Id Holdings CorporationTSE: 4709

Financial Results Presentations 1Q(25/4/1-25/6/30)

Aug 14, 2025 at 8:36 AM UTC · Issued by Id Holdings Corporation

President, Representative Director

and Group CEO

Masaki Funakoshi

TSE Prime Market

Code

4709

‌ID Holdings Corporation April 1, 2025 - June 30, 2025 Financial Results Presentations‌

Our website can be accessed from the QR Code.

August 14, 2025

‌Overview of Financial Results for Q1

Net Sales ¥9,672 million (+14.0% YoY)

Change or Die !

⊕ Application development, IT infrastructure and cybersecurity* trended firmly.

Operating Income ¥1,009 million (+38.3% YoY)

Operating Income Margin 10.4% (+1.8P YoY)

⊝ Returns to employees increased, as did expenses for strategic investment in personnel training and retention.

⊕ Growth in net sales and decline in amount of amortization of goodwill

* Beginning in FY2025, the service formerly named "software development" is renamed "application development" and the service formerly named "cybersecurity, consulting and training" is split into two services, "cybersecurity" and "consulting and training". The changes in service names do not entail any change in operational content of the services.

2025.6

2024.6

‌Financial Results (Consolidated)

( million)

9,672

YoY

Diff.

(% of net sales)

Results

(% of net sales)

Results

Net sales 8,487 - 1,185 +14.0%

73.3%

7,086

Cost of sales 6,502 76.6% 584 +9.0%

1,104

1,576

26.7%

2,585

Gross profit 1,984 23.4% 601 +30.3%

Change or Die !

SG&A expenses 1,255 14.8%

EBITDA1 893 10.5%

Operating income 729 8.6%

321 +25.6%

11.4%

16.3%

210 +23.6%

10.4%

279 +38.3%

1,009

Ordinary income 799 9.4%

10.5%

1,012

Net income attributable to

212 +26.6%

37.02

owners of parent

451 5.3%

170 +37.8%

6.4%

622

Earnings per share (EPS) () 26.97 -

EPS before amortization

of goodwill2() 33.60 -

10.05 -

6.42 -

40.02

EBITDA = Operating income + Depreciation + Amortization of goodwill
EPS before amortization of goodwill = (Net income attributable to owners of parent + Amortization of goodwill) ÷ Interim average number of shares

‌Net Sales by Service

（¥ million）

7,819

Change or Die !

361

351

694

2,784

3,568

+60.4%

+7.8%

+27.0%

+21.8%

+6.1%

+5.3%

8,487

389

446

845

2,953

3,758

+92.6%

-14.4%

+46.9%

+37.3%

+17.3%

+3.2%

9,672

	Focus areas ¥2,150 million (+27.9％ YoY)		Consulting and Training (Share of net sales: 3.4%) ⊝ Conclusion of projects with some customers and reduction in order acceptance for training

			Cybersecurity (Share of net sales: 6.8%) ⊕ Expansion in order acceptance from public-sector-related and various other customers as well as capture of new, high-margin projects


			IT Infrastructure (Share of net sales: 12.0%) ⊕ Capture of new projects and expansion of transactions with finance- and energy-related customers and with major IT vendors
	Base areas ¥7,342 million (+9.4％ YoY)		Application Development (Share of net sales: 35.8%) ⊕ Expansion in order acceptance from customers related to finance, energy and manufacturing as well as expanded transactions with major IT vendors as a result of strengthened sales efforts ⊕ Revision of prices to optimize price structures
			System Management (Share of net sales: 40.1%) ⊕ Expansion in order acceptance from finance-related customers and major IT vendors ⊝ Downsizing of some projects

179

333

655

1,161

3,465

3,876

2023.6 2024.6 2025.6

System Management ■ Application Development
IT Infrastructure ■ Cybersecurity
Consulting and Training ■ Others

‌Gross Profit by Service

System Management

Application Development

1,200

1,002

40.0%

45.0%

919

940

35.0%

1,000

40.0%

1,000

805

30.0%

35.0%

24.3%

800

589

28.9%

30.0%

25.0%

22.6%

24.5%

583

25.0%

600

20.0%

19.9%

15.0%

400

20.9%

400

15.0%

10.0%

200

5.0%

0.0%

2023.6

2024.6

2025.6

2023.6

2024.6

2025.6

■■ Gross profit (¥ million)

Change or Die !

Gross profit margin

IT Infrastructure

Cybersecurity

Consulting and Training

197

70.0%

299

200

60.0%

172 156

60.0%

300

241

245

50.0%

150

131

50.0%

200

40.0%

47.7%

40.2%

40.0%

39.5%

150

34.8%

29.0%

25.8%

30.0%

100

30.2%30.0%

30.0%

100

20.0%

18.1%

15.0%

20.0%

10.0%

0.0%

2023.6

2024.6

2025.6

0.0%

2023.6

2024.6

2025.6

2023.6 2024.6

2025.6

Major Customers (Non-Finance) (Share of net sales: 21.4%)

⊕ Acceptance of orders for multiple new projects from energy-related customers

⊕ Acceptance of orders for application development projects from

manufacturing-related customers

‌Net Sales by Strategic Alliances

The ID Group secures a stable earnings base by maintaining a balance between direct contracts (about 60%) and projects through major SIers (about 40%).

(¥ million)

Figures in parentheses

8,487

1,401

1,748

+4.0%

+18.6%

9,672

1,457

2,073

Direct transactions

Major Customers (Finance) (Share of net sales: 28.7%)

⊕ Expansion of acceptance of orders for transfer and construction of cloud platforms ⊕ Acceptance of orders for major projects in application development

Strategic Partners (Share of net sales: 6.7%)

⊝ Conclusion of projects in application development, etc.

and IT infrastructure

Change or Die !

