FINANCIAL HIGHLIGHT

Revenue
Gross profit
Operating profit
Owners of parent
Assets
Equity attributable to owners of parent
Basic earnings per share
ROE

Income statement

（Unit: JPY thousand）

	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	4,886,704	6,445,074	8,012,511	11,321,923	13,376,857
Cost of Sales	1,144,734	1,312,727	1,873,559	2,514,521	3,600,760
Gross profit	3,741,970	5,142,347	6,138,952	8,807,401	9,776,096
SG&A	2,909,378	4,006,584	5,252,860	7,244,554	8,321,351
Other income	2,868	1,683,262	676,223	1,138,245	173,984
Other expenses	247,265	361,912	23,321	180,483	92,869
Operating profit	588,195	2,457,113	1,538,994	2,520,609	1,535,859
Equity in earnings (losses) of affiliates	ー	ー	ー	(96,815)	(122,991)
Finance income	155,261	19,961	31,173	9,960	106,820
Finance costs	26,200	198,066	292,987	166,318	187,797
Profit before tax	717,256	2,279,008	1,277,180	2,267,436	1,331,890
Income tax expense	177,745	168,308	242,137	218,943	350,200
Profit	539,511	2,110,699	1,035,043	2,048,492	981,690

Statement of financial position

（Unit: JPY thousand）

	FY2021	FY2022	FY2023	FY2024	FY2025
Assets	7,659,487	17,780,313	19,197,059	23,883,632	27,377,104
Current Assets	3,801,621	5,635,120	5,943,973	7,887,185	9,347,653
Non-current assets	3,857,866	12,145,193	13,253,086	15,996,446	18,029,451
Liabilities	4,775,262	12,746,566	11,906,897	15,181,124	16,539,730
Current Liabilities	3,649,870	10,252,744	4,876,337	7,367,749	8,765,393
Non-current liabilities	1,125,391	2,493,821	7,030,559	7,813,374	7,774,337
Equity	2,884,225	5,033,746	7,290,162	8,702,508	10,837,373
Equity attributable to owners of parent	2,841,894	4,995,430	7,248,376	7,887,322	9,854,336
Non-controlling interests	42,330	38,316	41,786	815,185	983,037

Cash flow statement

（Unit: JPY thousand）

	FY2021	FY2022	FY2023	FY2024	FY2025
Cash Flows from Operating Activities	1,235,891	1,389,468	1,139,702	2,231,377	1,861,034
Cash Flows from Investing Activities	(1,202,642)	(5,967,149)	(831,131)	(1,146,666)	(2,395,858)
Cash Flows from Financing Activities	316,409	5,926,344	(836,984)	(777,658)	605,111

Various indicators

	FY2021	FY2022	FY2023	FY2024	FY2025
EPS（JPY）	27.87	119.52	58.31	136.04	61.28
Capital adequacy ratio	37.1%	28.0%	37.8%	32.9%	36.0%
ROE	17.4%	41.4%	14.2%	25.8%	9.8%
number of employees （Regular employee）（people）	346	566	617	877	816
Annual average number of temporary workers（people）	84	100	116	317	309

Notes：
・Until the fiscal year ending March 2022, the revenue from the advertising platform business was recorded on a gross basis. Therefore, starting from the fiscal year ending March 2023, the revenue is presented on a net basis to align with this change.