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

Overview of Business Performance

In the consolidated cumulative third quarter period of the fiscal year ending February 2026, net sales amounted to JPY 76,985 million (up 91.8% YoY), operating income was JPY 6,133 million (up 37.5% YoY), and ordinary income was JPY 5,402 million (up 31.4% YoY). Net income attributable to owners of the parent for the quarter was JPY 3,097 million (down 6.0% YoY), with the decrease attributable to adjustments related to corporate taxes. The core Space Regeneration Distribution Business performed well due to a recovery in face-to-face communication demand, and the Hotel and Lodging Training Business achieved record-high sales driven by new store openings and increased inbound demand.

Segment Performance and Corporate Integration

By segment, the Space Regeneration Distribution Business posted net sales of JPY 39,358 million (up 24.9% YoY) and segment profit of JPY 5,980 million (up 32.0% YoY). The Lirikara Business recorded net sales of JPY 23,609 million (down 4.6% YoY) with segment profit of JPY 278 million. The Novarese and Escre Business reported net sales of JPY 14,210 million and a segment loss of JPY 107 million. In November 2025, Escre Corporation became a consolidated subsidiary, with an absorption merger between Novarese and Escre planned for April 1, 2026, aiming to strengthen the management base and improve profitability.