Results for the Fiscal Year Ended May 31, 2026 (October 15, 2025)

(Appendix)

FY2025 (June 1, 2025 - May 31, 2026)

Three months ended August 31, 2025

Pasona Group Inc.

Prime Market TSE (2168)

October 15, 2025

https://www.pasonagroup.co.jp/English

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※ Units in billions of yen have been rounded to the nearest first decimal place. Units in millions of yen have been rounded down.

• Net sales increased due to business expansion in Expert Solutions, Life Solutions and Regional Revitalization and Tourism Solutions.

• The impact of the decline in net sales due to the peak-out of large-scale contracted projects has narrowed than in the previous fiscal year.

  ② Loss attributable to owners of the parent company was ¥ 606 million, partly due to the impact of the special loss from the Expo. /Deficit was narrowed.

• Recognition of Expo exhibit related expenses, ¥ 520 million, as extraordinary losses.

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• Reduction in the tax burden resulting from an improvement in Income taxes-deferred.

• Net sales increased due to business expansion in Expert Solutions, Life Solutions and

  Regional Revitalization and Tourism Solutions.

• Recognition of Expo exhibit related expenses, ¥ 520 million, as extraordinary losses.

• Reduction in the tax burden resulting from an improvement in Income taxes-deferred.

  Net Sales

  Operating Profit

  （Millions of yen）	FY24 3M	FY25 3M	Increase /Decrease
  	(%)	(%)
  Net sales	76,323	76,965	+641
  	100.0	100.0	+0.8%
  Cost of sales	59,949	59,880	(69)
  	78.5	77.8	(0.1)%
  Gross profit	16,374	17,085	+710
  	21.5	22.2	+4.3%
  SG＆A	16,810	17,653	+843
  expenses	22.0	22.9	+5.0%
  Operating profit	(436)	(568)	(132)
  	(0.6)	(0.7)	ー
  Ordinary profit	(479)	(64)	+415
  	(0.6)	(0.1)	ー
  Profit attributable to owners	(1194)	(606)	+587
  of parent	(1.6)	(0.8)	ー
  Gross profit ratio	21.5%	22.2%	+0.7pt
  Operating profit ratio	(0.6)%	(0.7)%	(0.1)pt

  76.3 77.0

  (Billions of yen)

  2

  FY24 3M

  FY25 3M

  FY24 3M

  FY25 3M

  (0.44)

  (0.57)

  
  
  Operating Profit

• Gross profit ratio of each segment improved (+0.7 pt).

• Personnel expenses increased due to an increase in retirement benefit expenses, in addition to an increase in the number of employees and improved compensation.

• Rise in IT-related expenses stemming from revisions to usage fees for the IT infrastructure.

  Operating Profit

  Gross profit [17.09]

  +0.71

  SG＆A Expenses [17.65]

  +0.84

  (Billions of yen)

  Increase in net sales

  +0.14

  Increase in gross profit ratio

  +0.57

  Personnel expenses

  +0.40

  IT related expenses

  +0.27

  Advertisement expenses (0.06)

  Others

  +0.23

  (0.44)

  (0.57)

  3

  FY24 3M

  FY25 3M

  	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
  Gross Profit ratio	20.2%	21.5%	22.8%	23.6%	24.8%	24.5%	24.6%	23.8%	22.0%
  SG&A ratio	18.6%	19.4%	20.0%	20.3%	18.8%	18.5%	20.7%	21.9%	22.4%
  Operating Profit ratio	1.6%	2.1%	2.9%	3.3%	6.0%	6.0%	3.9%	1.9%	(0.4)%

  3M FY24	3M FY25
  21.5%	22.2%
  22.0%	22.9%
  (0.6)%	(0.7)%

  
  
  Non-operating/Extraordinary profit (loss), Others

• Non-operating income：¥ 225 million in sponsorship for Expo 2025 Osaka, Kansai, Japan, and

  ¥ 260 million in income from merchandise sales.

• Non-operating expenses：¥ 127 million was recorded as Expo cost of product sales.

  4

• Extraordinary loss：Recognition of Expo exhibit related expenses, ¥ 520 million, as extraordinary losses.

5

(Millions of yen)

Major Item of Increase/Decrease

(Billions of yen)

【Retained earnings】

・Net loss attributable to owners of the parent

・Dividends paid

¥ (0.6) billion

¥ (3.0) billion

Decrease

May 31,2025 Aug 31,2025 Increase/

Assets 265.0 246.8 (18.3)

Current assets 188.9 162.7 (26.3)

Cash and deposits 124.8 93.3 (31.4) Notes and accounts receivable-trade, and contract assets 41.3 42.0 +0.8 Securities 14.5 17.5 +3.0

Non-current assets 76.0 84.0 +8.0

Property, plant and equipment 47.1 53.9 +6.8

Intangible assets 7.6 8.3 +0.7

Investments and other assets 21.2 21.8 +0.6

【Securities】

Liabilities

123.9 110.8 (13.1)

short-term fund management

【Property, plant and equipment】

Acquisition of assets related to Regional Revitalization projects.

Current liabilities 87.7 76.0 (11.8)

Accounts payable-trade 2.8 1.2 (1.6)

Short-term borrowings 6.0 6.0 (0.1)

Accrued expenses 18.6 18.7 +0.1

Deposits received 38.7 30.6 (8.2)

Non-current liabilities 36.2 34.8 (1.4)

Long-term borrowings 23.7 22.9 (0.7)

Net assets

141.1 136.0 (5.1)

Shareholders' equity 134.2 129.6 (4.6)

Capital surplus 16.0 15.9 (0.0)

Retained earnings

115.8 112.2 (3.6)

Treasury shares (2.6) (3.6) (1.0)

Total accumulated other comprehensive income

0.8 0.7 (0.1)

Share acquisition rights 0.0 0.0 ±0.0

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Segment information

7

※ Units in billions of yen have been rounded to the nearest first decimal place. Units in millions of yen have been rounded down.

• The impact of the decline in net sales due to the peak-out of large-scale contracted projects has narrowed than in the previous fiscal year.

• Gross profit ratio was 21.0% (+0.7% compared to the same period of the previous year).

  (Billions of yen)

  YoY

  (6.1)%

  8

  
  
  

• Acquisition of projects such as corporate DX support and system development expanded. Advisory consulting business also remained steady.

  （Topics）

  Trends in the Group's BPO and outsourcing service area sales

Total

Q1

20.3%

Net Sale , Gross profit ratio

Gross Profit Ratio

137.2

33.1

(1.9)%

QoQ

FY24 3M

21.0%

FY25 3M

(Billions of yen)

• The number of active temporary workers exceeding the same period last year.

• Improving convenience for new registrants during sign-up and revising the process leading to job placement enable us to secure placements earlier.

Total

134.8

34.7

+2.7%

FY24 3M

FY25 3M

Net Sales

(Billions of yen)

• Pasona staff worked not only at the Pasona Group Pavilion "PASONA NATUREVERSE" at Expo 2025 Osaka, Kansai, Japan, but also at each of the pavilions.

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Approximately 2,500 participants from 107 companies.