INTAGE : Summary of Consolidated Financial Results for the Three Months Ended September 30, 2025 (Japanese GAAP)342KB

Summary of Consolidated Financial Results

for the Three Months Ended September 30, 2025 (Japanese GAAP)

November 4, 2025

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

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 start of dividend payments: -

Preparation of supplementary explanations of financial results: Yes Financial results presentation held: No

(Amounts are rounded off to nearest million yen.)

1. Consolidated Financial Results for the Three Months Ended September 30, 2025 (July 1, 2025 to September 30, 2025)

   1. Consolidated Operating Results (Cumulative) (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	%
      Three months ended September 30, 2025	14,361	-4.6	572	205.6	565	429.2	292	-74.2
      Three months ended September 30, 2024	15,057	5.2	187	-5.7	106	-66.1	1,132	653.8

      (Note) Comprehensive income: Three months ended September 30, 2025: ¥337 million (-72.5%)

      Three months ended September 30, 2024: ¥1,227 million (278.3%)

      	Profit per share	Profit per share after dilution
      	Yen	Yen
      Three months ended September 30, 2025	7.65	-
      Three months ended September 30, 2024	29.70	-

      (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.

   2. Consolidated Financial Position

   	Total assets	Net assets	Equity ratio
   	Millions of yen	Millions of yen	%
   As of September 30, 2025	44,673	32,797	73.0
   As of June 30, 2025	46,922	33,321	70.6

   (Reference) Total shareholders' equity: As of September 30, 2025: ¥32,611 million

   As of June 30, 2025: ¥33,128 million

2. Dividends

   	Dividend per share
   	1Q-end	2Q-end	3Q-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Year ended June 30, 2025	-	22.50	-	22.50	45.00
   Year ending June 30, 2026	-
   Year ending June 30, 2026 (Forecast)		24.00	-	24.00	48.00

   (Note) Revisions to the most recently disclosed dividend forecasts: None

3. 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

   (Note) Revisions to the most recently disclosed earnings forecasts: None

   • Notes

     1. Significant changes in the scope of consolidation during the period: No Newly included: - Excluded: -

     2. Application of Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial Statements:

        Yes

     3. 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: None

        2. Changes in accounting policies due to other reasons: None

        3. Changes in accounting estimates: None

        4. Restatement of prior period financial statements: None

     4. Number of shares issued and outstanding (common shares)

        1) Number of shares issued at the end of the period (including treasury shares)	As of September 30, 2025	40,426,000	As of June 30, 2025	40,426,000
        2) Number of treasury shares at the end of the period	As of September 30, 2025	2,231,320	As of June 30, 2025	2,237,920
        3) Average number of shares during the period (cumulative from the beginning of the fiscal year)	Three months ended September 30, 2025	38,188,941	Three months ended September 30, 2024	38,129,380

   • Review of the accompanying quarterly consolidated financial statements by a certified public accountant or an auditing corporation: None

   • 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 Consolidated Financial Results for the Three Months Ended September 30, 2025 2

     2. Overview of Financial Position for the Three Months Ended September 30, 2025 3

  2. Consolidated Financial Statements and Notes Thereto 4

     1. Consolidated Balance Sheet 4

     2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 6

     3. Notes to Quarterly Consolidated Financial Statements 8

(Application of accounting treatment specific to the preparation of quarterly consolidated financial statements) 8

(Notes on segment information, etc.) 8

(Note in the event of major change in shareholders' equity) 9

(Note on assumptions for going concern) 9

(Notes on statement of cash flows) 9

1. ‌Overview of Consolidated Financial Results, etc.

   1. ‌Overview of Consolidated Financial Results for the Three Months Ended September 30, 2025

      During the three months under review (July 1, 2025 to September 30, 2025), the Japanese economy was expected to maintain a modest recovery, partly due to various government policies while the employment and income environment improved. However, the impact of U.S. trade policy and the effects of continued price hikes on consumer spending are also risks that could put downward pressure on Japan's 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 and improvement in other countries.

      In order to realize the basic group policy of the 14th Medium-Term Management Plan, "Towards New Portfolio as a Data

      + Technology Company - Creation of New Value," the Group has set the basic policy of "Growth with Optimization" for the consolidated fiscal year under review, the final year of the plan. The Group will shift to business operations that clearly define core businesses and growth businesses and promote a shift to an optimal formation, including the consolidation and elimination of organizations and functions to enhance the Group's overall strength. As a consequence, the Group will promote the shift from decentralization to integration, build an organizational structure that facilitates the optimal allocation of management resources, and advance resource allocation toward businesses with promising medium-to long-term growth prospects.

