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

Overview of Business Results

During the cumulative consolidated third quarter period of the fiscal year ending February 2026, net sales amounted to 35,198 million yen (15.3% Year-over-Year increase), operating income was 3,346 million yen (12.2% YoY increase), ordinary income was 3,414 million yen (13.4% YoY increase), and net income attributable to owners of parent for the quarter was 2,247 million yen (14.7% YoY increase). Operating income reached a record high for the third quarter. The reuse business segment showed a 15.4% sales growth Year-over-Year, with solid growth in apparel, fashion accessories, and hobby products categories. E-commerce sales were also strong, increasing 22.9% Year-over-Year. New store openings included 28 directly managed stores and 2 franchise stores, bringing the total number of stores to 319.

Overview of Financial Position and Outlook

Total assets were 24,582 million yen (an increase of 3,751 million yen from the previous fiscal year-end), total liabilities were 12,641 million yen (an increase of 2,314 million yen), and total net assets were 11,940 million yen (an increase of 1,437 million yen). The equity ratio was 47.9%, a slight decline from 50.0% Year-over-Year, but the financial base remains stable. There is no change to the consolidated full-year earnings guidance, which expects net sales of 46,252 million yen (9.6% Year-over-Year increase), operating income of 4,420 million yen (9.5% YoY increase), and net income attributable to owners of parent of 3,008 million yen (11.0% YoY increase).