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 . Consolidated Financial Results for the Nine Months Ended June 30 , 2026 [ Japanese GAAP ] Accounting Standards F FASF MEMBERSHIP August 7 , 2026 Company name : Stock exchange listing : Securities code : URL : Representative : Contact : Phone : Gakken Holdings Co. , Ltd. Tokyo Stock Exchange 9470 https://www.gakken.co.jp/ Hiroaki Miyahara , President , Representative Director Kenta Kondo , General Manager of Financial Strategy Office + 81-3-6431-1050 Scheduled date of commencing dividend payments : Availability of supplementary briefing material on financial results : Yes Holding of financial results briefing : None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated Financial Results for the Nine Months Ended June 30 , 2026 ( October 1 , 2025 to June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( Percentages indicate year - on - year changes . ) Net Sales EBITDA Operating profit Ordinary profit Nine months ended Million yen % Million yen June 30 , 2026 155,941 6.3 June 30 , 2025 146,736 6.2 12.8 2.6 % Million yen 5,861 5,127 % Million yen 14.3 5,585 ( 0.6 ) 4,734 % 18.0 Profit attributable to owners of parent Million yen 2,650 % ( 3.2 ) ( 7.5 ) 2,738 9,460 8.389 46.4 EBITDA : Operating profit + Depreciation ( including amortization of intangible assets excluding goodwill ) + Amortization of goodwill ( Note ) Comprehensive income : Nine months ended June 30 , 2026 : 3,651 million yen [ 18.4 % ] Nine months ended June 30 , 2025 : 3,083 million yen [ 39.1 % ] Diluted profit per share Profit per share Nine months ended Yen June 30 , 2026 63.88 June 30 , 2025 65.74 ( 2 ) Consolidated Financial Position As of June 30 , 2026 Yen 63.55 65.37 Total assets Net assets Equity ratio Million yen 144,029 Million yen 61,117 59,471 % 37.1 36.9 As of September 30 , 2025 139,194 ( Reference ) Equity : As of June 30 , 2026 : 53,387 million yen As of September 30 , 2025 : 51,424 million yen 2. Dividends Annual dividends 1st quarter - end 2nd quarter - end 3rd quarter - end Year - end Total Yen Yen 13.00 Yen Yen 13.00 Yen 26.00 14.50 Fiscal year ended September 30 , 2025 September 30 , 2026 Fiscal year ending September 30 , 2026 ( Forecast ) ( Note ) Revision of dividends forecast since the last announcement : None 14.50 29.00
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3. Consolidated Financial Results Forecast for the Fiscal Year Ending September 30, 202 6 (October 1, 202 5 to September 30, 2026) (% indicates changes from the previous corresponding period.) Net sales EBITDA Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Million yen % Million yen % Million yen % Million yen % Million yen % yen Full year 205,000 3.0 13,500 4.0 8,500 3.2 8,300 6.3 4,000 11.8 96.77 * Notes: (1) Significant Changes in the scope of consolidation during the period under review : Yes Newly added: 1 (Name) PARA MEDICAL Co., Ltd. Excluded: – (Name) – (2) Application of special accounting treatments in preparing quarterly consolidated financial statements : Yes (3) Changes in accounting policies, changes in accounting estimates, and retrospective restatement 1) Changes in accounting policies due to the revisions to accounting standards and other regulations : None 2) Changes in accounting policies other than 1) above : None 3) Changes in accounting estimates : None 4) Retrospective restatement : None (4) Total number of issued shares (common stock) 1) Total number of issued shares at the end of the period (including treasury shares): June 30, 2026: 44,633,232 shares September 30, 2025: 44,633,232 shares 2) Total number of treasury shares at the end of the period: June 30, 2026: 3,009,525 shares September 30, 2025: 3,217,142 shares 3) The average number of shares during the period: Nine months ended June 30, 2026: 41,495,820 shares Nine months ended June 30, 2025: 41,655,195 shares * These quarterly consolidated financial results have not been reviewed by a certified public accountant or an audit firm. * Explanation of the proper use of financial results forecast and other notes (Note on forward-looking statements, etc.) Financial performance forecasts and other forward -looking statements herein are based on information currently available to the Company and certain assumptions it deems rational. The actual results may vary significantly due to various factors. With reg ard to the assumptions for the performance forecasts and the notes on the use of the performance forecasts, please refer to “1. Overview of Business Result , (3) Consolidated Financial Results Forecast and Other Forward -looking Statements” on page 6 of the Attachments.
