Interim report
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1 SBI HOLDINGS, INC. (Incorporate d in Japa n with limite d liability) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2026 The board of directors (the “Directors”) of SBI HOLDINGS, INC. (the “Company”) is pleased to announce the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the six months ended September 30, 2026. (Amounts are rounded to the nearest million Japanese yen) 1. Consolidated Financial Results (1) Consolidated Operating Results (Percentages represent year-on-year changes) (Note) On December 1, 2025, the Company conducted a two -for-one stock split of its common shares. The calculation of “Basic earnings per share attributable to owners of the Company” and “Diluted earnings per share attributable to owners of the Company” is done under the assumption that the stock split occurred at the start of the previous fiscal year. Millions of yen % Millions of yen % Millions of yen % Millions of yen % Six months ended September 30, 2026 1,057,515 17.2 324,306 52.9 249,108 52.6 230,572 39.1 Six months ended September 30, 2025 902,559 33.5 212,104 168.9 163,252 172.1 165,801 270.7 Revenue Profit before income tax expense Profit for the period Profit attributable to owners of the Company Basic earnings per share attributable to owners of the Company Diluted earnings per share attributable to owners of the Company Millions of yen % Yen Yen Six months ended September 30, 2026 223,643 23.6 356.70 333.91 Six months ended September 30, 2025 180,907 - 263.77 247.01 Total comprehensive income
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2 (2) Consolidated Financial Position 2. Dividends (Note) 1. For the revision to the dividend forecast, please refer to the “Notice Regarding Determination of Dividends from Surplus (Interim Dividend) and Revision to Year-end Dividend Forecast” released November 2, 2026. (Note) 2. On December 1, 2025, the Company conducted a two -for-one stock split of its common shares. The dividend amount at the end of the second quarter of the fiscal year ended March 31, 2026 is stated at the actual amount before the stock split. If the stock split were deemed to have taken place at the beginning of that fiscal year, the interim dividend for the fiscal year ended March 31, 2026 would be ¥20, and the interim dividend for the fiscal year ending March 31, 2027 would be ¥30 per share, representing an increase of ¥10. 3. Total number of shares outstanding (Common stock) (Note) On December 1, 2025, the Company conducted a two-for-one stock split of its common shares. The calculation of “Total number of shares outstanding (Common stock)” is done under the assumption that the stock split occurred at the start of the previous fiscal year. The Group prepared the consolidated financial statements in accordance with IFRSs. This financial summary is exempt from review procedures required by Financial Instruments and Exchange Act. Total assets Total equity Equity attributable to owners of the Company Ratio of equity attributable to owners of the Company to total assets Millions of yen Millions of yen Millions of yen % September 30, 2026 39,962,853 2,553,183 1,945,026 4.9 March 31, 2026 38,290,797 2,413,363 1,794,942 4.7 End of 1st Q End of 2nd Q End of 3rd Q Year-end Full year Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 - 40.00 - 75.00 - Fiscal year ending March 31, 2027 - 30.00 Fiscal year ending March 31, 2027 (forecast) - 80.00 110.00 Dividend per share (1) Number of shares outstanding (including : September 30, 2026 : 661,256,614 shares treasury stock) March 31, 2026 : 661,122,614 shares (2) Number of treasury stock : September 30, 2026 : 14,761,438 shares March 31, 2026 : 14,760,216 shares (3) Average number of shares outstanding : Six months ended September 30, 2026 : 646,395,520 shares Six months ended September 30, 2025 : 628,584,676 shares
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3 1. BUSINESS RESULTS (1) Results of Operations The Group’s consolidated results of operations for the six months ended September 30, 2026 were as follows. Revenue increased 17.2% year-on-year to ¥ 1,057,515 million, profit before income tax expense increased 52.9% to ¥324,306 million and profit attributable to owners of the Compan y increased 39.1% to ¥230,572 million. The results of operations for each reporting segment of the Group for the six months ended September 30, 2026 were as follows. (% represents year-on-year changes) (Financial Services Business) The Financial Services Business consists of a wide range of finance -related business inside and outside Japan, including securities brokerage business, banking services business, and life, property, and casualty insurance business. The results of operations of the Financial Services Business for the six months ended September 30, 2026 were as follows. Revenue increased 17.3% year-on-year to ¥829,746 million, and profit before income tax expense increased 69.7% year-on-year to ¥200,233 million. (Asset Management