Fiscal Year Ending November 2026 Third Quarter Financial Summary [Japanese Standards] (Consolidated)

Business Development and Performance Trends

This fiscal year, centered on the Osaka head office, Horiifoodservice Co., Ltd. completed the full acquisition of Sushi Masu Foods and, together with Seiko Corporation (a limited company operating charcoal-grilled yakiniku restaurants), has been promoting new store openings and remodeling of existing stores. Through DX initiatives and price strategy reviews, cost optimization has been advanced based on customer traffic and average spend, and systems were established to capture inbound demand. Third quarter net sales were 4,563,703 thousand yen, operating income was 440,243 thousand yen, and quarterly net income was 487,313 thousand yen. The company will continue business expansion including new store openings.

Future Policy and Capital/Financial Position

Consolidated financial position: total assets 4,057,574 thousand yen, equity ratio 37.5%, total equity 1,567,862 thousand yen. The new consolidated scope includes Seiko Corporation and Sushi Masu Foods, resulting in increased goodwill from the above acquisitions. The full-year forecast remains unchanged from the previously announced outlook, and notes such as comparative presentation due to the fiscal year-end change (November 30) are disclosed as appropriate. The company will continue plans for new store openings to capture inbound demand, respond to suburban store demand, and improve existing stores.