Notice of Revision to Earnings Guidance and Dividend Forecast (Dividend Increase)

Overview of Performance

We have revised our full-year earnings guidance for the fiscal year ending March 2027, raising net sales to 21,600 hundred million yen, operating income to 1,700 million yen, ordinary income to 1,710 million yen, net income attributable to owners of parent to 986 million yen, and earnings per share to 92.65 yen. All indicators have improved compared with the previous forecast. The upward revisions were driven by the addition of five new stores during the cumulative second-quarter period, bringing the store network to 18 stores, and contributions from new product rollouts through our company-owned EC and brick-and-mortar OMO initiatives. Cost-of-goods control via foreign exchange forward contracts and improvements in product competitiveness and brand value from the OMO strategy also contributed.

Dividend Policy and Specific Dividend

The dividend forecast has also been revised; both the year-end dividend and the annual dividend are set at 20 yen. The recent dividend policy is to target either a 20% payout ratio or a DOE of 2.0%, whichever results in a larger amount, with the aim of balancing retained earnings and funds for future investments while enhancing corporate value.