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1Q FY2022 Presentation Material

1Q FY2022 Presentation Material The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various 1. Quarterly Results (October - December 2021) 3. Internet Advertisement Business 6. Medium to long-term strategy FY2022 Sales and OP were off to a strong start.

CyberAgent

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2022

Financial highlights for the first quarter of fiscal year ending March 2022 show a robust 80.6 % increase in net sales to ¥60,370 million from ¥20,520 million the prior year. Gross profit rose 97.1 % to ¥39,071 million, while operating income surged 121.5 % to ¥24,397 million and net income climbed 101.9 % to ¥29,550 million. Forecasts for the full year indicate a modest 7.7 % rise in net sales to ¥65,000 million and a slight decline of 10.3 % in net income to ¥26,500 million. Segment analysis reveals entertainment sales as the dominant driver, contributing ¥56,808 million in net sales (82.9 % YoY growth) and ¥23,974 million in operating income (123.4 % YoY). Amusement sales grew 19.5 % in net sales and 188.2 % in operating income, while real‑estate revenue increased 45.1 % but operating income fell 65.2 %. Other segments showed mixed performance, with a 120 % rise in net sales but a decline in operating income. Balance‑sheet activity shows current assets rising to ¥42,361 million from ¥33,739 million, driven by a jump in marketable securities to ¥14,109 million. Current liabilities increased to ¥23,446 million, largely due to short‑term loan payable of ¥9,500 million. Shareholders’ equity remained stable at approximately ¥151 million million, with retained earnings slightly lower. Overall liquidity improved, and the company maintained a solid asset base of ¥190 842 million as of June 30, 2021.

Koei Tecmo

Notice of the 15th Annual General Meeting of Shareholders: Akatsuki Inc.

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. (Start of electronic provision) June 3, 2025 Tetsuro Koda, President and CEO 2-13-30 Kamiosaki, Shinagawa-ku, Tokyo NOTICE OF THE 15TH ANNUAL GENERAL MEETING OF SHAREHOLDERS You are hereby notified that the 15th Annual General Meeting of Shareholders of Akatsuki Inc.

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Akatsuki

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Semi-Annual Report: Nippon Ichi Software

The semi‑annual report for Nippon Ichi Software covers the fiscal period from April 1 to September 30, 2026 (the company’s 32nd interim period). The report presents consolidated financial statements, operational highlights, and governance disclosures for the Japanese video‑game developer headquartered in Gifu. Key financial metrics show a decline in consolidated revenue to ¥2,447 billion (‑20.0 % YoY) and a shift from operating profit to an operating loss of ¥205 billion, driven by higher development and marketing costs. Net income attributable to parent shareholders fell to a loss of ¥171 billion, while comprehensive income dropped to ¥‑396 billion. The company’s equity stood at ¥7,676 billion with a debt‑to‑equity ratio of roughly 0.38, and cash balances decreased to ¥4,282 billion from ¥5,151 billion at the prior period end. Segment analysis indicates that the entertainment business generated ¥2,400 billion in sales but recorded a loss of ¥205 billion, whereas the student‑dormitory and ancillary segment posted modest revenue growth of 23 % but a small operating loss. The report notes continued focus on digital distribution, cloud gaming, and international localization, with new titles slated for simultaneous domestic‑international release. Governance details reveal a fully listed company on the Tokyo Stock Exchange, with 5,151 thousand shares outstanding and a major shareholder holding 38.8 % of equity. The audit section confirms that the interim financial statements were reviewed by an independent firm and found compliant with Japanese GAAP. No material post‑reporting events or significant risks were identified beyond the ongoing macroeconomic uncertainty affecting the gaming sector.

