Fiscal Year Ending November 2026 – 3rd Quarter Financial Summary [Japanese GAAP] (Non-consolidated) (Flash Report)

Summary of Performance

For the nine-month cumulative period of this fiscal year, revenue increased to 2,613,243 thousand yen (up 12.2% YoY). However, gross profit margin declined due to a weaker yen, higher costs, and discount sales of stagnant inventory. Operating loss was 68 million yen, ordinary loss was 58 million yen, and quarterly net loss was 86 million yen, showing a narrowing of deficits. An extraordinary loss of 14 million yen was recorded for costs related to an extraordinary shareholders meeting classified as public expenses. Full-year forecasts are revised to revenue of 3,502,000 thousand yen, operating loss of 75 million yen, ordinary loss of 63 million yen, and net loss attributable to owners of parent of 130 million yen. By segment, the Fishing business recorded revenue of 816,000 thousand yen, the Outdoor business 1,783,000 thousand yen, and Other includes real estate leasing.

Outlook and Impact

The full-year earnings forecast includes expected initial costs and expenses associated with the start of e-commerce sales in China, and there is expected divergence from the full-year plan for the fiscal year ending November 2026. Costs related to establishing a Chinese subsidiary and entering new markets may affect future performance. Final results will be influenced by external factors such as global economic conditions, raw material costs, and exchange rate trends, so continued monitoring is required.