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

Performance Overview

For the fiscal year ending February 2026, consolidated results showed net sales of JPY 304,351 million (3.8% increase YoY), operating income of JPY 16,524 million (6.5% increase YoY), and ordinary income of JPY 16,827 million (5.4% increase YoY). Net income attributable to owners of parent was JPY 9,498 million (1.2% decrease YoY) due to the recording of extraordinary losses. Domestically, the apparel and miscellaneous goods segment performed steadily, supported by brand expansion through M&A and growth in members of the in-house e-commerce platform "and ST." Overseas sales increased in Mainland China and Taiwan, while the withdrawal from the U.S. business led to a slight decline in total overseas revenue. The food service business achieved revenue growth supported by strong existing stores despite rising raw material costs.

Outlook and Dividend Policy

For the fiscal year ending February 2027, consolidated earnings are forecasted at net sales of JPY 314,000 million (3.2% increase YoY), operating income of JPY 17,200 million (4.1% increase YoY), and net income attributable to owners of parent of JPY 10,500 million (10.5% increase YoY). The dividend policy is based on a consolidated payout ratio of 30% and newly established a minimum DOE threshold of 4.5%. The annual dividend for the fiscal year ending February 2026 is planned at JPY 90, with the same amount forecasted for the fiscal year ending February 2027. Under the Medium-Term Management Plan 2030, the company aims to strengthen its platform business and accelerate overseas expansion to achieve consolidated net sales of JPY 400 billion, an operating income margin of 8%, and ROE above 15% by the fiscal year ending February 2030.