Nippon Ichi Software

Financial Highlights: Fiscal Year Ending March 2021

Financial highlights for the fiscal year ending March 2021 show a robust expansion of KOEI TECMO HOLDINGS’ revenue and profitability. Net sales rose 41.6 % from ¥42,645 million in FY2019 to ¥60,370 million in FY2020, driven mainly by the entertainment segment which grew 45.3 % to ¥56,808 million. Gross profit increased 73.2 %, operating income surged 73.0 % to ¥24,397 million, and net income nearly doubled, rising 93.1 % to ¥29,550 million. Forecasts for FY2021 anticipate a modest 7.7 % sales increase to ¥65,000 million and a slight operating income rise of 0.4 % to ¥24,500 million. The balance sheet reflects significant asset growth: total assets expanded from ¥147,793 million to ¥190,671 million, largely due to a jump in investment securities from ¥71,350 million to ¥113,176 million and an increase in net defined benefit assets. Current assets grew 12.5 % to ¥33,739 million, while current liabilities fell 12.8 % to ¥21,022 million, improving liquidity. Shareholders’ equity rose 18.8 % to ¥151,999 million, supported by retained earnings growth and a reduction in treasury stock. Geographically the company operates primarily within Japan, with revenue streams concentrated in entertainment and amusement. The period covered is FY2019 through FY2020, with forward guidance for FY2021. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of operating performance and balance sheet strength.

Koei Tecmo

2Q FY2020 Presentation Material: January to March 2020

2Q FY2020 Presentation Material 1. Quarterly Results (January - March 2020) 3. Internet Advertisement Business FY2020 Q2 was strong. The impact of COVID-19 will appear from Q2 Sales: 129.1 billion yen UP 10.1% YoY OP: 12.4 billion yen UP 45.3% YoY WAU* of “ABEMA” has increased drastically, reflecting high Media demand from stay-at-home users.

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CyberAgent

2Q FY2021 Presentation Material

2Q FY2021 Presentation Material The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various 1. Quarterly Results (January - March 2021) 3. Internet Advertisement Business FY2021 Game and ads performed well.

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CyberAgent

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3Q FY2024 Presentation Material

3Q FY2024 Presentation Material The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various risks and uncertainties. 1. Financial Summary (April - June 2024) 3. Internet Advertisement Business 6. Medium to Long-Term Strategy FY2024 Three key businesses were strong.

CyberAgent

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2021

Koei Tecmo Holdings reported a robust third‑quarter performance for fiscal year 2020, with net sales rising 64.7 % to ¥42.6 billion from ¥26.7 billion in the same period of FY2019, and net income increasing 128.5 % to ¥15.3 billion. The entertainment segment drove growth, contributing 71.9 % of sales and delivering a 229.4 % increase in operating income, while amusement and real‑estate segments showed modest gains or declines. Forecasts for the full year projected sales of ¥56 billion and operating income of ¥22 billion, reflecting a 31.3 % and 56.0 % year‑on‑year increase, respectively. On the balance‑sheet side, total assets expanded from ¥147.8 billion to ¥186.5 billion, largely due to a jump in investment securities from ¥71.4 billion to ¥113.9 billion and a rise in property, plant, and equipment to ¥155.8 billion. Current assets grew modestly, while current liabilities increased slightly, driven by higher short‑term loans and accounts payable. Long‑term liabilities surged to ¥5.1 billion, largely from deferred tax obligations. Shareholders’ equity rose to ¥143.9 billion, supported by retained earnings of ¥103.2 billion and a reduction in treasury stock. The figures cover Japan‑based operations for the fiscal year ending March 31, 2020, with quarterly results compared to FY2019 and full‑year forecasts. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of the company’s operating performance and liquidity position.