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―1― Table of Contents - Attachments 1. Overview of Business Result ................................................................................................................................................................. 2 (1) Overview of Business Results for the Third Quarter ........................................................................................................................ 2 (2) Overview of Financial Position ........................................................................................................................................................ 6 (3) Consolidated Financial Results Forecast and Other Forward-looking Statements ........................................................................... 6 2. Quarterly Consolidated Financial Statements and Primary Notes ......................................................................................................... 7 (1) Quarterly Consolidated Balance Sheets ........................................................................................................................................... 7 (2) Quarterly Consolidated Statements of Income and Comprehensive Income .................................................................................... 9 (3) Notes to the Quarterly Consolidated Financial Statements ............................................................................................................ 11 (Notes on Going Concern Assumption) ........................................................................................................................................... 11 (Notes on Application of Special Accounting Treatments in Preparing Quarterly Consolidated Financial Statements) .................. 11 (Notes on When There Are Significant Changes in Amounts of Equity) ......................................................................................... 11 (Notes on Quarterly Consolidated Statements of Cash Flows) ........................................................................................................ 11 (Notes on Segment Information) ...................................................................................................................................................... 11
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―2― 1. Overview of Business Result (1) Overview of Business Results for the Third Quarter In the domestic economy, while the stock market showed signs of strength, including the Nikkei Stock Average reaching a record high, the environment surrounding households and businesses remains severe due to continued increases in prices and interest rates, as well as persistently higher utility costs such as water, electricity and gas charges. In addition, the outlook remains uncertain, reflecting factors such as fluctuations in energy prices associated with increasing instability in the international situation. In the education market, demand for learning tends to rise with the start of a new school year; however, the competitive environment remains challenging against the backdrop of the accelerating decline in the number of children. Meanwhile, as learning styles continue to diversify, a wide range of support initiatives has been expanding in educational settings for the new school term. Digitalization of the educational environment has further progressed, including the phased introduction of digital textbooks. At the compulsory education level (elementary and junior high schools), learning support initiatives have continued to expand in response to an increase in the number of students who do not attend school and to widening educational disparities attributable to income and regional factors. At the high school level, discussions and actions toward institutional reforms have continued, such as the expansion of tuition support programs. In addition, demand has remained solid for new services arising from the diversification of selection methods in university admissions, as well as for recurrent education and reskilling among working adults. In the nursing care and medical services market, demand for nursing care services and senior housing continues to expand amid growth in the elderly population. Meanwhile, chronic labor shortages and ongoing cost pressures — including higher utility costs and food costs —remain key operational challenges. Under these circumstances, during the third quarter, an extraordinary revision of long-term care reimbursement was implemented in June 2026, along with various support measures, which are expected to alleviate cost burdens for service providers and further expand initiatives to improve employee compensation and working conditions. In addition, with the next revision of long-term care reimbursement planned for next year, close attention is being paid to future policy trends and the industry’s response. In light of the market conditions described above, consolidated results for the third quarter (cumulative) were as follows: net sales of 155,941 million yen (up 6.3% YoY), EBITDA of 9,460 million yen (up 12.8% YoY), operating profit of 5,861 million yen (up 14.3% YoY), ordinary profit of 5,585 million yen (up 18.0% YoY), and profit attributable to owners of parent of 2,650 million yen (down 3.2% YoY). Net sales increased by 9,205 million yen YoY , mainly due to the expansion of the childcare business in the Education Domain, an increased contribution from DTP Education Solutions JSC (hereinafter, “DTP”) in Vietnam due to a longer consolidation period, an increase in the number of facilities and the maintenance of high occupancy rates in the Healthcare and Nursing Domain, and steady performance in nursing care-related businesses. Operating profit increased by 733 million yen YoY on a consolidated basis, led by higher profits in the classroom and cram school business and the senior housing business, which offset declines in profits in the publishing and content services business and the global business. Ordinary profit increased by 850 million yen YoY , driven by the increase in operating profit and an improvement in non-operating income and expenses. Profit attributable to owners of parent decreased by 87 million yen YoY , mainly due to the absence of extraordinary gains recorded in the first quarter of the previous fiscal year and an increase in impairment losses.
