Ray Corporation

Throughout the interim period, the Ray Group conducted its business primarily through two segments: Advertising Solutions and Technical Solutions. Revenue for the interim consolidated accounting period was ¥6,711.329 million, up 14.8% year on year; ordinary profit was ¥637.324 million; and interim net income attributable to owners of the parent was ¥436.303 million. By segment, the Advertising Solutions business generated revenue of ¥3,059 million, an increase of approximately 19% year on year, and operating profit of ¥82 million. The Technical Solutions business generated revenue of ¥3,651 million, up 10.1% year on year, and operating profit of ¥804 million. Total assets were ¥10,326.629 million, net assets were ¥7,985.316 million, the equity ratio was 77.3%, and the balance of cash and cash equivalents at the end of the interim period was ¥2,547.723 million. Total shareholders' equity at the end of the interim period was ¥7,969.511 million, while treasury stock was ¥520.407 million. No material contracts were entered into during the period.