2,283

673

647

1,732

+21.5%

-4.3%

+11.3%

+15.5%

2,774

644

721

2,000

Through major SIers

Hitachi Group (Share of net sales: 7.5%)

⊕ Expansion of order acceptance in application development, IT infrastructure, etc.

IBM Group (Share of net sales: 20.7%)

・The figures in parentheses in the graph indicate the share of net sales.

⊕ Acceptance of orders for multiple new projects in IT infrastructure ⊕ Expansion of acceptance of orders for application development projects from energy-related customers ⊕ Acceptance of orders for new security projects from public-sector-related customers

2024.6 2025.6

IBM Group ■ Hitachi Group ■ Strategic Partners
Major Customers (Finance) ■ Major Customers (Non-Finance) ■ Others

Note: Beginning in the fiscal year under review, accounting categories are changed for some customers. Net sales in the previous fiscal year are calculated based on categories after the change.

2024.6 2025.6

IBM Japan (development projects)

			621 (6.4%)
	422
	499		449 (4.6%)
	810		930 (9.6%)

MI Digital Services (operational projects)
Kyndryl Japan (operational projects)

‌Net Sales Composition by End-user Industry

Transactions with the financial sector account for about 50% of net sales.

(¥ million)

Figures in parentheses

indicate % of net sales

Transportation Others

Change or Die !

( million)	2025 .6	(% of net s ales )	Yo Y
Finance	4,397	45.5%	+503	+12.9%
Energy, public sector	1,945	20.1%	+358	+22.6%
Manufacturing	949	9.8%	+131	+16.1%
Information & Communication	808	8.4%	+110	+15.8%
Transportation	338	3.5%	-35	-9.5%
Others*	1,232	12.7%	+117	+10.5%
Total	9,672	100.0%	+1,185	+14.0%

Information & Communication

338

(3.5%)

808

(8.4%)

949

(9.8%)

1,232

(12.7%)

Finance

4,397

(45.5%)

*"Media", "Healthcare", "Construction, Real estate", "Wholesale, Retail, Restaurants", etc.

Note: Accounting categories may be changed according to status of corporate clients.

(Net sales in the previous fiscal year are calculated based on categories after the change.)

Manufacturing

1,945

(20.1%)

Energy, public sector

Change or Die !

‌Operating Income Analysis (YoY)

2024.6

2025.6

Main Reasons in Changes

（¥ million）

Results

Diff.

Gross profit

1,984

2,585

+601

・Increase in net sales +1,185

・Increase in cost of sales +584

-Subcontract expenses +423

-Labor cost +95

-Purchases +63

SG&A expenses

1,255

1,576

+321

・Increase in personnel cost +290

-Advancing returns to employees

・Increase/decrease in other expenses +31

-Increase in strategic investment to train and secure personnel

-Decrease in amortization of goodwill

etc.

Operating income

729

1,009

+279

‌Analysis of Balance-sheet Factors

2025.3

(¥ million)

Main Factors

・Cash and deposits

decreased

-483

・Accounts receivable

-trade decreased

-475

・Investment securities increased

+121

Main Factors

・Income taxes payable decreased

-1,045

・Provision for bonuses

decreased

-610

・Other current liabilities increased

+479

・Contract liabilities

increased

+114

2025.6

Net assets 13,573

Liabilities 7,762

Assets 21,336

Net assets 13,615

Liabilities

8,874

Assets 22,490

Change or Die !

Equity Ratio: 63.3％ Current Ratio: 198.4％ Goodwill: ¥425 million

‌Order Backlog by Service (Cumulative)

10,344

(¥ million)

Change or Die !

■ 2024.6 ■ 2025.6

6,036

4,596

2,754

1,902

2,365

1,291

1,165

1,188

628

182

131

Total

System Management

Application

Development

IT Infrastructure

Cybersecurity

Consulting and

Training

Others

Change or Die !

‌Forecast of Consolidated Financial Results for FY2025 (YoY)

2025.3

2026.3

（¥ million）

Results

(% of net sales)

Plan

(% of net sales)

Diff.

YoY

Net sales EBITDA

Operating income Ordinary income

Net income attributable to owners of parent

Earnings per share (EPS)()

EPS before amortization of goodwill ()

36,274

4,390

3,780

3,862

2,389

142.54

165.43

-12.1%

10.4%

10.6%

6.6%

38,500

+2,225

+6.1%

4,440

11.5%

+49

+1.1%

4,000

10.4%

+219

+5.8%

4,010

10.4%

+147

+3.8%

2,410

6.3%

+20

+0.8%

143.27

+0.73

155.27

-10.16

Cash flows from operating activities

3,557

3,340

-216

‌Disclaimer

This presentation material contains statements and information about future forecasts, including financial projections, strategies and business plans of ID Holdings Corporation.

Forecasts and plans contained in these non-historical information are based on our judgment in accordance with the information available at the time of publication.

Change or Die !

These forward-looking statements and information also incorporate potential risks and uncertainties caused by changing economic trends, the competitive environment, and other factors. The Company's actual results, business development progress, and financial situation may differ significantly from forward-looking statements and information contained herein, due to competition in the industry, market demand, exchange rates, and other socioeconomic and political factors.

This English translation is only for reference purpose. When there are any discrepancies between original Japanese version and

English translation version, the original Japanese version always prevails.

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