#Matsuya

For the third quarter of the fiscal year ending February 2026, consolidated net sales were JPY 338.15 billion (down 6.3% YoY), operating income was JPY 1.825 billion (down 48.8% YoY), and net income attributable to owners of parent was JPY 596 million (down 71.2% YoY).

Sales at the Ginza store in December 2025 decreased approximately 10% year-over-year. The decline was mainly due to reduced duty-free sales, but domestic customers' sales of women's apparel rose about 8%, resulting in an overall increase of approximately 2%.

Completed acquisition of all 10,000 shares of Matsufuji Co., Ltd., making it a subsidiary. Goodwill estimated at approximately 7.6 billion yen, with an amortization period of 10 years. Effective January 5, 2026.

December 2025 sales at the Ginza store decreased by approximately 10% year-over-year, with duty-free sales declining from the previous year's record high. Meanwhile, women's apparel sales to domestic customers increased by about 8%, resulting in an overall increase of approximately 2%.

The consolidated full-year earnings guidance for the fiscal year ending February 2026 has been revised to net sales of 193,000 million yen, operating income of 9,300 million yen, and net income attributable to owners of parent of 6,150 million yen; the individual earnings forecast has been withdrawn.