INTAGE : Summary of Consolidated Financial Results for the Fiscal Year Ended June 30, 2025 (Japanese GAAP)362KB

Published August 5, 2025 at 7:20 a.m. UTC

Source: MarketScreener

Summary of Consolidated Financial Results

for the Fiscal Year Ended June 30, 2025 (Japanese GAAP)

Company name: INTAGE HOLDINGS Inc. Stock exchange listing: Tokyo

August 5, 2025

Code number: 4326 URL https://www.intageholdings.co.jp/ Representative: Yoshiya Nishi, President and Representative Director

Contact person: Toru Takeuchi, Director TEL: +81-3-5294-7411 Planned date of annual general meeting of shareholders: September 25, 2025 Planned start of dividend payments: September 26, 2025

Planned filing of annual securities report: September 24, 2025 Preparation of supplementary explanations of financial results: Yes

Financial results presentation held: Yes (for institutional investors and analysts)

(Amounts are rounded off to nearest million yen.)

Consolidated Financial Results for the Fiscal Year Ended June 30, 2025 (July 1, 2024 to June 30, 2025)

Consolidated Operating Results (Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Year ended June 30, 2025	65,571	3.6	4,241	28.9	4,131	16.6	3,505	42.7
Year ended June 30, 2024	63,279	3.1	3,289	-13.1	3,543	-13.0	2,456	-29.9

(Note) Comprehensive income: Year ended June 30, 2025: ¥3,388 million (13.4%)

Year ended June 30, 2024: ¥2,987 million (-16.7%)

	Profit per share	Profit per share after dilution	Return on equity	Ordinary profit to total assets	Operating profit to net sales
	Yen	Yen	%	%	%
Year ended June 30, 2025	91.83	-	10.7	9.0	6.5
Year ended June 30, 2024	64.47	-	7.8	7.9	5.2

(Reference) Share of profit (loss) of entities accounted for using equity method: Year ended June 30, 2025: ¥4 million

Year ended June 30, 2024: ¥175 million

(Note) For the purpose of calculating profit per share, the number of shares of the Company held in trust for directors' compensation was included in the number of treasury shares, which was to be deducted from the calculation of the average number of shares during the period.

Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
As of June 30, 2025	46,922	33,321	70.6	867.52
As of June 30, 2024	45,318	32,439	71.1	844.73

(Reference) Total shareholders' equity: As of June 30, 2025: ¥33,128 million

As of June 30, 2024: ¥32,208 million

Consolidated Cash Flows

	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
	Millions of yen	Millions of yen	Millions of yen	Millions of yen
Year ended June 30, 2025	6,429	910	-2,734	16,492
Year ended June 30, 2024	1,972	-705	-2,159	11,940

Dividends

	Dividend per share					Dividends total (annual)	Payout ratio (consolidated)	Ratio of dividends to net assets (Consolidated)
	1Q-end	2Q-end	3Q-end	Year-end	Total	Dividends total (annual)	Payout ratio (consolidated)	Ratio of dividends to net assets (Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Year ended June 30, 2024	-	0.00	-	43.00	43.00	1,656	66.7	5.2
Year ended June 30, 2025	-	22.50	-	22.50	45.00	1,733	49.0	5.3
Year ending June 30, 2026 (Forecast)	-	24.00	-	24.00	48.00		57.3

(Note) The total dividends include dividends paid to the Company's shares held in trust for directors' compensation (¥14 million for the fiscal year ended June 30, 2025 and ¥16 million for the fiscal year ended June 30, 2024).

Consolidated Earnings Forecasts for the Fiscal Year Ending June 30, 2026 (July 1, 2025 to June 30, 2026)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Profit per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Interim period (Cumulative)	32,500	1.5	2,000	12.3	2,000	14.7	1,000	-50.4	26.20
Full year	70,000	6.8	5,600	32.0	5,500	33.1	3,200	-8.7	83.80

Notes
1. Significant changes in scope of consolidation during the period
  (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes New consolidated companies: 1 company (Company name) DOCOMO InsightMarketing, INC Excluded: - company (Company name)
2. Changes in accounting policies, changes in accounting estimates and restatement of prior period financial statements
  1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
  2. Changes in accounting policies due to other reasons: None
  3. Changes in accounting estimates: None
  4. Restatement of prior period financial statements: None
3. Number of shares issued and outstanding (common shares)

1) Number of shares issued at the end of the period (including treasury shares)	As of June 30, 2025	40,426,000	As of June 30, 2024	40,426,000
2) Number of treasury shares at the end of the period	As of June 30, 2025	2,237,920	As of June 30, 2024	2,296,620
3) Average number of shares during the period	Year ended June 30, 2025	38,170,350	Year ended June 30, 2024	38,108,976

