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O c t o b e r 8th , 2 0 2 6 TSE Prime 4763 CREEK & RIVER Co., Ltd. Q2（Interim Period） FY02/27 Financial Results Briefing Materials
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© CREEK & RIVER Co., Ltd. All rights Reserved 2 Agenda 1. Financial Results Report for Q2 of the FY Ending Feb 2027 (37th Term) 2. Growth Strategy 3. Appendix
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© CREEK & RIVER Co., Ltd. All rights Reserved 3 Q2（Interim Period ） FY02/27 Financial Results
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© CREEK & RIVER Co., Ltd. All rights Reserved 4 YoY comparisonYoY comparisonYoY comparisonYoY comparison Financial Results for Q2 of FY Ending Feb 2027 Sales 32,058 Million Yen 114% 29,998 Million Yen 108 % Excluding Takahashi Operating Profit 2,760 Million Yen 133% 2,912 Million Yen 112% Ordinary Profit 2,760 Million Yen 134% 2,865 Million Yen 111% Interim Net Profit 2,107 Million Yen 96% 1,845 Million Yen 111% Excluding Takahashi Excluding Takahashi Excluding Takahashi Excluding Takahashi Excluding Takahashi Excluding Takahashi Excluding Takahashi ⚫ Achieved record -high results in sales, operating profit & ordinary profit exceeding the revised interim forecasts announced Jul 9th. ⚫ Interim net profit declined due to losses associated with a decrease in gains related to the Takahashi Shoten Group acquisition in the prior FY. However, lower tax expenses resulting from the seasonal nature of the Takahashi business enabled results to exceed the plan. ⚫ Existing businesses grew steadily, while the Takahashi Shoten Group also contributed to performance.
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© CREEK & RIVER Co., Ltd. All rights Reserved 5 338 364 183 67 2,081 -460 187 2,760 36期2Q 移転・増床 （一時費用・家賃増） ゲーム子会社の 収益貢献 医師紹介事業 好調 高橋書店 グループの貢献 本業の増益 先行投資事業の 収益改善 37期2Q 0 500 1,000 1,500 2,000 2,500 3,000 Financial Results Highlights: Operating Profit Fluctuations ⚫ Despite increased costs associated with the C&R Creative Studio s expansion , the company achieved a significant increase in profits driven by business growth & improved profitability in investment business. Unit: Millions of Yen *Items not included in the left 2,760 Q2 FY02/26 Relocation and office expansion (One-time costs & rent increase) Earnings contribution from game subsidiary Strong performance in physician placement business Contribution from Takahashi Shoten Group Profit growth in core business Earnings improvement in upfront investment businesses Q2 FY02/27 184 2,080
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© CREEK & RIVER Co., Ltd. All rights Reserved 6 Sales Operating profit 1Q（1-3） Sales Operating Profit 1,676 293 ⚫ The impact of the Takahashi Shoten Group —whose financial results have been consolidated since Q2 of the prior FY: ⚫ Sales composition: 80% planners, diaries , and calendars; 20% publishing. ⚫ Seasonal pattern: Losses in Q2 due to returns of planners, diaries , and calendars, followed by profits in Q3 and Q4 driven by shipments of these products. ⚫ Performance is solid this fiscal year. 7,800 800 ＜Plan＞ *Profit includes goodwill amortization and similar items. FY2026 Feb FY2027 Feb 2Q（4-6） 3Q（7-9） 4Q（10-12） Full FY （1-12） - - 361 ▲515 3,949 865 1,839 366 6,150 715 The accounting treatment for the business combination was finalized in Q1 of the FY ending Feb 2027, & the figures for the FY ended Feb 2026, reflect this. Unit: Millions of Yen Financial Results Highlights: Impact of Takahashi Shoten Group 385 ▲444 ＊Initial Plan
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© CREEK & RIVER Co., Ltd. All rights Reserved 7 Unit: Million Yen The accounting treatment for the business combination was finalized in Q1 of the FY ending Feb 2027, & the figures for the FY ended Feb 2026, reflect this. Results for Q2 of the FY Ending Feb 2027 (Income Statement) Q2（Interim Period ） FY02/27 Q2（Interim Period ） FY02/26 YoY Comparison Progress （Interim Period ） Progress （Full Year ） Sales 32,058 28,092 114% 102％ 49％ Gross profit 12,457 10,487 119% Gross profit margin 38.9% 37.3% +1.6pt SG&A expenses 9,697 8,407 115% SG&A rate 30.2% 29.9% +0.3pt Operating profit 2,760 2,080 133% 108％ 51％ Operating profit margin 8.6% 7.4% +1.2pt Ordinary profit 2,760 2,053 134% 110％ 52％ Ordinary profit margin 8.6% 7.3% +1.3pt Interim Profit attributable to owners of parent company 2,107 2,186 96% 131％ 61％ ＊Jul. 9 Revised Plan＊Jul. 9 Revised Plan
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© CREEK & RIVER Co., Ltd. All rights Reserved 8 Results for Q2 of the FY Ending Feb 2027 (Balance Sheet) Unit: Million Yen Reduction of trade receivable (seasonal pattern of Takahashi Shoten Group） Increase in building facilities, equipment, ＆ fixtures due to expansion Increase in investment securities Reduction of payables (seasonal pattern of Takahashi Shoten Group) ＊Equity ratio 40.9% → 44.3% The accounting treatment for the business combination was finalized in Q1 of the FY ending Feb 2027, & the figures for the FY ended Feb 2026, reflect this. Interim period FY02/27 End of FY02/26 Increase/Decrease Total Current Assets 30,580 35,342 ▲4,762 Cash & Deposits 17,927 17,696 +231 Total Noncurrent Assets 14,931 11,493 +3,438 Goodwill 3,193 2,517 +676 Total investments and other assets 10,071 7,356 +2,715 Total Current Liabilities 23,155 26,430 ▲3,275 Total Non -current Liabilities 1,854 979 +875 Borrowings (shortterm/long -term) 11,596 11,545 +51 Total Net Assets 20,500 19,425 +1,075 Treasury Stock ▲2,675 ▲2,675 - Total Liabilities and Net Assets 45,511 46,835 ▲1,324
