#Takashimaya

Takashimaya Company, Limited completed the cancellation of 10,357,400 shares of treasury stock (3.3% of the total issued shares) on February 27, 2026, resulting in a total of 305,208,916 shares issued after cancellation.

Purchase and cancellation of 59,990 million yen in face value of the 2028 maturity Euro Yen convertible bond with stock acquisition rights at 131,358,699,800 yen, scheduled for execution on February 26, 2026.

Recorded an extraordinary loss of 71,285 million yen and revised the net income attributable to owners of parent forecast for the fiscal year ending February 2026 from 13,000 million yen to -10,500 million yen.

Takashimaya Company, Limited resolved to cancel 10,357,400 shares (3.3% of the total issued shares) of treasury stock on February 27, 2026. The cancellation is based on the treasury stock acquired in June 2025, reflecting the status of convertible bonds repurchase.

Takashimaya Company, Limited resolved to transition from a company with a board of auditors to a company with an audit and supervisory committee, conditional upon approval at the Annual General Meeting of Shareholders in May 2026.

January 2026 sales increased by 5.5% year-over-year. Existing department store locations achieved a 6.7% increase in in-store sales, while duty-free sales declined by 18.9%. Domestic customers showed steady demand for winter apparel and food products, whereas inbound demand decreased.

Takashimaya's sales in December 2025 increased by 3.4% YoY, with in-store sales up 4.1% and duty-free sales down 11.1%. Domestic customers showed steady demand for winter apparel, sundries, and food products, while inbound demand declined.

The repurchase application period for the Euro Yen Convertible Bond with Stock Acquisition Rights due 2028 has been extended from January 15, 2026 to January 29, 2026, and the repurchase and cancellation implementation date has been changed from February 20, 2026 to February 26, 2026.

In Q3 of the fiscal year ending February 2026, each segment progressed as planned. The financial services sector showed remarkable growth, and the company announced a policy to enhance shareholder returns through CB repurchase and cancellation.

The purchase price of the 2028 maturity Euro Yen Convertible Bond with Stock Acquisition Rights was updated to Bloomberg ask price of 161.148% as of January 6, 2026, and a partial update was announced regarding the suspension of treasury stock cancellation.

For the third quarter of the fiscal year ending February 2026, consolidated operating revenue was ¥353,821 million (2.2% decrease YoY), operating income was ¥37,267 million (10.3% decrease YoY), and net income attributable to owners of parent for the quarter was ¥29,722 million (14.0% increase YoY).

For the cumulative Q3 of the fiscal year ending February 2026, total operating revenue was 744.2 billion yen (YoY △1.3%), operating income was 37.3 billion yen (YoY △4.3 billion yen), business profit was 40.0 billion yen (YoY △5.0 billion yen), and net income was 29.7 billion yen (YoY +3.6 billion yen).