Notice Regarding Revision of Full-Year Consolidated Earnings Forecast

Overview of Earnings Forecast Revision

United Super Markets Holdings, Inc. has revised its full-year consolidated earnings forecast for the fiscal year ending February 2026. Operating revenue is revised down 1.6% from the previous forecast of ¥979,800 million to ¥964,000 million. Operating income is cut by 63.6% from ¥11,000 million to ¥4,000 million, and ordinary income is reduced by 66.1% from ¥10,900 million to ¥3,700 million. Net income attributable to owners of parent is expected to turn from a ¥1,200 million profit to a ¥4,200 million loss, with net income per share declining from a forecasted profit of ¥6.14 to a loss of ¥21.45.

Reasons and Background for the Revision

Operating revenue is expected to exceed the previous year due to integration effects of Inageya Co., Ltd. and increased customer traffic at existing stores. However, gross profit margin declined below expectations due to decreased purchase quantities following rising product unit prices, increased raw material and energy costs, and continuation of price maintenance strategies to cope with intensified competition. Furthermore, increases in selling, general and administrative expenses such as labor costs, utilities, and logistics persist, resulting in operating and ordinary income falling short of the plan. Additionally, the recording of impairment losses and other special losses is expected to cause net income to significantly miss forecasts.