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UNIVERSAL = ENTERTAINMENT : Securities Code : 6425 Universal Entertainment Corporation Second Quarter of Fiscal Year 2026 Financial Results Presentation Materials August 7 , 2026
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©UNIVERSAL ENTERTAINMENT Table of Content 2 2Q of FY2026 Financial Results Overview Important Issues to Cover Consolidated Statement of Income (Summary) Trend in Consolidated Earnings Factors Affecting Changes in Adjusted EBITDA Consolidated Balance Sheet (Summary) 4 5 6 7 8 2Q of FY2026 Overview Amusement Equipments Business Overview and Outlook for 2Q of FY2026 Sales Volume 10 11 2Q of FY2026 Overview Integrated Resort (IR) Business Overview and Outlook for 2Q of FY2026 (Reference) Revenue of TRLEI Initiatives by Segments Topics 13 14 15 16 Appendix Consolidated Statement of Income Consolidated Balance Sheet Operating Results (by Segment) Operating Results (Amusement Equipments Business) 19 20 21 22
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2Q of FY2026 Financial Results Overview
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©UNIVERSAL ENTERTAINMENT Important Issues to Cover 4 ・In the first half of this fiscal year, the Amusement Equipment Business performed well, while the Integrated Resort (IR) Business struggled due to intensified competition. ・In the second half, the Amusement Equipment Business will continue to soar, and the Integrated Resort (IR) Business, which isundergoing various initiatives, aims to turn a profit. First Half Results ・The Amusement Equipments Business is performing well, mainly with the launch of the major title “MILLION GOD: KAMIGAMI NO KISEKI,” achieving both revenue and profit growth compared to the same period last year. ・The Integrated Resort (IR) Business is in Manila’s Entertainment City VIP slump, intensified competition, domestic political situation, and the impact of Middle East conflicts have led to domestic economic issues. Hence, there is a decline in revenue and profit compared to the same period last year Outlook for the Second Half of the Year ・The Amusement Equipments Business plans to launch another major title in Q4 ・The Integrated Resort (IR) Business is based on “OKADA ONLINE CASINO” and "OKADA PLAY," promotion for MICE, strengthening attraction of Japanese tourists ⇒Driven by the strong performance of the Amusement Equipments Business and the Integrated Resort (IR) Business turned profitable, financial soundness will be promoted
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©UNIVERSAL ENTERTAINMENT Consolidated Statement of Income (Summary) 5 (Millions of yen) 2Q of FY2025 Results 2Q of FY2026 Results Variance FY2026 Outlook Net sales 62,175 76,566 +14,391 140,000 Operating profit 847 10,219 +9,371 16,000 Operating profit margin 1.3% 13.3% +12.0pt 11.4% Ordinary profit △14,752 3,128 +17,880 2,200 Ordinary profit margin ‐ 4.0% - 1.5% Net income △9,874 62 +9,937 2,000 Adjusted EBITDA (1) 11,077 15,398 +4,321 29,000 (1) Adjusted segment EBITDA = Operating profit/loss + Depreciation + Other adjustments
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©UNIVERSAL ENTERTAINMENT Trend in Consolidated Earnings 56,323 79,305 62,907 62,175 76,566 140,998 178,995 126,328 122,827 140,000 FY2022 FY2023 FY2024 FY2025 FY2026 833 10,726 3,264 847 10,219 12,085 30,480 3,024 △ 3,228 16,000 FY2022 FY2023 FY2024 FY2025 FY2026 6,768 20,952 525 △ 9,874 62 11,506 28,439 △ 15,569 △ 231,425 2,000 FY2022 FY2023 FY2024 FY2025 FY2026 13,651 23,578 16,114 11,077 15,398 41,118 55,857 28,346 23,152 29,000 FY2022 FY2023 FY2024 FY2025 FY2026 Net Sales Operating Profit Net Income Adjusted EBITDA 6 (Millions of yen) (Millions of yen) (Millions of yen) (Millions of yen) (Forecast) (Forecast) ■■ 2Q ■ Full-Year・Full-Year Forecast (Forecast) (Forecast) ■■ 2Q ■ Full-Year・Full-Year Forecast ■■ 2Q ■ Full-Year・Full-Year Forecast ■■ 2Q ■ Full-Year・Full-Year Forecast