Koei Tecmo

Financial Highlights: 2nd Quarter of the Fiscal Year Ending March 2021

Financial highlights for KOEI TECMO Holdings’ second quarter of fiscal 2020 reveal a robust expansion across its core entertainment segment, with net sales rising 39.7 % year‑over‑year to ¥42.6 billion and gross profit increasing 76 % to ¥22.6 billion. Operating income surged 145.6 % to ¥14.1 billion, driven largely by the entertainment division’s 176 % jump to ¥13.4 billion, while amusement and real‑estate segments posted modest gains of 88.8 % and 33.7 %, respectively. Net income nearly doubled, reaching ¥15.3 billion (99.7 % increase), and the company projected a full‑year net sales forecast of ¥51 billion, up 19.6 % from the prior year. Balance‑sheet activity shows total assets rising to ¥160.4 billion, primarily due to a significant increase in marketable securities (from ¥337 million to ¥7.1 billion) and investment securities (to ¥87.4 billion). Current assets grew modestly, while current liabilities fell from ¥24.1 billion to ¥21.5 billion, reflecting a reduction in short‑term borrowings and trade payables. Shareholders’ equity expanded to ¥133 billion, supported by retained earnings growth and a modest decline in treasury stock. The report covers Japan‑based operations for the fiscal year ending March 2020, with quarterly data for September 30, 2020. No survey methodology is disclosed; figures derive from consolidated financial statements prepared under Japanese GAAP. Overall, the company demonstrates strong profitability and liquidity, with strategic investment in securities bolstering its asset base.

Koei Tecmo

FY2024 Full Year Earnings Release Q&A

CyberAgent’s FY2024 full‑year earnings release outlines a strategic pivot toward global expansion and diversified revenue streams. The company’s medium‑to‑long‑term plan centers on translating successful domestic titles into international markets, with the English version of “Umamusume: Pretty Derby” and multilingual releases of “Jujutsu Kaisen Phantom Parade” already underway. Simultaneously, CyberAgent is leveraging its ABEMA and BABEL LABEL platforms to distribute original programming worldwide, aiming to generate new intellectual property that appeals to global audiences. In the media segment, advertising and WINTICKET operations are identified as key profit drivers. CyberAgent intends to broaden its IP portfolio through acquisitions and the development of peripheral businesses around ABEMA, thereby increasing revenue from game‑based IPs, distribution fees, merchandising, and event hosting. The company also anticipates additional upside from sports betting once legalized in Japan, citing a strong affinity between video streaming and wagering. Looking ahead to FY2025, the company projects continued sales growth across all segments. The media business is expected to contribute significantly to consolidated operating profit, while advertising sales are projected to outpace market growth with rising profitability. The game business will focus on continuous releases and extending the lifecycle of existing titles to maintain stability. Overall, CyberAgent’s FY2024 earnings release presents a forward‑looking strategy that blends international market penetration with expanded IP monetization, positioning the company for sustained growth in both domestic and global arenas.

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CyberAgent

Financial Highlights: FY2013

Financial highlights for the fiscal year ending March 2014 demonstrate a solid growth trajectory for Tecmo Koei Holdings. Net sales increased by 8.5 % to ¥37,576 million, driven primarily by a 7.3 % rise in Game Software sales and a notable 17.2 % jump in Online & Mobile revenue, while Media & Rights grew 19 %. Operating income expanded 15.0 % to ¥7,140 million; the Online & Mobile segment alone contributed a 95.3 % surge in operating profit, offsetting modest declines in Game Software and Amusement Facilities. Profitability metrics improved markedly: income before taxes rose 21.8 % to ¥10,691 million and net income climbed 22.6 % to ¥6,936 million. Gross profit margin widened from 40.2 % in FY2012 to 43.0 % in FY2013, reflecting efficient cost management across segments. Balance‑sheet strength is evident. Total assets grew 5.9 % to ¥100,622 million, largely due to a jump in investment securities and property & equipment. Current assets fell 19 % as cash and marketable securities were reduced, yet liquidity remained robust with current assets still exceeding current liabilities. Shareholders’ equity increased 5.4 % to ¥86,535 million, supported by retained earnings growth and a modest reduction in treasury stock. The data cover the Japanese market for FY2013, with segmental performance broken down by product lines. Figures are presented in millions of yen and reflect consolidated financial statements, providing a comprehensive view of the company’s operational and financial health during the period.

