Summary of Financial Data and Business Results for the Third Quarter of the Fiscal Year Ending December 31, 2025 (JP GAAP, Consolidated)

November 13, 2025

Company Name: Universal Entertainment Corporation Code No.: 6425 URL: https://www.universal-777.com

Listed Exchange: Tokyo Stock Exchange

Representative: (Name) Tomohiro Okada (Title) Representative Director and President Contact: (Name) Nobuki Sato (Title) Senior Executive Officer & CFO

TEL: +81-3-5530-3055

Scheduled Commencement Date of Dividend Payment: -Supplementary Briefing Materials for Settlement of Accounts: Yes Briefing on Settlement of Accounts: None scheduled

(Amounts rounded down to nearest million yen)

1. Consolidated Business Results for the Third Quarter of Fiscal Year 2025 (Period from January 1, 2025 to September 30, 2025)

   1. Consolidated Operating Results

      (Percentages refer to changes from the previous fiscal year)

      	Net Sales	Operating Profit	Ordinary Profit	Net Income Attributable to Owners of Parent
      	Million Yen %	Million Yen %	Million Yen %	Million Yen %
      3rd Quarter of Fiscal Year 2025	92,572 0.2	(280) -	(17,131) -	(10,649) -
      3rd Quarter of Fiscal Year 2024	92,366 (25.6)	423 (97.4)	(11,974) -	(19,461) -

      (Note) Comprehensive income

      3rd Quarter of Fiscal Year 2025: (21,025) million yen (-%) 3rd Quarter of Fiscal Year 2024: (24,042) million yen (-%)

      	Net Income per Share	Diluted Net Income per Share
      3rd Quarter of Fiscal Year 2025 3rd Quarter of Fiscal Year 2024	Yen (137.42) (251.14)	Yen - -

      (Note) Diluted net income per share is not presented because a net loss per share was posted despite the existence of latent shares with a dilution effect.

   2. Consolidated Financial Status

   	Total Assets	Net Assets	Ratio of Shareholders' Equity	Net Assets per Share
   	Million Yen	Million Yen	%	Yen
   As of September 30, 2025	590,374	348,705	59.1	4,499.95
   As of December 31, 2024	632,795	369,731	58.4	4,771.28

   (Reference) Shareholders' equity

   As of September 30, 2025: 348,705 million yen As of December 31, 2024: 369,731 million yen

2. Status of Dividends

   	Annual Dividends
   	End of 1st Quarter	End of 2nd Quarter	End of 3rd Quarter	End of Fiscal Year	Total
   Fiscal Year 2024 Fiscal Year 2025	Yen	Yen	Yen	Yen	Yen
   	- -	30.00 0.00	- -	0.00	30.00
   Fiscal Year 2025 (Forecast)				0.00	0.00

   (Note) Revision from the dividend forecast most recently announced: None

3. Consolidated Business Results Forecast for Fiscal Year 2025 (Period from January 1, 2025 to December 31, 2025)

(Percentages refer to changes from the previous fiscal year)

(Note) Revision from the business forecasts most recently announced: Yes

*For more information, please refer to the press release "Notice on Revision of Business Results Forecast" that was announced today.

• Matters of Note

  1. Significant changes in the scope of consolidation during the period : None

  2. Application of accounting procedures specific to the preparation of the quarterly

     consolidated financial statements : None

  3. Changes in accounting policies, changes in accounting estimates and/or restatements

     1. Changes in accounting policies accompanying revision of accounting standards, etc.

     2. Changes in accounting policies other than 1)

     3. Changes in accounting estimates

     4. Restatements

        : None

        : None

        : None

        : None

  4. Number of outstanding shares (common stock)

     1. Shares issued at end of fiscal period (including treasury shares) As of September 30, 2025: 80,195,000 shares

        As of December 31, 2024: 80,195,000 shares

     2. Number of treasury shares at end of fiscal period

        As of September 30, 2025: 2,704,139 shares

        As of December 31, 2024: 2,704,096 shares

     3. Average number of shares during fiscal period

        3rd Quarter of Fiscal Year 2025: 77,490,865 shares 3rd Quarter of Fiscal Year 2024: 77,490,904 shares

• Review of the attached quarterly consolidated financial statements by certified public accountants or auditing firms: None

• Explanation on Proper Usage of Business Results Forecast and Other Noteworthy Items

The forward-looking statements regarding business results, etc. as featured herein are based on information that is currently available and certain assumptions that are determined to be reasonable, but are not promises by Universal Entertainment Corporation regarding future performance. Actual business results may vary significantly due to a number of factors. For preconditions of business forecasts and notes on the usage of business forecasts and so forth, please see "1. Qualitative Information Pertaining to Quarterly Settlement of Accounts, (4) Forecast of Consolidated Business Results" on page 4 of the Attached Materials.