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©UNIVERSAL ENTERTAINMENT Factors Affecting Changes in Adjusted EBITDA 7 11,077 18,766 △ 9,617 △ 96 △ 4,514 1,238 △ 1,257 △ 199 15,398 FY2025 Q2 Amusement Equipments Bueinss Increase in Sales Amusement Equipments Bueinss Increase in Cost of Sales Amusement Equipments Business Increase in Selling, General and Administrative Expenses excluding Depreciation Integrated Resort Bueinss Decrease in Sales Integrated Resort Bueinss Decrease in Cost of Sales Integrated Resort Business Increase in Selling, General and Administrative Expenses excluding Depreciation Others FY2026 Q2 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 (Millions of yen) ■ Increase ■ Decrease ■ Total
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©UNIVERSAL ENTERTAINMENT Consolidated Balance Sheet (Summary) (Millions of yen) FY2025 2Q of FY2026 Variance Factors Behind Variance Current assets 93,415 97,469 +4,053 Increase in cash and cash equivalents: 3,448 Non-current assets 279,549 278,889 △659 Property, plant and equipment 198,155 195,796 △2,357 Depreciation of TRLEI △2,358 Intangible assets 1,466 1,423 △43 Investments and other assets 79,927 81,669 +1,741 Long-term accounts receivables △1,079 Long-term loans receivables from subsidiaries and associates +1,370 Deferred assets 670 576 △93 Total assets 373,634 376,935 +3,300 Current liabilities 41,639 45,653 +4,013 Non-current liabilities 202,307 202,898 +591 Increase in the valuation of corporate bonds due to exchange rate fluctuations: 2,370 Total liabilities 243,947 248,551 +4,604 Shareholders’ equity 122,816 122,878 62 Net income: 62 Accumulated other comprehensive income 6,871 5,504 △1,366 Foreign currency translation adjustment: △1,308 Total net assets 129,687 128,383 △1,303 Total liabilities and net assets 373,634 376,935 +3,300 8
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2Q of FY2026 Overview Amusement Equipments Business
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©UNIVERSAL ENTERTAINMENT Amusement Equipments Business Overview and Outlook for 2Q of FY2026 10 Net Sales Operating Profit Adjusted EBITDA 27,292 30,793 20,759 27,159 45,926 68,268 80,980 43,504 56,708 69,000 FY2022 FY2023 FY2024 FY2025 FY2026 5,135 7,685 3,760 5,175 14,166 19,818 24,082 7,312 10,662 13,500 FY2022 FY2023 FY2024 FY2025 FY2026 5,984 8,296 4,269 6,104 15,156 20,000 25,603 8,557 12,548 15,700 FY2022 FY2023 FY2024 FY2025 FY2026 (Forecast) (Forecast) ■2Q ■ Full-Year・Full-Year Forecast (Millions of yen) (Millions of yen) (Millions of yen)■2Q ■ Full-Year・Full-Year Forecast ■2Q ■ Full-Year・Full-Year Forecast (Forecast)
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©UNIVERSAL ENTERTAINMENT Amusement Equipments Business Sales Volume 11 FY2025 Results FY2026 Plan 2Q of FY2026 Results Pachislot Sales Volume 83,044 108,000 74,417 Number of new titles (1) 8 - 4 Pachinko Sales Volume 31,956 28,000 13,498 Number of new titles 8 - 3 Total Sales Volume 115,000 136,000 87,915 SMART PACHISLOT YAJIKITA DOCHUKI MAIRU! Pachinko Pachislot PA Crash Landing on You 99sweet ver. Pachislot SMART PACHISLOT TACO SLOT Major Titles Released in 2Q of FY2026 Major Titles Scheduled for Release in 3Q of FY2026 SMART PACHISLOT MILLION GOD: KAMIGAMI NO KISEKI Pachinko Pachislot e MEIHITENSEI Pachislot SMART PACHISLOT BIRDIE WING -Golf Girls' Story- ©BNP/BIRDIE WING Golf Club ©Bandai Namco Sevens Inc. © STUDIO DRAGON © CultureDepot(1) Includes only the Universal Entertainment Group's products. " SMART PACHISLOT BIOHAZARD RE:3 "of Enterrise Co., Ltd. is not included in the no. of new titles, but included in the no. of machines sold and net sales.
