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Securities code : 9090 TSE Prime Market FY2027 / 3 1Q Financial Results AZ - COM MARUWA Holdings Inc. AZ - COM MARUWA GROUP UNOFFICIAL TRANSLATION Although the Company pays close attention to provide English translation of the information disclosed in Japanese , the Japanese original prevails over its English translation in the case of any discrepancy . AZ - COM
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Table of Contents 01 Financial Results for FY2027/3 1Q 02 Financial Forecasts of FY2027/3 03 Appendix
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Table of Contents 01 Financial Results for FY2027/3 1Q
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. FY2027/3 1Q Financial Results F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 FY2026/3 FY2027/3 FY2027/3 FY2027/3 1Q 1Q Growth rate Change 1Q-2Q forecast forecast Net sales 55,246 58,698 +6.2% 3,452 121,000 48.5% 250,000 23.5% Operating profit 3,067 2,194 (28.5%) (873) 5,400 40.6% 13,800 15.9% Profit margin[%] 5.6 3.7 - (1.9) 4.5 - 5.5 - Ordinary profit 3,249 2,025 (37.7%) (1,224) 5,540 36.6% 14,000 14.5% Profit margin[%] 5.9 3.4 - (2.4) 4.6 - 5.6 - Net income attributable to shareholders of parent 2,000 1,523 (23.8%) (477) 3,300 46.2% 8,300 18.3% Progress % （million Yen） YoY Progress % 3
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Net Sales by Domain (Transportation Business) F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 YoY YoY Last-One-Mile Business E-commerce & Ordinary-temperature Transportation Business +4.6％ +11.2％ • Acquisition of new areas and an increase in the number of vehicles in response to sales • Decrease associated with the partial succession of businesses such as online supermarkets • Increase in the volume of trunk transportation mainly due to higher orders received for emergency delivery • Acquisition of transportation projects for new customers 9,922 9,552 9,995 FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q 13,357 14,238 15,834 FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q 4
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. FY2027/3 1Q Financial Results F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 YoY E-commerce & Ordinary-temperature 3PL Business Low-temperature Food 3PL Business Medicine & Medical 3PL Business YoY YoY +0.3％ +14.4％ +3.9％ 13,377 16,786 16,833 FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q 6,654 7,286 8,335 FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q 5,678 6,644 6,902 FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q • Full-year operation of the logistics centers for major online retailers • Start of 3PL operations for new customers • Business expansion associated with the start of operations at AZ-COM Matsubushi EAST • Increases in product unit prices and in the volume of goods handled • Full-year operation of logistics centers for drugstores • Increase in the volume of goods handled driven by the growth in store openings by customers 5
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. (Reference) Reclassification of Domain Information due to Organizational Restructuring F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 FY2025/3 1Q FY2025/3 2Q FY2025/3 3Q FY2025/3 FY2026/3 1Q FY2026/3 2Q FY2026/3 3Q FY2026/3 FY2027/3 1Q Last-One-Mile 9,922 19,963 30,184 39,350 9,552 19,036 29,277 38,916 9,995 YoY △3.7% △4.6% △3.0% △1.1% +4.6% E-commerce & Ordinary- temperature Transportation 13,357 27,153 41,578 54,283 14,238 30,023 46,993 62,139 15,834 YoY +6.6% +10.6% +13.0% +14.5% +11.2% E-commerce & Ordinary- temperature 3PL 13,377 27,783 44,571 60,023 16,786 34,462 53,283 69,436 16,833 YoY +25.5% +24.0% +19.5% +15.7% +0.3% Low-temperature Food 3PL 6,654 13,557 20,928 27,789 7,286 14,765 22,679 30,268 8,335 YoY +9.5% +8.9% +8.4% +8.9% +14.4% Medicine & Medical 3PL 5,678 11,588 18,279 24,151 6,644 13,226 20,309 26,614 6,902 YoY +17.0% +14.1% +11.1% +10.2% +3.9% Effective April 1, 2026, the Group implemented an organizational restructuring, revising its domain classifications starting from Q1 FY2027/3. Accordingly, domain information for FY2025/3 and onward has been reclassified to reflect the new segments. 6