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© CREEK & RIVER Co., Ltd. All rights Reserved 9 Revision of Earnings & Dividend Forecasts for FY Ending Feb 2027 (Dividend Increase) ⚫ In light of the steady progress of our business performance, we have revised our full -year forecast upward. (Further upward revision of the interim earnings forecast that was revised on July 9. The interim net profit reflects the nor mal effective tax rate, excluding the impact of special factors.) ⚫ Concurrently, we will increase the year -end dividend by 1 yen. FY Ending Feb 2027 Interim Change FY Ending Feb 2027 Full Year Plan Change FY Ending Feb 2026 Full Year Results YoY Comparison Actual Jul. 9 Revised Plan Revised Jul. 9 Revised Plan Sales 32,058 31,500 +558 66,500 66,000 +500 61,393 108％ Operating profit 2,760 2,550 +210 5,650 5,450 +200 4,938 114％ Operating profit margin 8.6% 8.1％ +0.5pt 8.5% 8.3% +0.2pt 8.0% Ordinary profit 2,760 2,500 +260 5,550 5,350 +200 4,826 115％ Interim Net Profit attributable to owners of parent company 2,107 1,600 +507 3,550 3,450 +100 4,105 86％ Dividend (yen) 0.0 0.0 - 52 51 +1 50 +2 The accounting treatment for the business combination was finalized in Q1 of the FY ending Feb 2027, & the figures for the FY ended Feb 2026, reflect this. Unit: Million Yen
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© CREEK & RIVER Co., Ltd. All rights Reserved 10 Growth Strategy ～ Building Sustainable Growth Through the Mountain Range Management Approach ～
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© CREEK & RIVER Co., Ltd. All rights Reserved 11 Regarding reportable segments and the eight categories Reported Segments Categories Creative Field （Japan ） Creative Field （Korea ） Medical Field Accounting & Legal Fields CRES Others Game & Rights Management 〇 〇 Broadcasting & Video 〇 〇 Promotion & Marketing 〇 Medical & Healthcare 〇 AI/DX ・IT 〇 〇 Professional Agency 〇 Quality of Life 〇 〇 Incubation & Development 〇 〇 1 2 3 4 5 6 7 8 ⚫ The correspondence between the reportable segments in our financial results summary and the "categories" in this presentation material is as follows.
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© CREEK & RIVER Co., Ltd. All rights Reserved 12 On Earnings Growth and Market Valuation 1,234 829 315 174 461 1,081 2,081 1,825 1,558 1,495 -100 400 900 1,400 1,900 2,400 -300 700 1,700 2,700 3,700 4,700 Operating profit & stock price since listing (annual avg; FY02/27 is the closing price on October 8) Operating Profit Annual Stock Price Oct 8, 2026 Closing price PER PBRPER and PBR Trends Operating profit (million yen) Stock Price(yen) 3.08 60.6 10.1 11.3 38.07 13.73 25.9 13.96 15.82 7.7 9.310.62 2.38 1.2 2.99 0.88 3.08 1.82 3.77 3.23 2.3 3.46 1.65 0 0.5 1 1.5 2 2.5 3 3.5 4 0 10 20 30 40 50 60 70 2001年 2月期 2002年 2月期 2003年 2月期 2004年 2月期 2005年 2月期 2006年 2月期 2007年 2月期 2008年 2月期 2009年 2月期 2010年 2月期 2011年 2月期 2012年 2月期 2013年 2月期 2014年 2月期 2015年 2月期 2016年 2月期 2017年 2月期 2018年 2月期 2019年 2月期 2020年 2月期 2021年 2月期 2022年 2月期 2023年 2月期 2024年 2月期 2025年 2月期 2026年 2月期 2027年 2月期 PER（倍） PBR（倍）
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© CREEK & RIVER Co., Ltd. All rights Reserved C&R Group Business Assets Growth Strategy (C&R Group Sales Assets) 34 companies 463,000 professionals 57,000 companies 463,000 57,000 4,605 people Professional Network Client Network Group companies Number of employees
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© CREEK & RIVER Co., Ltd. All rights Reserved 14 Each group company has a wide range of expertise, and through mutual collaboration, we will create value that contributes to clients and society by leveraging the strengths of each business. C&R Group’s Goal: “Mountain Range Management" Model Supporting growth on the same soil (group philosophy) Medical ＆ Healthcare Game ＆ Rights Management Professional Agency Incubation ＆ Development Promotion & Marketing AI/DX･IT Broadcasting & Video Quality of Life
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© CREEK & RIVER Co., Ltd. All rights Reserved 15 We create new value in a wide range of fields by utilizing the C&R Group's network and expertise. 8 Categories （consists of C&R’s 10 business divisions and 33 subsidiaries and affiliated companies ） Incubation & Development 8 Medical & Healthcare 4 Quality of Life 7 Promotion & Marketing 3 Professional Agency 6 Broadcasting & Video 2 AI/DX・IT 5 Game & Rights Management CREEK & RIVER Claytechworks forGIFT URS Games CREEK & RIVER SHANGHAI 1 CREEK & RIVER WING SION SION STAGE CREEK& RIVER ENTERTAINMENT CREEK & RIVER KOREA CREEK & RIVER Medical Principle Community Medical Innovation CREEK & RIVER Leading Edge Idrasys LivAi Linktech CREEK & RIVER C&R Legal Agency JUSNET Communications CREEK & RIVER INTER BELLE Chef’s value ALFA PMC VR Japan Kiduki Architect Connect Around One Leaf Clover C&R EVERLASTING STORY Takahashi Shoten Group CREEK & RIVER Global Nextrek Shiftall *As of August 2026
