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We would like to sincerely thank our shareholders and investors for their continued support and patronage.

With the management philosophy of "Always be a company contributing to society by offering financial services," the JIA Group is striving to enhance its corporate value, focusing on its four main businesses (Operating Lease Business, Real Estate Business, Renewable Energy Business, and Private Equity Investment Business).

In 2025, we achieved record-high profits, marking a strong performance that exceeded forecasts for the second year of our three-year medium-term plan. Our mainstay Operating Lease Business drove overall growth, fueled by recovering lease demand from airlines post-pandemic and robust demand for Japanese Operating Lease (JOL) products among small and medium-sized enterprises across Japan.
Conversely, due to delays in developing our next core business, we have revised our 2026 earnings forecast downward from the initial targets for the final year of the plan.

We position 2026 as a pivotal year for developing our next core business segments. By leveraging our real estate, renewable energy, and private equity business segments, we will strengthen the partnerships fostered to date and establish a robust foundation for sustainable, long-term growth.
To achieve this, we have identified the following three priority strategies:
(1) Diversifying the operating lease business
(2) Restructuring the real estate business
(3) Enhancing the business portfolio
Through these initiatives, we aim to enhance both customer satisfaction and corporate value, solidifying our position as a comprehensive financial solution provider.

Furthermore, the JIA Group is actively committed to regional revitalization and the restoration of traditional Japanese culture, contributing to a more vibrant and sustainable society.
In collaboration with local governments and regional banks across Japan, we are spearheading initiatives to reinvigorate local economies. Key projects include the renovation of luxury ryokans in Unzen, Nagasaki, and traditional machiya (townhouses) in Kyoto. We are also engaged in unique efforts such as sheep farming at solar power sites and managing funds dedicated to supporting multiple sake breweries.
We would appreciate your continued support and guidance.

Japan Investment Adviser Co., Ltd.

President and CEO   Naoto Shiraiwa