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Ordinary Profit Change 7 01 F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q FY2026/3 1Q FY2027/3 1Q Result Result One-time expenses associated with the consolidation and closure of centers One-time expenses associated with stabilizing new operations △1,224 million YenYoY Unit: million yen Rate Revisions / Productivity Improvements / Low- Profitability Site Improvements Expansion of existing businesses/ Full-year operation Acquisition of new clients Decreased existing volume Withdrawal/ Downsizing Investment projects and increased expenses Effects of wage increases 3,249 +461 +60 △436 △423 △352 △252 △246 △382 Increase in non-operating expenses 2,025 +799 △453 change
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Profit-and-Loss Statement F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 Unit:million yen FY2026/3 1Q Compaison ratio FY2027/3 1Q Composition ratio YoY YoY change Net sales 55,246 100.0% 58,698 100.0% +6.2% 3,452 Cost of sales 49,520 89.6% 53,585 91.3% +8.2% 4,065 Gross profit 5,725 10.4% 5,112 8.7% △10.7% △613 SG&A expenses 2,658 4.8% 2,918 5.0% +9.8% 260 Operating income 3,067 5.6% 2,194 3.7% △28.5% △873 Non-operating income 262 0.5% 261 0.4% △0.4% △1 Non-operating expenses 79 0.1% 430 0.7% +444.3% 351 Ordinary income 3,249 5.9% 2,025 3.4% △37.7% △1,224 Extraordinary gains 0 0.0% 280 0.5% - 280 Extraordinary losses 0 0.0% 0 0.0% - 0 Profit before income taxes 3,249 5.9% 2,306 3.9% △29.0% △943 Total income taxes 1,183 2.1% 709 1.2% △40.1% △474 Profit 2,066 3.7% 1,596 2.7% △22.7% △470 Profit attributable to noncontrolling interests 65 0.1% 73 0.1% +12.3% 8 Profit attributable to owners of the paren 2,000 3.6% 1,523 2.6% △23.9% △477 8
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. 40.7% 41.3% 13.7% 13.0% 1.1% 1.1% 17.4% 17.1% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% FY2027/3 1Q FY2026/3 1Q Cost of Sales F i n a n c i a l R e s u l t s f o r F Y 2 0 27 / 3 1Q01 Unit: million yen FY2026/3 1Q FY2027/3 1Q Fraction of less than 1 million yen are rounded off Growth rate Change Total 49,520 53,585 +8.2% 4,065 - Labor cost 13,634 14,504 +6.4% 870 27.1% Other costs 35,886 39,081 +8.9% 3,195 72.9% YoY Comparison ratio ■ Breakdown of expenses included in cost of sales Fuel expenses OtherVehicle hiring expenses Subcontract expenses 72.5％ 35,866 million yen 72.9％ 39,081 million yen 9
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Balance Sheet F i nanci al R es ul ts f o r F Y 2 02 7/ 3 1Q01 As of March 31, 2026 As of June 30, 2026 vs. Prior Year-End Variance vs. Prior Year-End Main factors resulting in changes Current assets 47,090 50,290 +6.8% 3,200 Cash and deposits Notes and accounts receivable - trade 594 2,549 Non-current assets 108,571 116,623 +7.4% 8,052 Buildings and structures, net Insurance and long-term time deposits 2,974 4,163 Total assets 155,661 166,914 +7.2% 11,253 Current liabilities 33,183 44,134 +33.0% 10,951 Notes and accounts payable - trade Short-term borrowings 1,937 8,388 Non-current liabilities 57,113 58,490 +2.4% 1,377 Tax effects and repayments of long-term borrowings 1,176 Total liabilities 90,297 102,625 +13.7% 12,328 Shareholders’ equity 57,666 56,950 (1.2%) (716) Retained earnings (639) Accumulated other comprehensive income 4,725 4,358 (7.8%) (367) Valuation difference on available-for-sale securities (382) Noncontrolling interests 2,972 2,980 +0.3% 8 Total net assets 65,364 64,289 (1.6%) (1,075) Total liabilities and net assets 155,661 166,914 +7.2% 11,253 Unit:million yen 10
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Table of Contents 02 Financial Forecasts of FY2027/3
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. FY2027/3 Forecast Summary 02 FY2026/3 FY2027/3 FY2027/3 FY2027/3 Forecast Growth rate Change 1Q-2Q Forecast Growth rate Change 3Q-4Q Forecast Growth rate Change Net sales 230,531 250,000 +8.4% 19,469 121,000 +7.0% 7,946 129,000 +9.8% 11,523 Operating profit 11,864 13,800 +16.3% 1,936 5,400 △11.0% △668 8,400 +44.9% 2,604 Profit margin[%] 5.1 5.5 - 0.4 4.5 - △0.9 6.5 - 1.6 Ordinary profit 12,530 14,000 +11.7% 1,470 5,540 △11.6% △729 8,460 +35.1% 2,199 Profit margin[%] 5.4 5.6 - 0.2 4.6 - △0.9 6.6 - 1.3 Profit attributable to owners of parent 7,448 8,300 +11.4% 852 3,300 △17.3% △691 5,000 +44.6% 1,543 Earnings per share (Yen) 55.30 61.63 24.50 37.13 Dividend per share (Yen) 32.00 32.00 16.00 16.00 1Q-2Q YoY 3Q-4Q YoY （million Yen ） YoY Financial Forecasts of FY2027/3 12