      The Company has increased the number of Executive Officers effective July 1, 2025. By appointing human resources with expertise and experience in each business field to manage the Company in a concentrated manner, the Group aims to accelerate the speed of its growth by creating businesses through collaboration among businesses and expanding business domains beyond segments, thereby speeding up decision-making related to business execution and maximizing the Group's management.

      At the same time, we will strive to improve management transparency and strengthen corporate governance by securing diverse management personnel and their participation, as well as develop next-generation leaders and future management team members to achieve sustainable growth.

      In the Marketing Support (Consumer Goods & Services) business, we expect solid growth in panel and custom research, our core business, and aim to further improve profitability through process innovation by increasing the value provided to clients and utilizing generative AI. As a growth area, we will also redesign our marketing solutions business in collaboration with NTT DOCOMO, Inc. to promote data utilization consulting and strengthen our CX management system and infrastructure.

      In the Marketing Support (Healthcare) business, we will expand our business into new areas such as promotion and communication and promote efforts to create new value based on the patient centricity*1to become a decision-making partner in healthcare.

      We will also accelerate our efforts to improve operational efficiency and exceed customer expectations through the use of AI and Group assets.

      In the Business Intelligence business, under the basic policy of "becoming the DX partner of choice for the next 10 years," we will accelerate business growth by continuing to expand the data integration platform and utilization business, solidify our business foundation by strengthening our planning, proposal, and project promotion capabilities, and establish a stock business that provides solutions to common industry issues.

      The group as a whole is promoting optimization of core businesses and growth of growing businesses, while continuing to strengthen capital policies based on a stable financial base, create businesses through inter-group collaboration, implement measures to increase non-financial capital such as human capital, and enhance sustainability.

      As a result of these efforts, the INTAGE Group's consolidated net sales for the three months under review amounted to

      ¥14,361 million (down 4.6% from the same period of the previous year), with an operating profit of ¥572 million (up 205.6%), ordinary profit of ¥565 million (up 429.2%), and profit attributable to owners of parent of ¥292 million (down 74.2%).

      The results by business segment are described below.

      1. Marketing Support (Consumer Goods & Services)

         In the Marketing Support (Consumer Goods & Services) segment, consolidated net sales for the segment amounted to

         ¥10,041 million (down 0.2% from the same period of the previous year), with an operating loss of ¥40 million (operating loss of ¥290 million in the same period of the previous year).

         In this segment, panel surveys and custom research, our core businesses, performed well, and the marketing solutions business, a growth area, also increased year on year. On the other hand, INTAGE Research Inc. posted a decline in sales due to the absence of large projects in the previous year.

         In terms of profit, operating loss decreased compared to the same period of the previous year due to the effect of increased sales from panel surveys and custom research, as well as a decrease in investment expenses.

      2. Marketing Support (Healthcare)

         In the Marketing Support (Healthcare) segment, sales decreased but profit increased; consolidated net sales of the segment amounted to ¥2,727 million (down 14.4% from the same period of the previous year), with an operating profit of ¥507 million (up 81.1%). In this segment, profitability improved significantly despite a decrease in sales due to the impact of the sale of the CRO business at INTAGE Healthcare Inc.

         In addition, INTAGE Real World, Inc. posted higher levels of both sales and operating profit than the previous year.

      3. Business Intelligence

         In the Business Intelligence segment, both sales and profit decreased; consolidated net sales of the segment amounted to

         ¥1,592 million (down 11.9% from the same period of the previous year), with an operating profit of ¥105 million (down 46.4%). In this business, while INTAGE TECHNOSPHERE Inc. recorded steady sales in the data integration platform and utilization business, a priority area for the company, Buildsystem Co., Ltd. recorded a year-on-year decline due to a reactionary drop from the brisk low-code development projects in the previous year.

         Profitability has decreased due to the decline in sales, but we will continue our efforts to improve profitability by optimizing prices, controlling outsourcing costs, and improving operational efficiency, as we did in the previous fiscal year.

