Interim report
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. October 5, 2026 Non-consolidated Financial Results for the Third Quarter of the Fiscal Year Ending November 30, 2026 (Under Japanese GAAP) Company name: Japaniace Co., Ltd. Listing: Tokyo Stock Exchange (Growth Market) Securities code: 9558 URL: https://jna.co.jp Representative: Saburo Nishikawa, Representative Director, Chairman and President Inquiries: Masahiro Kanda, Executive Officer, Responsible for IR Telephone: +81-45-670-7240 Scheduled date to commence dividend payments: - Supplementary material on financial results: Yes Financial results briefing: None (Amounts are rounded down to the nearest million yen.) 1. Non-consolidated Financial Results for the Third Quarter of the Fiscal Year Ending November 30, 2026 (December 1, 2025 to August 31, 2026) (1) Operating Results (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Net profit Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % August 31, 2026 9,977 12.2 511 (19.4) 601 (15.9) 395 (15.9) August 31, 2025 8,894 7.2 633 15.8 715 17.7 469 18.3 Basic earnings per share Diluted earnings per share Nine months ended Yen Yen August 31, 2026 99.75 98.91 August 31, 2025 118.48 117.42 (2) Financial Position Total assets Net assets Shareholders’ equity ratio As of Millions of yen Millions of yen % August 31, 2026 5,755 3,324 57.8 November 30, 2025 5,786 3,379 58.4 (Reference) Shareholders’ equity As of August 31, 2026: ¥3,324 million As of November 30, 2025: ¥3,379 million
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2. Dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended November 30, 2025 – 49.00 – 50.00 99.00 Fiscal year ending November 30, 2026 – 50.00 – Fiscal year ending November 30, 2026 (Forecast) 51.00 101.00 Note: Revisions to the forecast of dividends most recently announced: None 3. Forecast of Non-consolidated Earnings for the Fiscal Year Ending November 30, 2026 (December 1, 2025 to November 30, 2026) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Net profit Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full fiscal year 13,150 8.8 1,035 5.3 1,120 3.9 785 2.6 198.05 Note: Revisions to the forecast of non-consolidated earnings most recently announced: None
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* Notes (1) Adoption of accounting treatment specific to the preparation of non-consolidated financial statements: None (2) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (3) Number of issued shares (common stock) (i) Total number of issued shares at the end of the period (including treasury shares) As of August 31, 2026 4,014,200 shares As of November 30, 2025 4,012,600 shares (ii) Number of treasury shares at the end of the period As of August 31, 2026 77,701 shares As of November 30, 2025 49,001 shares (iii) Average number of shares outstanding during the period Nine months ended August 31, 2026 3,959,940 shares Nine months ended August 31, 2025 3,962,340 shares * Review of the Japanese-language originals of the attached non-consolidated financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters The earnings forecasts presented in this document are based upon currently available information and assumptions deemed rational. A variety of factors could cause actual results to differ materially from forecasts.
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1 Contents 1. Overview of Financial Performance ························································································ 2 (1) Overview of Operating Results ·························································································2 (2) Overview of Financial Position ························································································ 2 (3) Forecasts for the Fiscal Year Ending November 30, 2026 ························································· 2 2. Quarterly Non-consolidated Financial Statements and Notes · ······················································ 3 (1) Quarterly Non-consolidated Balance Sheets ····································································· 3 (2) Quarterly Non-consolidated Statements of Income ····························································· 4 Nine Months Ended August 31, 2025 and 2026···································································· 4 (3) Notes to Quarterly Non-consolidated Financial Statements ··················································· 5 (Segment Information) ·································································································· 5 (Significant Changes in Shareholders’ Equity) ······································································ 5 (Going Concern Assumption) ·························································································· 5 (Quarterly Non-consolidated Statements of Cash Flows) ·························································· 5
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2 1. Overview of Financial Performance (1) Overview of Operating Results During the nine months of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment and income conditions. However, the outlook remained uncertain due to heightened tensions in the Middle East, the continued depreciation of the yen, and rising interest rates. In the IT industry, demand for IT investment remained solid, driven by cor porate digital transformation (DX) initiatives, the expanded use of cloud services, and growing investment in AI -related technologies including generative AI. Demand for digitalization among government agencies and local governments also remained solid, sustaining high levels of demand for system development, infrastructure construction, and operational support services. Meanwhile, continued attention is required regarding rising personnel costs amid a shortage of IT professionals and developments in AI-related regulations. Under these circumstances, the Company expanded its engineering workforce through mid -career recruitment, new graduate hiring, and the utilization of external resources. The Company also acquired high -value-added projects, continued to improve unit prices for engineers, and strengthened its business foundation through M&A activities. At the same time, the Company enhanced its service offerings to address customers' DX needs. As a result, the Company recorded net sales of ¥ 9,977,818 thousand (up 12.2% year-on-year), operating profit of ¥511,109 thousand ( down 19.4% year-on-year), ordinary profit of ¥ 601,297 thousand ( down 15.9% year -on-year) and net profit of ¥395,003 thousand (down 15.9% year-on-year). The Company does not provide segment information since it operates in a single reportable segment “Advanced Engineering.” (2) Overview of Financial Position (Assets) Total assets at the end of the third quarter of the current fiscal year amounted to ¥5,755,182 thousand, down ¥31,175 thousand from the end of the previous fiscal year. The main factors were a ¥918,079 thousand decrease in cash and deposits and a ¥ 154,164 thousand increase in other in current assets, and a ¥391,630 thousand increase in intangible assets and a ¥317,723 thousand increase in investments and other assets in non-current assets. (Liabilities) Total liabilities at the end of the third quarter of the current fiscal year amounted to ¥2,431,171 thousand, up ¥24,343 thousand from the end of the previous fiscal year. The main factors were a ¥150,000 thousand decrease in short -term borrowings, a ¥415,480 thousand increase in provision for bonuses, and a ¥ 194,615 thousand decrease in other in current liabilities. (Net assets) Total net assets at the end of the third quarter of the current fiscal year amounted to ¥3,324,010 thousand, down ¥55,518 thousand from the end of the previous fiscal year. The main factors were net profit of ¥395,003 thousand and dividends payment of ¥396,429 thousand, and purchase of treasury stock of ¥54,911 thousand. As a result, the Company recorded a shareholders' equity ratio of 57.8% (58.4% at the end of the previous fiscal year). (3) Forecasts for the Fiscal Year Ending November 30, 2026 There are currently no changes to the earnings forecast announced on January 1 3, 202 6. The forecasts are based on information available as of the date of publication of this document, and actual results may differ from the forecasts due to various factors.
