P.21 Capital and Financial Strategy

21 Capital and Financial Strategy In the fiscal year ended December 2025, we achieved 10 consecutive years of revenue growth and record-high profits, while maintaining a sound financial base with an equity ratio of 53.5%. Based on our stable cash-generating ability, we will balance investment in AI, system development, and human resources with shareholder returns, aiming for sustainable growth and improved capital efficiency toward realizing our information infrastructure for capital markets. Evaluation and Analysis of Past Performance and Progress of Strategy In the fiscal year ended December 2025, we posted net sales of 6,051 million yen (up 19.3% year-on-year), operating profit of 1,302 million yen (up 25.8%), and profit attributable to owners of parent of 839 million yen (up 25.1%), marking 10 straight years of revenue growth and record profits. Core business growth absorbed increased personnel expenses and the decline in the advertising business, maintaining 2-digit consolidated growth. The shareholder management platform business performed well, with net sales of 5,813 million yen (up 20.6%) and profit of 1,377 million yen (up 23.1%). In particular, the Premium Yutai Club recorded net sales of 4,440 million yen (up 26.7%), driven by the promotion of shareholder digitization, higher unit prices, and an increase of 14 companies to 110 contracted companies from the end of the previous fiscal year. IR-navi benefited from its renewal, with contracted companies increasing by 16 to 375, recording net sales of 318 million yen. Sustainability solutions also recorded net sales of 972 million yen due to a shift to recurring projects such as integrated reports. The advertising business struggled with net sales of 247 million yen, although agency operations grew. Regarding financial position, we secured an equity ratio of 53.5% against total assets of 4,822 million yen. In cash flows, we generated 1,383 million yen from operating activities, while spending 408 million yen on investing activities such as software acquisition, and 728 million yen on financing activities such as dividend payments and share buybacks. For the fiscal year ending December 2026, we will transition to non-consolidated financial reporting, forecasting net sales of 6,750 million yen and operating profit of 1,500 million yen. We will promote new acquisitions by offering Digital Yutai Club, expanding our hometown tax donation service, and enhancing IR-navi's functionality. We aim to increase profits at each level by outpacing cost increases from system development and organizational strengthening with sales growth. Key performance indicators