Exhibit 99.3

Q 1 FY20 2 6 I n v e s t o r P r e s entati on Le i fra s Co ., L t d . ( N as d a q : L F S) 㹺 J u ne 2 0 2 6

Th i s p r e s ent ati o n co nt a i ns f o r w a r d - l oo k i ng s t atement s t hat ref l ect o ur cur r ent ex p ect ati o ns and v i e w s o f futu r e event s , a l l o f w hich a r e s u b j ect t o r i s k s and unc e r t a i nt i e s . F o r w a r d - l oo k i ng s t atement s g i ve o ur cur r ent ex p ect ati o ns o r f o r eca s t s o f futu r e event s . Y o u can i d ent i fy t he s e s tate m ent s b y t he fact t hat t hey d o not r e l ate s t r i ct l y t o hi s t o r i cal o r cur r ent facts . Y o u can find m any ( b ut not a l l ) o f t he s e s t atement s b y t he u s e o f w o r d s s uch as “ a p p r o xi m ate s , ” “ b e l i eve s , ” “ ho p e s , ” “ ex p ect s , ” “ ant i ci p ate s , ” “ e s t i m ate s , ” “ p r o j ect s , ” “ i ntend s , ” “ p l a n s , ” “ w ill , ” “ w o uld , ” “ s hou l d , ” “ co uld , ” “ m a y ” o r o t her s i m il ar ex p r e s s i o ns i n t his p r e s ent ati o n. The s e s tate m ent s a r e li k e l y t o a d d r e s s o ur g r o w t h s t r ate g y , financial r e s ults and p r od uct and d eve l o p m ent p r og r am s . Y o u mu s t ca r eful l y co n s i d er any s uch s t atement s and s hou l d un d e r s t and t hat m any fact o r s co uld cau s e act ual r e s ults t o d i ffer f r o m o ur f o r w a r d - l oo k i ng s t atement s . The s e fact o r s m ay i nclu d e i naccur a t e a s s u mp t i o ns and a b r oad va r i et y o f o t her r i s k s and unc e r t a i nt i e s , i nclu d i ng s o m e t hat a r e k no w n and s o m e t hat a r e not. No f o r w a r d - l oo k i ng s t atement can b e g ua r ant eed and act ual futu r e r e s ults m ay va r y m ater i a l l y . F act o r s t hat co uld cau s e act ual r e s ults t o d i ffer f r o m t ho s e d i s cu ss ed i n t he f o r w a r d - l oo k i ng s t atement s i nclu d e, b ut a r e not li m i t ed t o : a s s um p t i o ns a b o ut o ur futu r e financial and o p e r ating r e s ult s , i n clu d i ng r evenue, i ncome, ex p en d i t u r e s , ca s h b a l ance s , and o t her financial i t em s ; o ur a b ili t y t o ex ecut e o ur g r o w t h, and ex p an s i o n, i nclu d i ng o ur a b ili t y t o m eet o ur go a l s ; cur r ent and futu r e eco nom i c and p o li t i cal co n d i t i o n s ; o ur ca p i t al r eq ui r em ent s and o ur a b ili t y t o r a i s e any a d d i t i o nal fi n a nc i ng w h i ch w e m a y r eq u i re; o ur a b ili t y t o att r a ct cu s t om e r s a nd fu r t her en ha nce o ur b r a nd r eco g n i t i o n; o ur a b ili t y t o h i r e a nd r eta i n q u a li fi ed mana g ement p e r s o nn e l a nd k ey em p l o y e e s i n o r d er t o en a b l e us t o d eve l o p o ur b u s i ne s s ; t r en d s and co m p et i t i o n i n t he s p o r t s i n s t r uct i o n s e r v i ces i n d u s t r y and t he s o ci a l s u p p o r t s e r v i c e s i n d u s t r y ; and o t her a s s um p t i o ns d e s c r i bed i n t his p r e s ent ati o n un d e r l y i ng o r r e l ating t o any f o r w a r d - l oo k i ng s t atement s . W e d e s c r i b e ce r t a i n m ater i al r i s k s , unc e r t a i nt i es and a s s u m p t i o ns t hat co uld affect o ur b u s i ne s s , i nclu d i ng o ur financial co n d i t i o n and r e s ults o f o p e r ati on s , un d er “R i s k F act o r s ” i n o ur annual r epo r t o n F o r m 2 0 - F ( t he “ A nnu al Re p o r t ” ) fi l ed w i t h t he U. S . S ecu r i t i es and Ex chang e C o mm i ss i o n ( t he “ S E C ” ). W e b a s e o ur f o r w a r d - l oo k i ng s t atemen t s o n o ur m ana g em ent ’ s b e l i efs and a s s um p t i o ns b a s ed o n i nfo r m ati o n av a il a b l e t o o ur m ana g em ent at t he t i m e t he s tate m ent s a r e m a d e. W e caut i o n y o u t hat act ual o ut co m es and r e s ults m a y , and a r e li k e l y t o , d i ffer m ater i a l l y f r o m w hat i s ex p r e s s ed , i mp li ed o r f o r eca s t b y o ur f o r w a r d - l oo k i ng s t atement s . A cco r d i n g l y , y o u s hou l d b e ca reful a b o ut r e l y i ng o n any f o r w a r d - l oo k i ng s t atement s . Ex cept as r eq uir ed un d er t he fed e r al s ecu r i t i es l aws , w e d o not have any i nt ent i o n o r o b li g ati o n t o u p d ate p u b li cly any f o r w a r d - l oo k i ng s t atement s aft er t he d i s t r i b ut i o n o f t his p r e s ent ati o n, w het her as a r e s ult o f new i nfo r m ati o n, futu r e event s , changes i n a s s um p t i o n s , o r o the r w i s e. The f o r w a r d - l oo k i ng s t atement s m a d e i n t his p r e s ent ati o n r e l ate o nly t o events o r i nfo r m ati o n as o f t he d ate o n w hich t he s tate m ent s a r e m a d e i n t his p r e s ent ati o n. Ex cept as r eq ui r ed b y l aw , w e un d e r t ak e no o b li g ati o n t o u p d ate o r rev i s e p u b li cly any f o r w a r d - l oo k i ng s t atement s , w het her as a r e s ult o f new i nfo r m ati o n, futu r e event s , o r o the r w i s e, aft er t he d ate o n w hich t he s t atement s a r e m a d e o r t o ref l ect t he o ccur r ence o f unant i ci p ated event s . Y o u s hou l d r ead t his p r e s ent ati o n, a l ong w i t h t he A nnu al Re p o r t and t he do cu m ent s t hat a r e fi l ed as ex hib i t s t o t he Re g i s t r a t io n S t atement , ca r eful l y and w i t h t he un d e r s t an d i ng t hat o ur act ual futu r e r e s ults m ay d i ffer m ater i a l l y f r o m w hat w e cur r ent l y ex p ect . Fo r w ar d - L o o k in g S ta t e m ents 1 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

IND EX Com p an y Pr o fi l e E x e c uti v e Summa r y Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults Pr o g r e s s o f th e G r owt h S t r a t e g y Con s ol i da t ed Financ i a l P o s it i on Capital A l lo cation 202 6 Fu l l Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t Ap p en d ix G r owt h St r ategy Ca pita l All ocation Refe renc e Materia ls 2 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