   2. ‌Overview of Financial Position for the Three Months Ended September 30, 2025

   (Assets)

   Current assets contracted ¥2,131 million from the end of the previous fiscal year to ¥28,402 million. This decrease was mostly due to a fall in cash and deposits by ¥2,808 million and a decrease in other of ¥261 million, while notes and accounts receivable - trade, and contract assets grew ¥177 million and work in process increased by ¥769 million.

   Non-current assets contracted ¥118 million from the end of the previous fiscal year to ¥16,271 million. This was mainly due to a decrease of ¥115 million in investment securities, despite increases of ¥129 million in other intangible assets,

   ¥47 million in retirement benefit assets and ¥82 million in goodwill. As a result, total assets decreased by ¥2,249 million to ¥44,673 million. (Liabilities)

   Current liabilities decreased ¥1,707 million from the end of the previous fiscal year to ¥10,859 million. This was mainly due to decreases of ¥889 million in income taxes payable and ¥1,041 million in provision for bonuses, despite an increase of ¥268 million in other.

   Non-current liabilities declined ¥18 million from the end of the previous fiscal year, to ¥1,015 million. This was mainly due to a decrease of ¥21 million in lease liabilities and ¥10 million in provision for share awards, despite an increase of

   ¥13 million in other.

   As a result, total liabilities decreased by ¥1,726 million to ¥11,875 million. (Net assets)

   Total net assets decreased by ¥523 million from the end of the previous fiscal year to ¥32,797 million. This was mainly due to a decrease of ¥574 million in retained earnings, which offset an increase of ¥56 million in valuation difference on available-for-sale securities.

2. ‌Consolidated Financial Statements and Notes Thereto

1. ‌Consolidated Balance Sheet

   (Thousands of yen)

   Previous consolidated fiscal year (As of June 30, 2025)		First quarter under review (As of September 30, 2025)
   Assets
   Current assets
   Cash and deposits	15,269,232	12,460,944
   Notes and accounts receivable - trade, and contract assets	10,030,855	10,207,991
   Merchandise	21,923	21,421
   Work in process	1,773,681	2,543,640
   Supplies	79,753	71,069
   Other	3,365,794	3,104,742
   Allowance for doubtful accounts	-7,895	-7,675
   Total current assets	30,533,345	28,402,135
   Non-current assets
   Property, plant and equipment
   Net buildings and structures	1,326,190	1,290,320
   Net equipment and fixtures	368,727	360,232
   Land	1,998,156	1,998,156
   Net leased assets	207,915	172,958
   Total property, plant and equipment	3,900,989	3,821,668
   Intangible assets
   Goodwill	2,568,963	2,486,130
   Other	3,173,261	3,302,562
   Total intangible assets	5,742,224	5,788,692
   Investments and other assets
   Investment securities	2,561,762	2,446,718
   Deferred tax assets	1,477,774	1,474,819
   Retirement benefit assets	1,111,165	1,158,308
   Other	1,879,095	1,875,038
   Allowance for doubtful accounts	-283,698	-294,058
   Total investments and other assets	6,746,098	6,660,826
   Total non-current assets	16,389,313	16,271,187
   Total assets	46,922,658	44,673,322

   (Thousands of yen)

   Previous consolidated fiscal year (As of June 30, 2025)		First quarter under review (As of September 30, 2025)
   Liabilities
   Current liabilities
   Accounts payable - trade	2,703,933	2,669,386
   Current portion of long-term loans payable	100,000	100,000
   Lease liabilities	120,687	100,986
   Income taxes payable	1,231,767	342,046
   Provision for bonuses	2,315,670	1,274,222
   Provision for point card certificates	2,275,174	2,284,885
   Other	3,819,902	4,088,327
   Total current liabilities	12,567,135	10,859,855
   Non-current liabilities
   Lease liabilities	118,887	97,362
   Provision for share awards	132,864	122,150
   Retirement benefit liability	294,355	293,050
   Asset retirement obligations	397,222	398,143
   Other	91,139	104,786
   Total non-current liabilities	1,034,470	1,015,494
   Total liabilities	13,601,605	11,875,349
   Net assets
   Shareholders' equity
   Share capital	2,378,706	2,378,706
   Capital surplus	1,796,274	1,796,274
   Retained earnings	31,961,063	31,386,822
   Treasury shares	-3,334,616	-3,329,378
   Total shareholders' equity	32,801,428	32,232,425
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	-12,747	43,494
   Foreign currency translation adjustment	700,872	684,613
   Remeasurements of defined benefit plans	-360,639	-348,931
   Total accumulated other comprehensive income	327,485	379,177
   Non-controlling interests	192,139	186,370
   Total net assets	33,321,053	32,797,972
   Total liabilities and net assets	46,922,658	44,673,322

