain on reversal of share acquisition rights 9 956

   Gain on sale of shares of subsidiaries and associates － 534

   Total extraordinary gain 2,319 1,624

   Other 550 128

   Impairment losses 6,319 2,035

   Extraordinary loss

   Loss on valuation of investments in capita － 668

   Loss on valuation of investment securities 394 400

   Total extraordinary loss 7,835 3,909

   Other 1,120 804

   Income taxes-current 25,883 23,944

   Profit before income taxes 66,227 76,599

   Total income tax 24,263 22,022

   Income taxes-deferred (1,620) (1,921)

   Profit attributable to non-controlling interests 10,296 11,575

   Profit 41,964 54,576

   Profit attributable to owners of the parent 31,667 43,001

   Consolidated Statements of Comprehensive Income

   Fiscal year ended

   (Millions of yen) Fiscal year ended

   September 30, 2025 September 30, 2026

   Profit 41,964	54,576
   Other comprehensive income
   Valuation difference on available-for-sale 546	(4,122)
   Foreign currency translation adjustment (110)	73
   Share of other comprehensive income of entities 30	23
   Total other comprehensive income 466	(4,026)
   Comprehensive income 42,430	50,550
   (Comprehensive income attributable to)
   Comprehensive income attributable to owners of 32,180	38,953
   Comprehensive income attributable to 10,250	11,597

   securities

   accounted for using equity method

   parent

   non-controlling interests

2. Consolidated Statements of Changes in Equity

   For the fiscal year ended September 30, 2025

   (Millions of yen)

   	Shareholders'equity
   	Common stock	Capital surplus	Retained earnings	Treasury stock	Total shareholders' equity
   Balance at the beginning of period	7,440	12,296	122,704	(1)	142,439
   Changes during the period
   Issuance of new shares	213	213			427
   Dividends of surplus			(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 of items other than shareholders' equity
   Total changes during the period	213	75	23,556	(0)	23,845
   Balance at end of period	7,654	12,372	146,260	(1)	166,285

   	Accumulated other comprehensive income			Stock acquisition rights	Non-controlling interests	Total Equity
   	Unrealized gain on available-for sales securities	Foreign currency translation adjustments	Total other comprehensive income
   Balance at the beginning of period	12,917	277	13,194	2,644	92,226	250,504
   Changes during the period
   Issuance of new shares						427
   Dividends of surplus						(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 changes of items other than shareholders' equity	634	(122)	512	1,116	(298)	1,330
   Total changes during the period	634	(122)	512	1,116	(298)	25,176
   Balance at end of period	13,551	155	13,707	3,760	91,927	275,681

   For the fiscal year ended September 30, 2026

   (Millions of yen)

   	Shareholders'equity
   	Common stock	Capital surplus	Retained earnings	Treasury stock	Total shareholders' equity
   Balance at the beginning of period	7,654	12,372	146,260	(1)	166,285
   Changes during the period
   Issuance of new shares	95	95			191
   Dividends of surplus			(8,615)		(8,615)
   Purchase of treasury stock				(0)	(0)
   Change in the parent's ownership interest due to transactions with noncontrolling interests		(542)			(542)
   Change in scope of consolidation			271		271
   Net income attributable to owners of the parent			43,001		43,001
   Net changes of items other than shareholders' equity
   Total changes during the period	95	(446)	34,657	(0)	34,306
   Balance at end of period	7,749	11,926	180,918	(1)	200,592

   	Accumulated other comprehensive income			Stock acquisition rights	Non-controlling interests	Total Equity
   	Unrealized gain on available-for sales securities	Foreign currency translation adjustments	Total other comprehensive income
   Balance at the beginning of period	13,551	155	13,707	3,760	91,927	275,681
   Changes during the period
   Issuance of new shares						191
   Dividends of surplus						(8,615)
   Purchase of treasury stock						(0)
   Change in the parent's ownership interest due to transactions with noncontrolling interests						(542)
   Change in scope of consolidation						271
   Net income attributable to owners of the parent						43,001
   Net changes of items other than shareholders' equity	(4,144)	96	(4,047)	(719)	(5,157)	(9,925)
   Total changes during the period	(4,144)	96	(4,047)	(719)	(5,157)	24,381
   Balance at end of period	9,407	251	9,659	3,041	86,770	300,063

3. Consolidated Statements of Cash Flows

   Fiscal year ended September 30, 2025

   (Millions of yen)

