Fiscal Year Ending March 2026 Q3 Financial Summary [Japan GAAP] (Consolidated)

Overview of Results

For the cumulative consolidated period Q3 of fiscal year ending March 2026 (April 1, 2025 - December 31, 2025), net sales amounted to JPY 39,954 million (up 3.2% YoY), operating income to JPY 1,414 million (up 55.1% YoY), ordinary income to JPY 1,452 million (up 52.4% YoY), and quarterly net income attributable to owners of parent to JPY 895 million (up 77.4% YoY). Encouraged by a recovery trend in the food service industry, efforts to strengthen the Shabu-shabu and Japanese Cuisine 'Kisoji' segment and utilization of customer management methods in the Yakiniku segment contributed to increased customer visits and improved average spend per customer. On the cost front, reviews of purchasing and procurement, proper management of labor costs, and expense reductions were undertaken.

Overview of Financial Position

Total assets amounted to JPY 47,738 million (increased by JPY 956 million from previous consolidated fiscal year-end), net assets to JPY 30,378 million (increased by JPY 37 million), and equity ratio was 63.6% (down from 64.9%). The increases were mainly due to seasonal increases in accounts receivable and tangible fixed assets, while cash and deposits declined. Net assets per share were JPY 1,078.78.

Segment Net Sales

The Kisoji segment reported net sales of JPY 31,606 million (up 3.8% YoY), the Yakiniku segment JPY 5,925 million (up 0.1% YoY), and other segments JPY 882 million (up 8.3% YoY). The Kisoji segment improved customer satisfaction through store renovations and enhanced seasonal menus, while the Yakiniku segment secured high-spending demand by leveraging customer management techniques.

Dividend Status

For the fiscal year ending March 2026, an annual dividend of JPY 30 is planned, down from JPY 45 in the previous year. A second-quarter-end dividend of JPY 15 is scheduled. There have been no revisions to the most recent dividend forecast.

Earnings Forecast Revision

The full-year consolidated earnings forecast for fiscal year ending March 2026 projects net sales of JPY 54,000 million (up 1.4% YoY), operating income of JPY 3,000 million (up 10.8% YoY), ordinary income of JPY 3,030 million (up 10.0% YoY), and net income attributable to owners of parent of JPY 2,040 million (down 35.6% YoY). There are no revisions to the most recently published forecast.