LY Corporation

Kore yori,

We will now begin the LY Corporation financial results briefing for the second quarter of fiscal year 2025. Thank you very much for joining us today. We will be referring to the financial results presentation available on the LY Corporation website during today's session. We kindly ask you to follow along with the material. Joining us today from LY Corporation are Mr. Takeshi Idezawa, President and CEO, Mr. Ryosuke Sakaue, Executive Corporate Officer, CFO, Mr. Yuki Ikehata, Executive Corporate Officer, Corporate Business Domain Lead, Mr. Makoto Hide, Executive Corporate Officer, Commerce Domain Lead. Mr. Hiroshi Kataoka, Executive Corporate Officer, Media and Search Domain Lead. First, Mr. Itazawa will provide an overview of our financial results for the second quarter of fiscal year 2025. Following his presentation, we will hold a Q&A session. The entire briefing is scheduled to take approximately one hour. We will be live streaming this session. If there is any distortion or inconvenience in the video or audio, please try alternate server link. This is Idezawa of Elvai Corporation. First, before explaining our financial results, I would like to comment on the system failure caused by a ransomware attack that occurred at our group company, ASCO Corporation, on October 19, and the partial leakage of information held by the company. We sincerely apologize for the significant concern and inconvenience caused to our customers who use our services as well as to our business partners. The details regarding the damage, potential information leakage, and recovery status have already been communicated by ASCO. The company is continuing to work closely with external experts, prioritizing a safe and prompt restoration of systems, while investigating the cause and confirming the scope of impact, including any personal data. LI Corporation is fully cooperating with all recovery and investigation efforts. As the parent company, we take this matter seriously and are committed to restoring the situation and preventing recurrence. and strengthen the information security framework across the entire group now let me explain our second quarter financial results please turn to the next page first here is an overview of the second quarter results consolidated revenue was 505.7 billion yen up 9.4 percent y and y consolidated adjusted ebitda grew 11.3 percent y and y to 125.4 billion yen showing solid profit growth Additionally, progress in AI agentization and the expansion of line official accounts and mini-apps are progressing smoothly. Preparations for the line renewal are also steadily progressing. Home cab refresh scheduled within the year. We will now proceed with the explanations in the order of the agenda you see here. First, the consolidated company-wide results.

Next page, please. These are the results for the second quarter.