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2Q of FY2026 Overview Integrated Resort (IR) Business
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©UNIVERSAL ENTERTAINMENT Integrated Resort (IR) Business Overview and Outlook for 2Q of FY2026 13 28,539 47,944 41,678 34,641 30,126 71,771 96,947 81,981 65,409 70,000 FY2022 FY2023 FY2024 FY2025 FY2026 417 7,313 3,280 △ 1,318 △ 1,368 3,780 14,367 2,871 △ 7,114 8,900 FY2022 FY2023 FY2024 FY2025 FY2026 7,681 15,069 11,712 7,298 2,736 19,350 29,981 19,560 10,282 18,000 FY2022 FY2023 FY2024 FY2025 FY2026 ■2Q ■ Full-Year・Full-Year Forecast Net Sales Operating Profit Adjusted EBITDA (Millions of yen) (Millions of yen) (Millions of yen)■2Q ■ Full-Year・Full-Year Forecast ■2Q ■ Full-Year・Full-Year Forecast (Forecast) (Forecast) (Forecast)
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©UNIVERSAL ENTERTAINMENT Integrated Resort (IR) Business (Reference) Revenue of TRLEI 14 1,871 1,872 5,772 5,580 5,070 4,505 4,065 2,439 FY2025Q2 FY2026Q2 VIP Mass Table Gaming Machine Non-Gaming 11.2% 13.0% 34.4% 38.8% 30.2% 31.3% 24.2% 16.9% FY2025Q2 FY2026Q2 VIP Mass Table Gaming Machine Non-Gaming FY2025 FY2026 Y-o-Y(millions of PHP) Q2 Q2 VIP Rolling chip volume 105,500 98,246 △6.8% Rolling chip win 4,065 2,439 △40.0% Rolling chip win rate (%) 3.9 2.5 △1.4pt Mass table Mass table games volume – live 17,948 14,795 △17.5% Mass table games win – live 4,978 4,422 △11.1% Mass table games win rate – live (%) 27.3 29.4 +2.1pt Mass table games volume – online 3,420 3,150 △7.8% Mass table games win – online 92 83 △9.7% Mass table games win rate – online (%) 2.7 2.6 △0.1pt Gaming MachineGaming machine handle 95,025 97,115 +2.1% Gaming machine win 5,772 5,580 △3.3% Gaming machine win rate (%) 6.1 5.7 △0.4pt Gaming revenue 14,906 12,524 △15.9% Non-gaming revenue (hotel, food & beverage, retail, entertainment, etc.) 1,871 1,872 +0.0% Total revenue 16,777 14,396 △14.1% Property visitors (people) 2,809,113 2,878,878 +2.4% Revenue (millions of PHP) Revenue Breakdown
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©UNIVERSAL ENTERTAINMENT Integrated Resort (IR) Business Initiatives by Segment 15 Renewal the loyalty program • Compelling value propositions, including direct benefits tailored to membership tiers Introduction of a customer experience value management program • Improvement of customer experience scores and realization of efficient resource investment Enhancement of the mobile application • Increase attractiveness of the loyalty program and improved customer convenience through mobile app enhancements Strengthening efforts to attract potential premium customers • Strengthen direct marketing in major Asian markets such as Japan, South Korea, Taiwan, Singapore, Thailand, and Malaysia Strengthening mass market customer acquisition • Introduction of attractive game variations (TG/EGM) • Deployment of targeted offers during promotions and events using predictive analytics Strengthening of domestic and international MICE business • We continue and strengthen venue offerings for private and partnership events, driving the growth of MICE business both domestically and internationally. Expansion of loyalty program implementation for retail tenants • Deepen the collaboration with on-site retail tenants and expand the introduction of loyalty programs. Strengthen customer retention and mutual referral throughout the integrated resort. Strengthening measures for families • Shortening access to major restaurants and improving customer attraction through the introduction of new circulation routes. By continuously offering family-focused accommodation plans, we pursue increasing the number of customers and maximizing accommodation revenue for target customers. Gaming Segment Non-Gaming Segment
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©UNIVERSAL ENTERTAINMENT Integrated Resort (IR) Business TOPICS 16 OKADA PLAY In May, we partnered with technology provider PhilWeb to launch a new domestic online gaming app for the Philippines, “OKADA PLAY.” OOC Win Zone In addition to strengthening in-facility promotions for "Okada Online Casino (OOC)," it was launched in June to encourage new registrations, logins, and playing on OOC. ARIAKE In May, a dedicated gaming area called "ARIAKE" specializing in high-end Japanese players was opened. In conjunction with this opening, an official Instagram account (@okadamanila_japan) was launched to strengthen communication with customers.