   Fiscal year ended September 30, 2026

   Cash flows from operating activities

   Profit before income taxes 66,227 76,599

   Depreciation 9,115 14,182

   Impairment losses 6,319 2,035

   Gain on sale of non-current assets (1,759) (4)

   Loss on valuation of investments in capital － 668

   Gain on reversal of share acquisition rights (9) (956)

   Decrease (increase) in operational investment securities 1,356 232

   Decrease (increase) in prepaid expenses (5,682) (4,886)

   Decrease (increase) in inventories 2,234 (1,052)

   Increase (decrease) in accounts payable - other 4,947 422

   Increase (decrease) in trade payables 7,178 18,988

   Other, net 9,275 3,701

   Increase (decrease) in accrued consumption taxes 1,372 (3,384)

   Interest and dividends received 761 1,146

   Subtotal 94,011 94,978

   Income taxes paid (14,828) (30,935)

   Interest paid (426) (513)

   Cash flows from investing activities

   Net cash provided by (used in) operating activities 79,518 64,676

   Purchase of property, plant and equipment, and investment property

   (10,717) (11,926)

   Purchase of investment securities (1,886) (3,305)

   Purchase of intangible assets (17,060) (18,541)

   Proceeds from withdrawal of time deposits － 5,000

   Payments into time deposits (5,000) (35,000)

   Payments for investments in capital (3,636) (3,234)

   Purchase of shares of subsidiaries and associates － (2,380)

   Net cash provided by (used in) investing activities (30,825) (68,444)

   Other, net (282) 937

   Net increase (decrease) in short-term borrowings (0) 1,240

   Cash flows from financing activities

   Repayments of long-term borrowings (5,783) (3,249)

   Proceeds from long-term borrowings 9,890 5,899

   Proceeds from share issuance to non-controlling shareholders － 2,460

   Redemption of convertible-bond-type bonds with subscription rights to shares

   (20,000) －

   Dividends paid to non-controlling interests (395) (14,644)

   Dividends paid (8,093) (8,605)

   Proceeds from issuance of share acquisition rights 1,050 －

   Purchase of treasury shares of subsidiaries (9,746) (0)

   Purchase of shares of subsidiaries not resulting in change in

   Other, net (420) (61)

   scope of consolidation － －

   Effect of exchange rate change on cash and cash equivalents 184 568

   Net cash provided by (used in) financing activities (33,860) (22,117)

   Cash and cash equivalents at beginning of period 211,135 226,151

   Net increase (decrease) in cash and cash equivalents 15,016 (25,317)

   Cash and cash equivalents at the end of period 226,151 200,834

   Proceeds from sale of property, plant and equipment, and investment property

   7,757

   6

   Decrease (increase) in accounts receivable - trade, and contract assets

   (6,562)

   (11,567)

4. Notes to Consolidated Financial Statements (Notes Regarding the Going Concern Assumption)

None

(Consolidated Statement of income)

Rental income, which was presented separately under non-operating income in the previous fiscal year, has been included in "Other" in the current fiscal year because it accounted for 10% or less of total non-operating income. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥257 million presented as "Rental income" under non-operating income in the previous fiscal year has been reclassified into "Other."

Rental expenses, which were included in "Other" under non-operating expenses in the previous fiscal year, have been presented separately in the current fiscal year because they exceeded 10% of total non-operating expenses. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥492 million presented as "Other" under non-operating expenses in the previous fiscal year has been reclassified into "Rental expenses" of ¥129 million and "Other" of ¥362 million.

Gain on reversal of share acquisition rights, which was included in "Other" under extraordinary income in the previous fiscal year, has been presented separately in the current fiscal year because it exceeded 10% of total extraordinary income. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

Gain on sale of investment securities, which was presented separately under extraordinary income in the previous fiscal year, has been included in "Other" in the current fiscal year because it accounted for 10% or less of total extraordinary income. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥171 million presented as "Other" under extraordinary income in the previous fiscal year has been reclassified into ¥9 million of "Gain on reversal of share acquisition rights" and ¥161 million of "Other," and ¥389 million presented as "Gain on sale of investment securities" under extraordinary income has been reclassified into "Other."

Loss on valuation of investment securities, which was included in "Other" under extraordinary losses in the previous fiscal year, has been presented separately in the current fiscal year because it exceeded 10% of total extraordinary losses. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥1,515 million presented as "Other" under extraordinary losses in the previous fiscal year has been reclassified into "Loss on valuation of investment securities" of ¥394 million and "Other" of ¥1,120 million.