2. ‌Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

   Consolidated Statements of Income

   For the three months ended September

   (Thousands of yen)

   Three months ended September 30, 2024 (July 1, 2024 to September 30, 2024)		Three months ended September 30, 2025 (July 1, 2025 to September 30, 2025)
   Net sales	15,057,972	14,361,563
   Cost of sales	9,792,868	8,764,334
   Gross profit	5,265,104	5,597,228
   Selling, general and administrative expenses	5,077,745	5,024,693
   Operating profit	187,358	572,535
   Non-operating income
   Interest income	6,710	11,283
   Dividend income	30	-
   Share of profit of entities accounted for using equity method	3,083	1,497
   Subsidy income	8,262	11,283
   Reversal of allowance for doubtful accounts	40,318	-
   Other	1,314	13,079
   Total non-operating income	59,717	37,143
   Non-operating expenses
   Interest expenses	2,178	1,440
   Loss on investments in investment partnerships	16,691	23,076
   Foreign exchange gains	117,845	-
   Provision of allowance for doubtful accounts	-	9,319
   Other	3,569	10,705
   Total non-operating expenses	140,285	44,541
   Ordinary profit	106,791	565,137
   Extraordinary income
   Gain on sale of investment securities	-	3,936
   Gain on sale of businesses	1,588,041	-
   Total extraordinary income	1,588,041	3,936
   Profit before income taxes	1,694,832	569,073
   Income taxes	570,799	279,836
   Profit	1,124,032	289,237
   Profit (loss) attributable to non-controlling interests	-8,336	-3,041
   Profit attributable to owners of parent	1,132,369	292,278

   Consolidated Statements of Comprehensive Income

   For the three months ended September

   (Thousands of yen)

   Three months ended September 30, 2024 (July 1, 2024 to September 30, 2024)		Three months ended September 30, 2025 (July 1, 2025 to September 30, 2025)
   Profit	1,124,032	289,237
   Other comprehensive income
   Valuation difference on available-for-sale securities	-43,660	53,797
   Foreign currency translation adjustment	153,300	-17,439
   Remeasurements of defined benefit plans, net of tax	-5,875	11,707
   Total of other comprehensive income	103,764	48,065
   Comprehensive income	1,227,797	337,303
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	1,227,624	343,970
   Comprehensive income attributable to non-controlling interests	172	-6,666

3. ‌Notes to Quarterly Consolidated Financial Statements

   ‌(Application of accounting treatment specific to the preparation of quarterly consolidated financial statements)

   Tax expenses are calculated by multiplying income before income taxes by an effective tax rate, which is reasonably estimated by applying tax-effect accounting to estimated income before income taxes for the fiscal year including the first quarter under review.

   ‌(Notes on segment information, etc.)

   1. For the three months ended September 30, 2024 (July 1, 2024 to September 30, 2024)

      1. Information on the amounts of net sales and profit by reportable segment

         	Reportable segment			Total (Thousands of yen)
         	Marketing Support (Consumer Goods & Services) (Thousands of yen)	Marketing Support (Healthcare) (Thousands of yen)	Business Intelligence (Thousands of yen)
         Net sales
         Net sales to third parties	10,066,208	3,184,347	1,807,417	15,057,972
         Intra-group net sales and transfers	-	-	-	-
         Total	10,066,208	3,184,347	1,807,417	15,057,972
         Segment income (loss)	-290,115	279,983	197,490	187,358

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

      2. 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 during the three months under review.

   2. For the three months ended September 30, 2025 (July 1, 2025 to September 30, 2025)

      1. Information on the amounts of net sales and profit by reportable segment

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

‌(Note in the event of major change in shareholders' equity) Not applicable.

‌(Note on assumptions for going concern) Not applicable.

‌(Notes on statement of cash flows)

The Company did not prepare quarterly consolidated statement of cash flows for the first three months of the fiscal year under review. Depreciation (including amortization of intangible assets, excluding amortization of goodwill) and amortization of goodwill for the first quarter under review are as follows.