(Reference) Overview of non-consolidated financial results

Non-Consolidated Financial Results for the Fiscal Year Ended June 30, 2025 (July 1, 2024 to June 30, 2025)

Non-Consolidated Operating Results (Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Year ended June 30, 2025	4,196	-10.3	1,781	-8.6	1,569	-20.4	1,409	-33.1
Year ended June 30, 2024	4,675	-4.1	1,948	-25.0	1,971	-24.6	2,107	-32.1

	Profit per share	Profit per share after dilution
	Yen	Yen
Year ended June 30, 2025	36.92	-
Year ended June 30, 2024	55.29	-

Non-Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
As of June 30, 2025	24,693	16,478	66.8	432.69
As of June 30, 2024	23,680	17,564	74.2	460.66

(Reference) Total shareholders' equity: As of June 30, 2025: ¥16,523 million

As of June 30, 2024: ¥17,564 million

This financial results report is outside the scope of review procedures by certified public accountants or auditing firms.
Explanation on the appropriate use of earnings forecasts and other special notes

The forward-looking statements made in this document, including the earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual performance and other results may differ materially owing to various factors.

Table of Contents of the Attached Material
1. Overview of Consolidated Financial Results, etc 2
  1. Overview of Operating Results for the Fiscal Year under Review 2
  2. Overview of Financial Position for the Fiscal Year under Review 3
  3. Overview of Cash Flows for the Fiscal Year under Review 4
  4. Outlook 4
2. Basic Approach towards Selection of Accounting Standards 5
3. Consolidated Financial Statements and Notes Thereto 6
  1. Consolidated Balance Sheet 6
  2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 8
  3. Consolidated Statement of Changes in Equity 10
  4. Consolidated Statement of Cash Flows 12
  5. Notes to Consolidated Financial Statements 14