Business) The Asset Management Business primarily consists of setting, solicitation, and management of investment trust, investment advice, and provision of financial products information. The results of operations of the Asset Management Business for the six months ended September 30, 2026 were as follows. Revenue increased 40.7% year-on-year to ¥26,205 million, and profit before income tax expense increased 87.9% year-on-year to ¥6,497 million. (PE Investment Business) The PE Investment Business primarily consists of fund management and investment in Internet technology, fintech, AI, quantum computing, electric power, energy, blockchain, finance, and biotechnology-related venture companies in Japan and overseas. The results of operations of the PE Investment Business for the six months ended September 30, 2026 were as follows. Revenue increased 28.5% year-on-year to ¥181,283 million, and profit before income tax expense increased 38.5% year-on-year to ¥153,088 million. (Crypto-asset Business) The Crypto-asset Business primarily consists of crypto-asset exchange business which provides crypto - Six months ended September 30, 2025 Six months ended September 30, 2025 Millions of Yen Millions of Yen % Millions of Yen Millions of Yen % Financial Services Business 707,392 829,746 17.3 118,026 200,233 69.7 Asset Management Business 18,620 26,205 40.7 3,458 6,497 87.9 PE Investment Business 141,121 181,283 28.5 110,547 153,088 38.5 Crypto-asset Business 33,022 23,083 (30.1) (147) (1,595) - Next Gen Business 14,330 26,190 82.8 2,190 2,457 12.2 Total 914,485 1,086,507 18.8 234,074 360,680 54.1 Elimination or Corporate (11,926) (28,992) - (21,970) (36,374) - Consolidated Total 902,559 1,057,515 17.2 212,104 324,306 52.9 Revenue Profit before income tax expense Six months ended September 30, 2026 Six months ended September 30, 2026
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4 asset exchange and trading services. The results of operations of the Crypto-asset Business for the six months ended September 30, 2026 were as follows. Revenue decreased 30.1% year-on-year to ¥23,083 million, and loss before income tax expense amounted to ¥1,595 million for the six months ended September 30, 2026 (¥147 million of loss before income tax expense for the six months ended September 30, 2025). (Next Gen Business) The Next Gen Business primarily consists of the Biotechnology & Healthcare Business, which includes the development and distribution of pharmaceutical products, health foods, and cosmetics with the natural 5-aminolevulinic acid (5-ALA). The Next Gen Business also includes the media-related business, the business of working on advanced fields related to Web3, the renewable energy business, and human resources-related business. The results of operations of the Next Gen Business for the six months ended September 30, 2026 were as follows. Revenue increased 82.8% year-on-year to ¥26,190 million, and profit before income tax expense increased 12.2% year-on-year to ¥2,457 million. (2) Financial Conditions and Cash Flows As at September 30, 2026, total assets am ounted to ¥39,962,853 million and increased by ¥1,672,056 million from total assets of ¥38,290,797 million as at March 31, 202 6. The Group’s equit y increased by ¥139,820 million to ¥2,553,183 million from the fiscal year ended March 31, 2026. As at September 30, 2026, the Group’s cash and cash equivalents amounted to ¥6,229,348 million and decreased by ¥171,232 million from that of ¥6,400,580 million as at March 31, 2026. The changes of cash flows for each activity and the reasons for changes are as follows: (Operating Cash Flows) Cash flows from operating activities amounted to ¥737,675 million in net cash inflows (¥1,698,792 million in net cash inflows for the six months ended September 30, 2025). The net cash inflows were primarily due to a ¥712,369 million cash inflow from an increase in customer deposits in the banking business and a ¥463,104 million cash inflow from an increase in bonds and loans payable in banking business, despite an ¥897,421 million cash outflow from an increase in trade and other accounts receivable. (Investing Cash Flows) Cash flows from investing activities amounted to ¥1,176,127 million in net cash outflows (¥849,860 million in net cash outflows for the six months ended September 30, 2025). The net cash outflows were primarily due to a ¥1,749,570 million cash outflow from purchases of investment securities , despite a ¥722,622 million cash inflow from proceeds from sales or redemption of investment securities. (Financing Cash Flows) Cash flows from financing activities amounted to ¥270,338 million in net cash inflows (¥137,119 million in net cash outflows for the six months ended September 30, 2025). The net cash inflows were primarily due to a ¥1,958,988 million cash inflow from proceeds from issuance of bonds payable and a ¥165,124 million cash inflow from proceeds from long-term loans payable, despite a ¥1,859,748 million cash outflow from redemption of bonds payable.