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―3― Results by segment are as follows: *Effective from the first quarter of the current fiscal year, the Company has changed its reportable segments, and comparisons and analyses for the corresponding period are based on the revised segment classifications. For further details, please refer to “2. Quarterly Consolidated Financial Statements and Primary Notes (3) Notes to the Quarterly Consolidated Financial Statements” (million yen) Nine months ended June 30, 2025 Nine months ended June 30, 2026 Change Reportable segments Net sales Operating profit Net sales Operating profit Net sales Operating profit Education Domain 80,177 3,939 82,898 3,999 2,720 60 Healthcare and Nursing Domain 64,196 2,431 70,551 2,695 6,354 263 Other 2,362 316 2,492 271 130 (45) Adjustment － (1,560) － (1,105) － 454 Group total 146,736 5,127 155,941 5,861 9,205 733 Classification of the Group’s products and services is as follows: Reporting segment Large classification Medium classification Individual business (small classification) Education Domain Classrooms and Learning Centers Business Classrooms Business Operation of classrooms for a range of children from preschoolers to junior high school students (mainly elementary school students) Learning Centers Business Operation of learning centers for a range of children from elementary school students to senior high school students Publishing and sale of learning materials for learning centers, assessment, and other materials Publishing and Content Services Business Publishing Services Business Publishing and sale of publications through distributors and bookstores Planning, production, and sale of textbooks, instruction guides for teachers, supplemental, digital learning materials, special needs education materials, and short essay tutoring services Content Services Business Operation of e-learning for training programs targeting nurses Operation of online English conversation services Operation of experience-based English learning facilities Sale of corporate training contents and services Childcare and Early Childhood Business Childcare Business Development, and operation of nursery schools, daycare centers, afterschool program, etc. Early Childhood Business Procurement, planning, production, and sale of publications, child-care products, equipment, and playground equipment for kindergartens and nursery schools, as well as apparel items for teachers, Design of facilities and equipment Global Business Promotion of the Group’s overseas business Planning, contract work, and implementation of ODA business Healthcare and Nursing Domain Elderly Housing Business Planning, development, and operation of bases for elderly care services, mainly serviced apartments for the elderly Group Homes for the Elderly with Dementia Business Planning, development, and operation of bases for elderly care services, mainly group homes for the elderly with dementia Other Business Domain Logistics business, operation of relevant systems, undertaking of contract work, etc. Provision of services such as accounting, HR, IT systems for group companies Planning and development of digital products and support for Group DX
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―4― [Education Domain] Net sales: 82,898 million yen (up 3.4% YoY) / Operating profit: 3,999 million yen (up 60 million yen, 1.5% YoY) (million yen) Nine months ended June 30, 2025 Nine months ended June 30, 2026 Change Main businesses Net sales Operating profit Net sales Operating profit Net sales Operating profit Classrooms and Learning Centers Business 39,325 878 39,611 1,379 286 500 Publishing and Content Services Business 25,722 2,808 25,804 2,365 82 (442) Childcare and Early Childhood Business 12,552 272 13,169 443 616 170 Global Business 2,576 (20) 4,312 (188) 1,735 (168) Segment total 80,177 3,939 82,898 3,999 2,720 60 (Classrooms and Learning Centers Business) Net sales: 39,611 million yen (up 0.7% YoY) / Operating profit: 1,379 million yen (up 500 million yen, 56.9% YoY) Net sales increased in the Classrooms Business, driven by the impact of the tuition fee revision implemented in April 2025 and an improvement in the multiple-course take-up rate (ratio of students taking multiple courses). In the Learning Centers Business, although net sales decreased at certain locations, net sales increased mainly due to the expansion of local government -commissioned contracts in the School Education Support Business. As a result, net sales increased for the Classrooms and Learning Centers businesses as a whole. Operating profit in the Classrooms Business was in line with the same period of the previous year, as the increase in net sales from the