Interim report
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Consolidated Financial Results for the First Half of FY2026 [J-GAAP] (November 7, 2025) Listed company name: NIPPN CORPORATION Listing: The Prime Market of the Tokyo Stock Exchange Code number: 2001 URL https://www.nippn.co.jp/en/index.html Representative: Toshiya Maezuru, President and CEO Contact: Hideaki Kataoka, General Manager of Corporate Communications Div. TEL +81-3-3511-5307 Scheduled date for submission of the semiannual securities report November 10, 2025 Start of cash dividend payments December 3, 2025 Supplementary materials prepared: Yes Results information meeting held: Yes (for institutional investors and analysts) *Amounts less than one million yen have been rounded down. 1. Consolidated financial results for the first half of FY2026 (From April 1, 2025 to September 30, 2025) (1) Consolidated operating results (cumulative) (Millions of yen, percentage figures show the rate of change from the same period of the previous year.) Net Sales Operating Income Ordinary Income Profit Attributable to Owners of Parent First half of FY2026 207,903 1.5% 10,855 3.1% 12,130 0.3% 9,269 (34.0)% First half of FY2025 204,909 3.0% 10,524 (4.6)% 12,092 (3.6)% 14,039 65.4% (Note) Comprehensive income: First half of FY2026 ¥12,671 million [(31.4%)] First half of FY2025 ¥18,467 million [5.4%] Profit per Share (Yen) Fully Diluted Profit per Share (Yen) First half of FY2026 112.20 107.66 First half of FY2025 179.96 156.96 (2) Consolidated financial position (Millions of yen) Total Assets Net Assets Equity Ratio First half of FY2026 421,508 272,506 62.9% FY2025 399,226 246,484 60.7% (Reference) Equity capital: First half of FY2026 ¥265,337 million FY2025 ¥242,140 million 2. Dividends Dividends per Share (Yen) 1Q-end 2Q-end 3Q-end Year-end Full Year FY2025 — 33.00 — 33.00 66.00 FY2026 — 33.00 FY2026 (Forecast) — 33.00 66.00 (Note) Adjustment for the most recent forecast of the dividends in the current term: None 3. Forecast of consolidated financial results for FY 2026 (From April 1, 2025 to March 31, 2026) (Millions of yen, percentage figures show the rate of changes from the same period of the previous year.) Net Sales Operating Income Ordinary Income Profit Attributable to Owners of Parent Profit per Share (Yen) Full Year 424,000 3.2% 21,500 0.1% 24,500 0.4% 20,200 (18.4)% 258.80 (Note) Adjustment for the most recent forecast of the consolidated financial results in the current term: None 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.
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* Notes (1) Significant changes in the scope of consolidation during the current quarter: Yes New 1 company (company name) HATANAKA FOODS Co., Ltd. (2) Adoption of special accounting methods for preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, accounting estimates, and retrospective restatements 1) Changes in accounting policies due to revisions of accounting standards : None 2) Changes other than 1) : None 3) Changes in accounting estimates : None 4) Retrospective restatements : None (4) Number of shares issued and outstanding (common stock) 1) Number of shares outstanding at the end of each period (including treasury shares): First half of FY2026 84,727,163 shares FY2025 78,824,009 shares 2) Number of treasury shares at the end of each period: First half of FY2026 510,069 shares FY2025 771,273 shares 3) Average number of shares (quarterly consolidated cumulative period): First half of FY2026 82,617,156 shares First half of FY2025 78,010,600 shares (Note) The number of treasury shares at the end of the period includes our shares (219,500 shares at the end of the first half of FY2026, 225,900 shares at the end of FY2025) held by Custody Bank of Japan, Ltd. (Trust E Account). The number of treasury shares deducted in calculating the average number of shares during the period includes the Company’s shares of 222,700 shares at the end of the first half of FY2026 and 235,300 shares at the end of the first half of FY2025) held by Custody Bank of Japan, Ltd. (Trust E Account). * These consolidated financial results for the first half are outside the scope of review by certified public accountants or an audit corporation. * Explanation regarding the appropriate use of projected financial results and other special instructions Descriptions regarding the future, including the financial outlook contained in this material, are based on certain information currently available to us and particular assumptions, which are, at our discretion, deemed reasonable, and actual financial results may significantly vary due to various factors. Please refer to “1. Qualitative Information on Quarterly Consolidated Financial Results (3) Information on forecast of the consolidated financial results” on page 5 for information on preconditions underlying the above outlook and other related information.