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5 2. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES (1) Interim Condensed Consolidated Statement of Financial Position As at March 31, 2026 As at September 30, 2026 Millions of Yen Millions of Yen Assets Cash and cash equivalents 6,400,580 6,229,348 Trade and other accounts receivable 14,153,217 15,101,724 Inventories 204,305 193,594 Assets related to securities business 7,569,984 8,161,114 Other financial assets 1,574,886 1,576,347 Operational investment securities 941,448 1,143,221 Other investment securities (includes ¥1,365,314 million and ¥1,614,475 million pledged as collateral as at March 31, 2026 and September 30, 2026, respectively) 4,360,287 5,339,109 Reinsurance contracts assets 25,909 25,666 Investments accounted for using the equity method 534,627 903,500 Investment properties 35,470 92,471 Property and equipment 151,150 151,469 Intangible assets 331,811 393,526 Assets held for sale 1,738,359 341,618 Other assets 222,903 254,353 Deferred tax assets 45,861 55,793 Total assets 38,290,797 39,962,853 Liabilities Bonds and loans payable 7,010,122 7,760,493 Trade and other accounts payable 793,559 1,329,853 Liabilities related to securities business 6,585,043 6,742,053 Customer deposits for banking business 17,504,429 18,194,320 Insurance contract liabilities 156,210 156,819 Income tax payable 33,780 36,224 Other financial liabilities 1,970,093 2,323,321 Provisions 29,204 26,525 Liabilities directly associated with assets held for sale 1,332,703 251,986 Other liabilities 300,620 390,985 Deferred tax liabilities 161,671 197,091 Total liabilities 35,877,434 37,409,670 Equity Capital stock 238,019 238,115 Capital surplus 301,565 288,594 Treasury stock (50,110) (50,114) Other components of equity 144,237 125,258 Retained earnings 1,161,231 1,343,173 Equity attributable to owners of the Company 1,794,942 1,945,026 Non-controlling interests 618,421 608,157 Total equity 2,413,363 2,553,183 Total liabilities and equity 38,290,797 39,962,853 As at March 31, 2026 As at September 30, 2026 Millions of Yen Millions of Yen Assets Cash and cash equivalents 6,400,580 6,229,348 Trade and other accounts receivable 14,153,217 15,101,724 Inventories 204,305 193,594 Assets related to securities business 7,569,984 8,161,114 Other financial assets 1,574,886 1,576,347 Operational investment securities 941,448 1,143,221 Other investment securities (includes ¥1,365,314 million and ¥1,614,475 million pledged as collateral as at March 31, 2026 and September 30, 2026, respectively) 4,360,287 5,339,109 Reinsurance contracts assets 25,909 25,666 Investments accounted for using the equity method 534,627 903,500 Investment properties 35,470 92,471 Property and equipment 151,150 151,469 Intangible assets 331,811 393,526 Assets held for sale 1,738,359 341,618 Other assets 222,903 254,353 Deferred tax assets 45,861 55,793 Total assets 38,290,797 39,962,853 Liabilities Bonds and loans payable 7,010,122 7,760,493 Trade and other accounts payable 793,559 1,329,853 Liabilities related to securities business 6,585,043 6,742,053 Customer deposits for banking business 17,504,429 18,194,320 Insurance contract liabilities 156,210 156,819 Income tax payable 33,780 36,224 Other financial liabilities 1,970,093 2,323,321 Provisions 29,204 26,525 Liabilities directly associated with assets held for sale 1,332,703 251,986 Other liabilities 300,620 390,985 Deferred tax liabilities 161,671 197,091 Total liabilities 35,877,434 37,409,670 Equity Capital stock 238,019 238,115 Capital surplus 301,565 288,594 Treasury stock (50,110) (50,114) Other components of equity 144,237 125,258 Retained earnings 1,161,231 1,343,173 Equity attributable to owners of the Company 1,794,942 1,945,026 Non-controlling interests 618,421 608,157 Total equity 2,413,363 2,553,183 Total liabilities and equity 38,290,797 39,962,853