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Shareholder Return Policy 02 • We have continued to increase dividends since our listing (FY2014/3) and will maintain a basic policy of progressive dividends (excluding commemorative dividends). • We will aim to achieve a dividend payout ratio of approximately 40%. * The Company conducted a two-for-one stock split on October 1, 2019 and on January 1, 2021. Taking into account the impact of the stock split, changes in indicators per share after retroactive adjustments are shown below. * The dividend for the fiscal year ended March 2021 includes a commemorative dividend (3.75 yen for interim and year-end dividends) to mark the 50th anniversary of the Company’s foundation. Dividends per Share (JPY) Dividend payout ratio DOE（Ratio of dividends to net assets） 4.06 7.94 7.94 7.94 9.10 10.96 18.96 19.00 23.50 30.00 32.00 32.00 32.00 27.3% 39.5% 33.0% 33.4% 29.9% 29.1% 43.5% 39.0% 38.0% 42.3% 59.3% 58.1% 52.1% 4.0% 6.8% 6.0% 5.3% 5.3% 5.7% 9.2% 8.7% 9.1% 8.6% 7.5% 6.9% -30.0% -10.0% 10.0% 30.0% 50.0% 70.0% 90.0% 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 FY2015/3 FY2016/3 FY2017/3 FY2018/3 FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 FY2027/3 FY2028/3 Forecast Image Introduction of a progressive dividend policy Financial Forecasts of FY2027/3 13
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Shareholder Benefit Program Introduction Financial Forecasts of FY2027/3 02 • Introducing the "AZ-COM Maruwa Holdings Premium Yutai Club," where shareholders can redeem their Shareholder Benefit Points for their preferred items from a selection of approximately 5,000 products. AZ-COM Maruwa Holdings Premium Yutai Club Number of Shares Held as of September 30 Benefit Points to Be Awarded 400 – 499 shares 3,000 points 500 – 599 shares 6,000 points 600 – 699 shares 10,000 points 700 – 999 shares 12,000 points 1,000 – 1,499 shares 18,000 points 1,500 – 1,999 shares 30,000 points 2,000 shares or more 50,000 points Earn points Redeem points for rewards Details Commencement Date: Eligible Shareholders: Point Award Frequency: September 30, 2026 (record date) Shareholders who hold 400 shares (i.e., 4 share units) or more as of September 30 of each year Every year 1. Improve Shareholder Returns and Attractiveness of Investing in Our Shares • Improve shareholder returns to express our sincere gratitude to our shareholders for their ongoing support • Increase the attractiveness of investing in our shares to expand our investor base and improve stock liquidity 2. Enhance Engagement with Shareholders • Build and utilize a shareholder database through Club member registration • Deliver IR updates, including PR information and financial results, as needed to help shareholders deepen their understanding of our business • Leverage shareholder feedback obtained through surveys and other means to improve our future management practices and IR activities Purpose 14
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. About Higuchi Logistics Service 02 Company Overview Company Name Higuchi Logistics Service Co., Ltd. Established September 1993 Operations began in 1965 following the licensing of its general motor truck transportation business. Head Office 1-12-10 Honjo, Higashiosaka-shi, Osaka 578-0953, Japan President & Representative Director Masahiro Yamazaki Business General Motor Truck Transportation, Freight Forwarding, Industrial Waste Collection and Transportation, Construction (Interior Finishing), and Warehousing Head Office Building (Higashiosaka, Osaka) Higuchi Logistics Service at a Glance Core Businesses Revenue 18.58 billion yen FY2025 Results (Fiscal Year Ended May 2025) 443 employees Employees As of May 2025 Business Locations 21 locations Nationwide (Head Office: Higashiosaka, Osaka) Partner Companies More than 4,000 companies Business alliance with transportation companies nationwide Vehicle Network Company-owned and partner vehicles Annual Contract Projects Completed contract logistics projects Providing End-to-End, One-Stop Solutions to Customers' Logistics Challenges Logistics Business Contract Logistics Business Transportation Matching Business Financial Forecasts of FY2027/3 More than 1,500 projects Approx. 7,000 vehicles 15
