Report

Consolidated Financial Statements: Second Quarter and First Half-Year Period of Fiscal Year Ending March 31, 2026

Published by Akatsuki

Summary

Akatsuki Inc. reports consolidated financial results for the first half of fiscal year ending March 31, 2026 (April 1–September 30, 2025). Net sales fell 20.6 % YoY to ¥9,915 million, while operating profit declined 42.4 % to ¥1,724 million; ordinary profit dropped 42.7 % to ¥1,676 million, yet net income attributable to parent rose 31.4 % to ¥1,853 million, driven by a higher comprehensive income of ¥2,269 million versus ¥1,499 million the prior year. Profit per share diluted increased from ¥97.85 to ¥128.56. Total assets grew to ¥59,400 million, with net assets rising to ¥42,995 million and equity ratio improving to 71.9 %. Cash flows from operating activities were modest at ¥369 million, while investing cash outflows of ¥5,433 million reflected significant purchases of investment securities and intangible assets. Financing activities generated net inflows of ¥1,775 million, offset by dividends paid of ¥795 million. Segment analysis shows the Games and Comics business experienced a 23.2 % sales decline to ¥9,257 million and a 41.2 % profit drop, whereas the Entertainment and Lifestyle segment grew sales by 76.1 % to ¥649 million, achieving a 90.7 % profit increase. The Others segment recorded a sharp sales decline and continued losses. The report notes significant consolidation changes: six new subsidiaries, including CRAYON Inc., were added; Akatsuki Fukuoka was liquidated. Goodwill increased by ¥4,316 million due to acquisitions of Natee and PAPABUBBLE JAPAN. No full‑year forecasts are provided, reflecting uncertainty in the Games and Comics market and ongoing investment plans.

From the report

ear Consolidated Financial Statements for the Second Quarter and First Half-Year Period of Fiscal Year Ending March 31, 2026 (Japanese GAAP) November 12, 2025 Name of Listed Company: ＡｋａｔｓｕｋｉＩｎｃ． Stock listed on: Tokyo Stock Exchange Code Number: 3932 URL https://aktsk.jp/ Representative: Title: President and CEO Name: Tetsuro Koda Inquiries: Title: Director, Executive Vice President, CFO and CSO Name: Kazuhiro Ishikura TEL: +81-3-5422-7757 Scheduled date for filing half-year report: November 13, 2025 Scheduled dividend payment date: December 11, 2025 Supplementary explanatory materials: Yes Financial results conference: Yes (For institutional investors and analysts) (Amounts less than 1 million yen have been rounded down) 1. Consolidated Results for the First Half-Year Period of FY 2025 (April 1, 2025 to September 30, 2025) (1) Consolidated Operating Results (cumulative) (Percentages indicate year-on-year change) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Million yen ％ Million yen ％ Million yen ％ Million yen ％ First half-year 9,915 △20.6 1,724 △42.4 1,676 △42.7 1,853 31.4 period, FY2025 First half-year 12,483 8.0 2,991 51.0 2,927 44.1 1,410 26.7 period, FY2024 (Note) Comprehensive income: First half-year period, FY2025: 2,269 Million yen (51.4％) First half-year period, FY2024: 1,499 Million yen (18.8％) Profit per Share Diluted Profit per Share Yen Yen First half-year period, FY2025 128.56 128.54 First half-year period, FY2024 97.85 97.77