tuition fee revision was offset by sluggish performance in certain services and higher operating expenses. Operating profit in the Learning Centers Business increased, supported by the expansion of local government-commissioned contracts in the School Education Support Business, as well as measures such as the integration and closure of unprofitable locations. As a result, operating profit increased for the Classrooms and Learning Centers businesses as a whole. (Publishing and Content Services Business) Net sales: 25,804 million yen (up 0.3% YoY) / Operating profit: 2,365 million yen (down 442 million yen, 15.8% YoY) Net sales in the Publishing Services Business decreased, although sales of children’s books and study guides remained solid. This was mainly due to a pullback following sales of teachers’ manuals associated with the junior high school textbook revision recorded in the previous year, weaker sales of certain products in some regions amid rising geopolitical risks, and muted performance of overseas travel guide -related titles due to softer travel demand resulting from changes in international conditions. In the Content Services Business, net sales increased, driven by growth in the number of users of the online English conversation service “Kimini” and an increase in the number of contracted hospitals for Nursing e -learning, among other factors. As a result, n et sales for the Publishing and Content Services Business as a whole were in line with the previous year. Operating profit decreased for the Publishing and Content Services Business as a whole, due to the impact of lower net sales in the Publishing Services Business, higher material prices and logistics costs, and the burden of AI-related investments in the Content Services Business, among other factors. (Childcare and Early Childhood Business) Net sales:13,169 million yen (up 4.9% YoY) / Operating profit: 443 million yen (up 170 million yen, 62.5% YoY) Net sales increased due to the continued high capacity utilization (enrollment) rates at childcare centers, as well as the expansion in the scale of commissioned publicly operated after -school childcare programs, among other factors. Operating Profit increased, mainly due to higher net sales. (Global Business) Net sales: 4,312 million yen (up 67.4% YoY) / Operating loss: 188 million yen (loss widened by 168 million yen
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―5― YoY) Net sales increased mainly due to the extended consolidation contribution period of DTP, as it was consolidated from the third quarter of the previous fiscal year, whereas it has been included in consolidation since the beginning of the current fiscal year. Operating loss was recorded. While the extended consolidation contribution period of DTP contributed to earnings, factors including the recognition of goodwill amortization had an impact. [Healthcare and Nursing Domain] Net sales: 70,551 million yen (up 9.9% YoY) / Operating profit: 2,695 million yen (up 263 million yen, 10.8% YoY) (million yen) Nine months ended June 30, 2025 Nine months ended June 30, 2026 Change Main businesses Net sales Operating profit Net sales Operating profit Net sales Operating profit Elderly Housing Business 34,182 1,198 37,249 1,365 3,066 166 Group Homes for the Elderly with Dementia Business 30,014 1,232 33,302 1,329 3,287 96 Segment total 64,196 2,431 70,551 2,695 6,354 263 (Elderly Housing Business) Net sales: 37,249 million yen (up 9.0% YoY) / Operating profit: 1,365 million yen (up 166 million yen, 13.9% YoY) Net sales increased, driven by the expansion in the number of facilities and the maintenance of a high occupancy rate, as well as the impact of price revisions implemented in March 2025 and March 2026. Operating profit increased. Although results were affected by rising utilities costs, higher prices for food and consumable supplies, and increased personnel expenses, profit growth was driven by operational improvements and the contribution from the price revision launched in March 2026. (Group Homes for the Elderly with Dementia Business) Net sales: 33,302 million yen (up 11.0% YoY) / Operating profit: 1,329 million yen (up 96 million yen, 7.9% YoY) Net sales increased due to the increase in the number of facilities, the maintenance of a high occupancy rate, growth in ancillary businesses including the nursing care supplies business and the building management business, and the inclusion of PARA MEDICAL Co., Ltd. in consolidation from January 2026, among other factors. Operating profit increased, supported by higher Net sales driven by the increase in the number of facilities and the maintenance of a high occupancy rate, as well as profit growth in ancillary businesses.