(Note on assumptions for going concern) 14

(Changes in accounting policy) 14

(Segment information) 14

(Per share information) 16

(Significant subsequent events) 16

‌Overview of Consolidated Financial Results, etc.‌
1. ‌Overview of Operating Results for the Fiscal Year under Review‌
  During the fiscal year under review (July 1, 2024 to June 30, 2025), the Japanese economy has maintained a modest recovery, partly due to various government policies while the employment and income environment improved. In addition, the economies of the Asian region where the Group operates continued to stall in China, but there were signs of recovery in other countries.
  On the other hand, the environment surrounding the Group's customers requires caution because of the increasing risk of an economic downturn due to the impact of U.S. trade policy and the effects of continued price hikes on personal consumption, which could put downward pressure on the Japanese economy.
  In the consolidated fiscal year under review, the second year of the 14th Medium-term Management Plan, the Group has adopted the management policy of "Synergy & Optimization" to realize the Group's basic policy, "Towards New Portfolio as a Data + Technology Company - Creation of New Value." We are promoting the expansion of business areas with the keyword of "Synergy" and the optimization of the Group's management resources with the keyword of "Optimization."
  As described in the Notice of Acquisition of Shares of DOCOMO InsightMarketing, INC (to Make it a Subsidiary) dated April 22, 2024, DOCOMO InsightMarketing, INC, which is a joint venture between DOCOMO and the Company, became our wholly owned subsidiary as of July 1, 2024.
  As described in the Notice of Company Split (Incorporation-type Company Split) by a Consolidated Subsidiary, Transfer of Shares in the Incorporated Company, and Recording of Extraordinary Income dated June 17, 2024, our consolidated subsidiary, INTAGE Healthcare Inc. transferred its CRO business to Alfresa Holdings Corporation on September 2, 2024.
  In the Marketing Support (Consumer Goods & Services) segment, in addition to the growth of existing businesses in Japan, the Company is promoting investments to increase the value provided to customers, to optimize operations, and to revamp SCI. In addition, we will focus on the development of new services and solutions and sales collaboration with NTT DOCOMO, Inc. Overseas, we are strengthening our sales structure through collaboration between domestic and overseas offices.
  In the Marketing Support (Healthcare) segment, we will add healthcare consumer awareness and behavior data to factual data obtained through real-world data, etc. to increase understanding of consumers, for the realization of healthcare decision-making partners. We are also continuing to promote the enhancement of medical real-world data, including the upgrade of the integrated database (CrossFact) due to the importance of the medical consumer perspective.
  In the Business Intelligence segment, we are accelerating business growth by expanding the data integration platform and utilization business, developing solution services to solve common industry issues, and revamping existing client systems that support business transformation as our priority tasks.
  In addition to gain on sale of businesses resulting from the transfer of the CRO business mentioned above, the extraordinary income includes gain on sale of investment securities resulting from the sale of cross-shareholdings. Extraordinary losses include loss on valuation of investment securities incurred by the Company's consolidated subsidiaries (including INTAGE Open Innovation Investment Limited Liability Partnership).
  As a result, the INTAGE Group's consolidated net sales for the fiscal year under review amounted to ¥65,571 million (up 3.6% from the same period of the previous year), with an operating profit of ¥4,241 million (up 28.9%), ordinary profit of ¥4,131 million (up 16.6%), and profit attributable to owners of parent of ¥3,505 million (up 42.7%).
  The results by business segment are described below.
  1. Marketing Support (Consumer Goods & Services)
    In the Marketing Support (Consumer Goods & Services) segment, both sales and profit increased; consolidated net sales of the segment amounted to ¥45,344 million (up 10.1% from the same period of the previous year), with an operating profit of ¥1,435 million (up 23.7%)
    In this segment, panel surveys remained at the previous year's level. The custom research business, INTAGE Research Inc. and Research and Innovation Co., Ltd. achieved steady growth. In addition, DOCOMO InsightMarketing, INC contributed significantly to the increase in sales. In overseas business, dataSpring Inc. and other companies performed well.
    Investment activities progressed as planned and the transition to the new SCI was completed.
    Profits increased due to the effect of higher sales, despite the impact of investment expenses, personnel expenses, and upfront costs associated with the launch of the synergy business with NTT DOCOMO, INC.
  2. Marketing Support (Healthcare)
    In the Marketing Support (Healthcare) segment, sales decreased but profit increased; consolidated net sales of the segment amounted to ¥12,432 million (down 13.3% from the same period of the previous year), with an operating profit of ¥2,133 million (up 25.7%). Profitability improved significantly despite a decline in sales due to the impact of the sale of the CRO business at INTAGE Healthcare Inc.
    In this segment, in the research business, the mainstay of INTAGE Healthcare Inc., custom research and panel surveys in the medical field contributed to higher profits as both maintained higher sales than in the previous year.
  3. Business Intelligence
    In the Business Intelligence segment, both sales and profit increased; consolidated net sales of the segment amounted to ¥7,794 million (up 0.4% from the same period of the previous year), with an operating profit of ¥672 million (up 55.8%).
    In this segment, INTAGE TECHNOSPHERE Inc. saw solid sales in the data integration platform and utilization business, a priority investment area, and sales of solutions for existing client industries exceeded the previous year's level. As for Buildsystem Co., Ltd., sales also remained at a higher level than in the previous year due to strong sales of low-code development projects.
    Profits increased as a result of efforts to improve profitability by reviewing pricing, controlling outsourcing costs, and improving operational efficiency.
2. ‌Overview of Financial Position for the Fiscal Year under Review‌
  (Assets)
  Current assets increased ¥2,527 million from the end of the previous fiscal year to ¥30,533 million. This was mainly due to an increase of ¥3,223 million in cash and deposits, despite decreases of ¥150 million in notes receivable,
