#HeiwadoCoLtd

For the fiscal year ending February 2026, consolidated operating revenue was 456.0 billion yen (2.5% increase YoY), operating income was 13.31 billion yen (0.4% decrease YoY), and net income attributable to owners of parent was 9.49 billion yen (12.3% decrease YoY).

Targets operating revenue of over 500 billion yen by 2030, operating profit margin above 4.5%, and ROE of 8%, while promoting enhanced shareholder returns and cost structure reforms aiming for a PBR exceeding 1.

Heiwado Co., Ltd. will absorb its consolidated subsidiary, Fukui Nanbu Commercial Development Co., Ltd., effective August 21, 2026, aiming to strengthen sales capabilities and improve management efficiency. The merger will be a simplified merger with no stock allocation.