FY2026 Q3 Financial Results Presentation

Overview of Consolidated Financial Results

For the third quarter of FY2026, consolidated total net sales amounted to JPY 960,634 million (YoY 98.2%), with net sales of JPY 406,341 million (YoY 97.3%), resulting in net sales below the previous year’s level. Gross profit was JPY 249,650 million (YoY 97.9%), selling, general and administrative expenses were JPY 191,584 million (YoY 98.2%), and operating income was JPY 58,065 million (YoY 96.9%). Ordinary income stood at JPY 63,831 million (YoY 96.7%), while net income attributable to owners of parent for the quarter increased to JPY 51,267 million (YoY 110.3%). The decline in non-operating income and the recording of extraordinary profits impacted these results.

Status of Major Consolidated Subsidiaries and Individual Financial Statements

Sales and profits of major consolidated subsidiaries generally trended below the previous year’s levels, however, the net income attributable to owners of parent for the quarter at Isetan Mitsukoshi Ltd. significantly increased to JPY 68,102 million. In the individual financial statements, total net sales were JPY 579,273 million (YoY 99.6%), net sales were JPY 212,226 million (YoY 98.8%), and operating income was JPY 40,783 million (YoY 98.8%). Store-specific and product-specific sales also showed a declining trend YoY, with tax-free sales also decreasing.