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© CREEK & RIVER Co., Ltd. All rights Reserved 16 Q2 (Interim Period) FY02/27 Results by Category 8 4 Quality of Life 7 3 6 2 AI/DX・IT 5 1 Sales Operating Profit Sales increased across all categories; 7 categories saw growth in both Sales & profit. Incubation & Development Medical & Healthcare Promotion & Marketing Professional Agency Broadcasting & Video Game & Rights Management Sales Operating Profit Sales Operating Profit Sales Operating Profit Sales Operating Profit Sales Operating Profit Sales Operating Profit Sales Operating Profit Multiple growth engines operating simultaneously UP UP UP UP UP UP UP UP UP UP DOWN UP UP UP UP UP
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© CREEK & RIVER Co., Ltd. All rights Reserved 17 Category Overview: Q2 (Interim Period) Results for the FY Ending Feb 2027 Sales Operating Profit Interim period FY02/27 Interim period FY02/26 YoY comparison Interim period FY02/27 Interim period FY02/26 YoY comparison Game & Rights Management 9,724 8,509 114.3% 818 764 107.1% Broadcasting & Video 7,430 6,843 108.6% 237 276 85.9% Promotion & Marketing 4,402 4,235 103.9% 407 369 110.2% Medical & Healthcare 3,983 3,585 111.1% 1,586 1,248 127.1% AI/DX ・IT 1,691 1,567 107.9% 77 1 +76 Professional Agency 1,256 1,193 105.3% 57 54 105.2% Quality of Life 1,382 1,325 104.3% 54 41 133.2% Incubation & Development 2,874 1,426 201.5% ▲236 ▲569 +333 Total 32,058 28,093 114.1% 2,760 2,080 132.7% 1 2 3 4 5 6 7 8 * Effective from FY2027, businesses previously included in “Professional Agency” have been reclassified into “Broadcasting & Video,” “Promotion & Marketing,” and “AI/DX & IT.” In addition, businesses previously included in “Broadcasting & Video” have been transferred to “Promotion & Marketing.” FY2026 results have been restated to reflect these reclassifications. Unit: Million Yen
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© CREEK & RIVER Co., Ltd. All rights Reserved 18 Value Creation through a Professional Ecosystem The C&R Group aims to build a Professional Ecosystem （Where Professionals Grow, Value Is Created, and Businesses Flourish.) A Network of 463,000 Professionals A Network of 57,000 Client Companies Business Development, Co- Creation, and Succession Creation of New Value (New Services, New Products, IP, and New Businesses) Accelerators of Value Creation (Executive Talent, Business Succession, AI, Advanced Technologies, Industry Expertise, and a Strong Financial Foundation)
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© CREEK & RIVER Co., Ltd. All rights Reserved 19 Topics CREEK & RIVER Co., Ltd. Receives Prestigious Award for Journalism Edited by Professional Video Editor Yu Bando ◆ 2026 Japan Commercial Broadcasters Association (JBA) Awards Excellence Award, Special Recognition Category: Broadcasting and the Public Interest ◆ 63rd Galaxy Awards Grand Prize, News Reporting Category The Galaxy Awards are considered the most prestigious awards in the Japanese broadcasting industry. News Report “In the Name of Reconstruction: The Voices of Affected Shop Owners and the Story of Kobe -Nagata's Post -Earthquake Redevelopment” ◆ 2026 Japan Commercial Broadcasters Association (JBA) Award – Program Category (TV Educational/Cultural): Award of Excellence Telementary 2026 “Reconstruction Beyond One’s Means: Voices of Disaster -Affected Business Owners in Kobe & Tohoku” Photo courtesy of ABC ABC Documentary Special “Invisible Scars: 20 Years After the JR Train Derailment Accident” ◆ 2025 Japan Commercial Broadcasters Association (JBA) Awards – Excellence Award ◆ World Media Festival – Gold Award ◆ 2026 US International Awards – Gold Award: Documentary: History & Society Category ＊Nana Yamato, a professional affiliated with C&R, also participated in the production as a director. ⚫Awards Photo courtesy of ABC Video Editor Yu Bando
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© CREEK & RIVER Co., Ltd. All rights Reserved 20 Topics “FUN EAT MAKERS in Okuma” Wins Silver Award at the Japan Spatial Design Awards 2026 Designed around the architectural concept of a “Connected Nokishita ,” featuring flexibility, transparency, and a welcoming environment for visitors, the facility brings together buildings with diverse functions, including production, processing, shipping, consumption, and lodging, under a single roof. This intentionally creates covered communal spaces between the buildings, fostering connections between local residents and visitors. ⚫“FUN EAT MAKERS in Okuma” (Okuma, Fukushima), a project planned, designed, and managed by the Architecture Group of CREEK & RIVER Co., Ltd., with creative direction, master planning, and architectural design by NOTE Inc., won the Silver Award in the Complex Commercial Facility Space Category at the Japan Spatial Design Awards 2026. Vegetable Factory & Cultivation Room Nokishita Park (Covered Community Space) Mr. Daisuke Aoki NOTE Inc.
