Semiannual Report — FY2026 H1

During the current interim consolidated accounting period, the Japanese stock market remained on an upward trend against a backdrop of expectations for growth among AI- and semiconductor-related companies, despite being affected by external factors including the situation in the Middle East, crude oil prices, and monetary policy in Japan and the United States. Assets under management increased, resulting in higher operating revenue and profit. The document also describes resolutions on the acquisition and cancellation of treasury shares and the interim dividend for the current period, but states that there were no material changes in the nature of the business or in major affiliated companies.