6094.T

• AdTech Segment Regrowth Through Data Partnerships • Following confirmation that Third Party Cookie regulation will not be implemented in the near term, management has strengthened data partnerships with multiple data providers to rebuild targeting capabilities • The company maintains a diversified product portfolio including Open Web-focused DSP Red, High Impact formats, and DOOH, allowing it to meet varied client needs, and has built large, reliable advertising inventory volume through alternative targeting matching methods beyond Third Party Cookies • Leveraging long-standing expertise in data-driven industry problem solving (exemplified by ASE), the company's strengthened data initiatives are already delivering rapid results and will serve as a core growth pillar for coming periods

• TikTok Ecosystem and TikTok Shop Group Synergy Expansion • Management is prioritizing TikTok ecosystem business development, leveraging combined FreakOut and UUUM existing experience, relationships, and e-commerce P2C experience in the space • The company has launched a new ad product, alpaka, which combines user behavior-based niche visualization, hashtag targeting, and automated bid optimization, already delivering significant ad performance improvements for major Japanese clients • A dedicated organization under the direct oversight of the group CEO has been established to accelerate TikTok Shop growth; the company has secured all three required official TikTok partner licenses (TSP, TAP, CAP), making it one of the few authorized official partners in Japan • The company aims to become the No.1 player in the Japanese TikTok partner space, leveraging UUUM's long-standing MCN creator management experience and group influencer marketing expertise, and plans to pursue global cross-border expansion using its existing overseas footprints

• For the full 2025 September fiscal year, year-to-date progress is 69.6% for revenue and between 62.3% and 80.5% for EBITDA; results are slightly behind the Q2 guidance, but management still views full-year guidance achievement as fully achievable contingent on Q4 performance
• For the 2026 September fiscal year, management expects full-year results to be broadly flat compared to the 2025 September fiscal year. Japan is expected to face an approximate 0.8 billion yen annual gross profit reduction in the video and Connected TV segment, but this will be substantially offset by the recovery of North American business, and cost reduction savings (between 0.25 billion yen and 0.3 billion yen) from office consolidation and UUUM's delisting will start to materialize in the second half of the fiscal year
• For the medium term from 2027 September fiscal year to 2029 September fiscal year, the company's next medium-term management plan will prioritize strengthening high-growth, high-margin businesses including the influencer marketing segment and new partnership initiatives, with details to be shared with the market as soon as possible

1. North America Segment: Revenue of 3.94 billion yen, 13.6% decrease year-over-year; EBITDA of 0.14 billion yen, 51.1% increase year-over-year. Revenue contribution: 34.1% of total consolidated Q3 revenue. 2. Japan Segment: Revenue of 1.83 billion yen, 43.1% increase year-over-year; EBITDA of 0.36 billion yen, 76.6% increase year-over-year. Revenue contribution: 15.8% of total consolidated Q3 revenue. 3. Asia Segment: Revenue of 1.61 billion yen, 11.9% decrease year-over-year; EBITDA of 0.09 billion yen, 299.9% increase year-over-year. Revenue contribution: 14.0% of total consolidated Q3 revenue. 4. Influencer Marketing Segment: Revenue of 4.52 billion yen, 13.5% decrease year-over-year; EBITDA of 0.07 billion yen, 72.5% decrease year-over-year. Revenue contribution: 39.1% of total consolidated Q3 revenue. Total consolidated Q3 revenue: 11.55 billion yen; total consolidated Q3 EBITDA: 0.38 billion yen.

• A material expected gross profit reduction of approximately 0.8 billion yen per year is upcoming for the Japanese video and Connected TV segment starting next fiscal year, which creates a headwind for overall profitability that requires active offsetting initiatives
• The influencer marketing segment continues to face weakness in its core marketing service vertical, with Q3 EBITDA down 72.5% year-over-year, and profit recovery remains incomplete
• Rapid yen appreciation created a 0.15 billion yen foreign exchange loss in Q3, creating pressure on overall net income
• Open Web traffic in North America has been reported to be declining due to AI impacts, though management expects this impact to be limited for its core game client base
• The long-term revenue scale of TikTok Shop is still uncertain, with no clear three-year revenue target able to be provided at this stage

No formal question and answer section was included in the provided transcript.