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6 (2) Interim Condensed Consolidated Statements of Income and Comprehensive Income Interim Condensed Consolidated Statement of Income (Note) On December 1, 2025, the Company conducted a two-for-one stock split of its common shares. The calculation of Earnings per share attributable to owners of the Company is done under the assumption that the stock split occurred at the start of the previous fiscal year. Six months ended September 30, 2025 Six months ended September 30, 2026 Millions of Yen Millions of Yen Revenue (Interest income of ¥303,289 million and ¥352,016 million and Insurance revenue ¥52,793 million and ¥59,906 million included for the six months ended September 30, 2025 and 2026, respectively) 902,559 1,057,515 Expense Financial cost associated with financial income (137,752) (170,939) Provision for credit losses (43,882) (40,348) Insurance service expenses (46,238) (53,603) Operating cost (186,213) (155,194) Selling, general and administrative expenses (244,684) (268,040) Other financial cost (26,660) (32,219) Other expenses (20,979) (41,314) Total expense (706,408) (761,657) Gain on bargain purchase 353 - Share of the profit of associates and joint ventures accounted for using the equity method 15,600 28,448 Profit before income tax expense 212,104 324,306 Income tax expense (48,852) (75,198) Profit for the period 163,252 249,108 Profit for the period attributable to Owners of the Company 165,801 230,572 Non-controlling interests (2,549) 18,536 Profit for the period 163,252 249,108 Earnings per share attributable to owners of the Company Basic (Yen) 263.77 356.70 Diluted (Yen) 247.01 333.91
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7 Interim Condensed Consolidated Statement of Comprehensive Income Six months ended September 30, 2025 Six months ended September 30, 2026 Millions of Yen Millions of Yen Profit for the period 163,252 249,108 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Financial assets measured at FVTOCI 1,275 558 Changes in own credit risk on financial liabilities (737) 104 Remeasurement of defined benefit plans (1,477) (111) Share of other comprehensive income of investments accounted for using the equity method (75) (538) (1,014) 13 Items that may be reclassified subsequently to profit or loss Financial assets measured at FVTOCI 4,066 (28,577) Currency translation differences 20,690 (29,281) Fluctuations in discount rates of insurance contracts 954 1,078 Cash flow hedge (1,053) 2,409 Share of other comprehensive income of investments accounted for using the equity method (5,988) 28,893 18,669 (25,478) Other comprehensive income, net of tax 17,655 (25,465) Total comprehensive income 180,907 223,643 Total comprehensive income attributable to Owners of the Company 180,210 212,621 Non-controlling interests 697 11,022 Total comprehensive income 180,907 223,643
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8 (3) Interim Condensed Consolidated Statement of Changes in Equity Six months ended September 30, 2025 Capital stock Capital surplus Treasury stock Other components of equity Retained earnings Total Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen As at April 1, 2025 181,925 222,423 (96) 62,600 794,556 1,261,408 502,385 1,763,793 Profit for the period - - - - 165,801 165,801 (2,549) 163,252 Other comprehensive income - - - 14,409 - 14,409 3,246 17,655 Total comprehensive income - - - 14,409 165,801 180,210 697 180,907 Issuance of new shares 55,751 55,344 - - - 111,095 - 111,095 Change in scope of consolidation - - - - - - (27,586) (27,586) Dividends paid - - - - (42,423) (42,423) (6,811) (49,234) Treasury shares purchased - - (6) - - (6) - (6) Treasury shares sold - 0 0 - - 0 - 0 Share-based payment transaction - (6) - - - (6) 32 26 Changes of interests in subsidiaries without losing control - 6,944 - - - 6,944 (172,067) (165,123) Transfer from other components of equity to retained earnings - - - 10,279 (10,279) - - - As at September 30, 2025 237,676 284,705 (102) 87,288 907,655 1,517,222 296,650 1,813,872 Total equity Non-controlling interests Equity attributable to owners of the Company
