Fiscal Year Ending March 2027 — Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

The Group posted net sales of 56,094 million yen, up 0.9% year-over-year, driven by expansion of directly managed stores and the company-operated EC. However, operating income declined to 4,756 million yen, down -31.7%, affected by weather-related factors, a slowdown in inbound demand, and inventory adjustments. Although equity-method investment income increased, higher selling, general and administrative expenses had an adverse impact. Interim ordinary income was 7,691 million yen and interim net income attributable to owners of parent was 5,510 million yen, both lower than the prior year.

Outlook and Dividend

Full-year forecasts have been revised: net sales are projected at 141,500 million yen (down 2.7% from previous forecast), operating income at 23,800 million yen (down 8.8%), ordinary income at 32,500 million yen (down 4.7%), and net income attributable to owners of parent at 24,300 million yen (down 5.1%). The dividend forecast remains unchanged at 70 yen per annum. The company aims to recover in the second half through year-end inventory reductions and expense reviews.