P.17 Management Strategy: Progress and Achievements

17 Management Strategy: Progress and Achievements We have expanded adoption of Premium Yutai Club, supported investor dialogue through IR-navi, and advanced information disclosure using AI and DX. By strengthening a revenue structure underpinned by recurring revenue and increasing the value added of our services, we have achieved sustainable growth and improved profitability. 10 Consecutive Years of Revenue Growth Net sales growth for the fiscal year ended December 2025 was 19.3%. Although this was slightly below the target of 20.0%, we achieved revenue growth for the 10th consecutive year. The operating margin reached 21.5%, exceeding the target, driven by the expansion of the Shareholder Management Platform Business, higher unit prices, and the accumulation of recurring revenue. Consolidated operating profit also maintained double-digit growth despite increased personnel expenses and the impact of consolidated subsidiaries, steadily strengthening our foundation for sustainable growth. Expansion of Premium Yutai Club Adoption The number of companies using Premium Yutai Club reached 110 as of December 31, 2025, a net increase of 14 from a year earlier. Although this was below our target, adoption continued to expand steadily. Revenue increased 26.7% year on year, driven by greater usage among existing clients and higher shareholder benefit point issuance. Growth in both the client base and existing-client activity continues to drive the business. Advancing DX in Shareholder Management and Enhancing Investor Dialogue Through information dissemination and shareholder surveys using Premium Yutai Club and IR-navi, electronic voting, and investor meeting management, we have supported ongoing dialogue between companies and investors. We have also expanded opportunities for dialogue by supporting virtual general meetings of shareholders and online financial results briefings. Furthermore, by developing the AI-powered IR-port, we are building an integrated framework covering information disclosure, value creation story development, and enhanced dialogue, as we seek to evolve further as information infrastructure for capital markets. Net Sales and Operating Profit Operating Margin ROE and Equity Ratio