• Positive momentum remains – Q1–3 FY12/25 results outperformed expectations. Membership in the core matchmaking business continued to grow steadily. The Life Design segment also delivered significant growth, driven by solid performance in the photo, insurance, and wedding businesses, as well as the positive contribution from GROWBING, which was newly consolidated. Organic growth continued to be a major driver of the group’s overall performance. Meanwhile, IBJ announced a TOB for DE & Co. and the acquisition of GROWBING, signalling an acceleration of its M&A activities. The company has a solid track record in post-acquisition integration, and the effective deployment of these management capabilities suggests that the group is evolving into a more robust and diversified business portfolio over the medium to long term.