  ¥1,005 million in accounts receivable - trade, and ¥226 million in contract assets.
  Non-current assets contracted ¥923 million from the end of the previous fiscal year to ¥16,389 million. This was mainly due to a decrease of ¥3,358 million in investment securities, despite increases of ¥1,857 million in goodwill and ¥423 million in retirement benefit assets.
  As a result, total assets increased by ¥1,604 million to ¥46,922 million. (Liabilities)
  Current liabilities rose by ¥676 million from the end of the previous fiscal year to ¥12,567 million. This was largely due to an increase of ¥943 million in income taxes payable, despite a decrease of ¥272 million in accounts payable
  - trade.
  Non-current liabilities increased ¥46 million from the end of the previous fiscal year, to ¥1,034 million. This was mainly due to an increase of ¥292 million in asset retirement obligations, which was partially offset by decreases of
  ¥100 million in long-term borrowings and ¥114 million in lease liabilities. As a result, total liabilities increased by ¥722 million to ¥13,601 million. (Net assets)
  Total net assets increased by ¥881 million from the end of the previous fiscal year to ¥33,321 million. This was mainly due to an increase of ¥1,044 million in retained earnings, which offset a decrease of ¥137 million in valuation difference on available-for-sale securities.
3. ‌Overview of Cash Flows for the Fiscal Year under Review‌
  The status of cash flows at the end of the fiscal year under review and the primary factors responsible for those results are as follows.
  (Cash flows from operating activities)
  Net cash provided by operating activities was ¥6,429 million, as cash inflows such as profit before income taxes, depreciation and decrease in trade receivables exceeded cash outflows such as gain on sale of businesses and decrease in trade payables.
  (Cash flows from investing activities)
  Net cash provided by investing activities was ¥910 million, as cash inflows such as proceeds from sale of investment securities and proceeds from sale of businesses exceeded cash outflows such as purchase of intangible assets and purchase of shares of subsidiaries resulting in a change in the scope of consolidation.
  (Cash flows from financing activities)
  Net cash used in financing activities was ¥2,734 million, mainly due to repayments of lease liabilities and dividends paid.
  As a result, cash and cash equivalents at the end of the fiscal year totaled ¥16,492 million, an increase of ¥4,551 million from the end of the previous fiscal year.
4. ‌Outlook‌
Turning to the future outlook, improvements in the employment and income environment and the effects of various policies are expected to support a gradual recovery of the Japanese economy. In addition, looking at the economies of the Asian region where the Group operates, China is likely to remain sluggish, but there are signs of recovery in other countries. On the other hand, the environment surrounding the Group's customers requires caution because of the increasing risk of an economic downturn due to the impact of U.S. trade policy and the effects of continued price hikes on personal consumption, which could put downward pressure on the Japanese economy.
The Group developed the 14th Medium-term Management Plan (three-year plan) which began in the fiscal year ended June 30, 2024, with its basic policy set as "Towards New Portfolio as a Data + Technology Company -Creation of New Value."
The impact of major changes in social conditions in recent years has brought to light a variety of social issues, as consumers' awareness, values, lifestyles, and purchasing behavior have changed dramatically, while the use of new technologies has resulted in a shorter cycle of creation and destruction, accelerating the transformation of society and industrial structures. In addition, long-term changes are also becoming apparent in Japan, such as the declining birthrate, aging population, falling population and shrinking workforce.
The Group recognizes that major changes in social conditions and major technological advancements will continue to occur constantly, and that the business environment surrounding our customers will continue to change constantly. For the Group to achieve sustainable growth even under circumstances such as these, we have set a vision for 2030 and, with a long-term perspective, aim to become a company that is needed by society as one that can contribute to the realization of a convenient and prosperous society free from social losses.
The Group will shift to business operations that clearly define "core businesses" and "growth businesses" and will seek to adopt the optimal formation, including the consolidation and elimination of organizations and functions, in order to enhance the Group's overall strength. We will encourage a shift from diversification to integration, building an organization that facilitates an optimal allocation of management resources and allocating resources to businesses that are expected to grow over the medium to long term. In addition, as part of the Group's medium- to long-term growth strategy, we will continue to promote the realization of synergies and sales and data collaboration with NTT DOCOMO, INC. Through this initiative, we expect to accelerate the capability of "data collection," "data valorization," and "structuring of data utilization," which the Group has cultivated over many years, and to expand into areas other than the existing marketing support business. We will aim to create a new value demonstration with a view to 2030.
In addition, we will accelerate the promotion of corporate governance and security compliance, which are considered important in ESG investment, aiming to build a good relationship with the capital market. Meanwhile, as part of our
efforts toward the SDGs, we will work to preserve the environment in which data is used and contribute to the realization of a healthy and sustainable society by constantly improving the value of the use of data that connects the perspectives of our customers and consumers.
As a result of the above measures, the Company forecasts net sales in the consolidated fiscal year ending June 30, 2026 of ¥70,000 million (up 6.8% year on year), operating profit of ¥5,600 million (up 32.0%), ordinary profit of
¥5,500 million (up 33.1%), and profit attributable to owners of parent of ¥3,200 million (down 8.7%).
‌Basic Approach towards Selection of Accounting Standards‌
The Group currently prepares consolidated financial statements using Generally Accepted Accounting Principles in Japan to permit comparisons with prior years and with the financial data of other companies. With respect to the International Financial Reporting Standards (IFRSs) the Company will address the issue appropriately with consideration to the various circumstances in Japan and overseas.
‌Consolidated Financial Statements and Notes Thereto‌