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―6― (2) Overview of Financial Position The Company’s consolidated financial position under review is summarized below. (million yen) Item As of September 30, 2025 As of June 30, 2026 Change Current Assets 70,038 73,087 3,048 Cash and Deposits 22,916 24,013 1,097 Non-Current Assets 69,155 70,941 1,786 Total Assets 139,194 144,029 4,834 Current Liabilities 40,384 43,969 3,584 Non-Current Liabilities 39,338 38,943 (395) Total Liabilities 79,722 82,912 3,189 Interest-Bearing Debt*1 36,652 41,458 4,806 Total Net Assets 59,471 61,117 1,645 Total Liabilities and Net Assets 139,194 144,029 4,834 Equity Ratio (%)*2 36.9 37.1 0.2 D/E Ratio (times)*3 0.71 0.78 0.07 *1: Interest-bearing debt = Borrowings + Bonds payable + Lease obligations *2: Equity ratio = Equity / Total assets *3: D/E ratio = Interest-bearing debt / Equity The total assets as of the third quarter of the fiscal year ending September 30, 2026 amounted to 144,029 million yen, increa sing by 4,834 million yen from the end of the preceding fiscal year. The main changes were an increase of 1,097 million yen in cash and deposits, an increase of 1,092 million yen in notes and accounts receivable, an increase of 601 million yen in merchandise and finished goods, an increase of 70 million yen in property, plant and equipment, a decrease of 216 million yen in intangible assets, and an increase of 832 million yen in investment securities. The total liabilities amounted to 82,912 million yen, increasing by 3,189 million yen from the end of the preceding fiscal year. The main changes were a decrease of 850 million yen in notes and accou nts payable, an increase of 6,800 million yen in short-term borrowings, a decrease of 1,369 million yen in the current portion of long- term borrowings, and a decrease of 636 million yen in long-term borrowings. The total net assets amounted to 61,117 million yen, increasing by 1,645 million yen from the end of the preceding fiscal year. The main changes were a decrease of 80 million yen in capital surplus, an increase of 1,394 million yen in retained earnings, and a decrease of 285 million yen in non-controlling interests. (3) Consolidated Financial Results Forecast and Other Forward-looking Statements For the fiscal year ending September 30, 2026, the Company expects net sales of 205,000 million yen, EBITDA of 13,500 million yen, operating profit of 8,500 million yen, ordinary profit of 8,300 million yen, and profit attributable to owners of the parent company of 4,000 million yen. There is no change from the consolidated financial results forecast announced on November 7, 2025. The above forecasts are determined based on information currently available to the Company and include potential risks and uncertainties. Please note that actual results may differ significantly from these forecasts due to various factors.
