zig-zag,Inc.(340A) Financial Results

Current Period Guidance

Annual

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2022 ＊	559	ー	-82	-86	-14.9	0	ー	J-GAAP
May, 2023 ＊	802	36	31	47	8.1	0	ー	J-GAAP
May, 2024 ＊	1,106	221	177	163	27.8	0	ー	J-GAAP
May, 2025	1,412	322	310	245	40.4	0	Jul 14, 2025	J-GAAP
May, 2026 Guidance	1,639	328	328	240	31.0	0	Jul 14, 2025	J-GAAP
YoY	+16.1%	+1.9%	+5.8%	-2.0%	-23.3%

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
May, 2025	Mar 31, 2025	1,427	285	284	206	0*	J-GAAP
Results	Jul 14, 2025	1,412	322	310	245	0*	J-GAAP
May, 2026	Jul 14, 2025	1,639	328	328	240	0*	J-GAAP

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
May, 2020	136	－	Available in future release
May, 2021	413	+203.7
May, 2022	559	+35.4
May, 2023	802	+43.5
May, 2024	1,106	+37.9
May, 2025	1,412	+27.7
May, 2026 Guidance	1,639	+16.1	328	+1.9	328	+5.8	31.0	-23.3

Profitability

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
May, 2024 ＊	1,106	221	20.0	96.17	16.68	1.13	27.8
May, 2025	1,412	322	22.8	35.90	14.57	0.84	40.4
May, 2026 Guidance	1,639	328	20.0	19.67	10.34	0.71	31.0

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	1,412	322	310	245	40.4
Fiscal Year	May, 2025	May, 2025	May, 2025	May, 2025	May, 2025

Second Half

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2024	719	148	146	139	22.9	0	Jul 14, 2025	J-GAAP
Dec - May, 2025 Guidance	956	211	204	155	20.0	0	Jan 13, 2026	J-GAAP
YoY	+33.0%	+42.6%	+39.7%	+11.5%	-12.7%

Cash Flow

Annual

Fiscal Year	Operating Profit	Fee Cash Flow	Operating Cash Flow	Investing Cash Flow	Financial Cash Flow	Cash & Equivalents	Cash Ratio	Accounting Standards
May, 2023	36	-21	-21	0	-19	249	34.73	J-GAAP
May, 2024	221	455	456	-1	-19	685	55.38	J-GAAP
May, 2025	322	187	188	-1	591	1,463	68.78	J-GAAP

Actual Performance and Financial Trends

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Nov, 2023	ー	ー	ー	ー	－	ー	ー	J-GAAP
Jun - Nov, 2024	693	174	164	106	18.2	ー	ー	J-GAAP
Jun - Nov, 2025	683	117	124	85	11.8	37.8	Jan 13, 2026	J-GAAP
YoY	-1.4%	-32.8%	-24.4%	-19.8%	-35.3%

Quarterly Results

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2024	371	92	104	70	11.9	24.8	Apr 14, 2025	J-GAAP
Mar - May, 2025	348	56	42	69	11.4	16.1	Jul 14, 2025	J-GAAP
Jun - Aug, 2025	332	60	73	50	7.0	18.1	Oct 14, 2025	J-GAAP
Sep - Nov, 2025	351	57	51	35	4.8	16.2	Jan 13, 2026	J-GAAP
YoY	－	－	－	－	－

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Dec - Feb, 2024	371	－	Available in future release
Mar - May, 2025	348	－
Jun - Aug, 2025	332	－
Sep - Nov, 2025	351	－	57	－	51	－	4.8	－

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	371	92	104	70	11.9
Fiscal Year	Feb, 2024	Feb, 2024	Feb, 2024	Feb, 2024	Feb, 2024

Key Balance Sheet Figures

Fiscal Year	BPS	Equity Ratio	Total Asset	Equity	Retained Earnings	Interest-Bearing Debt Ratio	Announce	Accounting Standards
May, 2023	-1,275.90	12.3	717	88	ー	ー	ー	J-GAAP
May, 2024	-25.80	20.3	1,237	251	-68	0.17	ー	J-GAAP
May, 2025	462.81	52.4	2,127	1,114	177	0.02	Jul 14, 2025	J-GAAP
Jun - Nov, 2025	ー	52.5	2,322	1,220	262	0.02	Jan 13, 2026	J-GAAP