Summary & Topics

• Revenues and gross profit increased significantly year on year, with revenues reaching a record high.
• To further accelerate restructuring in the Career School business, we have decided to recognize a full impairment loss on goodwill.
• For 2026, we are forecasting revenues of ¥46.7 billion and operating income of ¥6.31 billion, both new records.
• We are forecasting Motivation Cloud monthly fee revenue of ¥700 million at the end of 2026.
• For medium-term growth, we will shift to a recurring revenue business model, centered on the Consulting & Cloud business. Our targets for 2030 are operating income of ¥15.0 billion (approx. 3.5 times higher than 2025), and ARR of ¥24.0 billion (approx. 3.0 times higher than 2025)
• We have decided to make our largest share repurchase ever, up to a maximum aggregate amount of ¥6.0 billion.