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―7― 2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheets (million yen) As of September 30, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 22,916 24,013 Notes receivable and accounts receivable 26,043 27,136 Merchandise and finished goods 10,355 10,957 Work in process 3,702 3,306 Raw materials and supplies 235 199 Other 6,859 7,545 Allowance for doubtful accounts (73) (71) Total current assets 70,038 73,087 Non-current assets Property, plant and equipment Buildings and structures (net) 10,265 9,829 Machinery, equipment and vehicles (net) 108 108 Land 4,835 4,734 Construction in progress 25 649 Other (net) 1,684 1,667 Total property, plant and equipment 16,918 16,989 Intangible assets Goodwill 9,628 9,022 Other 10,109 10,499 Total intangible assets 19,738 19,521 Investments and other assets Investment securities 15,410 16,242 Other 17,321 18,542 Allowance for doubtful accounts (234) (354) Total investments and other assets 32,498 34,431 Total non-current assets 69,155 70,941 Total assets 139,194 144,029
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―8― (million yen) As of September 30, 2025 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 7,080 6,229 Short-term borrowings 2,750 9,550 Current portion of bonds payable － 25 Current portion of long-term borrowings 6,828 5,458 Income taxes payable 2,757 784 Provision for bonuses 2,726 1,901 Other 18,241 20,019 Total current liabilities 40,384 43,969 Non-current liabilities Bonds payable 7,000 7,000 Long-term borrowings 19,050 18,414 Retirement benefit liability 5,207 5,144 Other 8,080 8,384 Total non-current liabilities 39,338 38,943 Total liabilities 79,722 82,912 Net assets Shareholders’ equity Share capital 19,817 19,817 Capital surplus 11,357 11,276 Retained earnings 21,127 22,522 Treasury shares (3,029) (2,837) Total shareholders’ equity 49,273 50,778 Accumulated other comprehensive income Valuation difference on available-for-sale securities 1,581 1,654 Deferred gains or losses on hedges 1 7 Foreign currency translation adjustment (342) 157 Remeasurements of defined benefit plans 911 790 Total accumulated other comprehensive income 2,150 2,609 Share acquisition rights 167 134 Non-controlling interests 7,880 7,594 Total net assets 59,471 61,117 Total liabilities and net assets 139,194 144,029
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―9― (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income Third Quarter Consolidated Cumulative Period (million yen) For the nine months ended June 30, 2025 For the nine months ended June 30, 2026 Net sales 146,736 155,941 Cost of sales 107,416 114,218 Gross profit 39,319 41,722 Selling, general and administrative expenses 34,191 35,861 Operating profit 5,127 5,861 Non-operating income Interest income 58 181 Dividend income 168 108 Other 140 295 Total non-operating income 367 585 Non-operating expenses Interest expenses 354 487 Share of loss of entities accounted for using equity method 110 109 Other 296 263 Total non-operating expenses 760 861 Ordinary profit 4,734 5,585 Extraordinary income Gain on sale of fixed assets 179 5 Gain on sale of investment securities 8 241 Gain on step acquisitions 480 － Other 70 15 Total extraordinary income 738 262 Extraordinary losses Loss on sale and disposal of fixed assets 135 134 Impairment losses 133 309 Loss on sale of investment securities 82 43 Loss on valuation of investment securities 244 247 Other 11 93 Total extraordinary losses 608 828 Profit before income taxes 4,864 5,019 Income taxes 2,068 2,287 Profit 2,795 2,731 Profit attributable to non-controlling interests 57 80 Profit attributable to owners of parent 2,738 2,650
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―10― Quarterly Consolidated Statements of Comprehensive Income Third Quarter Consolidated Cumulative Period (million yen) For the nine months ended June 30, 2025 For the nine months ended June 30, 2026 Profit 2,795 2,731 Other comprehensive income Valuation difference on available-for-sale securities 668 85 Deferred gains or losses on hedges 2 1 Foreign currency translation adjustment (246) 900 Remeasurements of defined benefit plans, net of tax (115) (68) Share of other comprehensive income of entities accounted for using equity method (20) 0 Total other comprehensive income 287 919 Comprehensive income 3,083 3,651 Breakdown: Comprehensive income attributable to owners of parent 2,989 3,109 Comprehensive income attributable to non -controlling interests 94 542
