Fiscal Year Ending February 2026 Financial Results Briefing Materials

Overview of Results

Consolidated results for the fiscal year ending February 2026 showed operating revenue of 1,715.3 billion yen (YoY +5.7%), marking a fifth consecutive period of record highs. Operating income reached 270.4 billion yen (YoY +13.8%), the highest in two years, and net income attributable to owners of parent surged to 72.6 billion yen (YoY +167.5%). Segment-wise, the Health & Wellness business, Developer business, and Services & Specialty Stores business led significant profit increases. Expansion of private brand (PB) sales and efficiency improvements through store DX progressed, with the GMS business also achieving double-digit profit growth. One-time cost increases from business structural reforms were absorbed by step acquisition gains related to the consolidation of Tsuruha HD.

Outlook and Dividend

For fiscal year 2026, operating revenue is expected to be 1,200.0 billion yen (YoY +12.0%) and operating income 340.0 billion yen (YoY +25.7%), aiming for substantial profit growth centered on profit expansion in the Developer, Health & Wellness, and Services & Specialty Stores businesses. Capital investment plans amount to approximately 580.0 billion yen, emphasizing expansion of the Vietnam business, supply chain management, and DX promotion. The dividend is planned at 15 yen annually (interim and year-end dividend: regular dividend 7 yen + commemorative dividend 0.5 yen), reflecting an increase equivalent to 4 yen from the previous year on a basis excluding the stock split effective September 1, 2025.