Reference Materials for Q1 Financial Results for the Fiscal Year Ending December 2026

Overview of Financial Results

In Q1 of the fiscal year ending December 2026, net sales were 8,241 million yen (YoY +13.1%), operating income was 1,031 million yen (YoY +93.5%), and net income was 693 million yen (YoY +85.9%), achieving substantial year-over-year growth in revenue and profits. The gross profit margin improved from 65.7% in the same period last year to 67.6%, and the SG&A expense ratio decreased from 58.4% to 55.1%, enhancing profitability. Within SG&A expenses, while personnel expenses increased, promotional and advertising expenses decreased, indicating progress in cost control.

Earnings Forecast and Store Expansion

For the full year, the earnings forecast anticipates net sales of 33,000 million yen (YoY +9.2%), operating income of 3,000 million yen (YoY +2.4%), and net income of 2,000 million yen (YoY +1.5%). The number of stores is planned to increase by 9 from 161 stores at the end of 2025 to 170 stores at the end of 2026, with openings scheduled in the Tokai, Kanto, Kansai, and Kyushu regions. Growth in existing store sales and new store openings are expected to drive business expansion.