Consolidated First Quarter Financial Results for the Fiscal Year Ending January 2027 (Japanese GAAP)

Section Heading

Key points of the earnings summary and medium-term strategy: continuing investments with PHOENIX PROJECT as the top priority. FY2027 Q1 revenue of 1,463 million yen (year-on-year 98.0%), roughly flat versus the previous year, with progress in expanding the VINTAGE segment and recovering new customer cohorts. While advertising expenses and personnel costs rise, capital is redirected to AI infrastructure development and business expansion, with no revision to the full-year forecast from the previous disclosure. Dividend policy maintains 30 yen per share at year-end, committing to stable dividends during the structural reform period.

Section 2 Heading

Segment-wise BUYMA remains solidly growth-oriented, TRAVEL continues high growth as demand recovers. Progress of the PHOENIX PROJECT focuses on AI introduction, cultivation of new domains, and stronger external collaborations. The operating profit target for 28/1 term is 2.0 billion yen and adjusted EPS of 40 yen as必達, aiming for mid-to-long-term re-growth with a focus on strengthening in-house inventories of VINTAGE, SNS-driven customer acquisition, and new business creation.