2026 December Term Q1 Financial Results Explanation Materials

Performance Overview

For the first quarter of the 2026 December period, revenue reached 121.3 billion yen, up 8.6% YoY, while operating income was 8.9 billion yen, an increase of 17.0% YoY. Business profit increased by 10.6% to 9.1 billion yen, and net income for the quarter rose 27.0% to 5.5 billion yen, achieving growth in both sales and profit. Same-store sales increased to 106% YoY, supported by growth in customer numbers and average spending. The company opened 5 new stores, transformed 14 existing stores, and renovated 50 stores, with store strategy contributing to overall performance.

Financial Position and Progress on Guidance

Total assets amounted to 521.2 billion yen, total liabilities 331.1 billion yen, and total equity 190.1 billion yen, with increases in each compared to the previous year. The equity ratio remains stable at 36.5%, and the net D/E ratio is 0.50 times. Operating cash flow was 16 billion yen, and free cash flow increased to 8.3 billion yen. Progress against the full-year guidance for 2026 shows about 25% achievement for revenue, business profit, and operating income, with no changes necessary to the full-year forecast considering inflation effects are within expectations.