Operating Result Forecast

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

　Amid intensified competition with rivals for users, we have increased advertising investments since May 2026. These investments have led to an increase in the number of applications and a switch to positive growth in the number of contracted companies, indicating signs of improvement. However, the pace of sales recovery has been slower than forecasted at the beginning of the fiscal year due to a decline in unit contract prices and a slowdown in sales in the agency business. As we continue to invest aggressively in advertising to strengthen our competitive advantage, we are revising our full year earnings forecasts to sales ranging from ¥49,000 million to ¥53,000 million and operating incomeranging from ¥(2,500) million to ¥2,500 million.

　By increasing our market share through strategic investments this year, we will put next year’s sales and income back on a growth path.The FY’27/2 year-end dividend forecast has not been changed from the most recently published forecast of ¥49 per share.