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©UNIVERSAL ENTERTAINMENT Integrated Resort (IR) Business TOPICS 17 Otaku Pop Fes The first event in the Philippines was held in OKADA MANILA in April. A large-scale interactive event that brings together popular Japanese anime exhibitions, high-level cosplay competitions, anisong DJ live shows, and more, greatly energizing Southeast Asia's otaku culture scene. &FRIENDS Festival 2026 Successfully attracted and hosted the large-scale indoor electronic music festival "&FRIENDS Festival 2026," which attracted over 12,000 people in two days, once again demonstrating the monetization potential of non-gaming event spaces. Luxury Awards Asia Pacific 2026 At the “Travel + Leisure Luxury Awards Asia Pacific 2026”, it ranked 3rd for "Best Integrated Resorts" in the Asia-Pacific region and 2nd place for "Best City Hotels in the Philippines," further strengthening brand value.
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Appendix
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©UNIVERSAL ENTERTAINMENT Consolidated Statement of Income 19 ※ PHP：CR 2.66 as of 31 Dec. 2025 to CR 2.66 as of 30 Jun. 2026 / USD: CR 156.53 as of 31 Dec. 2025 to CR 162.39 as of 30 Jun. 2026 (Millions of yen) FY2025Q2 FY2026Q2 Variance Major variances and the factor behind Net Sales 62,175 76,566 14,391 Cost of sales 25,829 34,299 8,470 Gross profit 36,345 42,266 5,920 Gross profit margin (%) 58.4 55.2 △3.2 Selling, general and administrative expenses 35,497 32,047 △3,450 Operating profit 847 10,219 9,371 Operating profit margin (%) 1.3 13.3 12.0 Non-operating income 1,854 1,604 △250 Non-operating expenses 17,455 8,695 △8,760 Ordinary profit (loss) △14,752 3,128 17,880 Ordinary profit margin (%) △23.7 4.0 27.7 Extraordinary income 3,544 64 △3,479 Extraordinary losses 437 20 △416 Income (loss) before income taxes and others △11,645 3,173 14,819 Income taxes △1,771 3,110 4,882 Net income (loss) △9,874 62 9,937 Net income (loss) attributable to non-controlling interests - - - Net income (loss) attributable to owners of parent △9,874 62 9,937 First 6 months of FY2026 Foreign exchange gain 446, Interest expense 5,063, Interest expenses on bonds 3,511 (Reference) First 6 months of FY2025 Foreign exchange loss 8,020, Interest expense 4,380, Interest expenses on bonds 3,382
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©UNIVERSAL ENTERTAINMENT Consolidated Balance Sheet 20 (Millions of yen) As at Dec. 31, 2025 As at Jun. 30, 2026 Variance (Millions of yen) As at Dec. 31, 2025 As at Jun. 30, 2026 Variance Current assets 93,415 97,469 4,053 Current liabilities 41,639 45,653 4,013 Cash and deposits 40,000 43,448 3,448 Notes and accounts payable - trade 3,205 2,351 △854 Accounts receivable - trade 5,041 2,555 △2,485 Electronically recorded payables 3,063 562 △2,501 Electronically recorded receivables 1,536 4,387 2,851 Current portion of long-term borrowings 2,533 3,543 1,010 Securities 121 2,009 1,888 Accounts payable - other 4,521 6,947 2,425 Merchandise and finished goods 2,673 2,996 322 Accured expenses 8,505 9,471 966 Work in process 15,442 15,753 311 Income taxes payable 2,086 3,441 1,355 Raw materials and supplies 12,533 10,631 △1,901 Provision for bonuses 95 745 650 Other 17,381 16,915 △465 Other 17,628 18,589 961 Allowance for doubtful accounts △1,314 △1,229 84 Non-current liabilities 202,307 202,898 591 Non-current assets 279,549 278,889 △659 Bonds 62,999 65,769 2,769 Property, plant and equipment 152,939 150,896 △2,042 Long-term borrowings 67,884 66,030 △1,854 Machinery, equipment and vehicles 10,489 10,685 196 Retirement benefit liability 1,474 1,600 125 Leased assets, net 4,388 4,355 △33 Leased liabilities 60,949 61,380 431 Contruction in progress 19,102 18,797 △304 Other 8,999 8,118 △881 Other non-current assets 11,236 11,061 △175 Total liabilities 243,947 248,551 4,604 Intangible assets 1,466 1,423 △43 Investment securities 9,955 10,021 65 Net assets 129,687 128,383 △1,303 Long-term deposits 9,630 9,980 349 Share capital 98 98 Long-term deposits paid to subsidiaries and associates 