‌Consolidated Balance Sheet‌

(Thousands of yen)

	Previous consolidated fiscal year (As of June 30, 2024)	Consolidated fiscal year under review (As of June 30, 2025)
Assets
Current assets
Cash and deposits	12,045,279	15,269,232
Notes receivable - trade	578,419	427,464
Accounts receivable - trade	10,539,946	9,534,674
Contract assets	295,448	68,717
Merchandise	25,402	21,923
Work in process	1,859,716	1,773,681
Supplies	128,381	79,753
Other	2,538,923	3,365,794
Allowance for doubtful accounts	-6,092	-7,895
Total current assets	28,005,424	30,533,345
Non-current assets
Property, plant and equipment
Buildings and structures	6,438,073	6,676,792
Accumulated depreciation	-5,295,177	-5,350,601
Net buildings and structures	1,142,896	1,326,190
Equipment and fixtures	1,587,977	1,648,356
Accumulated depreciation	-1,296,166	-1,279,628
Net equipment and fixtures	291,810	368,727
Land	1,998,156	1,998,156
Leased assets	823,979	616,215
Accumulated depreciation	-476,372	-408,299
Net leased assets	347,606	207,915
Total property, plant and equipment	3,780,470	3,900,989
Intangible assets
Goodwill	711,421	2,568,963
Other	2,801,911	3,173,261
Total intangible assets	3,513,333	5,742,224
Investments and other assets
Investment securities	5,920,277	2,561,762
Deferred tax assets	1,622,811	1,477,774
Retirement benefit assets	688,061	1,111,165
Other	2,120,386	1,879,095
Allowance for doubtful accounts	-332,260	-283,698
Total investments and other assets	10,019,276	6,746,098
Total non-current assets	17,313,079	16,389,313
Total assets	45,318,504	46,922,658

(Thousands of yen)

Previous consolidated fiscal year (As of June 30, 2024)		Consolidated fiscal year under review (As of June 30, 2025)
Liabilities
Current liabilities
Accounts payable - trade	2,975,988	2,703,933
Current portion of long-term loans payable	-	100,000
Lease liabilities	162,711	120,687
Income taxes payable	288,105	1,231,767
Contract liabilities	941,438	1,060,917
Provision for bonuses	2,199,639	2,315,670
Provision for point card certificates	2,299,060	2,275,174
Other	3,023,704	2,758,984
Total current liabilities	11,890,649	12,567,135
Non-current liabilities
Long-term borrowings	100,000	-
Lease liabilities	233,622	118,887
Provision for share awards	161,096	132,864
Retirement benefit liability	315,774	294,355
Asset retirement obligations	104,675	397,222
Other	72,836	91,139
Total non-current liabilities	988,006	1,034,470
Total liabilities	12,878,655	13,601,605
Net assets
Shareholders' equity
Share capital	2,378,706	2,378,706
Capital surplus	1,796,219	1,796,274
Retained earnings	30,916,440	31,961,063
Treasury shares	-3,381,200	-3,334,616
Total shareholders' equity	31,710,166	32,801,428
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	124,580	-12,747
Foreign currency translation adjustment	711,140	700,872
Remeasurements of defined benefit plans	-336,964	-360,639
Total accumulated other comprehensive income	498,756	327,485
Non-controlling interests	230,926	192,139
Total net assets	32,439,848	33,321,053
Total liabilities and net assets	45,318,504	46,922,658

‌Consolidated Statements of Income and Consolidated Statements of Comprehensive Income‌

Consolidated Statement of Income

(Thousands of yen)

Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)		Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Net sales	63,279,218	65,571,087
Cost of sales	41,279,883	41,062,677
Gross profit	21,999,335	24,508,410
Selling, general and administrative expenses	18,709,346	20,267,239
Operating profit	3,289,989	4,241,171
Non-operating income
Interest income	22,232	25,704
Dividend income	59,716	25,541
Share of profit of entities accounted for using equity method	175,415	4,039
Gain on investments in investment partnerships	13,150	-
Insurance claim and dividend income	17,591	28,240
Reversal of allowance for doubtful accounts	-	40,313
Surrender value of insurance policies	21,635	18,870
Foreign exchange gains	46,649	-
Other	30,070	35,075
Total non-operating income	386,462	177,784
Non-operating expenses
Interest expenses	19,979	7,810
Loss on investments in investment partnerships	-	76,518
Commission expenses	14,182	7,231
Loss on retirement of non-current assets	83,223	26,874
Foreign exchange gains	-	160,685
Provision of allowance for doubtful accounts	10,590	-
Other	5,203	8,817
Total non-operating expenses	133,178	287,938
Ordinary profit	3,543,273	4,131,017
Extraordinary income
Gain on sale of investment securities	-	355,603
Gain on liquidation of subsidiaries	349,277	-
Gain on sale of businesses	-	1,472,509
Total extraordinary income	349,277	1,828,113
Extraordinary losses
Loss on valuation of investment securities	105,057	680,219
Other	-	20,000
Total extraordinary losses	105,057	700,219
Profit before income taxes	3,787,493	5,258,912
Income taxes - current	601,924	1,568,557
Income taxes - deferred	720,443	189,249
Total income taxes	1,322,368	1,757,806
Profit	2,465,125	3,501,105
Profit (loss) attributable to non-controlling interests	8,300	-3,954
Profit attributable to owners of parent	2,456,825	3,505,060

