Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales were 40,672 million yen (17.7% YoY increase), operating income was 4,622 million yen (9.7% YoY increase), ordinary income was 4,532 million yen (8.0% YoY increase), and net income attributable to owners of parent was 3,080 million yen (6.7% YoY increase). These results were primarily driven by production capacity expansion and securing sales destinations through M&A, profitability improvements through in-house bottle manufacturing, and initiatives towards EC/D2C models. On the other hand, challenges such as rising raw material prices and increased logistics costs remain.

Financial Position and Outlook

At the end of the third quarter of the fiscal year ending March 2026, total assets were 40,156 million yen, net assets were 16,007 million yen, and equity ratio was 39.9%. Increases were observed in both current and fixed assets, as well as in short-term and long-term borrowings. The full-year earnings forecast is steady with net sales projected at 52,200 million yen (0.4% increase from previous forecast), but operating income, ordinary income, and net income are expected to decrease by 20%, 20%, and 22%, respectively. Logistics costs and rising prices of raw tea leaves are anticipated to impact profits. There is no change in the dividend forecast.