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© CREEK & RIVER Co., Ltd. All rights Reserved 21 Topics Publishes DOCTOR'S MAGAZINE , a human -interest magazine for the medical industry. ⚫Network of 185,000 Doctors and Medical Students Medical Principle Co., Ltd., a Healthcare Subsidiary Shimon Sakaguchi, M.D. 2025 Nobel Prize in Physiology or Medicine Recipient Shinya Yamanaka, M.D. Tasuku Honjo, M.D. 2018 Nobel Prize in Physiology or Medicine Recipient 2012 Nobel Prize in Physiology or Medicine Recipient
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© CREEK & RIVER Co., Ltd. All rights Reserved 22 Topics Publishes Attorney's MAGAZINE , a human - interest magazine for the legal profession. ⚫A Network of 24,000 Attorneys & Patent Attorneys C&R Legal Agency Co., Ltd. (Legal Field) JUSNET Communications Co., Ltd. (Accounting Field) ⚫A Network of 78,000 Accounting & Tax Professionals Publishes Accountant's MAGAZINE , a human - interest magazine for accounting professionals
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© CREEK & RIVER Co., Ltd. All rights Reserved 23 Topics C&R EVERLASTING STORY ⚫ The 2nd "TOP MANAGEMENT CLUB", bringing together 20 business leaders. ⚫ *C.R.E.S. PARTNERS MAGAZINE*: A specialized publication connecting the "stories" of business leaders to the future. Special 1st Anniversary Issue Published in August Leveraging the C&R Group's business assets, we provide business succession support that preserves not only businesses but also their history and p hilosophy . As part of our startup support initiatives, we have invested in 13 venture companies and are currently preparing to launch a Management Development Academy.
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© CREEK & RIVER Co., Ltd. All rights Reserved 24 Topics Products created by the C&R Group ●Shiftall Products モデル : グレート - O - カーン ( 新日本プロレス ) ●Connect Around Water-cooled heat protection garment Wireless sound-isolating microphoneHigh-resolution VR headset Bento boxes made with homegrown vegetables Tomatoes grown using the "coral sand and gravel farming method" developed by Meiji University 医用画像プログラム TH-ZEY ●INTER BELLE 「Touch of Grace」 「ECLECT」 Launched Original Apparel Brands ●Takahashi Shoten "Takahashi Planners" —Long -time favorites Strong Sales of Planners and Calendars ●Thoracentes（our investee company） Medical Device "Medical Imaging Program TH-ZEY"
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© CREEK & RIVER Co., Ltd. All rights Reserved 25 Topics AI is not a replacement for people. It is a “thinking tool” that enhances human potential and accelerates creativity. Operational Improvement Internal AI Platform “Secure AI” Meeting Summaries, Email Editing, Proposal Writing, etc. Training & Knowledge Sharing Training Curriculum Development AI Workshops and Seminars Content Production Product Development AI Game Development AI-Driven Development Creative Content Production AI Video & Animation Generation AI Image Generation Prototype & Mockup Development New Business Development New Business Concept Development Idea Generation Creative Thinking Support Leveraging Multiple AI Tools in Parallel Research Market Analysis AI Initiatives at the C&R Group With AI as a powerful thinking tool, we expand human potential across operations, content creation, and business development, creating greater value for people and organizations.
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© CREEK & RIVER Co., Ltd. All rights Reserved 26 Roadmap to Business Expansion Sales 66.5 billion yen Current Expanding Professional FieldsExisting Business Accelerating growth by combining professional talent with management talent 100 billion yen Near future business succession, M&A, venture capital Sustainable Growth
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© CREEK & RIVER Co., Ltd. All rights Reserved 27 Performance Trends Unit: million yen SalesOperating Profit 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 -1,000 0 1,000 2,000 3,000 4,000 5,000 6,000 売上高 営業利益 FY02/27 Plan (Current Revision) Sales: 66.5 bil yen Operating profit: 5.65 bil yen FY02/27 FY02/27 Plan (Revised Jul 9) Sales: 66 bil yen Operating profit: 5.45 bil yen
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© CREEK & RIVER Co., Ltd. All rights Reserved 28 FY02/27 Dividend Forecast Revised to ¥52 per Share Shareholder returns 1 1 2 2 1 1 2 4 5 7 8 9 1112 15 16 20 27 41 41 50 52 -100 400 900 1,400 1,900 2,400 2,900 3,400 3,900 4,400 0 10 20 30 40 50 60 当期純利益 配当 Trends in dividends per share and net income ＊Dividend amount per share reflects stock splits Dividend (yen) Net Income (million yen) FY02/27 Dividend Policy Our basic policy is to maintain the consolidated dividend payout ratio at around 30%, taking into account both business performance and the payout ratio.
