#HeiwaCorporation

Consolidated subsidiary Pacific Golf Management Co., Ltd. acquires all 200 shares of Kitakyushu Golf Co., Ltd., making it a grandchild company. Acquisition price is less than 2% of consolidated net assets. Scheduled acquisition date is 2026-06-01.

For the third quarter of the fiscal year ending March 2026, consolidated net sales were 206,554 million yen (73.9% YoY increase), operating income was 42,916 million yen (49.2% YoY increase), and net income attributable to owners of parent was 17,056 million yen (17.1% YoY decrease).

The consolidated earnings forecast for the fiscal year ending March 2026 has been downwardly revised to net sales of 257.8 billion yen, operating income of 42.5 billion yen, and net income attributable to owners of parent of 7.9 billion yen. A reversal of deferred tax assets amounting to 4.051 billion yen has been recorded.

For shareholders recorded as of March 31, 2026, shareholders holding 2 trading units (200 shares) or more will receive an additional shareholder benefit of two "Cool Cart Free Tickets" and two "PGM Hotel Resort Okinawa Accommodation Discount Vouchers."