Koei Tecmo

Supplementary Information: FY Ended March 31, 2025

Meidensha Corporation’s supplementary financial information for the fiscal year ended March 31, 2025, details a period of significant growth in profitability and order intake. The company reported consolidated net sales of 301.1 billion yen, representing a 4.6% increase over the previous fiscal year. More notably, operating income surged by 169% to 21.5 billion yen, while net income attributable to owners of the parent rose by 165% to 18.5 billion yen. Total orders received reached 383.6 billion yen, a 16.5% increase, signaling strong demand across its core business segments. The company operates across several key segments, including Power Infrastructure, Public, Industrial & Commercial Sector, Mobility & Electrical Components, and Field Service Engineering. The Power Infrastructure and Public, Industrial & Commercial sectors were primary drivers of growth, with both segments seeing substantial increases in order volume. While the Mobility & Electrical Components segment experienced a decline in net sales, it achieved a notable turnaround in operating income, moving from 196 million yen in the previous year to 1.1 billion yen. The Field Service Engineering segment also demonstrated strong performance, contributing 9.9 billion yen in operating income. Looking ahead to the fiscal year ending March 2026, the company projects continued growth with forecasted net sales of 335 billion yen. Planned capital expenditures are expected to nearly double to 20 billion yen, alongside increased investments in research and development, which are projected to reach 13.5 billion yen. These figures reflect a strategic focus on scaling operations and enhancing technological capabilities following the successful integration of business segments after the previous year's merger with MEIDEN SHOJI Co., Ltd.

Meidensha Corporation

Financial Highlights: 1st Quarter, Fiscal Year Ending March 2021

Koei Tecmo Holdings reported a robust first‑quarter performance for the fiscal year ending March 2021, with net sales rising 57.2 % to ¥42.6 billion from ¥28.8 billion in the prior year’s quarter. Gross profit surged 121.2 % to ¥22.6 billion, while operating income expanded 358.6 % to ¥14.1 billion, reflecting strong profitability across its entertainment segment. Net income increased 199.8 % to ¥15.3 billion, driven largely by the entertainment division’s operating income jump of 484.7 % to ¥13.4 billion, despite a decline in the amusement segment’s contribution. Segment sales show entertainment as the dominant driver, generating ¥39.1 billion in the quarter (68.2 % of total sales), whereas amusement, real‑estate, and other segments contributed ¥2.9 billion, ¥0.7 billion, and ¥0.15 billion respectively. Operating income from real‑estate rose 34.7 % to ¥199 million, while amusement income fell 89.1 % to ¥519 million. Balance‑sheet highlights include a total asset base of ¥152.5 billion, up from ¥147.8 billion, largely due to increases in cash and marketable securities and investment securities. Current assets remained stable at ¥28.9 billion, while current liabilities decreased slightly to ¥23.0 billion. Shareholders’ equity stood at ¥127.5 billion, with retained earnings of ¥87.6 billion and a modest treasury stock balance. The financial snapshot covers Japan‑based operations for the first quarter of FY2021, presenting consolidated figures in millions of yen without detailed methodology disclosures.

