Fiscal Year Ending February 2026 Financial Summary [IFRS] (Consolidated)

Performance Overview

For the fiscal year ending February 2026, consolidated performance recorded total sales of 1,290,489 million yen (1.7% YoY increase) and revenue of 445,094 million yen (0.7% YoY increase). Operating profit was 50,597 million yen (5.4% YoY decrease) and operating income was 49,015 million yen (15.8% YoY decrease), resulting in decreased profits. Profit before tax stood at 44,515 million yen (20.2% YoY decrease) and net income attributable to owners of parent was 28,282 million yen (31.7% YoY decrease). These results were mainly impacted by a decline in duty-free sales in the department store business and a recoil from step acquisition-related gains. By segment, the department store business posted revenue of 268,175 million yen (1.7% YoY increase) but recorded decreased profits; the Shopping Center business achieved revenue of 67,277 million yen (4.4% YoY increase) with increased profits; the Developer business had revenue of 81,393 million yen (10.2% YoY decrease) with decreased profits; and the Settlement & Financial Services business posted revenue of 13,504 million yen (2.8% YoY increase) but decreased profits.

Outlook and Dividend Policy

The consolidated earnings forecast for the fiscal year ending February 2027 anticipates total sales of 1,347,000 million yen (4.4% YoY increase), revenue of 469,000 million yen (5.4% YoY increase), operating profit of 52,000 million yen (2.8% YoY increase), operating income of 47,000 million yen (4.1% YoY decrease), profit before tax of 42,000 million yen (5.7% YoY decrease), and net income attributable to owners of parent of 29,000 million yen (2.5% YoY increase). The dividend is planned at an annual 56 yen (28 yen interim, 28 yen year-end), continuing a stable dividend policy with a consolidated payout ratio above 40%. Additionally, on April 14, 2026, a share buyback (up to 5,000,000 shares, 10 billion yen) was resolved, aiming to improve capital efficiency and strengthen shareholder returns.