Annual Securities Report — FY2025

In the fiscal year ended 30 June 2026 (1 July 2025 to 30 June 2026), the internet-based reuse business posted higher revenue and profit, while the profitability of the mobile communications business deteriorated, resulting in higher revenue but lower profit on a consolidated basis, including a net loss attributable to owners of the parent. The internet-based reuse business also advanced initiatives including DX, AI utilization and stronger purchasing and sales operations. In the mobile communications business, the Group set out a policy to shift its earnings structure in response to factors including deteriorating advertising efficiency, with a focus on expanding recurring revenue through ARPU improvement.