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9 Six months ended September 30, 2026 Capital stock Capital surplus Treasury stock Other components of equity Retained earnings Total Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen As at April 1, 2026 238,019 301,565 (50,110) 144,237 1,161,231 1,794,942 618,421 2,413,363 Profit for the period - - - - 230,572 230,572 18,536 249,108 Other comprehensive income - - - (17,951) - (17,951) (7,514) (25,465) Total comprehensive income - - - (17,951) 230,572 212,621 11,022 223,643 Issuance of new shares 96 552 - - - 648 - 648 Change in scope of consolidation - - - - - - (69,088) (69,088) Dividends paid - - - - (48,477) (48,477) (19,217) (67,694) Treasury shares purchased - - (4) - - (4) - (4) Treasury shares sold - (0) 0 - - 0 - 0 Share-based payment transaction - - - - - - 315 315 Changes of interests in subsidiaries without losing control - (13,523) - (1,181) - (14,704) 66,704 52,000 Transfer from other components of equity to retained earnings - - - 153 (153) - - - As at September 30, 2026 238,115 288,594 (50,114) 125,258 1,343,173 1,945,026 608,157 2,553,183 Total equity Equity attributable to owners of the Company Non-controlling interests
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10 (4) Interim Condensed Consolidated Statement of Cash flows Six months ended September 30, 2025 Six months ended September 30, 2026 Millions of Yen Millions of Yen Cash flows from operating activities Profit before income tax expense 212,104 324,306 Depreciation and amortization 32,412 34,242 Gain on bargain purchase (353) - Share of profit of investments accounted for using the equity method (15,600) (28,448) Interest and dividend income (319,158) (368,852) Interest expense 162,279 202,330 Increase in operational investment securities (148,409) (215,336) Increase in trade and other accounts receivable (625,929) (897,421) Increase in trade and other accounts payable 212,402 461,215 Increase in assets/liabilities related to securities business (172,372) (434,506) Increase in customer deposits in the banking business 1,777,870 712,369 Increase in bonds and loans payable in banking business 351,727 463,104 Decrease in receivables under securities borrowing transactions - 183,199 Increase in payables under securities lending transactions 140,357 26,681 Others (35,815) 148,238 Subtotal 1,571,515 611,121 Interest and dividend income received 302,334 344,572 Interest paid (140,495) (178,807) Income taxes paid (34,562) (39,211) Net cash generated from operating activities 1,698,792 737,675 Cash flows from investing activities Purchase of investment property (11,919) (57,252) Purchases of intangible assets (18,414) (31,527) Purchases of investment securities (1,648,949) (1,749,570) Proceeds from sales or redemption of investment securities 840,329 722,622 Acquisition of subsidiaries, net of cash and cash equivalents acquired (10,977) (26,023) Proceeds from sales of subsidiaries, net of cash and cash equivalents divested (1,287) 77,646 Payments of loans receivable (39,923) (75,312) Collection of loans receivable 30,385 28,941 Others 10,895 (65,652) Net cash used in investing activities (849,860) (1,176,127)
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11 Six months ended September 30, 2025 Six months ended September 30, 2026 Millions of Yen Millions of Yen Cash flows from financing activities (Decrease) increase in short term loans payable (6,067) 84,482 Proceeds from long-term loans payable 99,969 165,124 Repayment of long-term loans payable (114,520) (22,810) Proceeds from issuance of bonds payable 1,524,496 1,958,988 Redemption of bonds payable (1,498,378) (1,859,748) Proceeds from issuance of shares 111,095 648 Proceeds from stock issuance to non-controlling interests 3,686 558 Contributions from non-controlling interests in consolidated investment funds 4,703 19,227 Cash dividends paid (42,403) (48,465) Cash dividends paid to non-controlling interests (2,558) (13,248) Distributions to non-controlling interests in consolidated investment funds (3,920) (6,309) Purchase of treasury stock (6) (4) Proceeds from sale of interests in subsidiaries to non- controlling interests 30,031 423 Payments for purchase of interests in subsidiaries from non-controlling interests (236,555) (1,162) Others (6,692) (7,366) Net cash (used in) generated from financing activities (137,119) 270,338 Net increase (decrease) in cash and cash equivalents 711,813 (168,114) Cash and cash equivalents at the beginning of the period 5,500,548 6,400,580 Effect of changes in exchange rate on cash and cash equivalents 11,219 5,564 Transfer to assets held for sale - (8,682) Cash and cash equivalents at the end of the period 6,223,580 6,229,348