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―11― (3) Notes to the Quarterly Consolidated Financial Statements (Notes on Going Concern Assumption) Not applicable. (Notes on Application of Special Accounting Treatments in Preparing Quarterly Consolidated Financial Statements) (Calculation of tax expenses) Tax expenses are calculated by making a reasonable estimate of the effective tax rate after applying tax effect accounting to profit before income taxes for the fiscal year, including the third quarter ended June 30, 2026, and multiplying the profit before income taxes by this estimated effective tax rate. (Notes on When There Are Significant Changes in Amounts of Equity) There is no relevant information. (Notes on Quarterly Consolidated Statements of Cash Flows) We have not prepared a quarterly consolidated statement of cash flows for the nine months ended June 30, 2026. Depreciation (including amortization related to intangible assets excluding goodwill) and Amortization of goodwill for the nine-month period are as follows. Former Third Quarter Consolidated Cumulative Period (Oct 1, 2024 – Jun 30, 2025) Nine-month period ended June 30, 2026 (Oct 1, 2025 – Jun 30, 2026) Depreciation 2,336 million yen 2,687 million yen Amortization of goodwill 924 million yen 911 million yen (Notes on Segment Information) I. For the nine months ended June 30, 2025 (October 1, 2024 to June 30, 2025) 1. Information on the amounts of net sales, profit or loss, by reportable segment (million yen) Reportable segment Other (Note) 1 Total Adjustment (Note) 2 Amount recorded in consolidated financial statements (Note) 3 Education Domain Healthcare and Nursing Domain Total Net sales Net sales to external customers 80,177 64,196 144,373 2,362 146,736 － 146,736 Inter-segment net sales or transfers 204 69 274 5,656 5,930 (5,930) － Total 80,381 64,266 144,647 8,018 152,666 (5,930) 146,736 Segment profit 3,939 2,431 6,370 316 6,687 (1,560) 5,127 (Notes) 1. “Other” includes logistics and other businesses that are not included in the reportable segments. 2. The adjustment of negative 1,560 million yen for “Segment profit” includes negative 1,557 million yen in company-wide expenses that were not allocated to specific reportable segments. Company -wide expenses are mainly general and administrative expenses that are not attributable to a reportable segment. 3. Total amount of “segment profit” is adjusted based on operating profit reported in the consolidated statements of income. 2. Information concerning impairment losses on non-current assets or goodwill, etc. by reportable segment There is no relevant information.
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―12― II. For the nine months ended June 30, 2026 (October 1, 2025 to June 30, 2026) 1. Information on the amounts of net sales, profit or loss by reportable segment (million yen) Reportable segment Other (Note) 1 Total Adjustment (Notes) 2 Amount recorded in consolidated financial statements (Note) 3 Education Domain Healthcare and Nursing Domain Total Net sales Net sales to external customers 82,898 70,551 153,449 2,492 155,941 － 155,941 Inter-segment net sales or transfers 251 77 329 4,756 5,085 (5,085) － Total 83,149 70,629 153,778 7,248 161,026 (5,085) 155,941 Segment profit 3,999 2,695 6,694 271 6,966 (1,105) 5,861 (Notes) 1. “Other” includes logistics and other businesses that are not included in the reportable segments. 2. The adjustment of negative 1,105 million yen for “Segment profit” includes negative 1,106 million yen in company-wide expenses that were not allocated to specific reportable segments. Company -wide expenses are mainly general and administrative expenses that are not attributable to a reportable segment. 3. Total amount of “segment profit” is adjusted based on operating profit reported in the consolidated statements of income. 2. Notes concerning changes in reportable segments From the first quarter of the current fiscal year, in order to strengthen collaboration in childcare and early childhood-related businesses and to accelerate the expansion and development of overseas businesses, the reportable segment for Gakken Cocofump Nursery Co., Ltd. has been changed from “Healthcare and Nursing Domain” to “Education Domain.” Additionally, DTP Education Solutions JSC, Gakken (Hong Kong) Co., Ltd. and IC Net Limited have been changed from “Other Business Domain” to “Education Domain.” There are no changes to the reportable segments themselves. The segment information for the previous first quarter consolidated cumulative period is presented based on the revised segment classifications. 3. Information concerning impairment losses on non-current assets or goodwill, etc. by reportable segment There is no relevant information.