IND EX Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 3 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Co rpo r a t e Phil o sophy / H i s t o r y 㸰㸮㸮 0 㹼 㸰㸮㸮㸳 㹼 㸰㸮㸯 㸮 㹼 201 5 㹼 㸰㸮㸰㸮 㹼 F o und e d i n 2001 St a rt e d s po rts sc hoo l bu s ines s F Y20 05 10 ,00 0 m e m bers FY2 009 20,0 00 m e m bers F Y20 12 30,000 m e m bers m e m bers FY2 014 40,0 00 m e m bers FY2 013 Sta rt e d Sc ho o l cl ub s uppo rt bus i n e s s FY2 023 60,0 00 m e m bers FY2 024 70,000 mem b e rs F Y20 20 L a rge - sca l e c lub a c tivity pr o j e c t c o ntra c t (N a g o ya C ity e l e m e nt a ry sc ho o l) F Y20 21 50,000 W i t h t h e cor po r a t e phi l os o ph y o f " T o change an d desig n spo r t s ,“ w e pr a ctice " spo r t s a n d soc i a l bus i ness" t o a d d r ess v a r i o us soc i a l iss u es t h r o u g h spo r ts. Ra nk e d N o . 1 i n J a pan a cro s s 4 m a jor c a t e g o r i e s R ecord H i g h ※ 1 74,798 tho u sand U SD 㸦 F Y 㸰㸮㸰㸳 㸧 T he US D amo unt i s ba s e d on 25Q 4 F X r a t e 㻃 156 . 80 = $1 . 00 . ※ 1:P e r f o r m an c e c om p a ri s o n f o r t h e s a me pe r io d f r o m F Y 23 o n w a r d s ( U S G AA P) 4 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Bus i ness M o del W e o p er a t e o u r bu s i n ess i n t w o segments: "Sp o r t s Schoo l Bus i ness " a n d "So ci a l Bus i ness ." Sp or t s S choo l Bu s i ness S oci a l Bu s i ness ● Se r v i ce detai l s W e prov i de a un i que sp orts servi c e that c u l t i vates the " no n - c ogn i t i ve skil l s " that are e m phasized i n m odern e du c at i on. B ased on our t e a c h i ng ph i losophy of ”a c kno w l e d g e, praise , en c ourage, and mot iv ate," w e of fer a tra i n i ng program that in t e grat e s p hy si c al and me ntal g ro w th, fo c us i ng not only on d ev e lop i ng sport s skil l s, but a l s o on gre e t in gs, e t i q ue t t e , le adersh i p, c ooperat i on, sel f - managem en t , and prob l e m - solv i ng skil l s. ● R e v e n u e s o u rces ࣭ Sc hool fees (month l y fee, e nrol l me nt fee, annual fee) ࣭ E vent p art i c ip at i on fee ● Se r v i ce detai l s O ur soc ia l b us i ness c onsis t s of t w o mai n ty pes of p roje c ts: the " Sc hool Clu b Suppor t " and " A fte r - Sc hool D a y c are Servi c es .“ O ur c lu b a c t i v i t i es pro j e c t w ork s i n c ol l abora t i on w i t h lo c al gov e rn m en t s and s c hools and in vol v es c oach in g and runn i ng c lu b a c t i v i t i es pr i mari l y at e le me ntary and j un i or h i gh s c hools. O ur af t e r - s c ho o l day c are servi c es pro je c t sup p o rts the independenc e of c h i l d ren w i t h d e ve l opm e ntal d isab i l i t i es th r ough sports. ● R e v e n u e so u rces M ain l y bus i ness outsour c in g c ontra c t fees ● Sa l es ra ti o ● Sa l es r a ti o 27 㸣 㸦 FY 㸰㸮㸰㸳 㸧 㸵 3 㸣 㸦 FY 㸰㸮㸰㸳 㸧 Co m p ared t o F Y 2023 㸩 3 㸣 㸦 FY 㸰㸮 㸰 㸱 㸸 㸰 㸲 㸣㸧 5 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Bus i ness Season a l ity Ou r business ' s p r o f i t s t ructu r e i s h e avi l y w eigh t ed t o w a r d s t h e second hal f o f t h e y e a r , w i t h t h e majo r it y o f p r o fit s bei n g r eco r de d i n t h e second h a l f . S ea s o nality o f s p o r t s s c h oo l b us i ne s s • Memb e r s h i p numbe r s t e mp o ra rily de c r e a s e a r o un d Ma r ch, coin c i din g w ith s ch o o l gr ad u atio n s e a s o n . • T h e n , th e y inc r e a s e again f r o m A pr i l t o J u n e , coin c i din g w it h th e s ta r t o f th e n e w s ch o o l y e a r . • E v e n t r e v e nu e peaks i n Ma r ch an d A u gu s t, an d dur in g s ch o o l h o li days f r o m De c e mbe r t o J anu a r y . S ea s o nality o f s o c i a l b us i ne s s • Som e co n tr acts w it h go v e r n me n t agen c i e s in v o l v e p ay me n ts be i n g mad e in Ma r c h , w h ic h in t r o du c es s e a s o n ality in t o th e ca s h f l o w . * F o r your r e f e r en c e : F o r m o re d e t a il e d inf or m a t i o n, ple a s e r e f e r to the " T r e nd Inf o r m a t i o n" se c tion with i n the " M an a g e m e nt's Di sc us s i o n and A na l y s i s o f F ina n c ia l C o ndition and R e sul ts o f O per a tions" in the C o m pany’s R e p o rt o f F o r e ign P riv a t e I s su e r o n F o rm 6 - K. 54 33 68 341 487 559 4,227 4,773 5,489 5,07 7 5,556 6,24 0 Rev e n u e Inco m e f r o m ope r a tions 6 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . ( m illi on y e n ) ( m illi on y e n ) FY 23 f i r s t h alf FY 23 s e con d h alf FY 24 f i r s t h alf FY 24 s e con d h alf FY 25 f i r s t h alf FY 25 s e con d h alf FY25 FY25 FY24 FY24 FY23 FY23 s e cond h alf f i r s t h alf s e cond h alf f i r s t h alf s e cond h alf f i r s t h alf

IN D E X 1 . Com p an y Pr o fi l e E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h S tr a t egy • Ca p i t a l A l l oca t ion • R efe r e n ce Ma t e r i a ls 7 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

770 782 F Y25 Q 1 F Y26 Q 1 1 , 044 964 F Y25 Q 1 F Y26 Q 1 1 6, 886 1 8, 571 F Y2 5 Q 1 F Y2 6 Q 1 62, 495 60,9 60 F Y25 Q 1 F Y26 Q 1 1 , 971 2, 1 20 F Y25 Q 1 F Y26 Q 1 *1 : Comp a r i s on of p e r fo r m a nc e ov e r the s a m e p e r io d f r om Q 1 F Y 2 5 on w a r ds ( US G AA P ) * 2 : A d j u s t e d op e r a t in g p r of i t : I n t r oduc e d a s a p e r fo r m a nc e m a na g e me nt i n d ic a t or r e p r e s e n t in g t he p r of i t a bi l i t y of t he core bu s i nes s . A d j u s t e d op e r a t in g p r of i t = I nc ome f r om op e r a t ion s + A c quis i t io n - r e l a t e d c os t ( i n t h o u san ds of U SD ) Ne t income Spo r t s s cho o l membe r s Co n tr a c t ed club a ct ivi t ies R e c o r d hig h ※ 㸯 2. 5 㸣 Y oY 7. 6 㸣 Y oY ( i n t h o u san ds of U SD ) ( i n t h o u san ds of U SD ) ( i n t h o u san ds of U SD ) ( m e mb e rs ) Fin a n ci a l H i ghl i gh t s R eco r d hig h n et r eve n u e a n d n et i n come d r i v en b y th e g r owt h o f ou r cl u b a ctivit ie s an d s p o r t s sc h o o l b u si n es s es. A dj u s t ed income R e c o r d hig h ※ Ne t r eve n u e I n come f r o m o p erat io n s f r o m o p erat io n s ※ 㸰 10 0 㸣 7. 7 㸣 Y o Y Y oY R e c o r d hig h ※ (c lu bs ) US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 1. 0 㸣 + 5 㸣 Y oY R e c o r d hig h ※ 8 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 1 , 055 Y oY 1 , 044 F Y26 Q 1 F Y25 Q 1

Fin a n ci a l H i ghl i gh t s | Suppl e m enta r y Exp l a n ati o n | Dec r ease i n Sc h o o l M e m be r ship ( Y oY) Im p ac t ed b y school gra d ua t i o ns an d a stra t egic shi f t i n cus t ome r acqu i siti o n timin g t o enhance se r vice qua l i t y . N ev e r theles s , th e u n de r l y i n g bu s ines s fo u n d a ti o n i s s t e a d i l y str en gthe n i n g. Main f a c t o r s I n c r ea s e i n " grad u a ti n g membe r s " d u e t o membe r s r ea ching hi ghe r grades. • A s t he num b e r o f m e m b e r s inc r e ases i n t he u p p e r g r ad e s o f e l e m e nta r y schoo l , th e nu mber o f graduat e d m e mbe r s ( m e mbe r s who r e main e d e n rol l e d un ti l th e 6t h grad e o f e l e m e n ta r y s chool an d graduate i n M arch ) has i n crea s e d com p ar e d t o th e prev i ou s y e a r . * M any of our 6 th - grade e l e m en t ary s c hool memb ers grad uate fro m ( w i t hdraw fro m ) the s c hool i n M arc h, w h ic h i s the e l e m en t ary s c hool grad u at i on season. A s tr a t egic s hi f t i n th e " n ew cus t ome r a cqu i s i t io n ti mi n g " a i m ed a t i mp r ovi n g s e r vice q u a l i t y . • In lin e with s t r e ng t h e nin g n e w em p l o y e e t rain i ng, w e are s trate g i cal l y s hi f tin g custom e r acqui s i ti o n ti m i n g. • A s a r e sul t , t he num b e r o f n e w c lasse s o p e nin g i n M arc h decr e a s e d , l e ad i n g t o a y e a r - on - y e a r decr e a s e i n e n rol l m e n t. • T his i s n o t a r e sp o nse t o d e clin i ng d e mand , b ut r at h e r a s trate g i c m e a s u re t o e n s u re s e r v i ce qual i t y . * I n Japan, m ost n ew e m p l oy e e s j o i n t h e i r c o m pan i es i n A p r il . On e fr a n chis e a g r eement w as t ermi n a t ed. • T he t e r minatio n o f o n e f r anchise l o ca t i o n r e sul t e d i n a d e c r e ase i n t he num b e r o f m e m b e r s. R e v enue i n c r eased du e t o higher mont h l y f ees, despi t e a sli gh t dec r ease i n m e m be rship. I n t ensi f y i ng M&A ac t iv i tie s t o ensure sus t a i n ab l e g r o w t h . 9 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

