Full-Year Financial Results Presentation Materials for the Fiscal Year Ending February 2026

Performance Overview

For the fiscal year ending February 2026, net sales amounted to 167.0 billion yen, an increase of 6.7% year-over-year. Operating income reached 4.3 billion yen, approximately 2.6 times higher than the previous term, marking a significant increase. However, net income declined by 24.9% year-over-year to 3.7 billion yen. The increase in net sales was driven by consolidated contributions from Daytona International and Waterfront. The rise in operating income resulted from the effects of revenue structure reforms, while the decrease in net income was due to the reversal of real estate sale gains and impairment losses. Variations in performance were observed across sales channels and brands.

Performance by Sales Channel and Financial Position

Domestic department store sales declined due to a business withdrawal, while non-department store and e-commerce sales increased. Notably, e-commerce sales were strong, rising 30.1% year-over-year. Selling, general and administrative expenses totaled 87.1 billion yen, an increase of 5.8% compared to the previous term, but efficiency improved due to structural reforms. Treasury stock acquisition of 12.0 billion yen was executed in July 2025, with all shares cancelled by the end of January 2026. Total assets increased by 23.4% year-over-year to 174.2 billion yen, and total liabilities also rose; however, cash and deposits remained within operating capital levels.