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

Summary of Performance

During the cumulative third quarter period of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), net sales amounted to JPY 137.215 billion (4.6% decrease YoY). Operating income was JPY 3.027 billion (33.7% increase YoY), ordinary income was JPY 2.934 billion (26.7% increase YoY), and quarterly net income was JPY 1.504 billion (33.3% increase YoY), recording profit growth. Despite the impact of rising prices and increased logistics costs, cost reductions were achieved through cuts in selling, general and administrative expenses and a review of logistics center operations. The number of stores was 359, with two new openings and three closures during the period.

Segment Performance and Financial Position

Sales in building materials, DIY, and gardening supplies were JPY 63.815 billion (3.2% decrease YoY) due to rice shortages and rebound declines from disasters. Household goods posted sales of JPY 36.470 billion (4.3% decrease YoY), benefiting from growth in the US market. Furniture and home fashion products were JPY 24.189 billion (8.5% decrease YoY), and others amounted to JPY 12.163 billion (5.3% decrease YoY). Total assets were JPY 225.261 billion (increase of JPY 6.6 million from the previous period end), net assets were JPY 154.095 billion (increase of JPY 139 million), maintaining an equity ratio of 68.4%.

Dividends and Earnings Forecast

Annual dividends are forecast at JPY 29 at fiscal year-end, totaling JPY 58 annually, unchanged from the most recent dividend forecast. The full-year earnings forecast for the fiscal year ending March 2026 anticipates net sales of JPY 173.080 billion (4.8% decrease YoY), operating income of JPY 2.7 billion (113.2% increase YoY), ordinary income of JPY 2.763 billion (107.8% increase YoY), and net income of JPY 1.26 billion (585.3% increase YoY).