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- 1 - Contents 1. Qualitative Information on Quarterly Consolidated Financial Results ....................................................................... 2 (1) Overview of business results ...................................................................................................................................... 2 (2) Overview of financial position .................................................................................................................................... 4 (3) Information on forecast of the consolidated financial results ................................................................................... 5 2. Quarterly Consolidated Financial Statements and Primary Notes .............................................................................. 6 (1) Quarterly consolidated balance sheets ...................................................................................................................... 6 (2) Quarterly consolidated statements of income and comprehensive income ............................................................ 8 (Quarterly consolidated statements of income) ..................................................................................................... 8 (Quarterly consolidated statements of comprehensive income) ........................................................................... 9 (3) Quarterly consolidated statements of cash flows ...................................................................................................... 10 (4) Notes on quarterly consolidated financial statements .............................................................................................. 12 (Notes on going concern assumption) ...................................................................................................................... 12 (Notes to significant changes in the amount of shareholders' equity) ................................................................... 12 (Notes on segment information, etc.) ....................................................................................................................... 13 (Important subsequent events) ................................................................................................................................ 14
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- 2 - 1. Qualitative Information on Quarterly Consolidated Financial Results (1) Overview of business results (Millions of yen) First six months of Fiscal 2025 First six months of Fiscal 2026 Difference Change Net sales 204,909 207,903 2,994 101.5% Operating income 10,524 10,855 330 103.1% Ordinary income 12,092 12,130 37 100.3% Profit attributable to owners of parent 14,039 9,269 (4,769) 66.0% During the first six months of the fiscal year ending March 31, 2026, the Japanese economy has continued to gradually recover against the background of factors such as improvements in the income environment. On the other hand, it is expected that uncertain circumstances will continue in the future, due to the persistent inflation, the labor shortages, and the unstable international situation, such as the trends in the international trade policy of the United States. In the food industry, we continued to pay close attention to the impact on our business environment of factors, such as high raw material prices and logistics costs, and consumer inclination toward spending less due to the inflation. In these circumstances, we are striving to continuously improve our corporate value based on the management philosophy of “Contributing to the realization of a sustainable society by pursuing the well - being (happiness, health, and smiles) of people.” During the first six months of fiscal 2026, as an effort to strengthen our earning capacity, we thoroughly implemented “consumer-based marketing” in all business areas including not only the home use food product category but also the professional use food product category, and we worked to expand our revenue by further raising our brand awareness. In addition, as an effort to expand our growth areas, we included HATANAKA FOODS Co., Ltd. as a consolidated subsidiary in April 2025, and commenced construction of a new plant for frozen foods, in order to enhance our supply system in the light of growth of the demand for frozen foods. Further, the plant constructed by Utah Flour Milling, LLC (“Utah Flour Milling ”), in which we have invested, has commenced full-scaled operations. We will work to expand the sales channels in the U.S. market and supply more competitive products, by combining Utah Flour Milling’s U.S. flour milling know-how and our manufacturing and operating management expertise. For the consolidated financial results in the first six months of fiscal 2026, net sales increased by 1.5% year-on-year to ¥207,903 million due to factors such as the expansion of inbound tourism consumption, sales promotion based on the marketing strategy, as well as price revisions implemented due to various rising costs. In terms of profit, despite an increase in various costs, including raw material costs, personnel costs and logistics costs in each business, due to steady sales, operating income increa sed by 3.1% year-on-year to ¥10,855 million and ordinary income increased by 0.3% year-on-year to ¥12,130 million. On the other hand, due to extraordinary gains from the sale of idle land in the previous year, profit attributable to owners of parent decreased by 34.0% year-on-year to ¥9,269 million. The performance of individual business segments was as follows.
