Notice on Differences Between Consolidated Earnings Guidance and Actual Results for the Second Quarter (Interim) of the Fiscal Year Ending August 2026 and Revision of Full-Year Consolidated Earnings Guidance

Differences Between Second Quarter Earnings Guidance and Actual Results

For the second quarter of the fiscal year ending August 2026 (September 1, 2025 – February 28, 2026), consolidated net sales were 50,512 million yen, 1,257 million yen below the previous guidance of 51,770 million yen. While domestic eyewear business sales for some products fell short of plan, the overseas eyewear business outperformed expectations due to business structure reforms in China and accelerated local store openings in Taiwan. Operating income was 4,932 million yen, 227 million yen below guidance, and both ordinary income and net income attributable to owners of parent also fell below expectations.

Revision to Full-Year Consolidated Earnings Guidance

Based on first half results, the full-year consolidated earnings guidance for the fiscal year ending August 2026 has been revised. Net sales are set at 110,392 million yen (1.1% decrease versus previous guidance), operating income at 12,772 million yen (1.7% decrease), and net income attributable to owners of parent at 8,623 million yen (2.2% decrease). The domestic eyewear business’s first half shortfall is considered a temporary factor, and no changes have been made to the second half outlook.