K ey T op i cs o f Q 1 FY2 0 26 S t eady p r ogr ess achie v ed ac r os s k ey g r o w t h pi l l a r s: Social Business , Spo r t s Sc h o o l Business , an d M& A . 01 Socia l b u siness Spo rts Sc ho o l b u siness M& A • [Scho o l C l u b A ct i v i ti es B u s i n ess ] W e e xec u te d co n tr a cts w i t h 24 m un i c i p al i ti es an d 7 pri v a t e scho o l s n a t i o n w i de , p r ov i di n g a stro n g f o un d a ti on f o r re v e n u e ge n erati o n i n Q 2 an d be y o n d . N e w : 5 ( i ncluding 3 i n s p e ci al w a r ds and o r dinanc e - de s ig n a t ed ci ti e s ) Ex i s ting o n goin g: 19 • [ A f te r - scho o l D a y car e S e r v i ce ] W e ope n ed n i n e n ew b u s i n ess l ocatio ns, repr ese n ti n g a 45 % i n crea se com p a r ed t o th e prev i o u s yea r . N u mbe r o f e s tab li s h me n ts i n FY2026 : 2 9 e s tab li s h me n ts ( c o m p a r e d t o th e s ame period la s t y e a r : + 9 e s tab li s h me n ts + 45 . 0 %) • FY 26 Q 1 sale s i n crea sed steadi l y Y o Y , d r i v en b y n ew c l u b activ i t y co n tr a cts acqu i red i n FY 202 5 . Sa l e s : $5 .0 mi l li o n ( Y oY: + 24 .1 %) • T hro u g h M& A ( T oka i Spo r t s C o. , L td.) , appr o x i m a t e l y 1 ,2 00 m em be r s o f th e spo r t s scho o l w ere acqu i red. T ra n s fe r o f ap p r o xima t e l y 1 ,2 00 s p o r ts s ch o o l me mbe r s an d g y mn a s ti c s c l a s s e s at app r o xima t e l y 2 0 a f f i li a t e d kin de r ga r t e n s an d day c a r e c e n t e r s ( r e f l e c t e d f r o m Q 2) • I n crea sed un i t price s l ed t o i m pro v ed L i f e t i m e V al u e (“ L TV ” ) an d FY 26 Q 1 re v e n u e progr essed sm ooth l y . Sal e s : $13 .6 m illi o n ( Y o Y: + 5 . 6 %) • S trategi c M &A o f thre e com p an i es t o create sy n erg i es wi t h o u r c o re b u s i n es s . 1. W e l l R e s o u r ce Co ., L t d. : A f t e r - s ch o o l day ca r e s e r vi c e b u sine s s e s ( 4 locati o n s ) (do mi nan t e x p an s io n i n th e T o h o ku a r e a) 2. T o ka i Sp o r ts Co ., L t d. : A pp r o xima t e l y 1 ,2 00 me mbe r s an d p r e v e n t th e los s o f o lde r s tu dent s 10 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 0 2 03

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 11 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Co nso l i d a t ed P/ L Highl i gh t s Ne t r e v enu e , A d ju s t ed inc om e f r o m operat i on s * 2 , and N et i n co m e r ea c he d r e c o r d hi g h s * 1 . ( i n t h o u s a n d s o f US D ) FY 㸰 5 Q1 F Y 㸰 6 Q1 Y oY change Y oY cha n g e % Net r e v e nu e 16 ,886 18 , 571 1 , 685 10 . 0% Gro ss pr o f i t 4,969 5, 986 1 , 01 7 20 . 5% Inco me f r o m o pe r at i o ns 1,044 964 - 80 - 7. 7% O pe r at i n g pr o f i t mar g i n 6.2% 5. 2% - - 1 . 0% Net i nc o me 770 782 12 1. 5% Ad j usted i nc o me f r o m o pe r at i o n s *2 1,044 1 , 055 11 1 . 0% US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 R e cor d H i g h * 㸯 R e cor d H i g h * 㸯 R e cor d H i g h * 㸯 * 1 : P e r fo r m a nc e com p a r i s o n for t h e s a me p e r iod f r o m Q 1 FY2 5 onw a r d s ( US GAAP) *2: A d ju s t e d Income f r o m O p e r a t ions : In tr o d uc e d a s a p e r fo r m a nc e m a n a g e m e n t in d ic a t o r r e p r e s e n t ing t h e p r ofi t ab i l i t y o f t h e co r e b u s ine ss . A d ju s t e d income f r o m o p e r a t ions = Income f r o m o p e r a t ions + Ac q ui s i tio n - r e l a t e d co s t R e cor d H i g h * 㸯 12 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

A d j us t ed inc o me f r o m o per a tio n s A d j us t ed inc o me f r o m ope r ati o ns* w a s 1,05 5 t h o u sa n d U S D , up 1.0 % Y o Y . Bui l d i n g a st r o n g f o u nd a tio n fo r t h e next qua r t er a n d be y o n d. F Y 2 㸴 Q1 F Y 2 㸳 Q1 Ad justed o p e r a tions 1 . 0 㸣 Y o Y A cq u i s i ti o n - re l a t ed costs FY 2 㸴 Q1 A dj u sted I n c o me f rom operatio ns 1 , 044 13 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 964 91 1 , 055 FY 25 Q1 I n com e from operatio ns FY 26 Q1 I n com e from operatio ns ( i n t h o u san ds of U SD ) ( i n t h o u san ds of U SD ) US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 *: A d ju s t e d Income f r o m O p e r a t ions : In tr o d uc e d a s a p e r fo r m a nc e m a n a g e m e n t in d ic a t o r r e p r e s e n t ing t h e p r ofi t ab i l i t y o f t h e c o r e b u s ine ss . A d ju s t e d income f r o m o p e r a t ions = Income f r o m o p e r a t ions + Ac q ui s i tio n - r e l a t e d co s t s

Seg m ent sum m a r y r ea c hin g r e c o r d hi g h s . S p o r t s s cho o l b u s ines s S o c i a l b us i ne s s S ta b l e gro w t h thro u g h i n cr e as ed L T V d ue t o hig h er u n i t p r i ces . Ne t r eve n u e H i g h gro w t h cont i nu e s du e t o a s i gn i f i can t i nc r e as e i n th e n u m b er o f cl ub act i v i t y cont racts. 12,878 13,597 FY25Q 1 FY26Q1 *1 : Comp a r i s on of p e r fo r m a nc e ov e r the s a m e p e r io d f r om Q 1 F Y 2 5 on w a r ds ( US G AA P ) + 5. 6 % YoY Ne t r eve n u e 4,008 4,975 FY25Q1 FY26Q1 + 24. 1 % YoY Bot h t h e "Spo r t s Sc h oo l Bu s ine s s " an d th e "Soc i a l Bu s ine s s " a r e g r ow i ng s t ea d i l y , R e c o r d hig h ※ R e c o r d hig h ※ ( i n t h o u san ds of U SD ) 14 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . ( i n t h o u san ds of U SD ) US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 15 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