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- 3 - 1) Flour Milling (Millions of yen) First six months of Fiscal 2025 First six months of Fiscal 2026 Difference Change Net sales 60,483 60,303 (179) 99.7% Operating income 4,374 4,677 303 106.9% In the Flour Milling business, although sales remained steady, due to the impact of the price revision for wheat flour following the reduction of the government selling price of foreign wheat in October last year, net sales decreased by 0.3% year-on-year to ¥60,303 million, and operating income increased by 6.9% year-on- year to ¥4,677 million. Due to the revision of the government selling price of foreign wheat in April this year and rising costs such as logistics and personnel costs, we have revised the price of wheat flour for professional use in July this year. 2) Food (Millions of yen) First six months of Fiscal 2025 First six months of Fiscal 2026 Difference Change Net sales 119,620 122,203 2,582 102.2% Operating income 4,900 4,875 (24) 99.5% In the professional use food product category, net sales increased year-on-year, due to factors, such as the expansion of inbound tourism consumption and the steady sales of the Overseas business. In the home use food product category, net sales decreased year-on-year, due to consumer’s stronger inclination toward spending less , despite sales promotion based on our marketing initiatives increased the sales volume of “Chewy and Delicious Spaghetti” series and helped maintaining steady sales volume of frozen food products such as “One Plate Meal” series and “Trendy Meal” series, which are ready to be served in a tray and can be used as a complete meal by itself. In the Nakashoku (Ready-made meal) business, net sales increased year-on-year due to steady sales and implementation of price revisions following the rising costs such as raw material costs. As a result, net sales of the Food Business increased by 2.2% year-on-year to ¥122,203 million, and operating income decreased by 0.5% year-on-year to ¥4,875 million. 3) Other (Millions of yen) First six months of Fiscal 2025 First six months of Fiscal 2026 Difference Change Net sales 24,804 25,396 591 102.4% Operating income 1,295 1,294 (1) 99.9% In the Pet Food business, net sales increased year-on-year, due to sales volume growth, etc. In the Food Service business, net sales increased year-on-year, due to strong sales and price revisions implemented in the current fiscal year. As a result, net sales of the Other businesses increased by 2.4% year-on-year to ¥25,396 million, and operating income decreased by 0.1% year-on-year to ¥1,294 million.
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- 4 - (2) Overview of financial position 1) Assets, liabilities and net assets (Millions of yen) As of March 31, 2025 As of September 30, 2025 Difference Current assets 159,014 163,761 4,747 Non-current assets 240,210 257,746 17,535 Deferred assets 1 — (1) Total assets 399,226 421,508 22,281 Current liabilities 104,407 77,779 (26,628) Non-current liabilities 48,334 71,222 22,887 Total liabilities 152,742 149,001 (3,740) Total net assets 246,484 272,506 26,022 Total liabilities and net assets 399,226 421,508 22,281 Total assets at the end of the first half of fiscal 2026 increased by ¥22,281 million from the previous fiscal year-end (March 31, 2025) to ¥421,508 million. This was mainly because property, plant and equipment; investment securities; merchandise and fini shed goods; intangible assets; cash and deposits, increased by ¥8,188 million, ¥6,298 million, ¥3,158 million, ¥1,515 million, and ¥1,218 million, respectively. Total liabilities decreased by ¥3,740 million from the previous fiscal year -end to ¥149,001 million. This was mainly because long-term loans payable, other non-current liabilities, other current liabilities, and short- term loans payable increased by ¥19,99 2 million, ¥2,358 million, ¥1,268 million, and ¥884 million, respectively, and convertible bond -type bonds with subscription rights to shares, and notes and accounts payable - trade decreased by ¥25,002 million, and ¥3,851 million, respectively. Total net assets increased by ¥26,022 million from the previous fiscal year-end to ¥272,506 million. This was mainly because retained earnings, capital surplus, capital stock, unrealized holding gain (loss es) on securities, and non-controlling interests increased by ¥6,681 million, ¥6,485 million, ¥6,430 million, ¥4,627 million, and ¥2,842 million, respectively. 2) Cash flows (Millions of yen) First six months of FY2025 First six months of FY2026 Difference Cash flows from operating activities 6,585 9,000 2,415 Cash flows from investing activities (3,307) (13,496) (10,188) Cash flows from financing activities (5,046) 5,378 10,424 Effect of exchange rate changes on cash and cash equivalents 356 (463) (820) Net increase (decrease) in cash and cash equivalents (1,411) 418 1,830 Cash and cash equivalents at end of period 39,316 41,890 2,574 The balance of cash and cash equivalents at the end of the first half of fiscal 2026 stood at ¥41,890 million, an increase of ¥418 million compared with the previous fiscal year -end. The conditions of cash flows were as follows.
