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

Overview of Financial Performance

For the cumulative consolidated period of the third quarter of the fiscal year ending March 2026, net sales amounted to 99,472 million yen (2.7% increase YoY) and operating income was 18,717 million yen (10.5% increase YoY). The gross profit margin improved to 53.5% (up 1.5 points YoY), supported by appropriate cost design at the procurement stage and selective price revisions. Meanwhile, net income attributable to owners of parent was 15,251 million yen (13.8% decrease YoY), influenced by a decrease in investment income from affiliates accounted for by the equity method. Selling, general and administrative expenses were 34,493 million yen (3.1% increase YoY), driven by increased advertising expenses and lease fees.

Financial Position and Outlook

At the end of the third quarter, total assets were 165,710 million yen (increase of 14,832 million yen from the previous fiscal year-end) and net assets were 119,320 million yen (increase of 8,117 million yen). The equity ratio declined to 71.6%. A stock split was conducted on October 1, 2025, at a ratio of three shares for one ordinary share, with per-share indicators adjusted accordingly. There is no change in the dividend forecast, with the interim dividend set at 87 yen (including 10 yen commemorative dividend for the 75th anniversary). The full-year earnings forecast remains unchanged, and the company will continue to monitor market conditions and performance trends, making revisions as necessary.