4,008 4,974 FY25Q1 FY26Q1 P r o g r ess o f Soci a l Bus i ness I Bot h t h e “ sch o ol club su pp o r t se r vic e ” an d “a f t e r - sc hool da y ca r e s e r vice” a r e sc al i ng a s plann e d . Sales h a v e inc r ea s ed s i gn i fi cantl y . T o p ic s Ne t r eve n u e S chool c l u b s u ppo r t s e r v i ce ඹ S e c u r ed Q2 + r e v enue s t r ea m s v i a co n t r ac t s w i t h 2 4 loca l g o v ern m e n t s an d 7 p r i v a t e s c h oo l s . N e w B u s ine ss De v e lopm e n t ( 5 cases): Secu r e d "larg e - s cale proj e cts " i n s p e cial w a rds an d d e signa t e d c i tie s . 3 o f 5 new co n tr acts awa r ded i n s pe c ia l w a r d s /de s ig n a t e d c i ti e s . Ph a s e 2 G r o w th S tr a t e gy ( s ca l in g t o majo r mu n ic i p alit i e s ) i s p r o g r e ss in g s m o o th l y . E x i s ting Cu s tome r s ( 19 ca s e s ): Achi e v e d an e x tre m e l y hi gh r e p e at rate and "incre a s e d un i t pri c e ". Ma in t ain e d a s t r o n g cus t o me r b a s e w it h a 100 % rete n ti o n ra t e . ය T h r o ugh M & A (W e l l R e s o u r ce Co. , L td .), w e ac q uir ed " 4 b u s i ne ss l o c a ti o n s ". T w o n e w s e r vi c e s , " FL E I " for m o t o r l e ar n in g s u ppo r t an d " I LFE " for in d e pen dent l e ar n in g s u ppo r t, h a v e be e n add e d. ර M & A , w e o pene d ni ne new b us i ne s s loc at io n s , r e sulting i n a 45 % i ncrea s e Y o Y . N u mbe r o f b u sine s s e s ra pidly e x p an ded f r o m 2 0 t o 29 , a 45 % inc r e a s e com p a r e d t o th e p r e vio u s y e a r . + 2 4 . 1 % YoY A f t e r - s chool day care s e r v i ce R e c o r d hig h ※ 㸯 US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 16 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . ( i n t h o u san ds of U SD )

Social Busines s Pr ogr ess I I | Sc h o o l Cl ub S uppo r t : Mun ic i p a l i tie s an d Sc h o o l s U nder Contract W e ha v e s i gn e d c ontr acts w i t h 2 4 muni c i p al i ti e s an d 7 p ri v a t e jun i o r hig h sc hools nationw i d e , s e c uring r e v enue st r eams fo r Q 2 an d be y ond. 17 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

S ocia l B u s in e s s Pr o g r e s s III | A f t e r - S choo l D ayca r e S e r vice s : F acilit y Map Inc l u d i n g M & A , w e o p e n ed n i ne n e w o ff i c e s , e x p and i n g ou r bus i n e s s t o a t ota l o f 2 9 o ffi c es nation w i d e. 18 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

12,878 13,597 FY25Q1 FY26Q1 ( i n t h o u san ds of U SD ) Pr ogr ess o f t h e Spo r t s Sc h o o l Business Ne t r e v enue inc r ea s ed r e s ult i ng f r o m highe r un i t p ri c e s . T h e g r owt h st r a t e g y aim e d a t e x p and i ng ma r k et s h a r e i s p r og r e s s i ng smo o t h l y . A c q uir ed a p p r o x . 1,2 0 0 s p o r t s s c h oo l m embe rs thr o ugh t h e M & A o f T o k a i S p o r t s Co ., L td . W e acqu i r e d th e gy m n a s ti c s c l a s s e s b u sine s s at ap p r o x i ma t e l y 2 0 a f f i li a t e d kin de r ga r t e n s an d day c a r e c e n t e r s , w h ic h cur r e n tly h a v e ap p r o xima t e l y 1, 200 s ch o o l me mbe r s . H i g h er unit p r ic es im p r o v ed L T V , d r i v in g s t ea d y FY26 Q 1 s ale s g r o wt h Y o Y . Sal e s : $ 1 3 .6 m i l l io n ( Y o Y : + 5. 6 %) W e ha v e s i g ned a n all ianc e ag r e e m e nt w i t h B l au b l i t z A k it a an d o p en e d a co l l a b o r a t i v e s c h oo l. W e op ened a col l abo rati v e s cho o l i n O da t e Cit y , Ak it a P r e f e ctu r e . T his comp l e t e s o u r e x p ans i on t o 4 6 p r e f e ctu r e s n atio n w ide . W e ha v e launch e d a new b r and , " L - S p o ". W e a r e o pen in g a n e w br an d ( m u lt i - s p o r ts s ch o o l) aim e d at attra ct i n g y o un ger child r e n an d th o s e w it h li gh t ne ed s . T o p ic s Ne t r eve n u e + 5. 6 % YoY ඹ ය ර ඼ R e c o r d hig h ※ 㸯 19 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0

M & A Pr o g r e s s Th e M & A o f t wo com p anie s ha s b ee n com p l e t e d . We will p r ior it ize g r ow t h invest men t s an d ai m t o inc r ease c o r por a t e va l u e t h r oug h i no r ganic gro w t h. Well Reso u r c e Co . , L t d . Toka i Sp or t s Co . , L t d . F ou r afte r school daycare service facilities (exercis e an d learnin g suppor t classrooms ) in Miyagi Prefecture. Overview Approximately 1,200 sports school members and th e gymnastics classes at approximately 20 affiliated kindergartens and daycare centers. Overview E x pan d ing in th e To h o k u re g ion an d strength en i n g th e revenu e base . L e ve ra g ing ex istin g so ci a l bus ine ss loc atio n s for ra p id ma rk e t sh are exp an sio n in To h o k u . An tici p ate hi g h e r ins tru c tio n al qua lit y via kn o w - ho w sharing an d imp ro v ed pro fit marg ins throu g h ba c k - office inte gra tio n . Significant expansion o f school membership maximization o f LTV Expandin g Chubu market share rapidl y with ~1,200 members. Aiming t o significantly boost average LTV and membership by leveragin g olde r - student coachin g expertise group - wide. 20 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 01 02

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 21 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Co nso l i d a t ed B S H i ghl i gh t s M a i n tai n in g a sou nd fin a nc ia l foun d ati o n. N et a sse t s a r e s t e a d i l y i n creas i n g d u e t o th e r ec o r d i ng o f ne t i n c o me fo r t h e c u r r en t pe r i o d . 22 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 Y oY C h ang e % Y oY C h ange 2 0 2 6 /3/31 2025/12/ 3 1 (in t housan d s of U S D) 3 . 0% 651 2 2 ,483 21 , 832 C ur r e n t assets - 0 . 4% - 32 7,5 2 5 7 , 557 F ix ed a s sets 2 . 1% 619 3 0 ,008 29 , 389 T ot a l A ssets - 6 . 0% - 851 1 3 ,292 14 , 143 C ur r e n t l i abi l itie s 18 . 9% 688 4,3 2 5 3 , 637 F ix ed debt - 0 . 9% - 163 1 7 ,617 17 , 780 T ot a l l i abi l itie s 6 . 7% 782 1 2 ,391 11 , 609 T ot a l Net A ssets 2 . 1% 619 3 0 ,008 29 , 389 T ot a l l i abi l itie s and equ i ty

Co nso l i d a t ed CF H i ghl i gh t s Ca s h f l ow r e m ai n s abundan t. 23 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . US D fi gu r e s a r e ba s e d on J P Y t o US D ¥ 159 . 08 = $1 . 0 0 F Y26 Q1 F Y 25 Q1 (in t housan d s of U S D) - 885 - 1 , 505 C ash f lo w f r om oper a ting activ i ties - 142 - 31 C ash f lo w f r om i n v es t i n g activ i ties 735 - 1 , 142 C ash f lo w f r om f i n anc i ng activ i ties - - 8 Ef f ect o f e x change r a t e - 292 - 2 , 686 C hanges i n ca s h and ca s h equ i v a l e nts 15,574 13 , 271 E n d i ng b alance o f ca s h and cash eq u i v ale n ts

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 202 6 Fu l l Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t 8. Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 24 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

• W e pred i ct c o n ti nu ed growt h wi t h n o cha n ges to o u r E arn i n gs F o recast . • T h i s ear n i n g s f o reca st assu m es tha t n o b u s i n ess a cq u i s i ti o n s, restr u ct u ri n g s or l egal sett l eme n t s w il l b e co n c l u ded. Co nso l i d a t ed E a r n i n g s For e cast f or t h e Fisc al Y ear E n d i ng D ece m ber 2 0 2 6 25 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . T he US D amo unt i s ba s e d on 25Q 4 F X r a t e 㻃 156 . 80 = $1 . 00 . Y oY C h ang e % Y oY C h ange FY26 FY25 FY24 㸦 i n thou sa nd USD 㸧 2 7 .9% 2 0 ,865 (H i gh) 9 5 ,663 74 , 798 65 , 878 Net r e v e n ue - - - 1 0 .8% 8,1 1 0 (Lo w ) 8 2 ,908 3 3 .9% 1,3 5 6 (H i gh) 5,3 5 7 4 , 001 3 , 315 Inc o m e f r om oper a tions - - - 1 3 .2% 527 (Lo w ) 4,5 2 8 0.3% ( Hig h) 5.6% 5 . 3% 5 . 0% Operating p ro f i t m a r gin - - - 0.2% (Lo w ) 5.5%