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© CREEK & RIVER Co., Ltd. All rights Reserved 29 Appendix
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© CREEK & RIVER Co., Ltd. All rights Reserved 30 Continued Growth in Sales and Profitability, with Further Expansion Expected Through AI - Driven Projects and Opportunities Spanning Domestic and International Markets Category Overview 1: Games & Rights Management CREEK & RIVER / Claytechworks ／ forGIFT ／ URS Games ／ CREEK & RIVER SHANGHAI （China） 8,509 9,724 Q2 FY02/26 Q2 FY02/27 764 818 Q2 FY02/26 Q2 FY02/27 +1,215 （+14.3%） （million yen） （million yen） Sales Operating Profit +54 （+7.1%） Comment ⚫ Approximately 2,000 game creators active across projects ⚫ Expanded studio operations through relocation and facility expansion (1,836 additional tsubo); URS Games moved into the studio on July 26 ⚫ Active utilization of AI for production efficiency and AI animation development ⚫ Launch of a Japan publishing business for overseas games ⚫ Released “PHANTOM TAG: MANIFEST” on August 20, developed by C&R Creative Studios and Claytech Works. （Steam®/Nintendo Switch 2）
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© CREEK & RIVER Co., Ltd. All rights Reserved 31 Solid Sales Growth, but Lower Profit Due to Challenges at the Korean Subsidiary Category Overview 2: Broadcasting & Video Comment ⚫ Approximately 2,100 creators currently active ⚫ Staffing services for TV stations performing steadily ⚫ Numerous programs handled by the Group are being broadcast CREEK & RIVER / WING / SION / SION STAGE / CREEK & RIVER ENTERTAINMENT （Korea) / CREEK & RIVER KOREA 6,843 7,430 Q2 FY02/26 Q2 FY02/27 276 237 Q2 FY02/26 Q2 FY02/27 +587 （+8.6%） Sales Operating Profit ▲39 （▲14.1%） ・Nippon TV: "DANCING SANMA PALACE" (with Shion) ・Nippon TV: "Guru Nai" (with Shion) ・Nippon TV: "THE Toppa File" (with: Shion) ・Nippon TV: "timelesz Familia" (with: Shion) ・Nippon TV: "School Kakumei!" (with Shion) ・Nippon TV: "THE FLOOR" (with: C&R) ・TBS: "Matsuko no Shiranai Sekai" (with: Shion) ・TBS: "THE Kamiwaza Challenge" (with: Shion) ・TBS: "Hamada Kayousai: Ookami Shounen" (with: Shion) ・TBS: "Sakagami & Sashihara no Tsuburenai Mise" (with: C&R) ・TBS “Okada Junichi ＆ Robert Akiyama's Imasara Shiro!” (with C&R) ・Fuji TV: "Tsukkomi Geinin No.1 Ketteisen: Tsukkomi Star" (with: Shion) ・ TV Asahi‘s “THE Hikyo Seikatsu” (with C&R) ・TV Asahi: "Cream Quiz Miracle 9" (with: Shion) ・TV Tokyo: "Soredame! ~Anata no Joushiki wa Hijoushiki!?~" (with: C&R) ・TV Tokyo: "Oha Suta" (with: Shion) ・Nagoya TV: "Okamura Men's Club" (with: Shion) ・MBS: "Jidori de Atsumare ~Ushiro no Are Nani?~" (with: Shion) ・Nippon TV & Hulu: "The Fashion Post" (with: Shion) ・Lemino "PRODUCE 101 JAPAN: New World" (with Shion) ・FANY:D Short Drama "Falling in Love with Your Body" (with Shion) （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 32 Met the promotional needs of companies and government agencies, resulting in increased sales and profit. Category Overview 3: Promotion & Marketing Comment ⚫ Approximately 760 creators active across projects ⚫ MCN Network expanded to 810 partner YouTube Channels ⚫ Photographer and Writer Network grew to 720 members (+120 YoY) ⚫ 37 Creator units serving major clients ⚫ “Relocal,” an AI-powered fan community platform launched with Quon Inc., reached 121,000 registered Users and 145,000 posts; adopted by 10 municipalities and 6 organizations CREEK & RIVER 4,235 4,402 Q2 FY02/26 Q2 FY02/27 369 407 Q2 FY02/26 Q2 FY02/27 +167 （+3.9%） Sales Operating profit +38 （+10.2%） （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 33 Strong Growth in Physician Placement Services Drove Double -Digit Revenue and Profit Growth; Full -Scale Expansion of Healthcare Facility Succession Service Category Overview 4: Medical & Healthcare Comment ⚫ Physician placement services achieved record-high performance ⚫ Revenue from permanent physician placement grew 23% YoY ⚫ “Resinavi Fair” maintains strong appeal among medical students and residents, attracting 8,000 participants in 2026 ⚫ Management support currently provided to three healthcare facilities ⚫ Supported five new healthcare facility openings through business succession and startup support services this fiscal year Medical Principle / Community Medical Innovation 3,585 3,983 Q2 FY02/26 Q2 FY02/27 1,248 1,586 Q2 FY02/26 Q2 FY02/27 +398 （+11.1%） Sales Operating Profit +338 （+27.1%） （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 34 Business Continued to Grow Steadily, Delivering Significant Profit Growth Driven by Strong Performance in the Computer Science Placement Business Category Overview 5: AI/DX & IT Comment ⚫ Approximately 270 DX engineers active across projects ⚫ Linktech Co., Ltd. joined the group ⚫ Expansion of the Generative AI Consulting Business ⚫ Steady growth in the partner network for “DX no Mori,” a vendor support platform ⚫ Strategic investment partner Intumit listed on the TPEx; Market capitalization reached NT$2.17 billion(approx ¥10.7 billion) as of October 2026 CREEK & RIVER / Leading Edge / Idrasys / LivAI / Linktech 1,567 1,691 Q2 FY02/26 Q2 FY02/27 +124 （+7.9%） Sales Operating Profit 1 77 Q2 FY02/26 Q2 FY02/27 +76 （about 136-fold） （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 35 Revenue and Profit Growth, While the Recruitment Business Continues to Recover Gradually Category Overview 6: Professional Agencies Comment ⚫ Sluggish performance in the legal recruitment sector (lawyers) has had an impact, while the accounting sector is showing signs of recovery. ⚫ Hosted the Accounting Firm Expo 2026 in September, featuring a record 49 exhibitors and 1,114 participants. ⚫ Launched “Chizai Benrishi Tenshoku.jp,” a specialized recruitment service for patent attorneys and intellectual property professionals. ⚫ The current network comprises 24,480 legal professionals, including lawyers (representing 38% of all lawyers in Japan), and 78,000 accounting and finance professionals. C&R Legal Agency (Legal Professionals) / JUSNET Communications (Accounting) 1,193 1,256 Q2 FY02/26 Q2 FY02/27 54 57 Q2 FY02/26 Q2 FY02/27 +63 （+5.3%） Sales Operating Profit +3 （+5.2%） （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 36 Improved Profitability in the Architecture Business Drove Revenue and Profit Growth, Although Rising Construction Costs Continue to Have an Impact Category Overview 7: Quality of Life Comment ⚫ Following the launch of the original fashion brand “ECLECT,” the Group expanded into the women’s golf apparel market with “Touch of Grace.” Sales of the 2026 Fall/Winter collection have been progressing steadily. ⚫ “Cassolo,” the Italian restaurant operated in the Group’s headquarters building, SHINTORA-DORI CORE, has achieved sustained profitability. In June, the Group acquired and began operating “PRIME CHEF,” a private chef service business. ⚫ In the architecture business, project delays continue due in part to rising construction costs. CREEK & RIVER / INTER BELLE (Fashion) / Chef’s value (Food) / ALFA PMC (Architecture) 1,325 1,382 Q2 FY02/26 Q2 FY02/27 41 54 Q2 FY02/26 Q2 FY02/27 +57 （+4.3%） Sales Operating Profit +13 （+33.2%） （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 37 Reported a Net Loss Due to Seasonal Factors at the Takahashi Shoten Group Category Overview 8: Incubation & Development Comment ⚫ The Takahashi Shoten Group contributed sales of ¥380 million and an operating loss of ¥440 million in the first half. Significant sales and profit growth is expected in the 2nd Half, driven by shipments of planners and calendars (full-year forecast: sales of ¥7.8 bil and operating profit of ¥800 mil). ⚫ Connect Around Co., Ltd., the Group's agriculture-sector subsidiary, operates a multi-purpose facility in Okuma, Fukushima. The operating loss totaled ¥79 million. ⚫ Six of the nine Group companies reported losses. Combined losses totaled ¥255 million, representing an improvement of ¥297 million from the previous fiscal year. VR Japan / Kiduki Architect / Connect Around / One Leaf Clover / Nextrek / C&R EVERLASTING STORY / Shiftall / Takahashi Shoten Group / CREEK & RIVER Global 1,426 2,874 Q2 FY02/26 Q2 FY02/27 ▲569 ▲236 Q2 FY02/26 Q2 FY02/27 +1,448 （+101.5%） Sales Operating Profit +333 （million yen） （million yen）
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© CREEK & RIVER Co., Ltd. All rights Reserved 38 We plan to increase revenue and profits in all categories, aiming to absorb investment costs such as studio relocation and group expansion. Full -year earnings forecast for FY02/27 by category Sales Operating profit FY02/27 Plan （Full year） FY02/26 Result （Full -year） YoY comparison FY02/27 Plan （Full year） FY02/26 Result （Full -year） YoY comparison Game & Rights Management 19,100 17,867 106.9% 1,725 1,590 108.4% Broadcasting & Video 14,500 14,086 102.9% 612 567 108.0% Promotion & Marketing 9,200 8,673 106.1% 915 832 110.0% Medical & Healthcare 6,470 5,787 111.8% 1,720 1,437 119.7% AI/DX ・IT 3,980 3,319 119.9% 190 98 193.7% Professional Agency 2,500 2,349 106.4% 150 99 150.1% Quality of Life 2,840 2,652 107.1% 125 71 174.5% Incubation & Development 9,945 7,999 124.3% 880 477 184.4% Total 66,500 61,393 108.3% 5,650 4,938 114.4% 1 2 3 4 5 6 7 8 Unit: Million Yen ＊From the FY ending Feb 2027, some of the businesses previously included in "Professional Agency" will be transferred to other categories. The figures for the FY ending Feb 2026 are adjusted figures.
