First Quarter Consolidated Financial Results for the Fiscal Year Ending March 2027 [Japan GAAP] (Consolidated)

Overview of earnings

For the first quarter cumulative period, consolidated sales were 6,411,114 thousand yen, down 2.3% YoY. However, gross profit was 5,184,720 thousand yen, up 6.6% from the previous period; operating income was 1,038,235 thousand yen (+0.2%), and ordinary income was 1,015,539 thousand yen (+2.7%), reflecting a stable trend. Net income attributable to owners of the parent was 571,405 thousand yen (-14.1%) year over year. Excluding non-controlling interests, figures include effects from outside the group’s investments; classifications are shown accordingly.

Financial position and outlook

Total assets are 33,800,496 thousand yen, net assets 23,891,903 thousand yen, with a equity ratio of 58.3%. Cash and cash equivalents amount to 9,880,590 thousand yen. The financial summary states no revision to full-year guidance, and notes that forecasting through the second quarter cumulative is difficult. The stake related to Yamada Income Fund, L.P. is 18.5%, with a expected decline in future stake. However, profits and losses of the fund are consolidated, and the portion distributable to non-controlling interests is excluded through accounting treatment.