Koei Tecmo

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2019

Financial highlights for KOEI TECMO Holdings’ third quarter of FY2018 show a robust 11.5 % increase in net sales to ¥38,926 million versus ¥26,806 million in the same period of FY2017. Gross profit rose 16.1 % to ¥19,360 million, while operating income surged 24.9 % to ¥11,711 million, reflecting strong performance across entertainment and pachislot & pachinko segments. Net income climbed 2.5 % to ¥13,017 million, though it fell short of the ¥12,500 million forecast by 4.0 %. Segment analysis reveals entertainment sales at ¥35,389 million (12.4 % YoY), pachislot & pachinko at ¥1,287 million (74.4 % YoY), and a modest decline in amusement facilities sales by 6.0 %. Operating income from entertainment reached ¥10,938 million (28.1 % YoY), while pachislot & pachinko contributed ¥474 million (92.5 % YoY). Real estate and other segments showed mixed results, with real estate operating income falling 20.3 % and other segment income declining 90.6 %. Balance‑sheet data as of December 31, 2018 indicate total assets of ¥116,220 million, down from ¥128,594 million at March 31, 2018, largely due to a reduction in current assets and investment securities. Current liabilities fell sharply from ¥11,027 million to ¥5,716 million, improving liquidity. Shareholders’ equity increased modestly from ¥113,178 million to ¥114,088 million. Net assets rose from ¥116,242 million to ¥109,561 million, reflecting changes in other comprehensive income and foreign‑currency adjustments. The company’s financial position remains solid, with a strong cash base of ¥5,120 million and a healthy equity cushion.

Koei Tecmo

Financial Highlights: FY2017

Financial highlights for the fiscal year ending March 2018 (FY2017) show a 5.1 % increase in net sales to ¥38,926 million, driven largely by a 7.2 % rise in the entertainment segment and a 73.7 % jump in other activities, while pachislot & pachinko sales fell 52.6 %. Operating income grew 33.4 % to ¥11,711 million, with entertainment contributing a 40 % rise and other activities doubling. Gross profit expanded 12.5 % to ¥19,360 million, and net income rose 12.0 % to ¥13,017 million, though the company forecast a slight decline of 4.0 % for FY2018. Total assets increased from ¥119,461 million to ¥129,367 million, largely due to higher investment securities (¥65,484 → ¥78,938 million) and fixed‑asset growth. Current assets fell 26 % as cash and deposits dropped from ¥11,868 million to ¥6,626 million. Liabilities rose modestly, with long‑term liabilities increasing from ¥1,484 million to ¥2,096 million. Shareholders’ equity grew from ¥105,639 million to ¥113,178 million, supported by retained earnings and capital surplus gains. The company’s geographic focus remains Japan‑centric, with revenue streams from entertainment venues, pachislot & pachinko operations, amusement facilities, real estate, and ancillary services. The financial data derive from consolidated statements covering the fiscal year ending March 2018, with comparative figures for FY2016 and FY2017. Methodological details are limited to standard accounting disclosures; no survey or external data sources are cited.

Koei Tecmo

Financial Highlights: Q1 FY2018

Financial highlights for the first quarter of fiscal year 2018 demonstrate robust growth across KOEI TECMO HOLDINGS’ core entertainment segment, with net sales rising 24.4% year‑over‑year to ¥38.9 billion, driven by a 27.9% increase in entertainment revenue to ¥35.4 billion. Operating income surged 133.0% to ¥11.7 billion, largely from a 162.2% jump in entertainment operating profit to ¥10.9 billion, while other segments such as pachislot & pachinko and amusement facilities showed mixed performance. Net income increased 7.2% to ¥13.0 billion, though the company reported a slight decline in income before taxes and minority interests by 8.5%. Segment analysis reveals that pachislot & pachinko sales fell 22.7% to ¥945 million, whereas amusement facilities grew 11.0% to ¥1.5 billion. Real estate revenue increased 6.9% to ¥784 million, and the “Other” segment contracted 29.5% to ¥584 million. Corporate eliminations contributed a negative ¥313 million in the quarter. Balance‑sheet data as of June 30, 2018 show total assets at ¥121.8 billion, down from ¥128.6 billion the previous year, primarily due to a reduction in current assets and investment securities. Current liabilities decreased to ¥7.9 billion from ¥11.0 billion, improving the current ratio. Shareholders’ equity stood at ¥109.5 billion, with retained earnings slightly lower than the prior year. Overall, the quarter reflects strong profitability in entertainment, modest declines in ancillary segments, and a solid liquidity position, positioning the company for continued growth into the remainder of FY2018.

Koei Tecmo