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© CREEK & RIVER Co., Ltd. All rights Reserved 39 C&R Group Mission Mission Enhance the lifetime value of professionals Contribute to value creation for clients
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© CREEK & RIVER Co., Ltd. All rights Reserved 40 “Professional” as defined by the C&R Group C&R Group Business Model 1. Occupations that can have an impact all over the world 2. Occupations that cannot be substituted by machines 3. Occupations that accumulate intellectual properties Rights Management (Planning, Development and Distribution of Intellectual Property) Production (Development / Contracting) Agency (Dispatch / Employment Placement) Three Business Pillars
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© CREEK & RIVER Co., Ltd. All rights Reserved 41 C&R Group Business Model: Key Initiatives Collaboration event featuring popular games and anime: "Atfes ®" planning and operation Manga & novel production studio "Manga LABO" Planning & production of original comics We develop television programs and games, and various promotions. Professional -focused agency Rights Management (Planning, development, & distribution of intellectual property) Production (Development/Contracting) Agency (Temporary staffing/ recruitment) Our Products “The Encyclopedia of Unfortunate Creatures” diary・calender MeganeX 8K Mark II HaritoraX 2 Pro
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© CREEK & RIVER Co., Ltd. All rights Reserved 42 Segment Introduction Creative (Japan) TV, games, web, advertising publishing, authors, architect, in the field of data science: production, rights management & agency business 6 Connected Companies ・CREEK & RIVER ・SION ・Claytechworks ・SION STAGE ・WING ・URS Games Creative (Korea) (In Korea) TV, games, web, advertising, publishing, in the field of authors: production, rights management & agency business】 2 Connected Companies ・CREEK & RIVER ENTERTAINMENT ・CREEK & RIVER KOREA Medical Employment placement business for doctors, clinical training for medical students and interns. Support service business and information provision business for the medical industry management support for clinics life science field 2 Connected Companies ・Medical Principle ・Community Medical Innovation Accounting & Legal CPAs, tax accountants, finance & accounting staff Lawyers, judicial scriveners, patent attorneys, legal staff, etc. [Agency, production business] 2 Connected Companies ・JUSNET Communications ・C&R Legal Agency Others IT, fashion, food and agriculture sector [Agency, production business] Business development utilizing cutting-edge technologies such as AI, XR, NFT, rights management, and production know-how 18 Connected Companies ・Leading Edge ・CREEK & RIVER SHANGHAI ・INTER BELLE ・VR Japan ・ CREEK & RIVER Global ・Kiduki Architect ・forGIFT ・Idrasys ・Connect Around ・One Leaf Clover ・Chef’s value ・Nextrek ・ALFA PMC ・Shiftall ・LivAI ・Linktech ※jeki Data Driven Lab （Equity affiliate） Agent Growth （Equity affiliate） *Underlined are companies established or grouped in and after the fiscal year ending February 2027. CRES Executives, ex-executives of listed companies, CEOs, COOs, CFOs, etc. [Agency business] 4 Connected Companies ・C&R EVERLASTING STORY ・Takahashi Shoten Group (3 companies)
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© CREEK & RIVER Co., Ltd. All rights Reserved 43 Results for Q2 (Interim Period) FY02/27 by segment Sales Operating Profit 2Q FY02/27 2Q FY02/26 Rate of Change Compared to plan (Revised Oct. 8) 2Q FY02/27 2Q FY02/26 Rate of Change Compared to plan (Revised Oct. 8) Ceative （Japan ） ＊6 Companies 21,048 19,172 110% 49% 1,337 1,335 100% 44% Creative (Korea) ＊2 Companies 1,612 1,402 115% 52% ▲24 ▲16 ▲8 - Medical ＊2 Companies 3,983 3,585 111% 62% 1,585 1,247 127% 92% Acounting & Legal ＊2 Companies 1,255 1,192 105% 50% 57 54 105% 38% CRES ＊4 Companies 2,181 410 531% 27% ▲150 ▲525 +375 - Other ＊18 Companies 2,233 2,576 87% 44% ▲38 ▲2 ▲36 - Total 32,058 28,092 114% 48% 2,760 2,080 133% 49% Unit: million yen ※Eliminations have been omitted
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© CREEK & RIVER Co., Ltd. All rights Reserved 44 Consolidated Sales Trends by Segment (Quarterly) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 2027年2月期 その他 CRES分野 会計・法曹分野 医療分野 クリエイティブ分野（韓国） クリエイティブ分野（日本） Unit: million yen FY02/22 FY02/23 FY02/24 FY02/25 FY02/26 FY02/27
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© CREEK & RIVER Co., Ltd. All rights Reserved 45 Consolidated Operating Profit Trends by Segment (Quarterly) (200) 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 2027年2月期 その他 CRES 会計・法曹分野 医療分野 クリエイティブ分野（韓国） クリエイティブ分野（日本） FY02/22 FY02/23 FY02/24 FY02/25 FY02/26 FY02/27 Unit: million yen
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© CREEK & RIVER Co., Ltd. All rights Reserved 46 ◎：Conducted as a main business 〇：New business ×：Legally prevented from this business Business Mapping Business fields TV Movies G a m e s Web Ad & Publishing Archite cture AI/DX Medical Life Science Account ing Legal CXO Fashion Food Agri culture IT Rights management ◎ ◎ ◎ 〇 〇 〇 〇 〇 〇 Production （Contract） ◎ ◎ ◎ ◎ ◎ 〇 〇 〇 ◎ × 〇 〇 〇 ◎ Agency （Dispatch） ◎ ◎ ◎ ◎ ◎ 〇 × ◎ ◎ × 〇 ◎ 〇 ◎ Agency （Employment placement） ◎ ◎ ◎ ◎ ◎ ◎ ◎ 〇 ◎ ◎ 〇 ◎ ◎ 〇 Creative （Japan） Medical Accounting and Legal OthersCRESSegment
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© CREEK & RIVER Co., Ltd. All rights Reserved 47 Q2 ( Interim Period) FY02/27 Percentage of Business 48.4％ 27.7% 12.0％ 12.0％ 38.2％ 15.2％ 30.4％ 16.２％ Sales Production （Development/ Contracting） Agency （Dispatch） Rights Management Gross profit Production （Development/ Contracting） Agency （Dispatch） Rights Management Agency （Employment placement） Agency （Employment placement）
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© CREEK & RIVER Co., Ltd. All rights Reserved 48 Q2 (Interim Period) FY02/27 Breakdown of Consolidated Sales and Operating profit TV/Movies 19.5% Games 26.9% Web 16.5% Medical 12.3% Accounting 3.3% e-Books 2.2% Korea 5.0% Other 14.3% TV/ Movies 12.2% Games 24.8 % Web 13.9% Medical 57.2% Accounting 0.5% e-Books 5.4% Legal 1.5% Other -15.6% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Sales Operating Profit