period, FY2024 (Note) Comprehensive income: First half-year period, FY2025: 2,269 Million yen (51.4％) First half-year period, FY2024: 1,499 Million yen (18.8％) Profit per Share Diluted Profit per Share Yen Yen First half-year period, FY2025 128.56 128.54 First half-year period, FY2024 97.85 97.77 (2) Consolidated Financial Position Total assets Net assets Equity Ratio Million yen Million yen ％ As of September 30, 2025 59,400 42,995 71.9 As of March 31, 2025 54,632 41,455 75.3 (Reference) Equity: As of September 30, 2025: 42,690 Million yen As of March 31, 2025: 41,111 Million yen 2. Dividends Dividends per share End of First Quarter End of Second Quarter End of Third Quarter Year End Full Year Total Yen Yen Yen Yen Yen FY2024 － 40.00 － 55.00 95.00 FY2025 － 55.00 FY2025 (Forecast) －－－ (Notes) 1. Revisions to the latest dividend forecasts: None 2. The year-end dividend for the fiscal year ending March 31, 2026 is undetermined given uncertainties in forecasting business performance at the present time. 3. Forecasts for FY2025 (April 1, 2025 to March 31, 2026) Providing appropriate and reliable forecasts is difficult given many uncertainties impacting the short-term operating environment of the Games and Comics business, as well as the Company’s intention to continue investing in other businesses. Therefore, going forward, the Company has a policy to strive for timely disclosure of quarterly financial results and business overview and to not provide full-year forecasts. For details, please refer to “1.

cs business, as well as the Company’s intention to continue investing in other businesses. Therefore, going forward, the Company has a policy to strive for timely disclosure of quarterly financial results and business overview and to not provide full-year forecasts. For details, please refer to “1. Qualitative Information on Consolidated Results for the Current Period, (3) Qualitative information on Forecasts of Consolidated Operating Results” on page 3 of the attachment.

* Matters of note: (1) Significant changes in the scope of consolidation during the first half-year period of consolidated FY2025: Yes Newly added: 6 companies (Company name: CRAYON, Inc. and 5 other companies) Excluded: 1 company (Company name: Akatsuki Fukuoka, Inc.) Note: For details, please refer to “2. Half-Year Consolidated Financial Statements and Related Notes, (4) Notes on the Semiannual Consolidated Financial Statements (Changes in Scope of Consolidation or Scope of Equity Method)” on page 8 of the attachment. (2) Application of accounting methods specific to the preparation of half-year consolidated financial statements: Yes (3) Changes in accounting policies, accounting estimates and restatement of corrections 1) Changes in accounting policies due to the revision of accounting standards and other regulations: None 2) Changes in accounting policies other than 1) above: None 3) Changes in accounting estimates: None 4) Restatements: None (4) Shares outstanding (Common shares) 1) Number of shares outstanding (including As of September 30, 2025 14,519,300 As of March 31, 2025 14,517,100 treasury shares) 2) Number of treasury shares As of September 30, 2025 97,531 As of March 31, 2025 97,531 3) Average number of shares First half-year of FY2025 14,419,944 First half-year of FY2024 14,419,487 during the term (Notes) １．The number of treasury shares includes shares of the Company held by “Employee Stock Ownership Plan (J-ESOP)”. (32,156 shares as of September 30, 2025;

rch 31, 2025 97,531 3) Average number of shares First half-year of FY2025 14,419,944 First half-year of FY2024 14,419,487 during the term (Notes) １．The number of treasury shares includes shares of the Company held by “Employee Stock Ownership Plan (J-ESOP)”. (32,156 shares as of September 30, 2025; 32,156 shares as of March 31, 2025). ２．The number of shares of the Company held by “Employee Stock Ownership Plan (J-ESOP)” are included in treasury shares deducted in calculating the average number of shares during the period. (32,156 shares for the first half-year period, FY2025; 32,156 shares for the first half-year period, FY2024). * Review of this “Consolidated Financial Statements” by certificated public accountants or audit firms: None * Explanation on the proper use of financial results forecast and other notes (Cautionary Statement) The forecast figures and forward-looking statements included in these materials are based upon judgements and assumptions derived from information available to management at the time this report was prepared. These judgements and assumptions are subject to uncertainties and changes in the operating environment. Actual performance may differ significantly from forecast figures and the Company does not guarantee the certainty of such forward-looking statements.

ement at the time this report was prepared. These judgements and assumptions are subject to uncertainties and changes in the operating environment. Actual performance may differ significantly from forecast figures and the Company does not guarantee the certainty of such forward-looking statements. (Access to Supplementary Explanatory Materials) The company plans to hold a results briefing for institutional investors on November 13, 2025. Supplementary explanatory materials that will be distributed at this meeting will be made available on the company’s website after the announcement of financial results.

Pages: 12
Words: 5,276
Format: PDF
Type: Report

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