Interim report
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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. September 14, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee TTTTThhhhhrrrrreeeeeeeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd JJJJJuuuuulllllyyyyy 3333311111,,,,, 22222000002222266666 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: Smaregi, Inc. Listing: Tokyo Stock Exchange Securities code: 4431 URL: https://corp.smaregi.jp/ Representative: Ryuhei Miyazaki Representative Director Inquiries: Megumi Shikichi General Manager of Administration Telephone: +81-6-7777-1772 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (Yen amounts are rounded down to millions, unless otherwise noted.) 11111..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee ttttthhhhhrrrrreeeeeeeeee mmmmmooooonnnnnttttthhhhhsssss eeeeennnnndddddeeeeeddddd JJJJJuuuuulllllyyyyy 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm MMMMMaaaaayyyyy 11111,,,,, 22222000002222266666 tttttooooo JJJJJuuuuulllllyyyyy 3333311111,,,,, 22222000002222266666))))) (((((11111))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg rrrrreeeeesssssuuuuullllltttttsssss (((((cccccuuuuummmmmuuuuulllllaaaaatttttiiiiivvvvveeeee))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 31, 2026 3,608 19.7 1,027 73.3 1,022 71.8 683 77.4 July 31, 2025 3,013 - 592 - 595 - 385 - Note: Comprehensive income For the three months ended July 31, 2026: ¥ 683 million [ 77.4%] For the three months ended July 31, 2025: ¥ 385 million [ -%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen July 31, 2026 35.50 35.46 July 31, 2025 20.02 19.99 Note1:The provisional accounting treatment for the business combination was finalized in the second quarter of the fiscal year ending April 30, 2026. Accordingly, the figures for the first quarter of the fiscal year ending April 30, 2026 reflect the finalization of the provisional accounting treatment. Note2:As the Company has prepared quarterly consolidated financial statements since the third quarter of the fiscal year ended April 30, 2025, the percentage changes from the same quarter of the previous fiscal year are not presented for the first quarter of the fiscal year ending April 30, 2026. (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % July 31, 2026 13,856 9,833 71.0 April 30, 2026 14,080 9,612 68.3 Reference: Equity As of July 31, 2026: ¥ 9,833 million As of April 30, 2026: ¥ 9,612 million
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 0.00 - 24.00 24.00April 30, 2026 Fiscal year ending -April 30, 2027 Fiscal year ending April 30, 2027 (Forecast) 0.00 - 29.00 29.00 Note: Revisions to the forecast of cash dividends most recently announced: None 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg AAAAAppppprrrrriiiiilllll 3333300000,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm MMMMMaaaaayyyyy 11111,,,,, 22222000002222266666 tttttooooo AAAAAppppprrrrriiiiilllll 3333300000,,,,, 22222000002222277777))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 15,387 15.3 4,004 24.5 4,004 25.7 2,781 24.8 144.38 Note: Revisions to the financial result forecast most recently announced: None ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 1 companies( Smaregi Payment, Inc. ) Excluded: 1 companies( Netshop supporters Co., Ltd. ) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of July 31, 2026 19,693,800 shares As of April 30, 2026 19,693,800 shares (ii) Number of treasury shares at the end of the period As of July 31, 2026 431,503 shares As of April 30, 2026 431,503 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended July 31, 2026 19,262,297 shares Three months ended July 31, 2025 19,260,996 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
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Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet (Thousands of yen) As of April 30, 2026 As of July 31, 2026 Assets Current assets Cash and deposits 8,138,218 7,660,152 Accounts receivable - trade 1,101,008 1,025,944 Merchandise 844,895 1,170,550 Accounts receivable - other 610,366 654,087 Other 390,089 398,453 Allowance for doubtful accounts (64,264) (63,260) Total current assets 11,020,314 10,845,927 Non-current assets Property, plant and equipment 840,594 901,103 Intangible assets Goodwill 366,202 349,618 Customer-related intangible assets 724,015 708,348 Other 524,275 593,751 Total intangible assets 1,614,493 1,651,718 Investments and other assets 605,451 458,141 Total non-current assets 3,060,539 3,010,963 Total assets 14,080,853 13,856,891
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(Thousands of yen) As of April 30, 2026 As of July 31, 2026 Liabilities Current liabilities Accounts payable - trade 356,674 289,331 Short-term borrowings 100,000 100,000 Accounts payable - other 1,053,083 1,160,370 Income taxes payable 657,042 380,076 Deposits received 1,045,264 1,119,113 Provision for bonuses 18,456 110,036 Other 803,931 654,439 Total current liabilities 4,034,452 3,813,368 Non-current liabilities Asset retirement obligations 211,691 206,362 Other 221,836 3,802 Total non-current liabilities 433,527 210,165 Total liabilities 4,467,980 4,023,533 Net assets Shareholders' equity Share capital 1,156,198 1,156,198 Capital surplus 1,184,951 1,184,951 Retained earnings 7,869,629 8,090,112 Treasury shares (597,905) (597,905) Total shareholders' equity 9,612,873 9,833,357 Total net assets 9,612,873 9,833,357 Total liabilities and net assets 14,080,853 13,856,891
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Thousands of yen) For the three months ended July 31, 2025 For the three months ended July 31, 2026 Net sales 3,013,994 3,608,158 Cost of sales 1,029,146 1,129,407 Gross profit 1,984,847 2,478,751 Selling, general and administrative expenses 1,391,869 1,451,238 Operating profit 592,977 1,027,512 Non-operating income Interest income 87 272 Other 3,058 2,563 Total non-operating income 3,145 2,836 Non-operating expenses Interest expenses 215 318 Loss on retirement of non-current assets 0 2,366 Other 457 4,681 Total non-operating expenses 673 7,366 Ordinary profit 595,449 1,022,982 Profit before income taxes 595,449 1,022,982 Income taxes - current 193,437 353,368 Income taxes - deferred 16,411 (14,257) Total income taxes 209,849 339,110 Profit 385,599 683,872 Profit attributable to owners of parent 385,599 683,872
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Thousands of yen) For the three months ended July 31, 2025 For the three months ended July 31, 2026 Profit 385,599 683,872 Comprehensive income 385,599 683,872 Comprehensive income attributable to Comprehensive income attributable to owners of parent 385,599 683,872 Comprehensive income attributable to non-controlling interests - -