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t Ap p en d ix G r owt h St r ategy • Ca pita l All ocation • Refe renc e Materia ls 26 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

• A ll ocatio n o f h u m a n r eso u rces i n co n n ect i o n w i t h th e re co n tr a ct i n g o f Nagoy a C i t y c l u b activ i t y proj ects an d th e n ew co n s i gnm e n t o f othe r l a r g e c l u b activ i t y proj ects • A te m por a r y decre a se i n scho o l m em be r s du e t o th e te r m i n a t i o n o f o n e fran ch i se co n tr a ct • I n c r e a s e i n gr ad u a t e s ( w it h dr awal s ) due t o cur r e n t me mbe r s r e ach in g h ig h e r gr ades Is s u es a n d f a c t o r s S tr a t egies a n d me a s u r es Exp a n si o n o f spo r t s school bus i ness W e are f oc u si n g o n e nhan ci n g t h e qua l i t y o f o u r cl a ss o f f e r i n g s a n d cus t ome r s e r vices, t o con tin u e bei n g c h ose n b y o u r cus t ome r s an d ex p a n d i ng mar k et sha r e a n d st r ength e n i ng cus t ome r at t r a ction , fo r sustaina b l e g r o w t h . I n tern al e n v i ron m e n t Qual i ty e n ha n cem e n t E xter n al e n v i ron m e n t • G r o w in g awa r e n e s s o f th e n ee d t o p r o t e ct o n e ' s li v e li h ood due t o th e e f f e cts o f p r o lon ged pr ic e h i k e s • T h e s pe c ia l de m an d ( r e b o un d de m an d) a f t e r th e C O V I D - 1 9 p an de m i c h as r u n it s co u r s e Ma r k et Share ex p ans i o n and b ra n di n g s tren gthe n i n g cu stom er attr a ct i on • S tre n gth e n i n g sc h o o l v i s i t s (o n s i t e trai n i n g an d emp l o y ee de v e l op me n t ) ai med a t q u al i t y i mpro v eme n t • D i f fere n ti a t i o n thro u g h e n ha n ced br a n di n g o f th e n o n - cog n i tiv e abi l i t y m eas u rem e n t syst em " Mi l ab o “ • S tren gthe n i n g th e i n struct i o n an d m anage m e n t syst em thro u g h th e pr oacti v e deploy m e n t o f a ss i stant i n structo r s • S tren gthe n i n g soc i a l m ed i a a d v e r ti s i n g thro u g h w eb m a r k et in g • A cq u iri n g li gh t n eeds cu stom e r s thro u g h th e i n tro d uct i o n o f i n s i d e sale s • 4 7 prefe ct u res an d ex p and i n g i n t o un exp l ore d a r eas • E stab l i s h me n t an d ex p an s i o n o f c l asses e x c l u s i v e l y f or kids (presc h o o l c h il dren) • O pen in g n e w s tu den t - l e d s ch o o l s u til i zi n g s ch o o l fac il iti e s th r o u gh comp r e h e n s i v e p a r tn e r s h i p ag r ee me n ts w ith un i v e r s iti e s an d v o catio n al s ch o o ls • M&A an d all i an c es w it h o th e r com p an i e s i n th e s ame in d u s t r y that s h a r e o u r p h il o s o p h y 27 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Exp a n d i ng t h e sha r e o f cl u b activitie s | M a r k et size an d nati o n a l po l ic y r o a dmap I 202 6 sc hoo l y ear w i l l s ee t h e sta r t o f a " r efo r m impl e mentat i o n per io d " fo r c l ub activit i e s . In p r inc ipl e , al l c l ub activit i es hel d o n hol i day s w i l l b e tran s fe r r ed t o th e lo c a l c ommunit y . 2023 2024 2025 2026 2027 2028 2029 2030 2031 R e f or m p r omo t i o n p e r i o d T A M | C lu b a ctivity ma r k et size A pp r oxim a t e l y 9,80 0 ju n i or h i gh s c hools nat i on w i d e *1 Approxi m a tel y 3.1 9 b i lli o n USD Ou r cur r e n t loc a ti o n | 2025 r esults N umber o f c o nt r acte d s c h oo l s : 381 S ale s : a pp r ox . 2 0,00 0 U S D R o o m for g r o w th * 1 : < Sour c e > e - S t at Gov er nm e nt S t at i s t ic s P o r ta l Si t e / N um be r of S c hoo l s i n 202 5 * 2 : Ma r ket Siz e : O ur ow n c a lc u l a t io n me t ho d ba s e d on pa s t c on t r a c t p e r fo r m a nc e * 3 : < S ou r c e > C lu b A c t i v i t y R e fo r m P ort a l S i t e / N e w G uide line s R ega r d i ng C lu b A c t i v i t y R e fo r m ( T his i s me r e l y a na t ion a l pla n a nd i s no t n e c e ss a r il y g ua r a n t ee d t o be imple me n t e d. ) R ef o r m i m p l e m entation p e r i o d W ee ke n ds: A l l scho o l c l u b activ i ti es a r e plann ed t o b e ex p ande d t o th e com m un i ty W e e k days: R es o l v e v ari o u s i ss u es an d promot e re f orm. 28 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Exp a n d i ng t h e sha r e o f cl u b activitie s | M a r k et size an d nati o n a l po l ic y r o a dmap II T h e J a p ane s e g o v e r nment h a s announc e d t h a t i t plan s t o t r ansf e r "mo r e t h a n 30% " o f holi d a y c l ub activit i es t o lo c a l c ommunit i es an d th e p ri v a t e s e c to r i n fi s cal 2026 . *1 2023 Resul t s 2024 Resul t s S ched u led fo r 2025 S ched u led fo r 2026 2027 㹼 4 . 7 % ( 6 , 049 co p i e s ) 8 . 5 % ( 10 , 910 co p i e s ) n crea se Y oY R eg i o n a l c l ub a ctivity de v el o pme n t r a ti o a cross J a p a n a n d pl a ns for [ S o ur ce ] S ur vey o n t h e s t a tus o f c l ub a cti vi t y ref o rm ef f o r t s ( A g ency f o r S p o r t s a nd A g ency f o r C ult u ra l A f f a irs ) * Rati o of lo c al c lu b ac t ivi t ie s acros s J a p an ( nu m b e r of lo c al c lu b ac t ivi t ie s : nu m b e r of c lu bs) * T h e p e rc e n t a ge w a s ca l c u la t e d u sin g a t o t al of 128 , 00 0 c opi e s as t h e d e n om in a t or ( nu m b e r of ju n ior h i g h s c hoo l s n a t io n w i d e ) . 30.4 % 16 . 6 % ( 21 , 208 co p i e s ) ( 38 , 9 5 4 cop i e s ) R e g i o n a l e xpans i o n r a t i o Ap p r o x im a t e l y 14 % R eform p r omotio n p e r io d (d e m o n s t r a tio n ex pe rim e n t) * 1 : < S ou r c e > C lu b A c t i v i t y R e fo r m P ort a l S i t e / N e w G uide line s R ega r d i ng C lu b A c t i v i t y R e fo r m ( T his i s me r e l y a na t ion a l pla n a nd i s no t n e c e ss a r il y g ua r a n t ee d t o be imple me n t e d. ) 29 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

• C om m i ss ion ed by th e J a pan S por t s A ge n cy • N ippo n S por t P oli cy Co m mi s s ion • J a p a n S por t A ssoci a tion • J a p a n P r iv a t e E d u ca tio n Cou n c i l • Numb e r of s c hool c lu bs managed : 381 s c h ool s , 2120 c l u bs . • Repe at rate ( c ont i nuat i on rate) fro m lo c al gov e rn m en t s : 8 9 % • Coll abora t i on w i t h lo c al gov e rn m en t s ( c um ula t i ve t o ta l f r om 201 3 to 202 5 ) • P refe c tu r es : 3 3 P r efect u r es ( 47 prefe c tu r es nat i on w i de) • Spe c i al w ard : 13 W a r d s (all 23 w ar d s i n T ok yo) • Busi n e s s areas: 47 P r efec t u r es (N u m ber o f l o cation s : 47 ) • Nu m b er of sport s in stru c tors (f u l l - t i m e e m p l o y ees): 1 , 055 • Nu m b er of c lu b a c t i v i ty in stru c tors (part - tim e emplo y ee s ) : 3 , 544 • Tra i ning t hro ugh unique progra m s an d t ho rou gh supe rvi sio n by t he general ma nager • A c hiev emen t s i n saf e t y ma n agement • Si n c e a c c ep t i ng c l ub a c t i v i t i es i n 201 3 , t h e r e h a ve bee n 0 s er i o us ac c ide n t s or i n ju r ies . Exp a n d i ng sha r e o f c l ub activ i tie s bus i ness | Co mp e titi v e a d v a n tag e I ( b a r r ie r s t o ent r y ) W e ha v e bu il t up a b a r r ie r t o ent r y t h r o u g h o u r es t ab l ishe d "trust , t r a ck r eco r d , a n d kn o w - how " a n d ou r o v e r whel m i n g " i n s t ruc t or plat f orm " t h a t i s un i qu e t o ou r co m p an y . N o .1 i n J a p a n “ co n t r act r e c o r d N e t w o r k w it h t h e "c o un t r y " Com p eti ti v e A d v a n t a ge (Bar r i e r s to ent r y) ඹ ය Net w o r k w it h loca l g o v ern m e n t s na t io n w i d e La r g e s cale "in s t r uc t o r p latf o r m" A " s afe t y manag e m e nt s y s t e m " t o p r e v ent s ac c i d ent s an d inju r i e s ර ඼ ල 30 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