Consolidated Statements of Comprehensive Income

(Thousands of yen)

Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)		Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Profit	2,465,125	3,501,105
Other comprehensive income
Valuation difference on available-for-sale securities	10,146	-73,048
Foreign currency translation adjustment	65,378	-15,403
Remeasurements of defined benefit plans, net of tax	447,157	-23,674
Total of other comprehensive income	522,681	-112,126
Comprehensive income:	2,987,807	3,388,979
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	2,968,054	3,395,887
Comprehensive income attributable to non-controlling interests	19,752	-6,907

‌Consolidated Statement of Changes in Equity‌

Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)

(Thousands of yen)

	Shareholders' equity
	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
Balance at beginning of period	2,378,706	1,789,401	30,075,545	-3,461,377	30,782,275
Cumulative effects of changes in accounting policies					-
Restated balance	2,378,706	1,789,401	30,075,545	-3,461,377	30,782,275
Changes during period
Dividends of surplus			-1,615,930		-1,615,930
Profit attributable to owners of parent			2,456,825		2,456,825
Purchase of treasury shares				-265	-265
Disposal of treasury shares		8,939		80,442	89,381
Change in ownership interest of parent due to transactions with non-controlling interests		-2,121			-2,121
Net changes in items other than shareholders' equity
Total changes during period	-	6,818	840,895	80,177	927,890
Balance at end of period	2,378,706	1,796,219	30,916,440	-3,381,200	31,710,166

	Accumulated other comprehensive income				Non-controlling interests	Total net assets
	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income	Non-controlling interests	Total net assets
Balance at beginning of period	113,749	657,900	-784,122	-12,472	235,067	31,004,871
Cumulative effects of changes in accounting policies						-
Restated balance	113,749	657,900	-784,122	-12,472	235,067	31,004,871
Changes during period
Dividends of surplus						-1,615,930
Profit attributable to owners of parent						2,456,825
Purchase of treasury shares						-265
Disposal of treasury shares						89,381
Change in ownership interest of parent due to transactions with non-controlling interests						-2,121
Net changes in items other than shareholders' equity	10,831	53,240	447,157	511,228	-4,141	507,087
Total changes during period	10,831	53,240	447,157	511,228	-4,141	1,434,977
Balance at end of period	124,580	711,140	-336,964	498,756	230,926	32,439,848

Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)

(Thousands of yen)

	Shareholders' equity
	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
Balance at beginning of period	2,378,706	1,796,219	30,916,440	-3,381,200	31,710,166
Cumulative effects of changes in accounting policies			62,098		62,098
Restated balance	2,378,706	1,796,219	30,978,538	-3,381,200	31,772,264
Changes during period
Dividends of surplus			-2,522,535		-2,522,535
Profit attributable to owners of parent			3,505,060		3,505,060
Purchase of treasury shares					-
Disposal of treasury shares				46,584	46,584
Change in ownership interest of parent due to transactions with non-controlling interests		54			54
Net changes in items other than shareholders' equity
Total changes during period	-	54	982,524	46,584	1,029,164
Balance at end of period	2,378,706	1,796,274	31,961,063	-3,334,616	32,801,428

	Accumulated other comprehensive income				Non-controlling interests	Total net assets
	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income	Non-controlling interests	Total net assets
Balance at beginning of period	124,580	711,140	-336,964	498,756	230,926	32,439,848
Cumulative effects of changes in accounting policies	-62,098			-62,098		-
Restated balance	62,482	711,140	-336,964	436,658	230,926	32,439,848
Changes during period
Dividends of surplus						-2,522,535
Profit attributable to owners of parent						3,505,060
Purchase of treasury shares						-
Disposal of treasury shares						46,584
Change in ownership interest of parent due to transactions with non-controlling interests						54
Net changes in items other than shareholders' equity	-75,230	-10,268	-23,674	-109,172	-38,786	-147,959
Total changes during period	-75,230	-10,268	-23,674	-109,172	-38,786	881,204
Balance at end of period	-12,747	700,872	-360,639	327,485	192,139	33,321,053

‌Consolidated Statement of Cash Flows‌

(Thousands of yen)

Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)		Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Cash flows from operating activities
Profit before income taxes	3,787,493	5,258,912
Depreciation	1,249,123	1,284,110
Amortization of goodwill	121,267	341,135
Decrease (increase) in retirement benefit asset	-586,755	-423,103
Increase (decrease) in retirement benefit liability	-442,341	-20,761
Increase (decrease) in provision for bonuses	45,223	269,685
Increase (decrease) in allowance for doubtful accounts	21,898	-46,719
Increase (decrease) in provision for point card certificates	11,477	-23,886
Increase (decrease) in provision for share awards	-12,118	-28,232
Interest and dividend income	-81,949	-51,245
Share of loss (profit) of entities accounted for using equity method	-175,415	-4,039
Interest expenses	19,979	7,810
Loss (gain) on investments in investment partnerships	-13,150	76,518
Loss (gain) on sale of businesses	-	-1,472,509
Loss on retirement of non-current assets	83,223	26,874
Loss (gain) on sales of investment securities	-	-355,603
Loss (gain) on liquidation of subsidiaries	-349,277	-
Loss (gain) on valuation of investment securities	105,057	680,219
Decrease (increase) in trade receivables	-1,718,020	1,927,060
Decrease (increase) in inventories	347,625	18,573
Increase (decrease) in trade payables	-35,391	-762,269
Increase (decrease) in accrued consumption taxes	110,899	-18,859
Other	614,556	-230,351
Subtotal	3,103,403	6,453,316
Interest and dividends received	81,949	51,245
Interest paid	-19,772	-8,284
Income taxes paid or refunded ("minus" is payment)	-1,210,015	-64,135
Other	16,595	-2,302
Net cash provided by (used in) operating activities	1,972,160	6,429,839

(Thousands of yen)

Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)		Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Cash flows from investing activities
Payments into time deposits	-82,744	-89,776
Proceeds from withdrawal of time deposits	62,290	164,512
Purchase of property, plant and equipment	-164,309	-231,108
Purchase of intangible assets	-626,404	-1,074,723
Purchase of investment securities	-178,773	-143,952
Proceeds from sale of investment securities	249,861	663,637
Loan advances	-1,510	-1,160
Proceeds from collection of loans receivable	24,591	7,580
Purchase of shares of subsidiaries resulting in a change in the scope of consolidation	-	-411,490
Proceeds from sale of businesses	-	2,036,225
Payments of guarantee deposits	-61,669	-52,008
Proceeds from refund of guarantee deposits	33,375	9,606
Proceeds from distributions from investment partnerships	10,204	2,480
Other	29,731	30,970
Net cash provided by (used in) investment activities	-705,356	910,794
Cash flows from financing activities
Proceeds from short-term borrowings	7,000,000	-
Repayments of short-term borrowings	-7,000,000	-
Repayments of long-term borrowings	-298,250	-
Repayments of lease liabilities	-222,068	-181,155
Proceeds from share issuance to non-controlling shareholders	6,210	5,840
Purchase of treasury shares	-265	-
Dividends paid	-1,616,044	-2,520,943
Purchase of shares of subsidiaries not resulting in change in scope of consolidation	-10,056	-
Other	-18,896	-38,016
Net cash provided by (used in) financing activities	-2,159,369	-2,734,274
Effect of exchange rate change on cash and cash equivalents	296,470	-55,037
Net increase (decrease) in cash and cash equivalents	-596,095	4,551,323
Cash and cash equivalents at beginning of period	12,536,899	11,940,803
Cash and cash equivalents at end of period	11,940,803	16,492,126

‌Notes to Consolidated Financial Statements‌

‌(Note on assumptions for going concern) Not applicable.‌

‌(Changes in accounting policy)‌

The Company has applied Accounting Standard for Current Income Taxes (Accounting Standards Board of Japan (ASBJ) Statement No. 27, October 28, 2022; hereinafter referred to as the "Revised Accounting Standard 2022") effective from beginning of the fiscal year under review.

With respect to the revision regarding the classification of income taxes (taxation on other comprehensive income), the transitional treatment stipulated in the proviso of paragraph 20-3 of the Revised Accounting Standard 2022 and the "Guidance on Accounting Standard for Tax Effect Accounting" (ASBJ Guidance No. 28, October 28, 2022; hereinafter referred to as the "Revised Implementation Guidance 2022") have been applied. Accordingly, the cumulative effect of retrospective application of the new accounting policy prior to the beginning of the fiscal year under review shall be added to or deducted from retained earnings at the beginning of the fiscal year under review, and the corresponding amount shall be presented in the appropriate category under capital surplus or accumulated other comprehensive income. The new accounting policy has been applied from the beginning of the period. As a result, retained earnings at the beginning of the fiscal year under review increased ¥62,098 thousand and valuation difference on available-for-sale securities decreased by the same amount.

For the amendment related to the revised accounting treatment for consolidated financial statements when gains or losses on sale of shares in subsidiaries resulting from transactions between consolidated companies were deferred for tax purposes, the Revised Implementation Guidance 2022 has been adopted from the beginning of the fiscal year under review. This change in accounting policy is applied retrospectively, and consolidated financial statements for the previous year are after retrospective application. This change has no impact on the previous consolidated financial statements.

