Operating Result Forecast

Operating results forecast for FY’27/2（from March 1, 2026 to February 28, 2027)

Starting in FY’27/2, we will adopt a hybrid strategy combining our existing listing-based model with a new cost-per-click (CPC) model, with the aim of improving sales productivity. Taking into account the impact of introducing the hybrid model, transitioning to a solutions-based organization, and continuing initial investments in Spot and others, we forecast consolidated sales for FY’27/2 to range between -2.5% and +5% year on year, with operating income of ¥5–10 billion.While the introduction of the CPC model may temporarily lower sales, we will leverage our direct sales strength to increase listings and quickly resume sales growth. In the medium term, we will aim for sales growth of 20% and an operating margin of 30% or higher.The details are as follows.The details are as follows.