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Examples of Structural Reforms and Profit Improvement Initiatives 02 Case１ Case３ Case２ Case４ Specific Initiatives to Improve Productivity and Optimize Low-profit Locations Center A Low-profit business Center B High-growth business FY2025/3 FY2026/3 Withdrawal from Low-profit Business Temporary decline in sales Prioritizing long-term synergies Planned profit improvement of approx. 130 million yen FY2027/3 Improving Productivity FY2026/3 FY2027/3 nsufficient preparation resulted in higher-than-expected shipment volumes and operational workload Planned profit improvement of approx. 730 million yen Center launched in March 2025 Further operational improvements are expected to generate earnings exceeding the current plan LinksMile Japan Inc. Japan Quick Service Co., Ltd. Lufi Co., Ltd. Effective October 1, 2026 Organizational Reorganization among Consolidated Subsidiaries Consolidating functions as the Group’s "Light cargo transportation business specialist" Leveraging data and systems Strengthen efficiency and differentiation to increase supply capacity Management policies and sales strategies Enhancing competitiveness and realizing scale expansion in major domains Optimizing the Business Portfolio and Shifting toward Growth Areas Considering withdrawal Capacity constraints causing operational inefficiencies By withdrawing from Center A, capacity constraints at Center B are alleviated, allowing it to support future business expansion Reorganizing Multi-customer Distribution Centers By discontinuing unprofitable operations at multi-customer distribution centers and acquiring new customers with greater growth potential, we aim to address labor shortages and improve operational efficiency unique to multi-customer facilities Financial Forecasts of FY2027/3 Center A Center B Center launched in August 2025 16
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Table of Contents 03 Appendix
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Corporate Data (As of March 31, 2026) 18 Appendix03 Company Head office Head sales office Tokyo office President & CEO Established Capital Business Issued shares AZ-COM MARUWA Holdings Inc. Asahi 7-1, Yoshikawa-shi, Saitama, Japan 342-0008 Asahi Momotaro 1-1-1, Yoshikawa-shi, Saitama, Japan 342-8505 Masaru Wasami August 1973 9,117 million yen Management administration of group companies, etc. 137,984,520 shares Tekko Building 5F, Momotaro , Marunouchi , Chiyoda-ku, Tokyo, Japan 100-8235
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Management Philosophy & Basic Policy 19 Appendix03 With the basic spirit of customers first, we aim to become the No. 1 company in the 3PL industry and contribute to the realization of each other's happiness and an affluent society. Invest management resources in growing markets and growth-oriented companies, and promote a retail-focused 3PL business. Management Philosophy 1973 Start up with only one truck Started business transactions with Ito-Yokado Started business transactions with Duskin Started online supermarket deliveries for Ito-Yokado AZ-COM MARUWA Holdings Inc <Transition to pure holding company structure> Listed on TSE First Section (currently: TSE Prime Market) Started low- temperature food logistics business Started business transactions with Amazon “EC Last One Mile Same-Day Delivery Service” Started transactions with Matsumoto-Kiyoshi ( c u r r e n t l y : M a t s u k i y o C o c o k a r a & C o . ) Expanded medical logistic range to nationwide Full-scale BCP logistics operations Concluded BCP Agreement with Seven Eleven Japan and CCBJI* Large-Scale Disaster Support Activity Agreement Basic Policy 1970 1991 1995 2006 2013 2015 2017 2019 2022 Company’s History 【2014】 Listed on the Tokyo Stock Exchange Second Section.
