First Quarter Financial Summary (IFRS) for the 2027 Fiscal Year (Consolidated)

Overview of Performance

The first quarter of the 2027 fiscal year saw consolidated net sales revenue decline by 3.9% year-on-year due to a pullback in orders in the developer business, while profits in the department store, shopping center, payments, and financial sectors tracked upward. Total net sales were 317,574 million yen, operating income 14,114 million yen, and operating income 14,122 million yen. Net income attributable to owners of the parent declined 7.5% year-on-year to 9,697 million yen. For the current year, the Group will continue its reforms and business strategy, and plans to conduct a share buyback totaling 10 billion yen.

Outlook and Initiatives

As part of the mid-term management plan (FY2024–FY2026) the focus will be on strengthening the retail business, evolving group synergies, and reinforcing the group management foundation. Initiatives include opening HAERA, major refurbishments, strengthening operations in the high-net-worth segment, and expanding the overseas customer base. In the payments and financial sectors, the aim is to expand profitability through member acquisition and increased transaction volume. There is no change to the full-year forecast, and the share buyback is a notable item.