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- 5 - (Cash flows from operating activities) Net cash provided by operating activities amounted to ¥9,000 million (compared to ¥6,585 million in the same period of the previous year). This mainly reflected ¥13,684 million for profit before income taxes, ¥5,257 million for depreciation, ¥4,156 million for income taxes paid, ¥3,872 million for increase in inventories, and ¥3,174 million for decrease in notes and accounts payable - trade. (Cash flows from investing activities) Net cash used in investing activities amounted to ¥13,496 million (compared to ¥3,307 million in the same period of the previous year). This mainly reflected ¥1,895 million for proceeds from sale and redemption of investment securities, ¥1,743 million for proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation, ¥13,007 million for purchase of fixed assets, and ¥2,000 million for purchase of securities. (Cash flows from financing activities) Net cash provided by financing activities amounted to ¥5,378 million (compared to net cash used in financing activities of ¥5,046 million in the same period of the previous year). This mainly reflected ¥11,600 million for redemption of convertible bond-type bonds with subscription rights to shares, ¥2,588 million for cash dividends paid, and ¥21,300 million for proceeds from long-term loans payable. (3) Information on forecast of the consolidated financial results For the full year, the forecast of the consolidated financial results announced on May 13, 2025 has been unchanged. With regard to dividends, we plan to pay total cash dividends of ¥66 per share for the full year ending March 31, 2026, unchanged from the forecast.
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- 6 - 2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly consolidated balance sheets (Millions of yen) FY2025 (As of March 31, 2025) First six months of FY2026 (As of September 30, 2025) Assets Current assets Cash and deposits 44,945 46,163 Notes and accounts receivable - trade and contract assets 58,128 56,971 Merchandise and finished goods 26,626 29,785 Work in process 109 639 Raw materials and supplies 22,687 22,994 Other current assets 6,542 7,230 Allowance for doubtful accounts (25) (23) Total current assets 159,014 163,761 Non-current assets Property, plant and equipment Buildings and structures, net 48,537 47,776 Machinery, equipment, and vehicles, net 23,099 22,363 Land 45,862 46,274 Construction in progress 13,022 22,421 Other, net 3,890 3,764 Total property, plant, and equipment 134,412 142,600 Intangible assets Goodwill 809 2,204 Other 1,213 1,334 Total intangible assets 2,023 3,538 Investments and other assets Investment securities 85,530 91,828 Other 18,517 20,037 Allowance for doubtful accounts (271) (257) Total investments and other assets 103,775 111,607 Total non-current assets 240,210 257,746 Deferred assets 1 — Total assets 399,226 421,508
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- 7 - (Millions of yen) FY2025 (As of March 31, 2025) First six months of FY2026 (As of September 30, 2025) Liabilities Current liabilities Notes and accounts payable - trade 34,279 30,428 Short-term loans payable 17,341 18,226 Current portion of convertible bond-type bonds with subscription rights to shares 25,002 — Income taxes payable 3,998 4,051 Provision for bonuses 961 979 Other 22,824 24,093 Total current liabilities 104,407 77,779 Non-current liabilities Long-term loans payable 14,685 34,678 Retirement benefit liabilities 3,641 4,194 Accrued retirement benefits for directors 361 329 Provision for share awards for directors (and other officers) 102 118 Other 29,543 31,901 Total non-current liabilities 48,334 71,222 Total liabilities 152,742 149,001 Net assets Shareholders’ equity Capital stock 12,240 18,670 Capital surplus 9,758 16,244 Retained earnings 170,683 177,364 Treasury shares (1,183) (751) Total shareholders’ equity 191,499 211,528 Accumulated other comprehensive income Unrealized holding gain (loss) on securities 41,317 45,944 Deferred gain (loss) on hedges (23) 15 Foreign currency translation adjustments 5,148 3,845 Retirement benefit liability adjustments 4,199 4,003 Total accumulated other comprehensive income 50,641 53,809 Subscription rights to shares 115 98 Non-controlling interests 4,227 7,070 Total net assets 246,484 272,506 Total liabilities and net assets 399,226 421,508