‌(Segment information)‌

Overview of reportable segments
1. Method for determining reportable segments
  The reportable segments of the Company are the units for which separate financial information can be obtained among the constituent units of the Company and for which the Board of Directors of the Company regularly carries out examinations to determine the allocation of management resources and assess the business performance.
  The Group aggregates its business segments based on customer industries and services provided, and has three reportable segments: Marketing Support (Consumer Goods & Services), Marketing Support (Healthcare), and Business Intelligence.
2. Type of products and services belonging to each reportable segment
  The Marketing Support (Consumer Goods & Services) segment provides data services, custom research, analytical models, and communication services based on proprietary data, research techniques, and data analysis capabilities.
  The Marketing Support (Healthcare) segment provides panel surveys, custom research, communication services, and other services related to the healthcare field, including over-the-counter (OTC) pharmaceuticals and ethical drugs.
  The Business Intelligence segment is engaged in software development and sales, system operation, maintenance and management, and data center operations.
Method for determining sales, profit or loss, assets, liabilities and other items for reportable segments
Accounting methods for the reported business segments are generally the same as those used for the preparation of consolidated financial statements.
Segment profit as reported in this section is based on operating profit.

Information on net sales and profit (loss) by reportable segment

For the fiscal year ended June 30, 2024 (July 1, 2023 to June 30, 2024)

(Thousands of yen)

	Reportable segment			Total (Note)
	Marketing Support (Consumer Goods & Services)	Marketing Support (Healthcare)	Business Intelligence	Total (Note)
Net sales
Net sales to third parties	41,176,814	14,336,393	7,766,010	63,279,218
Intra-group net sales and transfers	-	-	-	-
Total	41,176,814	14,336,393	7,766,010	63,279,218
Segment profit	1,160,400	1,698,114	431,474	3,289,989

(Notes) 1. The total of the segment profit equals the operating profit reported in the consolidated statements of income.

Segment assets are not shown because assets are not allocated to business segments.

For the fiscal year ended June 30, 2025 (July 1, 2024 to June 30, 2025)

(Thousands of yen)

	Reportable segment			Total (Note)
	Marketing Support (Consumer Goods & Services)	Marketing Support (Healthcare)	Business Intelligence	Total (Note)
Net sales
Net sales to third parties	45,344,450	12,432,050	7,794,586	65,571,087
Intra-group net sales and transfers	-	-	-	-
Total	45,344,450	12,432,050	7,794,586	65,571,087
Segment profit	1,435,072	2,133,946	672,152	4,241,171

(Note) The total of the segment profit equals the operating profit reported in the consolidated statements of income.

Information on impairment loss of non-current assets, amortization of goodwill and unamortized balance by reportable segment

(Significant changes in amount of goodwill)

In the Marketing Support (Consumer Goods & Services) segment, shares of DOCOMO InsightMarketing, INC. were acquired and included in the scope of consolidation. This event resulted in an increase in goodwill of

¥2,198,676 thousand in the fiscal year under review.

‌(Per share information)‌

Item	Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)	Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Net assets per share	¥844.73	¥867.52
Profit per share	¥64.47	¥91.83

(Notes) 1. Shares in the Company remaining in trust, which are recorded as treasury shares in shareholders' equity, are included in treasury shares deducted in the calculation of the average number of shares during the period for the purpose of calculating profit per share and included in the number of treasury shares deducted from total number of shares issued at the end of the period for the purpose of calculating net assets per share.

The average number of treasury shares during the period deducted for the calculation of profit per share was 388 thousand shares in the previous consolidated fiscal year and 341 thousand shares in the consolidated fiscal year under review, and the number of treasury shares at the end of the period deducted for the calculation of net assets per share was 382 thousand shares in the previous consolidated fiscal year and 323 thousand shares in the consolidated fiscal year under review.

Diluted profit per share is not stated because there is no dilutive share.
The following is the basis of calculating profit per share.

Item	Previous consolidated fiscal year (July 1, 2023 to June 30, 2024)	Consolidated fiscal year under review (July 1, 2024 to June 30, 2025)
Profit per share
Profit attributable to owners of parent (Thousands of yen)	2,456,825	3,505,060
Amount not attributable to common shareholders (Thousands of yen)	-	-
Profit attributable to owners of parent pertaining to common shares (Thousands of yen)	2,456,825	3,505,060
Average number of common shares outstanding during the period (Thousands of shares)	38,108	38,170

‌(Significant subsequent events) Not applicable.‌