Financial Summary for the Third Quarter of Fiscal Year Ending February 2026 (Japanese GAAP) (Consolidated)

Overview of Business Performance

For the cumulative consolidated period of the third quarter of the fiscal year ending February 2026, net sales were JPY 174.7 billion (16.5% Year-over-Year increase), operating income was JPY 9.53 billion (11.3% increase), ordinary income was JPY 9.43 billion (11.2% increase), and net income attributable to owners of the parent for the quarter was JPY 7.64 billion (32.1% increase). Domestic operations recorded growth in both sales and profits driven by strong performance of strategically strengthened brands. Overseas operations also improved revenue and profit due to growth in European wholesale and e-commerce, as well as increased production orders from Asia. EBITDA was JPY 13.59 billion, a 10.2% increase Year-over-Year.

Financial Position and Dividend Status

Total assets amounted to JPY 189.3 billion, an increase of approximately JPY 10.05 billion from the end of the previous consolidated fiscal year; liabilities were JPY 103.28 billion, an increase of JPY 8.35 billion; and net assets were JPY 85.99 billion, an increase of JPY 0.17 billion. The equity ratio was 45.4%. The annual dividend forecast for the fiscal year ending February 2026 was raised to JPY 30 (up from JPY 26 in the prior fiscal year), with quarterly dividends planned at JPY 14 for the second quarter and JPY 16 for the fourth quarter.