Interim report
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Translation Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months of the Fiscal Year Ending March 31 , 2027 ( Under Japanese GAAP ) August 12 , 2026 Company name : Stock exchange listings : Stock code : URL : Representative : Contact : TEL : Scheduled date for dividend payment : Supplementary materials for financial summaries : Financial results briefing : SORACOM , INC . Tokyo Stock Exchange 147A https://soracom.com Ken Tamagawa , Representative Director and President Tomoki Nagano , Head of Finance , Accounting and IR + 81-50-1720-8147 Yes Yes ( Amounts of less than one million yen are rounded down . ) 1. Consolidated Financial Results for the Three Months of the Fiscal Year Ending March 31 , 2027 ( from April 01 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( Cumulative ) Revenue Recurring revenue EBITDA ( Percentages indicate YoY changes ) Operating profit Ordinary profit Profit attributable to owners of parent Million Million Million Three months ended yen June 30 , 2026 3,384 June 30 , 2025 2,225 % 52.1 17.7 yen 2,742 1,845 % 48.6 19.7 yen % 316 81.5 174 29.7 Million yen % 215 69.3 127 35.0 Million yen 202 % Million yen % 69.5 171 52.9 119 112 390.6 ( Note ) Comprehensive income First quarter of fiscal year ending March 2027 128 million yen ( 194.2 % ) First quarter of fiscal year ending March 2026 43 million yen ( ( 59.4 ) % ) Basic earnings per share Diluted earnings per share Three months ended June 30 , 2026 Yen 3.77 2.49 Yen 3.66 2.42 June 30 , 2025 ( Note ) EBITDA = Operating profit + Depreciation + Amortization of goodwill + Share - based compensation expenses ( 2 ) Consolidated financial positions As of June 30 , 2026 March 31 , 2026 million yen Total assets Net assets Capital adequacy ratio Million yen 15,280 15,499 Million yen 11,957 % 73.7 11,747 71.1 ( Reference ) Owner's equity First quarter of fiscal year ending March 2027 11,258 million yen Fiscal year ended March 2026 11,026
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2. Cash dividends Annual cash dividends per share End of the first quarter End of the second quarter End of the third quarter Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 - 0.00 - 0.00 0.00 Fiscal year ending March 31, 2027 - Fiscal year ending March 31, 2027 (Forecast) 0.00 - 0.00 0.00 (Note) Whether there has been any revision to the most recently announced dividend forecast: No 3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2027 (from April 01, 2026 to March 31, 2027) (Percentages indicate YoY changes) Revenue Recurring revenue EBITDA Million yen % Million yen % Million yen % Fiscal year ending March 31, 2027 15,124 21.7 11,421 22.8 1,650 34.3 Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Million yen % Million yen % Million yen % Yen Full-year 1,122 28.8 1,073 25.1 706 11.8 15.49 (Note) Correction of financial forecast from the most recent financial forecast : None * Notes (1) Significant changes in the scope of consolidation during the period : None (2) Applying of specific accounting of the consolidated quarterly financial statements : None (3) Changes in accounting policies, Changes in accounting estimates, Retrospective restatement (i) Changes in accounting policies based on revisions of accounting standard : None (ii) Accounting policy changes other than (i) : None (iii) Changes in accounting estimates : None (iv) Retrospective restatement : None (4) Number of shares issued (Common stock) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 45,740,509 shares As of March 31, 2026 45,579,505 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 30 shares As of March 31, 2026 30 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 45,669,708 shares Three months ended June 30, 2025 45,205,483 shares
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* Review of attached consolidated quarterly financial statements by a certified public accountant or an audit firm : None * Explanation concerning the appropriate use of Forecasts and other special notes (Cautionary Statement Regarding Forward-Looking Statements, etc.) Forward -looking statements, including performance forecasts, contained in this material are based on information currently available to the Company and certain assumptions that the Compa ny considers reasonable, and are not intended to constitute a commitment by the Company that they will be achieved. Actual performance, etc., may differ significantly due to various factors.