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© CREEK & RIVER Co., Ltd. All rights Reserved 49 Creative （Japan） Percentage of Field Q2 (Interim Period) FY02/27 29.9% 41.3％ 25.4％ 3.4% 2.0% Sales TV & Movies Games Web e-Book, etc. New agencies Others -2.0% 25.2% 51.3%28.8% 11.2% 1.6% -18.1% TV & Movies Operating Profit Web e-Book, etc. New agencies Others Games
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© CREEK & RIVER Co., Ltd. All rights Reserved 50 Domestic and Overseas [sales] Trends 87 95 98 99 91 91 92 92 93 9413 5 2 1 9 9 8 8 7 6 2017年2月期 2018年2月期 2019年2月期 2020年2月期 2021年2月期 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 国内 海外■Domestic ■Overseas Unit：％ FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26
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© CREEK & RIVER Co., Ltd. All rights Reserved 51 Domestic and Overseas [Operating Profit] Trends 97 97 96 98 97 97 97 98 98 983 3 4 2 3 3 3 2 2 2 2017年2月期 2018年2月期 2019年2月期 2020年2月期 2021年2月期 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 国内 海外■Domestic ■Overseas Unit：％ FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26
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© CREEK & RIVER Co., Ltd. All rights Reserved 52 Changes in the Number of Professionals 221,400 235,950 258,400 292,750 320,400 345,000 368,000 394,000 415,000 463,000 2017年2月期 2018年2月期 2019年2月期 2020年2月期 2021年2月期 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 Unit：People FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26
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© CREEK & RIVER Co., Ltd. All rights Reserved 53 Changes in the Number of Clients 20,300 22,200 26,290 38,250 41,520 45,000 48,000 50,000 52,000 57,000 2017年2月期 2018年2月期 2019年2月期 2020年2月期 2021年2月期 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 Unit：Companies FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26
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© CREEK & RIVER Co., Ltd. All rights Reserved 54 1,869 2,148 2,559 2,671 2,892 3,056 3,659 3,996 4,162 4,605 2017年2月期 2018年2月期 2019年2月期 2020年2月期 2021年2月期 2022年2月期 2023年2月期 2024年2月期 2025年2月期 2026年2月期 Changes in the Number of Employees FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26 Unit: People ※Numbers as of the end of the period
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© CREEK & RIVER Co., Ltd. All rights Reserved 55 37 34 43 46 40 37 45 52 48 54 94 141 133 132 73 123 299 309 277 312 0 50 100 150 200 250 300 350 400 04/2017 04/2018 04/2019 04/2020 04/2021 04/2022 04/2023 04/2024 04/2025 04/2026 Professional Employees General Employee New Graduate Recruitment Trends Unit：People
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© CREEK & RIVER Co., Ltd. All rights Reserved 56 The Number of New Graduate Employees 2023 2024 2025 2026 Creative（Japan） 277（247） 316（279） 276（253） 313（283） Medical 9（-） 10（-） 11（-） 11（-） Accounting and Legal 6（-） 5（-） 3（-） 4（-） Others 52（52） 30（30） 35（24） 38（29） Total 344（299） 361（309） 325（277） 366（312） The number of new employees joining the company in April 2026 was 366 (general employees: 54 / professional employees: 312) () is the number of professional employees （Unit: People）
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© CREEK & RIVER Co., Ltd. All rights Reserved 57 371 415 432 434 429 436 424 430 419 424 962 1071 1256 1344 1356 1613 1764 1920 1993 2153 0 500 1,000 1,500 2,000 2,500 3,000 FY02/17 FY02/18 FY02/19 FY02/20 FY02/21 FY02/22 FY02/23 FY02/24 FY02/25 FY02/26 General Professional Changes in the Number of General and Professional Employees Unit: People
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© CREEK & RIVER Co., Ltd. All rights Reserved 58 C&R Group Sustainability Initiatives Sustainability C&R Group’ s basic philosophy is “People‘s abilities have unlimited potential. We will maximize their abilities and contribute to the happiness of people and society.” In order to realize our Group’ s mission of “Providing value to all stakeholders,” we aim to achieve both the sustainable development of society as a whole and the sustainable growth of our group by working together to resolve various social issues and preserve the global environment through business activities centered on our professionals. Through its business, the C&R Group is tackling the social issues facing the world in order to contribute to the achievement of the United Nations Sustainable Development Goals SDGs. Basic Sustainability Policy
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© CREEK & RIVER Co., Ltd. All rights Reserved 59 C&R Group Materiality ～Creating a prosperous society by creating businesses together with professionals ～ Sustainability Materiality Important policy 1 Create opportunities and an environment in which a variety of professionals can play an active role ・Progress of the 50 professional fields initiative ・Educational provision that responds to changes in society ・Initiatives to address employment issues and income disparity 2 Create new businesses through professional networks ・Creation of new value by leveraging the capabilities of professionals ・Global expansion ・Regional revitalization 3 Environmental initiatives that leverage the wisdom of professionals ・Realization of a decarbonized society ・Realization of a recycling-oriented society ・Realization of a society in harmony with nature 4 Develop a diverse workforce and work environment ・Creation of management personnel ・Diversity and inclusion initiatives ・Education for professionals to demonstrate their abilities 5 Establish a responsible company and management foundation ・Strengthening corporate governance ・Compliance with laws and regulations/social norms ・Information security/privacy protection
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The performance forecasts, plans, strategies, etc. described in this document are based on our judgment based on currently available information and do not guarantee future performance. Please note that actual performance may differ significantly from the contents of this document due to changes in economic conditions, market trends, etc. Disclaimer