Attached Materials: Table of Contents

1. Qualitative Information Pertaining to Quarterly Settlement of Accounts 2

   1. Explanation of Operating Results 2

   2. Explanation of Financial Status 3

   3. Explanation of Consolidated Business Results Forecast and Other Forward-looking Statements 3

   4. Forecast of Consolidated Business Results 4

2. Quarterly Consolidated Financial Statements and Notes 5

   1. Quarterly Consolidated Balance Sheet 5

   2. Quarterly Consolidated Statement of Income and

      Quarterly Consolidated Statement of Comprehensive Income 7

      Quarterly Consolidated Statement of Income

      The Cumulative Third Quarter 7

      Quarterly Consolidated Statement of Comprehensive Income

      The Cumulative Third Quarter 8

   3. Notes to Quarterly Consolidated Financial Statements 9

      (Notes Pertaining to Going Concern) 9

      (Changes in Accounting Policies) 9

      (Notes in Event of Significant Fluctuation in Amount of Shareholders' Equity) 9

      (Notes to Quarterly Consolidated Statement of Cash Flows) 9

      (Notes to Segment Information) 10

   4. Additional Information 11

   5. Material Subsequent Events 11

1. Qualitative Information Pertaining to Quarterly Settlement of Accounts

1. Explanation of Operating Results

   During the first nine months of fiscal year 2025, sales of the Universal Entertainment Group increased slightly year on year, but the result varied significantly across segments. In the Amusement Equipments Business, there is a growth in sales driven by the expending penetration of smart Pachislot and smart Pachinko machines. Despite a low passing rate in the type approval test for Pachislot machines, the introduction of new models proceeded as planned, resulting in steady performance for both sales and operating profit across the entire Amusement Equipments Business. Conversely, in the Integrated Resort Business, the business climate for OKADA MANILA remains challenging. In the third quarter, reduced revenue from both VIP and mass market segments, influenced by factors such as decrease in overseas visitors, led to lower sales and profits. Financially, exchange rate fluctuations caused foreign exchange gains recorded in the same period last year to turn into foreign exchange losses, significantly impacting non-operating income and expenses.

   As a result, net sales in the first nine months of fiscal year 2025 totaled 92,572 million yen (increased by 0.2% year on year), operating loss was 280 million yen (operating profit was 423 million yen in the same period of fiscal year 2024), ordinary loss was 17,131 million yen (ordinary loss was 11,974 million yen in the same period of fiscal year 2024), and net loss attributable to owners of parent was 10,649 million yen (net loss attributable to owners of parent was 19,461 million yen in the same period of fiscal year 2024). Business segment performance are as follows. The figures are prior to adjustment for inter-segment sales or transfers.

   1. Amusement Equipments Business

      In the first nine months of fiscal year 2025, the Amusement Equipments Business posted net sales of 41,420 million yen (increased by 34.6% year on year) and an operating profit of 7,832 million yen (increased by 95.5% year on year).

      In the amusement equipments industry, the market environment for Pachislot machines is favorable because of the steadily progressing penetration of smart Pachislot machines as well as the high utilization rate of these machines in the Pachinko parlors that meets the expectation from the parlor operators. In the Pachinko sector, the emergence of smart Pachinko machines equipped with Lucky Trigger (LT) 3.0 Plus is contributing to the growth of the Pachinko market.

      Under these circumstances, Universal Entertainment increased production and sales of two major titles: "OKIDOKI! GORGEOUS" and "SMART PACHISLOT Magia Record: Puella Magi Madoka Magica Side Story". In addition, we launched the first smart Pachislot title from A PROJECT: "AREX BRIGHT" as well as "SMART PACHISLOT/SLOT THE TOWER OF DRUAGA". In the Pachinko sector, production and sales increased for "P HANEMONO Family Stadium", which is very popular among pachinko parlor operators. Also, we launched the sales of the first Universal Entertainment Group smart Pachinko machines equipping LT 3.0 Plus: "e SHAMAN KING Dekkeena Ver." and "e SHAMAN KING".