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- 8 - (2) Quarterly consolidated statements of income and comprehensive income (Quarterly consolidated statements of income) (Millions of yen) First six months of FY2025 (From April 1, 2024 to September 30, 2024) First six months of FY2026 (From April 1, 2025 to September 30, 2025) Net sales 204,909 207,903 Cost of sales 155,644 155,695 Gross profit 49,264 52,208 Selling, general and administrative expenses 38,740 41,353 Operating income 10,524 10,855 Non-operating income Interest income 63 307 Dividend income 1,132 1,318 Other 632 277 Total non-operating income 1,828 1,903 Non-operating expenses Interest expenses 120 237 Share of loss of entities accounted for using equity method 19 186 Other 120 204 Total non-operating expenses 260 628 Ordinary income 12,092 12,130 Extraordinary income Gain on sale of fixed assets 8,465 1 Gain on sale of investment securities 89 1,753 Total extraordinary income 8,554 1,754 Extraordinary expenses Loss on sale and disposal of fixed assets 44 35 Loss resulting from disaster — 113 Loss of valuation of investment securities 72 — Other 13 50 Total extraordinary expenses 131 200 Profit before income taxes 20,515 13,684 Income taxes - current 5,692 4,064 Income taxes - deferred 566 131 Total income taxes 6,259 4,195 Profit 14,256 9,488 Profit attributable to non-controlling interests 217 218 Profit attributable to owners of parent 14,039 9,269
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- 9 - (Quarterly consolidated statements of comprehensive income) (Millions of yen) First six months of FY2025 (From April 1, 2024 to September 30, 2024) First six months of FY2026 (From April 1, 2025 to September 30, 2025) Profit 14,256 9,488 Other comprehensive income (loss) Unrealized holding gain (loss) on securities 2,706 4,641 Deferred gain (loss) on hedges (85) 40 Foreign currency translation adjustments 1,127 (1,007) Retirement benefit liability adjustments (101) (195) Share of other comprehensive income of entities accounted for using equity method 564 (295) Total other comprehensive income (loss) 4,211 3,182 Comprehensive income 18,467 12,671 (Comprehensive income attributable to) Comprehensive income attributable to owners of parent 18,244 12,436 Comprehensive income attributable to non-controlling interests 223 234
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- 10 - (3) Quarterly consolidated statements of cash flows (Millions of yen) First six months of FY2025 (From April 1, 2024 to September 30, 2024) First six months of FY2026 (From April 1, 2025 to September 30, 2025) Cash flows from operating activities Profit before income taxes 20,515 13,684 Depreciation 5,250 5,257 Increase (decrease) in allowance for doubtful accounts (13) (19) Interest and dividend income (1,195) (1,625) Interest expenses 120 237 Loss (gain) on sale of investment securities (99) (1,764) Loss (gain) on valuation of investment securities 72 — Equity in (earnings) losses of unconsolidated subsidiaries and affiliates 19 186 Foreign exchange losses (gains) (187) 78 Loss (gain) on sale of fixed assets (8,455) 7 Loss on disposal of fixed assets 43 32 Loss resulting from disaster — 113 Decrease (increase) in notes and accounts receivable - trade 2,495 938 Decrease (increase) in inventories (6,223) (3,872) Increase (decrease) in notes and accounts payable - trade 1,839 (3,174) Other (1,442) 1,588 Subtotal 12,739 11,666 Interest and dividend income received 1,224 1,647 Interest expenses paid (113) (157) Income taxes paid (7,265) (4,156) Cash flows from operating activities 6,585 9,000 Cash flows from investing activities Decrease (increase) in time deposits (8) (959) Purchase of securities (4,030) (2,000) Proceeds from sale and redemption of securities 4,029 — Purchase of investment securities (755) (162) Proceeds from sale and redemption of investment securities 153 1,895 Purchase of fixed assets (9,302) (13,007) Proceeds from sale of fixed assets 8,254 12 Payments of loans receivable (1,579) (968) Collection of loans receivable 9 8 Purchase of shares of subsidiaries resulting in change in scope of consolidation — 1,743 Other (78) (58) Cash flows from investing activities (3,307) (13,496)
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- 11 - (Millions of yen) First six months of FY2025 (From April 1, 2024 to September 30, 2024) First six months of FY2026 (From April 1, 2025 to September 30, 2025) Cash flows from financing activities Net increase (decrease) in short-term loans payable (791) (584) Proceeds from long-term loans payable 230 21,300 Repayment of long-term loans payable (1,189) (839) Redemption of bonds (128) — Redemption of convertible bond-type bonds with subscription rights to shares — (11,600) Purchase of treasury shares (0) (0) Proceeds from sale of treasury shares 26 11 Repayments of lease obligations (176) (187) Cash dividends paid (2,977) (2,588) Dividends paid to non-controlling interests (39) (28) Purchase of shares of subsidiaries not resulting in change in scope of consolidation — (104) Cash flows from financing activities (5,046) 5,378 Effect of exchange rate changes on cash and cash equivalents 356 (463) Net increase (decrease) in cash and cash equivalents (1,411) 418 Cash and cash equivalents at beginning of period 40,728 41,471 Cash and cash equivalents at end of period 39,316 41,890
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- 12 - (4) Notes on quarterly consolidated financial statements (Notes on going concern assumption) Not applicable. (Notes on significant changes in the amount of shareholders' equity) Not applicable.
