Q1 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

During the consolidated first quarter, net sales rose to 6,253,724 thousand yen (YoY +20.1%), while ordinary loss was 509,506 thousand yen and quarterly net loss was 382,638 thousand yen. By segment, the Commercial Kitchen Equipment segment posted net sales of 6,253,724 thousand yen (external sales 5,205,926 thousand yen, up YoY) with the segment loss widening slightly by about 6,613 thousand yen. Real estate leasing remained steady, but selling, general and administrative expenses increased, not fully offsetting the losses. The full-year forecast for the fiscal year ending March 2027 remains unchanged from the published outlook.

Capital Structure and Outlook

As of the end of the first quarter, total assets were 30,061 million yen, total liabilities were 8,941,989 thousand yen, and net assets were 21,119,011 thousand yen. Net assets declined year over year, but the equity ratio remained solid at 70.3%. Going forward, no changes are anticipated to the full-year earnings guidance, and seasonality in deliveries should be considered when evaluating revenue fluctuations.