WADAKOHSAN CORPORATION

和田興産 operates a real estate-focused business, with its main sources of revenue being condominium sales, detached-home sales, revenue from real estate sales-related businesses, and rental income from real estate. Revenue was ¥22,182.993 million in the interim period of the 60th fiscal year and ¥22,182.617 million in the interim period of the 61st fiscal year. Ordinary income was ¥2,305.159 million in the interim period of the 60th fiscal year and ¥1,425.020 million in the interim period of the 61st fiscal year. Interim net income was ¥1,647.565 million in the interim period of the 60th fiscal year and ¥962.679 million in the interim period of the 61st fiscal year. Capital stock was ¥1,403.091 million, the total number of shares issued was 11,100,000, and net assets were ¥34,113.032 million in the interim period of the 60th fiscal year and ¥35,293.133 million in the interim period of the 61st fiscal year. Total assets were ¥109,943.116 million in the interim period of the 60th fiscal year and ¥120,139.586 million in the interim period of the 61st fiscal year. Interim net income per share was ¥150.38 in the interim period of the 60th fiscal year and ¥87.85 in the interim period of the 61st fiscal year. Dividends per share were ¥35.00 for the full 60th fiscal year and ¥32.00 for the interim period of the 61st fiscal year. The equity ratio was 31.0% in the interim period of the 60th fiscal year, 29.4% in the interim period of the 61st fiscal year, and 30.7% in total. The balance of cash and cash equivalents at the end of the interim period was ¥14,551.753 million in the interim period of the 60th fiscal year, ¥12,419.911 million in the interim period of the 61st fiscal year, and ¥10,295.392 million in total. Cash flow from operating activities was negative ¥1,546.195 million in the interim period of the 60th fiscal year, negative ¥3,962.786 million in the interim period of the 61st fiscal year, and negative ¥9,016.382 million in total. Cash flow from investing activities was negative ¥1,267.545 million in the interim period of the 60th fiscal year, negative ¥216.651 million in the interim period of the 61st fiscal year, and negative ¥2,792.048 million in total. Cash flow from financing activities was ¥2,532.700 million in the interim period of the 60th fiscal year, ¥6,303.957 million in the interim period of the 61st fiscal year, and ¥7,271.029 million in total. The core business is condominium sales. The number of condominiums launched was 314, the number contracted was 268, the number delivered was 277, and the number contracted but not yet delivered was 724. Revenue from condominium sales in the interim period of the 60th fiscal year was ¥16,266.455 million, and segment profit was ¥1,482.393 million. Revenue from detached-home sales was ¥788.307 million, and segment profit was ¥80.000 million. Revenue from other real estate sales was ¥3,321.739 million, and segment profit was ¥551.359 million. Rental income from real estate was ¥1,679.407 million, and segment profit was ¥445.516 million. Other revenue was ¥126.708 million, and segment profit was ¥44.796 million. Assets at the end of the 60th fiscal year were ¥120,139.586 million, liabilities were ¥84,846.453 million, and net assets were ¥35,293.133 million in the interim period of the 60th fiscal year. Business conditions in the interim period of the 61st fiscal year were described as having undergone “no major changes.” Major agreements include multiple borrowing agreements with financial covenants, for which the commitment amounts and period-end balances are stated. Interim dividends were paid pursuant to resolutions of shareholders’ meetings dated 28 May 2025, 3 October 2025, 28 May 2026, and 2 October 2026. The total interim dividend and dividend per share for each period are as follows (see accompanying table).