(Consolidated Statement of Cash Flows)

Gain on reversal of share acquisition rights, which was included in "Other" under cash flows from operating activities in the previous fiscal year, has been presented separately in the current fiscal year due to its increased materiality. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥9,265 million presented as "Other" under cash flows from operating activities in the previous fiscal year has been reclassified into "Gain on reversal of share acquisition rights" of ¥(9) million and "Other" of ¥9,275 million.

Net increase (decrease) in short-term borrowings, Dividends paid to non-controlling interests, and Purchase of shares of subsidiaries not resulting in change in scope of consolidation, which were included in "Other" under cash flows from financing activities in the previous fiscal year, have been presented separately in the current fiscal year due to their increased materiality. The consolidated financial statements for the previous fiscal year have been reclassified to reflect this change in presentation.

As a result, ¥(1,177) million presented as "Other" under cash flows from financing activities in the previous fiscal year has been reclassified into "Net increase (decrease) in short-term borrowings" of ¥(0) million, "Dividends paid to non-controlling interests" of ¥(395) million, "Purchase of shares of subsidiaries not resulting in change in scope of consolidation" of ¥(359) million, and "Other" of ¥(420) million.

1. Segment Information

   1. 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 by business headquarters and subsidiaries and classified into four reportable segments, namely, media & IP business, internet advertisement business, game business, and investment development business.

      Principal services provided by each reportable segment are summarized below:

      Reportable Segment	Details of Services Belonging to the Segment
      Media & IP Business	ABEMA, WINTICKET, Anime and IP, etc.
      Internet Advertisement Business	Advertisement Division and AI Division, etc.
      Game Business	Game application for smartphone and PC, etc.
      Investment Development Business	Corporate venture capital, etc.

   2. 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.

   3. Information about net sales, profit (loss), assets, liabilities and other items of each reportable segment, including disaggregation of revenue

      Fiscal year ended September 30, 2025 (October 1, 2024 to September 30, 2025)

      (Millions of yen)

      	Reportable Segment					Reconciliations*	Consolidated
      	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 Inter-segment sales or transfers	217,164 14,378	438,811 22,409	216,391 319	1,663 0	874,030 37,107	- (37,107)	874,030 -
      Total	231,543	461,220	216,710	1,663	911,138	(37,107)	874,030
      Segment profit (loss)	7,291	17,602	60,063	(1,515)	83,442	(11,740)	71,702

      * Reconciliations of ¥(11,740) million represent corporate general and administrative expenses not allocable to a reportable segment.

      **The amount of revenue other than "Revenue from contracts with customers" is insignificant. The Company does not report it separately from "Revenue from contracts with customers".

      Fiscal year ended September 30, 2026 (October 1, 2025 to September 30, 2026)

      (Millions of yen)

      	Reportable Segment					Reconciliations*	Consolidated statement of Income
      	Media & IP Business	Internet Advertisement Business	Game Business	Investment Development Business	Total
      Net Sales Revenue from contracts with customers** Sales to external customers Inter-segment sales or transfers	232,290 232,290 17,754	461,027 461,027 26,652	276,942 276,942 423	358 358 -	970,618 970,618 44,830	- - (44,830)	970,618 970,618 -
      Total	250,045	487,680	277,365	358	1,015,449	(44,830)	970,618
      Segment income (loss)	14,804	18,521	60,021	(2,007)	91,340	(14,090)	77,249

      * Reconciliations of ¥(14,090) million represent corporate general and administrative expenses not allocable to a reportable segment.

      **The amount of revenue other than "Revenue from contracts with customers" is insignificant. The Company does not report it separately from "Revenue from contracts with customers".

2. Related information

   Fiscal year ended September 30, 2025 (October 1, 2024 to September 30, 2025)

   1. Information on each product and each service

      The description is omitted because the same information is disclosed in the segment information.

   2. Geographical information

      1. Sales

         The description is omitted because the sales to external customers in Japan exceeded 90% of the consolidated net sales.

      2. 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.

   3. Information on major customers

   The description is omitted because there is no single customer that accounts for over 10% of consolidated net sales.

   Fiscal year ended September 30, 2026 (October 1, 2025 to September 30, 2026)

   1. Information on each product and each service

      The description is omitted because the same information is disclosed in the segment information.

   2. Geographical information

      1. Sales

         (Millions of yen)

         Japan	Other	Total
         859,682	110,936	970,618

         Note: Net sales are classified by country or region based on the location of customers.

      2. 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.

   3. Information on each major customers

   The description is omitted, because there is no single customer that accounts for over 10% of consolidated net sales.