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12 (5) Notes to Interim Condensed Consolidated Financial Statements Segment Information The Group reports five business segments, including Financial Services Business, Asset Management Business, PE Investment Business, Crypto-asset Business that is expected to continue to grow, and Next Gen Business which includes Biotechnology & Healthcare Business, Media-related Business, and the business working on advanced fields related to Web3. The reportable segments of the Group represent business activities for which separate financial information of the Group’s components is available and reviewed regularly by the board of directors for the purpose of allocating financial resources and performance evaluation. The following is a description of business activities for the reporting segments. “Financial Services Business” The Financial Services Business consists of a wide range of finance -related business inside and outside Japan, including securities brokerage business, banking services business, and life, property and casualty insurance business. “Asset Management Business” The Asset Management Business primarily consists of setting, solicitation, and management of investment trust, investment advice, and provision of financial products information. “PE Investment Business” The PE Investment Business primarily consists of fund management and investment in Internet technology, fintech, AI, quantum computing, electric power, energy, blockchain, finance, and biotechnology-related venture companies in Japan and overseas. “Crypto-asset Business” The Crypto-asset Business primarily consists of crypto -asset exchange business which provides crypto - asset exchange and trading services. “Next Gen Business” The Next Gen Business primarily consists of the Biotechnology & Healthcare Business, which includes the development and distribution of pharmaceutical products, health foods, and cosmetics with the natural 5-aminolevulinic acid (5 -ALA). The Next Gen Busine ss also includes the media -related business, the business of working on advanced fields related to Web3, the renewable energy business, and human resources-related business. The results of operations for each reporting segment of the Group for the six months ended September 30, 2026, were as follows. “Elimination or Corporate” includes profit or loss that is not allocated to certain business segments and the elimination of the inter-company transactions within the Group, at a price based on the actual market price.
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13 Assumptions for Going Concern None Revenue (Note 1) Interest income arising from bonds held in the banking business and from loans in the banking and securities businesses. (Note 2) Interest income arising from bonds in the banking and insurance businesses. Six months ended September 30, 2025 Financial Services Business Asset Management Business PE Investment Business Crypto-asset Business Next Gen Business Total Elimination or Corporate Consolidated Total Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Revenue 707,392 18,620 141,121 33,022 14,330 914,485 (11,926) 902,559 Profit (loss) before income tax expense 118,026 3,458 110,547 (147) 2,190 234,074 (21,970) 212,104 Six months ended September 30, 2026 Financial Services Business Asset Management Business PE Investment Business Crypto-asset Business Next Gen Business Total Elimination or Corporate Consolidated Total Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Millions of Yen Revenue 829,746 26,205 181,283 23,083 26,190 1,086,507 (28,992) 1,057,515 Profit (loss) before income tax expense 200,233 6,497 153,088 (1,595) 2,457 360,680 (36,374) 324,306 Six months ended September 30, 2025 Six months ended September 30, 2026 Millions of yen Millions of yen Revenue Financial income Interest income Income arising from financial assets measured at amortized cost (Note 1) 294,916 331,695 Income arising from debt instruments measured at FVTOCI (Note 2) 8,373 20,321 Income arising from financial assets measured at FVTPL 210,189 272,627 Income arising from financial liabilities designated at FVTPL 701 12,348 Others 33,925 34,863 Total financial income 548,104 671,854 Insurance Revenue 52,793 59,906 Revenue from contracts with customers Revenue from rendering of services 123,103 145,690 Revenue from sales of goods 75,785 62,732 Others 102,774 117,333 Total revenue 902,559 1,057,515