Fiscal Year Ending February 2027 Q2 (Interim) Financial Summary

Overview of Performance

For the six months ended February 2027, consolidated revenue was 1,830,955 thousand yen (up 2.4% year-on-year). However, operating income decreased to 183,986 thousand yen (down 15.2% YoY), ordinary income decreased to 213,361 thousand yen (down 10.9% YoY), and net income attributable to owners of parent for the interim period decreased to 157,081 thousand yen (down 15.9% YoY). By segment, real estate leasing remained relatively stable, cafeteria and food services experienced profit compression due to higher raw material costs, and retail stores performed well supported by increased tourism. As of the period end, total assets were 23,987,240 thousand yen and the equity ratio was 47.1%, with little change in equity. Cash flows show an increase in operating activities of 232,302 thousand yen, while investing activities and financing activities recorded outflows of -99,809 thousand yen and -61,089 thousand yen respectively.

Outlook and Dividends

No revisions to earnings forecasts were made at the interim results; the full-year outlook remains as disclosed on April 13, 2024. There is no clear change to the dividend policy in this summary, and the actual or forecast year-end dividend is TBD. In summary, revenue maintains moderate growth, but rising cost factors are pressuring profits.