First-Quarter Financial Results Presentation for the Fiscal Year Ending February 2027 | TECMIRA HOLDINGS INC. (3627) timely disclosure

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Mixed performance

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Scale

¥ million (year-on-year improvement in ordinary profit)

Wording

Conditional

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Contents of this document

Financial results presentationFirst quarter of the fiscal year ending February 20279 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥2,540 million-5.0%

Operating profit¥-68 million

Ordinary income¥-18 million

Net income¥-62 million profit attributable to owners of the parent

Results for the three months of the current quarterRevenue of ¥2,540 million, adjusted EBITDA of ¥87 million, an operating loss of ¥68 million, an ordinary loss of ¥18 million, and quarterly net loss attributable to owners of the parent of ¥62 million. All figures are for Q1 alone.

Full-year earnings forecast

Net Sales

¥11,000 million

Adjusted EBITDA

¥1,000 million

Ordinary income

¥300 million

Profit attributable to owners of parent

¥150 million

ROE

2.5 %

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Consolidated revenue

23 %

Adjusted EBITDA

9 %

AI adjusted segment profit

9 %

IoT underlying segment profit

166 %

Total consolidated segment profit

12 %

Corporate expenses and other items

24 %

AI revenue

22 %

AI segment profit

9 %

IoT revenue

30 %

LD revenue

14 %

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

IoT's underlying segment profit exceeds the full-year plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Increase in gross profit from higher SaaS revenue¥16 million
Increase in SG&A and other expenses¥-2 million
Increase in gross profit from lower costs and other factors¥42 million
SG&A efficiency improvements¥13 million
Lower earnings due to upfront promotional spending on the game and Kinory¥-27 million
Higher HealthTech losses¥-24 million
Greater efficiency in group operating expenses¥31 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

IoT business forward exchange rate

21.7 JPY/CNY

IoT business average exchange rate for the period

23.2 JPY/CNY

IoT BusinessThe full-year plan has been set conservatively, taking into account the parts procurement environment and foreign exchange fluctuations

New initiatives

Build up the new development center in Changsha, China
Expand sales of and enhance the functionality of AI chat, AI agents, and the cloud address book
New game Card-en-Ciel: Beginnings, launching in July
Explore business opportunities in payments through an investment in JPYC

Key KPIsA metric the company considers important as a management benchmark.

Adjusted EBITDA¥87 million
Year on year against the same period last year+45.0%
ROE-1 %
Year-on-year change0.4
Equity ratio59 %
AI & Cloud business EBITDA margin8 %
IoT & Devices business EBITDA margin14 %

Segment results

AI & Cloud Business

Net Sales

¥701 million+5.0%

Segment profit

¥34 million+73.0%

IoT & Devices Business

Net Sales

¥1,375 million-6.0%

Underlying segment profit

¥176 million+45.0%

Segment profit

¥123 million

Life Design business

Net Sales

¥515 million-13.0%

Segment profit

¥-115 million

Corporate expenses and other items

¥-113 million

Medium-term management plan targets

The medium-term management plan, targeting FY2028/2, is being rolled forward. It is scheduled to be announced after the release of the Q2 FY2027/2 financial results. Specific targets: Not disclosed.

Financial targets

ROE

Actual results-1 %

Results unit%

Full-year outlook2.5 %

Equity ratio

Actual results59 %

Number of employees

Number of Employees498 people

Record dateAs of the end of February 2026

Breakdown321 domestic, 177 overseas

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending February 2027
Net Sales	¥2,540 million (YoY -5.0%)
Operating profit	¥-68 million
Ordinary income	¥-18 million
Net income	¥-62 million (profit attributable to owners of the parent)
Results for the three months of the current quarter	Revenue of ¥2,540 million, adjusted EBITDA of ¥87 million, an operating loss of ¥68 million, an ordinary loss of ¥18 million, and quarterly net loss attributable to owners of the parent of ¥62 million. All figures are for Q1 alone.
Full-year earnings forecast	Net Sales ¥11,000 million / Adjusted EBITDA ¥1,000 million / Ordinary income ¥300 million / Profit attributable to owners of parent ¥150 million / ROE 2.5 %
Progress against full-year forecast	Consolidated revenue 23 % / Adjusted EBITDA 9 % / AI adjusted segment profit 9 % / IoT underlying segment profit 166 % / Total consolidated segment profit 12 % / Corporate expenses and other items 24 % / AI revenue 22 % / AI segment profit 9 % / IoT revenue 30 % / LD revenue 14 %
Self-assessment against the plan	IoT's underlying segment profit exceeds the full-year plan
Segment results	AI & Cloud Business Net Sales ¥701 million (YoY +5.0%) / Segment profit ¥34 million (YoY +73.0%) / IoT & Devices Business Net Sales ¥1,375 million (YoY -6.0%) / Underlying segment profit ¥176 million (YoY +45.0%) / Segment profit ¥123 million / Life Design business Net Sales ¥515 million (YoY -13.0%) / Segment profit ¥-115 million / Corporate expenses and other items ¥-113 million
Breakdown of Factors Affecting the Change	Factors Increase in gross profit from higher SaaS revenue / Amount ¥16 million, Factors Increase in SG&A and other expenses / Amount ¥-2 million, Factors Increase in gross profit from lower costs and other factors / Amount ¥42 million, Factors SG&A efficiency improvements / Amount ¥13 million, Factors Lower earnings due to upfront promotional spending on the game and Kinory / Amount ¥-27 million, Factors Higher HealthTech losses / Amount ¥-24 million, Factors Greater efficiency in group operating expenses / Amount ¥31 million
Key KPIs	Indicator name Adjusted EBITDA / Value ¥87 million / Year on year against the same period last year ¥45 million, Indicator name ROE / Value -1 % / Year-on-year change 0.4 %, Indicator name Equity ratio / Value 59 % / Year-on-year change Not disclosed, Indicator name AI & Cloud business EBITDA margin / Value 8 % / Year-on-year change Not disclosed, Indicator name IoT & Devices business EBITDA margin / Value 14 % / Year-on-year change Not disclosed
Number of employees	Number of Employees 498 people / Record date As of the end of February 2026 / Breakdown 321 domestic, 177 overseas
Assumptions Underlying the Business Outlook	IoT business forward exchange rate 21.7 JPY/CNY / IoT business average exchange rate for the period 23.2 JPY/CNY / IoT Business The full-year plan has been set conservatively, taking into account the parts procurement environment and foreign exchange fluctuations
Medium-term management plan targets	The medium-term management plan, targeting FY2028/2, is being rolled forward. It is scheduled to be announced after the release of the Q2 FY2027/2 financial results. Specific targets: Not disclosed.
Financial targets	ROE Actual results -1 % / Results unit % / Full-year outlook 2.5 % / Equity ratio Actual results 59 %
New initiatives	Build up the new development center in Changsha, China, Expand sales of and enhance the functionality of AI chat, AI agents, and the cloud address book, New game Card-en-Ciel: Beginnings, launching in July, Explore business opportunities in payments through an investment in JPYC

Items this document does not state (13)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the AI & Cloud business, higher SaaS revenue contributed to earnings growth. In the IoT & Devices business, higher gross profit from lower costs and lower SG&A expenses were contributing factors. In corporate expenses and other items, greater efficiency in group operating expenses improved earnings. In contrast, increased promotional spending on the new game and Kinory and higher HealthTech losses reduced earnings in the Life Design business.

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