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3 2. Quarterly Non-consolidated Financial Statements and Notes (1) Quarterly Non-consolidated Balance Sheets (Thousands of yen) As of November 30, 2025 As of August 31, 2026 Assets Current assets Cash and deposits 3,691,706 2,773,626 Accounts receivable and contract assets 1,622,824 1,640,179 Other 42,925 197,090 Total current assets 5,357,456 4,610,896 Non-current assets Property, plant and equipment 66,716 72,747 Intangible assets 11,023 402,653 Investments and other assets 351,160 668,884 Total non-current assets 428,901 1,144,285 Total assets 5,786,357 5,755,182 Liabilities Current liabilities Accounts payable 59,591 84,190 Short-term borrowings 300,000 150,000 Accrued expenses 928,341 896,490 Income taxes payable 177,946 160,077 Provision for bonuses 215,616 631,097 Provision for loss on orders received 21,400 － Other 491,812 297,196 Total current liabilities 2,194,708 2,219,052 Non-current liabilities Long-term accounts payable - other 212,119 212,119 Total non-current liabilities 212,119 212,119 Total liabilities 2,406,828 2,431,171 Net assets Shareholders’ equity Common stock 23,225 23,635 Capital surplus 88,453 88,863 Retained earnings 3,369,844 3,368,418 Treasury stock (101,993) (156,905) Total shareholders’ equity 3,379,529 3,324,010 Total net assets 3,379,529 3,324,010 Total liabilities and net assets 5,786,357 5,755,182
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4 (2) Quarterly Non-consolidated Statements of Income Nine Months Ended August 31, 2025 and 2026 (Thousands of yen) Nine months ended August 31, 2025 Nine months ended August 31, 2026 Net sales 8,894,431 9,977,818 Cost of sales 6,656,711 7,846,062 Gross profit 2,237,719 2,131,755 Selling, general and administrative expenses 1,603,814 1,620,646 Operating profit 633,905 511,109 Non-operating income Interest income 4,368 7,889 Commission income 32,967 41,364 Subsidy income 37,339 42,562 Other 8,512 2,503 Total non-operating income 83,188 94,320 Non-operating expenses Interest expenses 1,524 1,769 Loss on retirement of non-current assets 349 2,082 Commission for purchase of treasury stock － 280 Total non-operating expenses 1,873 4,132 Ordinary profit 715,219 601,297 Profit before income taxes 715,219 601,297 Income taxes - current 383,628 327,730 Income taxes - deferred (137,859) (121,437) Total income taxes 245,768 206,293 Net profit 469,451 395,003
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5 (3) Notes to Quarterly Non-consolidated Financial Statements (Segment Information) The Company does not provide segment information since it operates in a single reportable segment “Advanced Engineering.” (Significant Changes in Shareholders’ Equity) Nine months ended August 31, 2025 1. Dividends paid Resolution Class of shares Total dividends (thousands of yen) Dividends per share (yen) Record date Effective date Source of dividends General Meeting of Shareholders February 21, 2025 Common stock 190,089 48.00 November 30, 2024 February 25, 2025 Retained earnings Board of Directors meeting July 7, 2025 Common stock 194,206 49.00 May 31, 2025 August 4, 2025 Retained earnings 2. Dividends for which the record date is during the third quarter and the effective date is after the end of the third quarter Not applicable Nine months ended August 31, 2026 1. Dividends paid Resolution Class of shares Total dividends (thousands of yen) Dividends per share (yen) Record date Effective date Source of dividends General Meeting of Shareholders February 24, 2026 Common stock 198,179 50.00 November 30, 2025 February 25, 2026 Retained earnings Board of Directors meeting July 6, 2026 Common stock 198,249 50.00 May 31, 2026 August 3, 2026 Retained earnings 2. Dividends for which the record date is during the third quarter and the effective date is after the end of the third quarter Not applicable. 3. Significant changes in shareholders’ equity The Company acquired 28,700 shares of treasury stock based on the resolution of the Board of Directors meeting held on July 6, 2026. As a result, treasury stock increased by ¥54,911 thousand during the nine months of the current fiscal year and amounted to ¥156,905 thousand at the end of the period. (Going Concern Assumption) Not applicable. (Quarterly Non-consolidated Statements of Cash Flows) Quarterly n on-consolidated statements of cash flows have not been prepared for the third quarter . Depreciation (including amortization of intangible assets other than goodwill ) and amortization of goodwill for the nine months ended August 31 are as follows: Nine months ended August 31, 2025 Nine months ended August 31, 2026 Depreciation ¥10,232 thousand ¥12,342 thousand Amortization of goodwill － ¥13,171