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. 20 Appendix04 Net Sales by Domain ◼ Home delivery service using light and small vehicles ◼ Individual delivery services for co-ops ◼ Online supermarket services ◼ Home delivery and installation of electrical appliances, etc. 18.9% Main Customers ・Amazon Japan G.K. ・CO-OP MIRAI ◼ Dedicated center operations for major EC sites ◼ Center operations for normal temperature products in the retail industry 39.3 billion yen ◼ Transportation between bases using medium to large vehicles ◼ Delivery between stores Main Customers ・Amazon Japan G.K. etc. 25.6% 53.3 billion yen Transportation Business 3PL Business ◼ IT Systems ◼ BPO Services (Business Process Outsourcing) ・Amazon Japan G.K. ・Duskin Co., Ltd. ◼ Center operations for supermarkets ◼ Procurement logistics from Manufacturers/wholesale centers ・Belc CO., LTD. ・CO-OP TOHOKU SUNNET BUSINESS ALLIANCE ・MARUAI Inc. ◼ Center operations for drug stores ◼ Return logistics (for manufacturers/wholesalers) MatsukiyoCocokara & Co. 30.9% 11.6% 1.3% 2.7 billion yen 64.4 billion yen 24.2 billion yen 24.1 billion yen Last-One-Mile Business EC Ordinary-temperature Transportation Business Others Business EC Ordinary-temperature ３PL Business Low-temperature Food ３PL Business Medicine & Medical ３PL Business Main Customers Main Customers 11.6% Main Customers etc. etc. etc. etc. ・Yamazawa Co., Ltd. ・Beisia Co., Ltd. ・Mammy Mart Corporation, FY2025 Net sales 230.5 billion yen *FY2025/3 Net sales *The pie chart shows the composition of Net sales in the FY2025/3
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Logistics Network (As of March 31, 2026) 21 Appendix03 ✓ In total 269 bases Tokyo Office (Chiyoda-ku, Tokyo) Corporate Headquarters (Yoshikawa-shi, Saitama) Hokkaido area Tohoku area Kanto area Kansai/Kinki area Chugoku and Shikoku areas Kyushu area 48 bases 6 bases 11 bases 21 bases 14 bases 149 bases Chubu and Tokai areas 20 bases
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Key Management Indicators 22 Appendix03 (million yen) FY2023/3 FY2024/3 FY2025/3 FY2026/3 FY2027/3 (forecast) Net Sales 177,829 198,554 208,370 230,531 250,000 Ordinary profit 11,949 14,498 11,633 12,530 14,000 Ordinary profit ratio (%) 6.7 7.3 5.6 5.4 5.6 Profit attributable to ownerws of parent 7,780 9,119 7,276 7,448 8,300 Total assets 112,028 134,594 138,550 155,661 - Net assets 38,162 57,542 60,431 65,364 - Earnings per share(yen) 61.86 70.88 54.00 55.30 61.63 Net assets per share (yen) 285.40 408.61 428.98 463.27 - Shareholders' equity ratio (%) 32.1 41.0 41.7 40.1 - Return on equity (ROE) (%) 24.0 20.0 12.9 12.4 -
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Copyright© 2026 AZ -COM MARUWA Holdings Inc. All Rights Reserved. Disclaimer This presentation contains forward -looking statements concerning the future plans and business objectives of AZ -COM MARUWA Holdings Inc. These forward -looking statements are not statements of historical facts, rather they are based on certain assumptions involving our judgments and predictions with respect to our performance, business and future events as of today. The forward -looking statements are not guarantees of such assumptions and the results of which often differ materially from those expressed herein. Except when required by applicable disclosure laws, we undertake no obligation to publicly update or revise any forward -looking statement to reflect events or circumstances after the date on which it is made or the occurrence of anticipated or unanticipated events or circumstances. Any inquiries concerning this presentation and IR matters to be directed to: Corporate Strategy Group Public Relations Investor Relations Dept. AZ -COM MARUWA Holdings Inc. https://www.az -com -maruwa -hd.co.jp/en/ オリジナル