J a p a n P r i v a t e E d uca t ion Co un c i l Ex p a ndi n g th e s ha r e o f club a ct ivi t ie s | Com p eti ti v e a d v a n t a g e I I (Net w or k w i t h th e n a t i o n a l go v er n m e n t) W e ha v e establ i s he d a str o n g mar k et p o si ti o n b y co l l a b o r a tin g w it h l ea d i n g i n stituti o ns i n J a p a n ' s spo r t s i n dust r y a n d p r iv a t e educ a tio n sec t o r . N ip p o n S p o r t P o l i cy Co mm i ss ion J a p a n S p o r t A s s o c i a t io n ( J S P O ) Mem b er A s t r a te gic thi n k tank and l o bb y in g o r g anizat i o n t hat p r o p os e s national sp o r t s p o l icie s and p r om o t e s indus t r iali za t i o n A u n ifi e d o r ganizatio n o f the J a p an ese sp o r t s w o rl d that w o rks t o c r e a t e an e nvi r o n m e nt for " wa t ching , " " p lay ing," and " sup p o rt ing " sp o r t s. O f f i c i a l p a r tner J apa n P r i v a t e Educ a t i o n Co un cil Mem b er A n o r g anizat i o n t hat b r ing s t og e t h e r o r g anizat i o ns r ep r e sen t in g v ar i o us fi e lds o f p r i v a t e e d ucat i o n t o p r om o t e social cont r i b ution for ch i ldr e n and cont r i b u t e t o the de v e l o p m e nt o f p r i v a t e e d ucat i o n. R e p r e s e n tat i v e : Ki y o tak a I t o * 1 : < S ou r c e > C lu b A c t i v i t y R e fo r m P ort a l S i t e / N e w G uide line s R ega r d i ng C lu b A c t i v i t y R e fo r m ( T his i s me r e l y a na t ion a l pla n a nd i s no t n e c e ss a r il y g ua r a n t ee d t o be imple me n t e d. ) * 2 : A l l m a r ks a r e t r a d e m a r ks or r e g i s t e r e d t r a d e m a r ks of t he i r re s p e c t i v e own e r s . T he d i s pla y of t r a d e m a r ks he r e i n do e s n ot i mpl y t ha t a lice n s e of a ny kin d ha s b e e n g r a n t e d. Member 31 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Exp a n d i ng M a r k et S ha r e i n Cl u b A ctivities | Huma n R esou r ces S tra t egy Enhance hu m a n r esou r ces t h r oug h t ec hno l og y util i zi n g t h e i n c r easing va l ue o f se r vices du e t o t h e sp r ead a n d e v o l utio n o f AI. T h e co mpet iti v e ad v an t ag e o f t h e b us i ne s s H uman r e s o u r c e s s t r a t e g i e s u t i l iz i ng t e c h n o logy ● V alu e r e v e r s a l d ue t o t h e s p r ead o f AI Maximizi ng human v a lue ● An absolu t e r ea s o n t h a t o n l y " p eop l e " can d o . E m p ath y : "War m and c ompass i onate c are" that su ppor t s both setba c ks and j o y s. E n e rgy : T h e passion and aspirat i ons of i nst r u c tors that dr i ve c h i l d ren ' s g ro w th. On th e groun d s k ill s : " H u m an skil ls " to reso l ve unpr e d i c tab l e c onfl i c ts be t w een c h i l d ren. A I s y s t ems " C o gn i t i ve ab ili ties ( kn o w l e d ge an d l o gic ) " " R o ut i ne task s " The a r ea s th a t Leif r a s hand les " N on - c o g n it iv e skills ( i n t e rpe r s o n a l s kills ) " " H uman re la tions" S o a r in g V a lue (P r e m ium i zat io n ) Tho r o u g h u s e o f tech n olo g y [ R e cr uitm e nt ] Hi g h - p r e cision scre e nin g o f " l e v e l o f alignm e nt with com p any p hi l os o p h y " t h r o u g h dat a anal y sis [ Manag e m e nt ] A ccumulation o f t rain i ng kno w - h o w dat a and au t omation o f ad mini s t r at i v e t ask s Foc u s i n g o n "time an d e n e rgy s p e n t w i t h chi l dre n ." M ax i mi z i n g custom e r s ati s f act i o n an d li f e ti m e v alue (“ L T V ” ) throu g h o u tstan din g s e r v i c e qu a l i t y . Dec r ea s ed v a lue A l l r e s o ur c e s g e nerat e d t h r o u g h A I and s y s t e m izati o n w i l l b e in v e s t ed b ac k i nto " p e o p l e " . 32 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

• B y offering d i re c t e m p l o y me nt and c le ar c areer paths, w e c an c ont i nuous l y attrac t ta l en t ed y oung p e op l e. • A s oph i s tic a t e d ma n a g e men t s y s t e m th a t s u ppo r t s b u s in e s s ex pan s ion by p ro cess i ng approx i mate l y 1 ,0 00 h i r i ng and t e rm i nat i ng transa c t i ons pe r month w i t hout d e la y . • I m media t e ba c k u p s y s t e m ut i l i z in g a nat i on w i d e ne t w ork of e x per i en c ed in stru c tors • T h e h i gh le vel of re liabi l i ty that al l o w s for i m me d i ate c overage i n c ase of staf f sh ortages i s the s our ce o f a s t r ong r eve n u e ba s e. • Wi t h a seaml ess s y ste m that in t e grat e s on - si t e operat i ons and H R , w e c an q u ic kly respond t o t he ur g ent ne e ds of lo c al gov e rn m en t s. • A l l o w s fo r both r ed u ced t r a ve l c o s t s a n d max im ize d u tiliza t ion by sharing t ale n t w i t h i n a g i ven area. • T h e s y ste m of a llo win g si d e jobs and c on curre n t e m p l o y me nt ensu r es the avai l abi li t y of d iv erse professional t ale n t, in c lu d i ng c urre n t t e a c hers. • W e are e x p and i ng ou r unique " t a le n t ban k s y s t e m" n a tionwide , beco m in g a n inf r a s t r uc t u r e co m pa n y th a t s upp o r t s l o cal s ch oo l c l ub a ct i vitie s . Exp a n d i ng M a r k et S ha r e i n Cl u b A ctivities | Huma n C a pita l S tra t egy II By util i z i n g J a p a n ' s o n l y "i n struc t or pl a t f o r m," w e are bui l d i ng a scal ab l e hu m a n r esou r ce bas e t o suppo r t t h e r a pi d ex p a n si o n o f o ur bus i ness. R e cr u itme n t throu g h direct ඹ e mpl oyme n t an d s cal abl e l abor b a s e C l u b act iv i tie s s u ppo r t h i gh ය r e t e n tio n ra t e s . Achi e v e s hig h ope rating ර ca p ac i t y an d hig h e ff i c i e n cy organi zationa l s tru cture Uti l i z i n g d i v e r s e human r e s ou rces an d ඼ e v olut io n int o a " tal e n t s u pply i n f ras tru ctur e " • T h rough c ompr e hens i ve partne rsh i ps w i t h e d u c at i onal in st i tu t ions (su c h as Sa nko Gak uen ), w e c a s ecu r e a s t a bl e a n d l a r g e nu m b er o f h ig h l y m o tiv a t e d a n d t a le n t e d s t u d e n t s a s ful l time empl o y ee s ( s u pe r vi s ors ) a n d cre w me m be r s (inst r u ctors). S tron g r e l ations hip with ල pri v at e s chool corporati on s r e cruitmen t p i p e li n e Hu m a n C a pit a l S t ra t egy 33 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

