Reference Materials for the Fiscal Year Ending December 2025 Financial Results

Overview of Financial Performance

The consolidated results for the fiscal year ending December 2025 posted net sales of 30,219 million yen (YoY +13.5%), operating income of 2,930 million yen (YoY +15.8%), ordinary income of 3,025 million yen (YoY +16.4%), and net income attributable to owners of parent of 1,969 million yen (YoY +14.8%), achieving both revenue and profit growth. The gross profit margin stood at 67.2%, slightly down from the previous year; however, selling, general and administrative expenses (SG&A) were controlled, resulting in an operating margin of 9.7%, exceeding the prior year. Within SG&A, personnel costs and sales promotion expenses increased, but efficient cost management progressed.

Earnings Guidance and Future Outlook

The earnings forecast for the fiscal year ending December 2026 anticipates net sales of 33,000 million yen (YoY +9.2%), operating income of 3,000 million yen (YoY +2.4%), ordinary income of 3,050 million yen (YoY +0.8%), and net income attributable to owners of parent of 2,000 million yen (YoY +1.5%). The store opening and closing plan includes nine new store openings annually, expanding the total stores to 170. While net sales are expected to continue steady growth, profit forecasts consider increased SG&A expenses but aim to maintain operating income.