Financial Summary for Q3 of Fiscal Year Ending February 2026 [Japanese GAAP] (Consolidated)

Overview

For the cumulative Q3 period of the fiscal year ending February 2026, net sales amounted to 227.372 billion yen (Year-over-Year 3.3% increase), operating income was 13.893 billion yen (5.9% decrease YoY), ordinary income came to 13.912 billion yen (7.0% decrease YoY), and net income attributable to owners of parent for the quarter was 9.557 billion yen (3.5% decrease YoY). Despite impacts from domestic and international economic conditions, the company continues to promote its platform strategy and multi-brand strategy.

Key Points

Domestic employment and income conditions remained firm; however, yen depreciation, labor shortages, and soaring raw material and energy prices prolonged inflation, posing downside risks to consumption. Overseas operations faced lingering effects from the real estate recession in mainland China, but multi-brand strategies in Hong Kong and Taiwan and business expansion in Southeast Asia progressed. Foreign exchange losses and impairment losses on stores were recorded as special losses.

Outlook

The consolidated earnings forecast for the full fiscal year ending February 2026 projects net sales of 305 billion yen (4.1% increase YoY), operating income of 19 billion yen (22.5% increase YoY), ordinary income of 19 billion yen (19.0% increase YoY), and net income attributable to owners of parent of 12.4 billion yen (29.0% increase YoY). The company will continue strengthening platforms, expanding globally, and promoting brand retail under the Medium-Term Management Plan 2030.