23,868 24,754 886 Capital surplus 18,828 18,828 0 Long-term accounts receivable from subs 7,553 6,474 △1,079 Retained earnings 111,189 111,251 62 Other investments 35,795 37,341 1,545 Treasury shares △7,299 △7,299 0 Allowance for doubtful accounts △6,876 △6,902 △25 Valutaion difference on available-for- sale securities △33 △91 △58 Deferred assets 670 576 △93 Foreign currency translation adjustment 6,894 5,586 △1,308 Remeasurements of defined benefit plans 10 10 0 Total assets 373,634 376,935 3,300 Total liabilities and net assets 373,634 376,935 3,300 ※ PHP：CR 2.66 as of 31 Dec. 2025 to CR 2.66 as of 30 Jun. 2026 / USD: CR 156.53 as of 31 Dec. 2025 to CR 162.39 as of 30 Jun. 2026
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©UNIVERSAL ENTERTAINMENT Operating Results (by Segment) 21 (Millions of yen) First 6 months of FY2025 First 6 months of FY2026 Variance Major items Net sales 62,175 76,566 14,391 Amusement Equipments Business 27,159 45,926 18,766 Integrated Resort Business 34,641 30,126 △4,514 Other (2) 372 511 138 Unallocated or Eliminated (2) 1 2 1 Operating profit (loss) 847 10,219 9,371 Amusement Equipments Business 5,175 14,166 8,990 Integrated Resort Business △1,318 △1,368 △50 Other (2) 117 279 162 Unallocated or Eliminated (2) △3,127 △2,858 269 Unallocated expenses: 2,621 Depreciation 9,793 5,069 △4,724 Amusement Equipments Business 929 785 △143 Integrated Resort Business 8,587 4,107 △4,480 Other (2) 184 8 △175 Unallocated or Eliminated (2) 91 167 75 Adjusted segment EBITDA (1) 11,077 15,398 4,321 Amusement Equipments Business 6,104 15,156 9,051 Integrated Resort Business 7,298 2,736 △4,562 TRLEI: 2,929 Other (2) 100 125 24 Unallocated or Eliminated (2) △2,426 △2,619 △192 (1) Adjusted segment EBITDA = Operating profit/loss + Depreciation + Other adjustments (2) Effective from the cumulative first quarter of fiscal year 2026, the classification of revenue from cultural activities has been changed from “company-wide revenue” to “other.” Accordingly, the figures for the cumulative first quarter of fiscal year 2025 have been reclassified to reflect these changes.
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©UNIVERSAL ENTERTAINMENT Operating Results (Amusement Equipments Business) 22 (1) Includes only the Universal Entertainment Group's products. " SMART PACHISLOT BIOHAZARD RE:3 "of Enterrise Co., Ltd. is not included in the no. of new titles, but included in the no. of machines sold and net sales. (2) Adjusted segment EBITDA = Operating profit/loss + Depreciation + Other adjustments 2nd Quarter Full Year 2nd Quarter First 6 months Pachislot No. of machines sold 44,419 83,044 51,143 74,417 No. of new titles (1) 4 8 2 4 Pachinko No. of machines sold 11,170 31,956 10,394 13,498 No. of new titles 3 8 2 3 Total no. of machines sold 55,589 115,000 61,537 87,915 (Millions of yen) Net sales 27,159 56,708 33,085 45,926 Cost of sales 15,971 31,968 20,225 25,735 Gross profit 11,187 24,740 12,859 20,190 Gross profit margin (%) 41.1 43.6 38.8 43.9 Selling, general and administrative expenses 6,012 14,078 3,073 6,024 Operating profit (loss) 5,175 10,662 9,785 14,166 Depreciation 929 1,885 418 785 Adjusted segment EBITDA (2) 6,104 12,548 10,203 15,156 Adjusted segment EBITDA margin (%) 22.4 22.1 30.8 33.0 FY2025 FY2026
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[Disclaimer and Notes Regarding Forward-Looking Statements] 1. These materials are not intended to solicit investment. 2. These materials may contain forward-looking statements regarding plans, outlooks, targets, and forecast figures of the Company and its affiliates; however, these statements are based on judgments and assumptions using information that is currently available, and do not account for latent risks and uncertainties. Therefore, please be aware that actual future results may differ greatly from the forward-looking statements due to changes in the business environment, economic conditions, financial markets, and various other factors. 3. The Company will not update these materials even if there are revisions to the future outlook.