Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative third quarter of the fiscal year ending March 2026, net sales were ¥123,638 million (9.4% YoY increase), operating income was ¥8,764 million (9.1% YoY increase), ordinary income was ¥8,922 million (1.7% YoY increase), and net income attributable to owners of parent was ¥6,696 million (32.2% YoY increase). The gross profit margin improved by 0.4 points YoY to 53.4%. Selling, general and administrative expenses increased by 10.5% YoY due to higher advertising expenses and labor costs; however, operating income increased due to higher net sales. The significant increase in net income was influenced by recording deferred tax assets related to the loss on transfer following the execution of an agreement to transfer all shares of consolidated subsidiary Cohen Ltd.

Future Outlook and Dividends

The full-year consolidated earnings forecast for the fiscal year ending March 2026 projects net sales of ¥165,677 million (9.8% YoY increase), operating income of ¥9,000 million (12.7% YoY increase), ordinary income of ¥9,034 million (5.8% YoY increase), and net income attributable to owners of parent of ¥5,084 million (18.7% YoY increase). The dividend forecast is an annual dividend of ¥74 (previous period ¥63), with a year-end dividend of ¥54 planned. The impact of the subsidiary share transfer is currently under review and there are no changes to the full-year earnings forecast at this time.