Exp a n d i ng mar k et sha r e i n club activ i t y p r o g r a ms | S tra t egies b y p h ase Ph a s e 2 w i l l foc u s o n " des i g n a t ed cit ie s " whe r e t h e b a l a n ce b et w een p o p u l a ti o n den s i t y a n d m a r k et s i z e i s o p ti m a l. Ph a s e 3 w i l l ex p a n d t o " n a ti o n wid e a n d r egio n a l cit ie s ." P H AS E 1 D e m on s tra tio n e x p e ri m e n t s a nd tra ck re cord b uil d ing P H A SE 2 D e ve lo pme n t in t o " G ove rn men t - D esign a t ed C ities " P H A SE 3 Exp a n s ion t o th e w h ol e c ou n t r y a n d r eg ion a l c i ti e s ● T a r get Des i g n ate d c i ti es A ppr o x i m a t e l y 1 ,6 00 s cho o ls T ok y o 23 w a r ds: A ppr o x i m a t e l y 430 s cho o l s ( n u m b er o f s cho o l s not curren t l y u n d er co n t ra ct) ● S tr a t e gy Sca l i n g t o a " C i t y D es i gn a t ed b y Go v er n m e n t O r di n anc e " • T h e kno w - how ga i ned w i l l be ex pand e d to urban areas. • Max i m i z e r e c ru i t m e n t and o p e rat i onal effi c i e n c y • A sh if t fro m "t e st i ng" to " c om m er c ial iz at i on." Co mple t i o n Cu r r ent l o cation Mediu m t o l o ng t erm ● T a r g e t 9 ,8 00 s cho o l s n ationwide ● S t r a t e g y I n f ras tru cture de v e l opme n t throu ghou t the e n ti r e cou n t ry • Util i zi n g th e e nhan c e d o perati n g s y s t e m f r o m Pha s e 2 • I n t r o du ct i o n o f a h ig h l y e f f ic i e n t r e m o t e an d s upe r vi s o r y ma n agem e n t m o del that w o rk s e v e n i n a r e as w it h lo w p o p u latio n dens i t y . ● A chie v e me n ts 38 1 sc h o o l s 2,12 0 c l u bs ● S tr a t e gy Bus i n ess m o d el v a li da ti on Est a bl i sh i n g a re v enu e b a se * T his i s mer e l y a na t ion a l pla n and i s n ot n e c e ss a r il y gua r a n t ee d t o be imple me n t e d. T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 34 C o p yr i g h t 202 6 L EI F R A S C O ., L T D .

Imp r ov i ng ope r ati n g p r o fi t ma r g i n | F ac to r s, m e as u r es, a n d fu t u r e o u tlo o k F r om the “ g r owth i n v es tm e n t p ha s e " t o the ” m a r gi n ex p a n s io n p ha s e ” . 2023 2024 2025 2026 2027 2028 2029 Mana g e m ent D e p a r t m e nt S c h oo l Bus i ne s s S o c i a l Bus i ne s s Fro m e x p a nsio n t o incre a s e d p rof i t d e nsity ● I m p r o v in g L T V ( m onthl y m e m b e r s h i p f ee s , e v e n t s , m e r c h a n d i s e s al e s , e t c . ) ● C o s t r edu c ti o n by o pen i ng a sc h oo l i n kind er ga r t en o r s c h o o l f a c ili ties ● I nc r ease nu m b er o f me m be r s per emp l o y ee ( i nc r ease i n c l as s es f o r y o un ger emp l o y ee s ) ● P r oo f o f c o nc ept → Co n ve rt t o ful l c on t r a c t t o incre a s e ● E x pand pe r i ph e r a l r evenues ( i nsur an c e, s y s tem s , et c .) ● R edu c e c o s ts per p r o j e c t th r o ug h ec o n o m i es o f s c ale ● Utiliz e Digi t a l T r a nsfo r m a t i o n ( D X ) / Ar t ifici a l In t e lli g e n c e ( AI) ● Fi x ed m a na gem ent c o s ts ● I m p r o v i ng bu s i ness ef f i c i en c y In c re a s e i n p roj e c t s = conve rsi o n t o p rof i t m ar g in S al e s g rowth = p rof it s s ourc e o f l e v e r a g e Gr o w t h in v e s t ment p ha s e ࣭ C l u b activ i t y de m o n stra ti o n exp e rime n t ࣭ H u m a n r eso u rce i n v estmen t ࣭ IPO/ ma n ageme n t system de v e l op me n t Mar g i n Exp ans i o n Pha s e I n cre a se operati n g pr of i t m a r gi n f o r c l u b activ i ti es (co n v e rs i o n fro m de m o n stra ti on ex pe r i me n t t o fu l l c o n tract) L TV o f schoo l b u s i n ess ࣭ R edu ce pe r so n n el i n a dm i n i stra tiv e dep a r t m e n ts * T his i s mer e l y a na t ion a l pla n and i s n ot n e c e ss a r il y gua r a n t ee d t o be imple me n t e d. T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . 35 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . ࣭ R edu ce f i x ed costs ࣭ U ti li ze D X / A I

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t Ap p en d ix • G r owt h St r ategy Ca pita l All ocation • Refe renc e Materia ls 36 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

• I m p r ov i n g c o r p o ra t e v alu e t o a c h ie ve o u r m issio n a n d so c ia l m issio n of " C h a n g in g a n d D e sig n in g Spor t s" C a pita l A l l oc a tion P u r p o s e A i ms o f t a r g et M & A p olicy Rigor o u s in ves tig a t io n a n d d e li b e r a t io n of c o n si s t e n c y w i t h over a l l st r a t e g y , syn e r g y e ff e c t s , in ves t m e n t r a t io n a li t y , ri sks a n d in t e g r a t io n is s u e s , e t c . Ba s i c P o l i cy P r e v ious ly ac q uir ed ac h i e v e m ent s M & A tr a ck r eco r d W e w i l l p r i o r iti z e p r omoti n g M&A (g r o w t h i n v es t m e nt) a n d a i m t o imp r o v e cor po r a t e va l ue t h r o u gh i n organ i c g r o w t h . P o s t Merg e r I n t e g r a t ion • M &A wit h th e ai m o f s u s tai n abl e b us ine ss e xp an s io n an d s yn e rgy cr e atio n . • A l l com p an i e s acquire d i n th e p a s t ha v e comp l e t e d P M I a s p l an n e d. • Acq u i r e d com p an i e s ha v e ach i e v e d s i gnifican t growt h i n col l aboratio n wit h L e i f ra s . (PM I ) ucces * T his i s mer e l y a pla n and i s n ot n e c e ss a r il y gua r a n t ee d t o be imple me n t e d. Com p a n i es w i t h h i g h p oten t i a l for syner g y f ro m a g lo b a l p ers p ec t i ve, i ncl u d i n g oversea s com p a n i es . 37 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . • Expansio n o f business areas and improvement o f custome r lifetim e valu e (LTV) • Strengthening o f talen t acquisition pipelines and efficient improvement of organizationa l infrastructure • High value - added and efficient services throug h th e us e o f te chnology

IND EX 1. Com p an y Pr o fi l e 2. E x e c uti v e Summa r y 3. Q 1 FY2026 Con s ol i da t ed Financ i a l R e s ults 4. Pr o g r e s s o f th e G r owt h S t r a t e g y 5. Con s ol i da t ed Financ i a l P o s it i on 6. Capital A l lo cation 7. 202 6 Fu l l - Y ear C o n s o l i d a t ed F i nan c ia l Fo r e c a s t Ap p en d ix • G r owt h St r ategy • Ca pita l All ocation Refe renc e Materia ls 38 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