3. Significant loss on impairment of non-current assets

   Fiscal year ended September 30, 2025 (October 1, 2024 to September 30, 2025)

   (Millions of yen)

   	Reportable Segment					Corporate/ Elimination	Total
   	Media & IP Business	Internet Advertisement Business	Game Business	Investment Development Business	Subtotal
   Impairment loss	301	399	5,612	-	6,313	5	6,319

   Fiscal year ended September 30, 2026 (October 1, 2025 to September 30, 2026)

   (Millions of yen)

   	Reportable Segment					Corporate/ Elimination	Total
   	Media & IP Business	Internet Advertisement Business	Game Business	Investment Development Business	Subtotal
   Impairment loss	456	433	1,145	-	2,035	0	2,035

4. Amortization and remaining balance of goodwill by reportable segments

   Fiscal year ended September 30, 2025 (October 1, 2024 to September 30, 2025)

   (Millions of yen)

   	Reportable Segment					Corporate/ Elimination	Total
   	Media & IP Business	Internet Advertisement Business	Game Business	Investment Development Business	Subtotal
   Amortization of goodwill	794	-	61	-	856	-	856
   Remaining balance	13,756	-	138	-	13,894	0	13,894

   Fiscal year ended September 30, 2026 (October 1, 2025 to September 30, 2026)

   (Millions of yen)

   	Reportable Segment					Corporate/ Elimination	Total
   	Media & IP Business	Internet Advertisement Business	Game Business	Investment Development Business	Subtotal
   Amortization of goodwill	785	-	58	-	843	0	843
   Remaining balance	13,272	-	373	-	13,646	-	13,646

5. Significant gains on negative goodwill

   Fiscal year ended September 30, 2025 (October 1, 2024 to September 30, 2025) None

   Fiscal year ended September 30, 2026 (October 1, 2025 to September 30, 2026) None

   (Notes Regarding Information on Value Per Share)

   	Fiscal year ended September 30, 2025	Fiscal year ended September 30, 2026
   Equity per share	¥355.17	¥414.58
   Basic earnings per share	¥62.52	¥84.81
   Diluted earnings per share	¥58.96	¥80.02

   Note:The basis for calculating basic earnings per share and diluted earnings per share is as follows.

   	Fiscal year ended September 30, 2025	Fiscal year ended September 30, 2026
   Basic earnings per share
   Net income attributable to owners of the parent (¥ million)	31,667	43,001
   Net income not attributable to common shareholders (¥ million)	-	-
   Net income attributable to common shareholders of the parent (¥ million)	31,667	43,001
   Weighted-average number of common stock (shares)	506,492,578	507,023,303
   Diluted earnings per share
   Adjustment on net income attributable to owners of the parent (¥ million)	-79	-92
   (Interest income, net of tax) (¥ million)	(-70)	(-59)
   (Dilutive shares issued by subsidiaries) (¥ million)	(-8)	(-32)
   Increase in number of common stock (shares)	29,219,406	29,153,234
   (Convertible Bond) (shares)	(26,542,800)	(26,509,622)
   (Stock acquisition rights) (shares)	(2,676,606)	(2,643,612)
   Potential common stock that are anti-dilutive and therefore excluded from the calculation of diluted earnings per share	-	-

   (Notes Regarding Significant Subsequent Events)

   （Purchase of treasury stock）

   The Company announces that, at a meeting of the Board of Directors held on November 11, 2026, it has resolved the matters concerning the share repurchases pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act.

   1. Reason for the share repurchases

      Aiming for an ROE of 20% as a benchmark (excluding special factors such as extraordinary losses) from the fiscal year ending September 2027 onward, the Company has determined that it will acquire its own shares to implement an agile capital strategy and further improve capital efficiency.

   2. Details of the matter

      （1） Class of shares	Common shares
      （2） Total number of shares to be repurchased	10,000,000 shares (Maximum) (1.97% of the total number of issued shares, excluding treasury shares)
      （3） Total amount	12 billion yen (Maximum)
      （4） Period	From November 12, 2026, to the earlier of:
      （5） Method	Market purchases on the Tokyo Stock Exchange based on a discretionary investment contract

      1. January 29, 2027

      2. The date on which either the total number of shares to be repurchased or the total purchase amount reaches its maximum limit

      Depending on investment opportunities, market environment, and other factors, it is possible that no share repurchases, or a share repurchase of only a portion of the above, will be carried out.

      • (Reference) Holding status of treasury shares as of September 30, 2026