#EarningsSupplement

For the third quarter of fiscal 2025, in-force policies stood at JPY 103,562 million (YoY 103.5%), new policies at JPY 11,351 million (YoY 125.1%), and ordinary income posted a deficit of JPY 5,133 million.

For the cumulative Q3 period of the fiscal year ending March 2026, sales amounted to 40.6 billion yen (up 18% YoY), operating income was 4.6 billion yen (up 10% YoY), and net income was 3.0 billion yen (up 7% YoY). However, the full-year earnings guidance was revised downward due to worsening logistics efficiency and rising raw tea leaf costs.

For the third quarter of the fiscal year ending March 2026, consolidated net sales were 40.6 billion yen (Year-over-Year +4.0%), and consolidated operating income was 5.99 billion yen (Year-over-Year -12.1%). The full-year earnings forecast was revised, with dividends maintained at 50 yen per share.

Consolidated net sales for the third quarter of FY2026 were 171,130 million yen, up 1.2% year-over-year (YoY). Operating income was 3,612 million yen, down 53.9% YoY, and quarterly net income attributable to owners of the parent was 9,862 million yen, nearly flat with a 0.1% increase YoY.

Net sales for Q3 FY2026 were 130 billion yen (23.7% YoY increase), EBITDA was 15.2 billion yen (19.0% YoY increase), and net income attributable to owners of parent for the quarter was 29.9 billion yen (278.4% YoY increase).

Net sales reached 12.32 billion yen (YoY +46.3%), and operating income was 2.36 billion yen (YoY +36.1%), maintaining high growth. Rizol was made a subsidiary, with consolidation starting from 4Q.

For the third quarter of the fiscal year ending February 2026, consolidated operating revenue was 7,749,403 million yen (YoY +3.7%), operating income was 144,737 million yen (YoY +23.1%), and net income attributable to owners of parent was 127,112 million yen (YoY +24.5%).