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

Performance Overview

For the first quarter of the fiscal year ending December 2026, consolidated results were net sales of 8,241 million yen (up 13.1% YoY), operating income of 1,031 million yen (up 93.5% YoY), ordinary income of 1,037 million yen (up 87.6% YoY), and net income attributable to owners of parent of 693 million yen (up 85.9% YoY). The primary steak and hamburger business brand 'Bronco Billy' executed effective initiatives that successfully gained customer support. The tonkatsu brand 'Katsu Masa' also achieved improved profitability through a product lineup refresh and renovation effects. The total number of stores was 162 as of the end of March 2026.

Financial Position and Future Outlook

Total assets were 27,108 million yen (an increase of 393 million yen from the previous fiscal year-end), total liabilities were 4,910 million yen (a decrease of 96 million yen), and total net assets were 22,270 million yen (an increase of 489 million yen), resulting in an equity ratio of 81.7%. There is no change to the dividend forecast, and the consolidated full-year earnings guidance remains unchanged. The impact on results from the April 2026 acquisition of subsidiary Asahi Meat Co., Ltd. is expected to be minor and is currently under detailed review.