Operating Profit More Than 2.4x Year-on-Year, "Tei-Two" Rapidly Growing in Trading Card and Game Reuse, Envalith Initiates Research Coverage | Next-Generation Stock Research "ENVALITH"

Envalith Inc. (Headquarters: Shibuya-ku, Tokyo; Representative Director and President: Koichi Kawai; hereinafter referred to as "the Company"), which operates a next-generation stock research platform, today distributed the full-year earnings preview report for February 2026 for Tei-Two Co., Ltd. (Headquarters: Toyohama-cho, Minami-ku, Okayama City, Okayama Prefecture; Representative Director and President: Katsuji Fujiwara; Securities Code: 7610).

Click here for the earnings preview

Next-Generation Stock Research "ENVALITH"

ENVALITH is a next-generation stock research platform that delivers the corporate value of listed companies to institutional and individual investors both domestically and internationally in three languages: Japanese, English, and Chinese.

- **Flash Reports Immediately After Earnings Announcements:** We conduct multi-faceted analysis immediately after earnings announcements and investor briefings, and disseminate objective and neutral research and analysis from our independent perspective to the world in Japanese, English, and Chinese. - **Global and Direct Distribution Network:** We provide multi-faceted distribution globally through terminals for global financial institutions such as Bloomberg, FactSet, Factiva, and AlphaSense, and domestically through Kabutan, IFIS, QUICK, and even social media.

https://www.envalith.com

Comment from Koichi Kawai, Representative Director and President, Head of Global Investment Research Division

We are very pleased to initiate research coverage for Tei-Two, which has built a unique position as an entertainment-focused reuse chain centered on trading cards, games, and hobbies since its establishment in 1989. The company is currently showing a strong recovery, with a cumulative operating profit for the third quarter up 144.1% year-on-year, driven by the high growth of used trading cards (cumulative +25.7% in 3Q) and the rapid increase in new game sales due to the effect of new game hardware (cumulative +43.9% in 3Q). In this fiscal year's earnings, we will conduct a multi-faceted analysis from an analyst's perspective on the full-year closing of this high progress and the recovery trend of new store investment. Envalith will contribute to the revitalization of Japan's capital market by delivering the value of such growth-phase companies to global investors in Japanese, English, and Chinese.

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