A d j us t ed Inco me f r o m Ope r ati o ns 39 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . U S D fi g u res a re ba s ed on JPY t o U S D ¥ 1 59. 0 8= $ 1 .00 ( a) Re p r e s ent s ac q ui s i t i o n - r e l ated co s t s i ncu rr ed i n co nnec t i o n w i t h o ur ac q ui s i t i o n act i v i t i e s , i nclu d i ng t r an s act i o n - r e l ated c o s t s , l eg a l , financial and t ax d ue d ili g ence ex p en s e s , i nt eg r ati o n co s t s and o t her ac q ui s i t i o n - r e l ated co s t s . The s e co s t s have b een a d d ed b ack f o r no r m a l i z ati o n p u r p o s es as t hey a r e not co n s i d e r ed ref l ect i ve o f o ur co r e o p e r ating p e r f o r m ance. A d j u s t e d i n c o m e from op e rat i ons i s a fi nan c i al m easu re t hat i s not c al c u l at e d i n a c c or d an c e w i th U .S. G e n e ra l l y A cc ep t e d A cc o unt i ng P ri n c i p l es (“ G A A P ”) ( c ol l e c t i ve l y referred to as t h e “ no n - G A A P finan c ial m e asures”) , and the u se of the t er m s ad j ust e d i n c ome fro m operat i ons m ay d i ff er fro m si m i l ar me asures repor t ed by o t her c ompan i es and ma y n ot be c omparable to othe r s i m i larl y t i t l ed me asures.. W e be l ie ve the n on - G A A P finan c ia l me asure prov i d e s i nves t ors w i t h useful i nformat i on w i t h resp e c t to our h i stori c al operat i ons. W e p rese n t the n on - G A A P finan c ia l m easure as supp le me ntal p erforman c e me asures b e c ause w e be l ie ve i t fa c i l i t ates a c omparat ive assessm e nt of our op e r at i ng performan c e re l at i ve to our performan c e based on our r e sul ts un d er G A A P , w h i l e iso l at i ng the eff e c ts of som e i t e m s that vary fro m per i od to per i od. Spe c ifi c al l y , ad j ust e d in c ome fro m operat i ons al l o w s u s to assess our p erforman c e w i t hout the i mp a c t of the sp e c ifi c al l y i d en ti f ie d i t e m s that w e be l ie ve do not d i re c t l y refle c t our c ore operat i ons, i n c lu d i ng no n - re c urr i ng c osts, su c h as l i st i ng - re l ated and transformat i onal ex pen ses , othe r non - re c urr i ng in c ome, su c h as l i t i gat i on - re l ated r e i m burs eme nt. T h e non - G A A P fin an c ia l m easure also fun c t i ons as key performan c e in d i c ator used t o ev aluate o u r op e rat i ng performan c e in t e rnal l y , and i t i s used i n c onne c t i on w i t h the de t er m in at i on of i n c en t iv e c omp e nsat i on fo r managem en t , i n c lu d i ng ex e c ut i ve of fi c ers. F Y 㸰 6 Q1 FY 㸰 5 Q1 ( i n thous a nds of USD ) 964 1,044 Income f r om operations 91 - Plus : acqu i s itio n - r ela t e d cost s ( a) 1 , 055 1,044 Adju s t e d incom e f r om op e rations

S u p p l e m e ntar y mat e rial s o n nationa l p olic y ༃ <So u r c e> J ap an S p o r t s Ag en c y - C l ub A c ti v i t y R ef o r m P o r ta l S i te / New G uidel i nes R ega r d i ng C l ub A c ti v i t y R ef o r m 40 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s . S u mm a r y : O v e r v i ew o f th e Gu i del i n es f o r R e f or m o f Sc h oo l Ex tr a cu rr i cu l a r A ct i v i ti es 1. Ph il o s o p h y o f th e R e for m T h e pr im a r y g o al i s t o e n s u r e that s tu dent s can co n tin u e t o e n jo y s p o r ts an d c u lt ura l activ i ti es i n th e fut u r e , de s pi t e th e ra pidly de c li n in g bi r th ra t e . B y s h i f tin g f r o m s ch o o l - b a s e d activ i ti es t o a commun it y - w id e s u ppo r t s y s t e m , th e r e for m ai m s t o c r ea t e new v alue and m o r e di v e r s e oppo rt u nitie s f or all s tu d e nt s . 2. R e for m T im e li n e FY202 3 – 202 5: R e for m P r o m o tio n P e rio d FY202 6 – 202 8: R e for m I mple me n tat io n P e rio d ( Ph a s e 1) FY202 9 – 203 1: R e for m I mple me n tat io n P e rio d ( Ph a s e 2) K e y T a r get: R e ali z in g th e tr an s itio n o f w ee k e n d/ h o li day activ i ti es t o commun it y - b a s e d cl ub s , i n princip l e , ac r oss all s cho o l s dur in g th e i m pl e m e nt ation p e riod s ta r ting i n FY 2026. 1. K e y P o li c i e s an d Ce r ti f ic atio n S y s t e m W ee k e nd s /Ho li day s : Prio riti z e th e tr an s itio n t o commun ity - b a s e d activ i ti e s . Ce r ti f ic atio n : M u n ic i p alit i e s w il l e s tab li s h a s y s t e m t o c e r ti f y "Ce r ti f i e d Comm u n it y Cl u b A ct iviti e s ." T o be c e r ti f i e d, c l ubs mus t me e t s pe c i f ic r e qu i r e me n ts r e ga r din g activ i ty h o u r s (e .g ., max 3 h o u rs o n h o li day s ), r e s t da y s , an d instr u c t o r qu ali f ic atio n s . B e n e f i ts o f Ce r ti f ic atio n : Ce r ti f i e d c lu bs w il l r e c e i v e p u blic s u ppo r t ( f in a n c i al aid, pr io r it y u s e o f s ch o o l fac il iti e s ) an d s m o o th e r p a r ti ci p atio n i n competitio n s . 2. I mple me n tat io n an d Ad d r e ss in g C h all e n ges Su p p o r t S y s t e m : M u n ic i p alit i e s tak e th e l e ad i n p r o viding r e s o u r c e s , ap p o in t in g co o r din a t o rs, an d c o ll ab o ra tin g w it h pr i v a t e com p an i e s an d u n i v e r s iti e s . Saf e ty an d S ta n da r d s : S tr ic t m e a s u r e s w il l be tak e n t o p r e v e n t m i s co n du ct, inclu din g th e u s e o f " J ap an e s e v e r s io n o f DB S " ( c rim i n al r e co r d che c ks for instr u c t o r s ) an d e n s u rin g s tu dent s af e ty (heat s t r o k e p r e v e n tio n , e t c.).Op e ratio n al C h all e n ge s : F o cus a r e as inclu d e s e curin g instr u c t o r s , f i n din g a c tivity v e nu e s , arr an gin g tr an s p o r tat io n , an d e nsuring inc l us i vity f or s tu d e nt s w it h di sabi l it i e s .

S u p p l e m e n t a r y mat e r ials o n na t ional p olic y ༄ <S our ce> J a pan S por t s A g e n cy - C lu b Activit y Ref o r m P or t a l S it e / Ne w G u idelin e s Rega r din g C lu b Activit y Ref o r m S u mm a r y : P rogr ess S t a tu s o f R eg i o n a l T ra n s i ti o n f o r Ex tr a cu rr i cu l a r A ct i v i ti es ( W e e k e n ds / Ho l i days) 1. O v era l l P rogr ess Si n ce t h e " R e f o rm P r o m o tio n P eri o d " b ega n i n FY 2 023 , t h e tr a n s iti o n o f s ch o o l c l u b activ i ti es t o th e commun it y h as be e n p r o g r e ss in g s t e adil y . B y FY202 6 (th e s ta r t o f th e im ple m e n tat io n period ), i t i s p r o j e c t e d that appr o x i m a t e l y 30 % ( 3 0 .4 % ) o f all c l u b activ i ti es w il l ha v e tr a n s i ti o n ed i n t o com m un i t y - b ase d c l u bs. 2. T re n d s i n th e N u m ber o f C l u b A ct i v i ti es (Spo r t s & A r ts/ C u l tu re C o m bi n ed) FY2 023 (A ct u al ) : 11.2 % t ot al (4.7% r e gion al tran s it i on + 6.5 % r e gion al coop e ratio n ). FY 2026 (P ro j ected): 36 . 6 % to t a l (30. 4% r e gio n al tr an s itio n + 6. 2% r e gio n al co o peratio n ). O b s e r va ti o n: T h e r e i s a s ig n i f ic ant s h i f t t o w a r ds full " r e gio n al tr an s itio n " (be c o mi n g commun it y c l u bs) ra th e r than jus t " r e gio n al co o peratio n " ( s u ch as joi n t s ch o o l t e am s ). 3. N u m ber o f P a r ti c i p a t i n g Mu n i c i p al i ti es T h e numbe r o f loca l go v e r n me n ts plan n in g t o im ple m e n t r e gio n al tr an s itio n s by FY202 6 i s inc r e a s in g s h ar ply : S po r ts : 1,09 7 mu n i c i p al i ti es A r t s & C u l tu re: 646 mu n ic i p alit i e s T h e dat a s h o w s a c l e ar u pwa r d t r e n d, in d ic atin g that the m o v e me n t t o s h i f t s ch o o l activ i ti es t o th e loca l commun it y i s gain in g m o me n tu m n atio n w ide . 41 C o p yr i g h t 202 6 L EI F R A S C O ., L T D . T he r e i s n o gu ar a n t e e th at a n y s pe c if i c o ut c o m e w il l be ac h i e v e d. I n v e s tm e n t s m ay be s pe c u lati v e , ill iq u i d a n d th e r e i s a r i s k o f lo s s . P ast pe r f o r m a n c e i s n o t in d i ca t iv e o f f u tu r e r e s u lt s .

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