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- 13 - (Segment information, etc.) [Segment information] I. First Half of FY2025 (From April 1, 2024 to September 30, 2024) 1. Information on net sales and income (loss) by reportable segment and composition of revenue (Millions of yen) Reportable segments Other Note: 1 Total Adjustments Note: 2 Amount recorded in quarterly consolidated statements of income Note: 3 Flour Milling Food Total Net sales Revenue from contracts with customers 60,483 119,597 180,081 24,325 204,406 — 204,406 Other revenue — 23 23 479 502 — 502 Net sales to external customers 60,483 119,620 180,104 24,804 204,909 — 204,909 Internal sales or transfers between segments 1,383 599 1,982 1,773 3,755 (3,755) — Total 61,867 120,219 182,087 26,578 208,665 (3,755) 204,909 Segment income 4,374 4,900 9,274 1,295 10,570 (45) 10,524 Notes: 1. The “Other” column indicates businesses not included in the reportable segments, including Pet Food, Health Food, Engineering, Food Service, and Real Estate Leasing business. 2. Segment income adjustment of ¥(45) million refers to elimination of inter-segment transactions. 3. Segment income is adjusted to reconcile total segment income to operating income in the quarterly consolidated statements of income. 2. Information on Impairment losses on non-current assets, goodwill, etc., by reportable segment Not applicable.
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- 14 - II. First Half of FY2026 (From April 1, 2025 to September 30, 2025) 1. Information on net sales and income (loss) by reportable segment and composition of revenue (Millions of yen) Reportable segments Other Note: 1 Total Adjustments Note: 2 Amount recorded in quarterly consolidated statements of income Note: 3 Flour Milling Food Total Net sales Revenue from contracts with customers 60,303 122,180 182,484 24,902 207,386 — 207,386 Other revenue — 23 23 493 517 — 517 Net sales to external customers 60,303 122,203 182,507 25,396 207,903 — 207,903 Internal sales or transfers between segments 1,426 468 1,894 1,654 3,548 (3,548) — Total 61,730 122,671 184,402 27,050 211,452 (3,548) 207,903 Segment income 4,677 4,875 9,553 1,294 10,847 7 10,855 Notes: 1. The “Other” column indicates businesses not included in the reportable segments, including Pet Food, Health Food, Engineering, Food Service, and Real Estate Leasing business. 2. Segment income adjustment of ¥7 million refers to elimination of inter-segment transactions. 3. Segment income is adjusted to reconcile total segment income to operating income in the quarterly consolidated statements of income. 2. Information on Impairment losses on non-current assets, goodwill, etc., by reportable segment Not applicable. (Important subsequent events) (Acquisition of own shares) We resolved to acquire our own shares under the provisions of Article 459, paragraph (1) of the Companies Act, and our Articles of Incorporation, at a meeting of the board of directors held on October 14, 2025. 1. Purpose of the Acquisition We resolved to acquire our own shares in order to improve shareholder returns and capital efficiency as well as mitigate the impact of the secondary offering of ordinary shares announced on October 14, 2025 in the press release tiled “Notice Regarding Secondary Offering of Shares” on demand for our shares. 2. Details of the Acquisition 1) Class of shares to be purchased Common stock of the Company 2) Total number of shares authorized to be acquired 2,200,000 shares (maximum) 3) Total purchase amount of shares to be acquired ¥4,000 million (maximum) 4) Acquisition period From Tuesday, November 25, 2025 to Tuesday, March 31, 2026 5) Method of Acquisition Market purchase on Tokyo Stock Exchange, Inc.