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Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheets (Unit: Thousands of yen) Previous consolidated fiscal year (March 31, 2026) Current first-quarter consolidated accounting period (June 30, 2026) Assets Current assets Cash and deposits 9,269,384 9,255,213 Accounts receivable - trade, and contract assets 2,312,269 2,009,011 Merchandise 592,765 581,929 Other 695,232 786,280 Allowance for doubtful accounts (69,657) (74,376) Total current assets 12,799,994 12,558,058 Non-current assets Property, plant and equipment Buildings and structures, net 45,884 44,227 Machinery and equipment, net 355,730 341,913 Construction in progress 3,201 3,201 Other (net) 106,471 99,496 Total property, plant and equipment 511,287 488,839 Intangible assets Software 711,362 725,929 Software in progress 213,214 266,475 Goodwill 691,580 667,547 Other 115,952 128,593 Total intangible assets 1,732,109 1,788,545 Investments and other assets Investment securities 49,996 49,996 Deferred tax assets 294,770 284,751 Other 321,768 279,680 Allowance for doubtful accounts (219,464) (177,356) Total investments and other assets 447,071 437,072 Total non-current assets 2,690,469 2,714,457 Deferred assets Share issuance costs 9,483 7,518 Total deferred assets 9,483 7,518 Total assets 15,499,947 15,280,033
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(Unit: Thousands of yen) Previous consolidated fiscal year (March 31, 2026) Current first-quarter consolidated accounting period (June 30, 2026) Liabilities Current liabilities Accounts payable - trade 756,310 659,441 Current portion of long-term borrowings 249,996 249,996 Lease liabilities 12,034 11,718 Contract liabilities 1,148,733 1,134,558 Provision for bonuses 188,467 174,920 Provision for shareholder benefit program 493 2,929 Income taxes payable 203,532 50,799 Other 653,234 565,379 Total current liabilities 3,212,802 2,849,744 Non-current liabilities Long-term borrowings 437,509 375,010 Lease liabilities 67,918 62,505 Asset retirement obligations 24,480 24,549 Other 9,506 10,715 Total non-current liabilities 539,414 472,780 Total liabilities 3,752,216 3,322,524 Net assets Shareholders' equity Share capital 2,851,859 2,890,183 Capital surplus 5,904,310 5,942,634 Retained earnings 1,964,571 2,136,524 Treasury shares (42) (42) Total shareholders' equity 10,720,698 10,969,299 Accumulated other comprehensive income Foreign currency translation adjustment 305,657 289,031 Total accumulated other comprehensive income 305,657 289,031 Share acquisition rights 305,687 310,082 Non-controlling interests 415,687 389,094 Total net assets 11,747,730 11,957,508 Total liabilities and net assets 15,499,947 15,280,033
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(2) Quarterly Consolidated Statements of Income First-quarter consolidated cumulative period (Unit: Thousands of yen) Previous first-quarter consolidated cumulative period (From April 1, 2025 Through June 30, 2025) Current first-quarter consolidated cumulative period (From April 1, 2026 Through June 30, 2026) Revenue 2,225,874 3,384,727 Cost of sales 1,001,934 1,795,313 Gross profit 1,223,939 1,589,414 Selling, general and administrative expenses 1,096,486 1,373,662 Operating profit 127,453 215,751 Non-operating income Interest income 3 131 Gain on forgiveness of debts 107 - Other 19 119 Total non-operating income 130 250 Non-operating expenses Interest expenses 2,410 3,262 Foreign exchange losses 3,354 7,681 Share issuance costs 2,160 2,233 Total non-operating expenses 7,925 13,178 Ordinary profit 119,658 202,823 Income before income taxes 119,658 202,823 Income taxes - current 19,850 45,922 Income taxes - deferred (622) 11,541 Total income taxes 19,228 57,463 Net income 100,429 145,360 Loss attributable to non-controlling interests (12,062) (26,592) Profit attributable to owners of parent 112,492 171,953
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Quarterly Consolidated Statement of Comprehensive Income First-quarter consolidated cumulative period (Unit: Thousands of yen) Previous first-quarter consolidated cumulative period (From April 1, 2025 Through June 30, 2025) Current first-quarter consolidated cumulative period (From April 1, 2026 Through June 30, 2026) Net income 100,429 145,360 Other comprehensive income Foreign currency translation adjustment (56,665) (16,625) Total other comprehensive income (56,665) (16,625) Comprehensive income 43,764 128,734 Profit attributable to Comprehensive income attributable to owners of parent 55,826 155,327 Comprehensive income attributable to non-controlling interests (12,062) (26,592)