   2. Integrated Resort Business

      The Integrated Resort Business posted net sales(1) of 50,619 million yen, a decrease of 16.9% year on year, and an operating loss of 3,007 million yen (operating profit was 1,996 million yen in the same period of fiscal year 2024) in the first nine months of fiscal year 2025. Adjusted segment EBITDA(2) was 9,925 million yen in the first nine months of fiscal year 2025, a decrease of 31.7% year on year.

      At OKADA MANILA, an integrated resort operated by the Universal Entertainment Group, the third quarter performance in fiscal year 2025 fell below the previous year's results. In the gaming category, our gaming revenues of the VIP segment and the mass market segment declined year on year due to the overall market downturn in Entertainment City, compounded by the impact of inclement weather in September on guest visitation numbers. The hotel and F&B business also saw a decline in revenue.

      Okada Manila was awarded as "Best Poker Room in an Integrated Resort" at Inside Asian Gaming (IAG) Academy Integrated Resort Awards in the third quarter.

      1. Net sales are gross revenues minus gaming taxes and jackpots.

      2. Adjusted segment EBITDA= Operating profit/loss + Depreciation + Other adjustments

   3. Other

      Other Business posted net sales of 412 million yen (increased by 20.1% year on year), and an operating profit of 451 million yen (increased by 20.5% year on year) in the first nine months of fiscal year 2025.

      In the Media Content Business, we have launched the simulator application for "AREX BRIGHT" on App Store and Google Play. Sales have been strong as it ranks in the top 10 in the paid game category. For "Universal Kingdom", the subscription-based application, and "Slots Street", the free-to-play social casino game, we constantly holding in-game events to acquire new users and enhance user satisfaction.

      For digital music distribution, we provide through 24 platforms, including major sites such as Apple Music, Spotify and YouTube Music, "AREX BRIGHT ORIGINAL SOUND TRACK" and "DON BON DANCE" presented by DJ Don Chan.

2. Explanation of Financial Status

   Financial status for the third quarter of fiscal year 2025 is as follows.

   Total assets at the end of the third quarter of fiscal year 2025 amounted to 590,374 million yen, a decrease of 42,421 million yen from the end of fiscal year 2024. The decrease was mainly due to sales of shares of subsidiaries and associates and the revaluation of foreign currency denominated assets to exchange rates at the end of the third quarter.

   Total liabilities at the end of the third quarter of fiscal year 2025 amounted to 241,669 million yen, a decrease of 21,395 million yen from the end of fiscal year 2024. The decrease was mainly due to repayments of long-term borrowings of consolidated subsidiaries and the revaluation of foreign currency denominated liabilities to exchange rates at the end of the third quarter.

   Total net assets at the end of the third quarter of fiscal year 2025 amounted to 348,705 million yen, a decrease of 21,025 million yen from the end of fiscal year 2024. This is the result of a decrease in retained earnings due to net loss attributable to owners of parent and foreign currency translation adjustment.

3. Explanation of Consolidated Business Results Forecast and Other Forward-looking Statements

   1. Amusement Equipments Business

The market environment for amusement equipments shows steady growth in the Pachislot sector, with smart pachislot machines maintaining robust performance and steadily increasing their market share. In addition, the introduction of Bonus Trigger (BT)-equipped machines aimed at enhancing the diversity of game elements has begun, with some models receiving favorable evaluations. This situation holds promise for further market revitalization going forward. In the Pachinko sector, manufacturers across the industry are continuing to launch smart Pachinko machines equipping the Lucky Trigger (LT) 3.0 Plus, and popular title series and anime-licensed machines are now predominantly released. The progress in the penetration rate of smart Pachinko machines and expansion in game elements due to LT 3.0 Plus are expected to revitalize the market.

In the fourth quarter, we launched "SMART PACHISLOT BABEL", reminiscent of "stock-type" machines and began sales of "SMART PACHISLOT OKIDOKI! DUO ENCORE", featuring the highest specifications in the series' history. In the Pachinko category, we launched "P MADE IN ABYSS NARAKU NO RENKANSHOKU", which has Lucky Trigger equipped. Another new title introduced is "P OKIDOKI! DOKIDOKI DANGAN TOUR", the first Pachinko machine of the widely popular OKIDOKI! series.

Universal Entertainment will continue striving to develop unique and appealing titles, contribute to the revitalization of the entire amusement equipments industry as a whole, while striving to expand our market share.