Consolidated Financial Results for the Fiscal Year Ending April 2026 (Japanese GAAP)

Summary of Performance

Sales for the fiscal year ending April 2026 declined year-on-year across all three businesses; however, operating income, ordinary income, and net income for the period exceeded the prior year due to improvements in gross margin for Photo Books and the elimination of inventory write-downs in the Air Display business. Funeral services faced lower revenue and profit due to a decrease in funeral cases; Photo Books is expected to decline due to higher costs but rebound on gross margin improvements. Air Display involves investment but reduces loss width through fixed cost reductions and expanded license revenue. For next year, a plan for higher sales and profits is in place. A dividend of 7.00 yen is expected to be maintained.

Medium-term Outlook and Growth Initiatives

The medium-term plan targets improved profitability for all three businesses. Photo Books will benefit from new product launches, price increases, expansion of BPO-type services, and cost control at the Tokyo base. Funeral services aim for higher revenue and profit through the spread of Funeral DX tsunagoo and new services. Air Display will strengthen active technology development, expand license revenues, and reduce fixed costs. The plan is to partially relieve cost pressures associated with the business integration and to budget the consolidation of three offices without front-loading costs.