Financial Results for the Third Quarter of Fiscal Year Ending July 2026 [Japanese GAAP] (Consolidated)

Summary of Results

In the third quarter of the current fiscal year, net sales were below the previous year while profitability improved, reducing the loss at each stage compared with the same period last year. While continuing advertising investments mainly in the travel business, gross profit increased due to improved procurement terms and a review of project mix. By segment, travel net sales were ¥1,422,370 thousand and segment loss narrowed to ¥42,485 thousand. Other businesses maintained ADR and utilization rates at the indicated levels.

Outlook and Capital Structure Going Forward

Full-year earnings guidance was revised from the previous announcement. Net sales are expected to be ¥2,850–3,050 million, net income attributable to owners of the parent ¥961.9–1,098.9 million, and earnings per share in the range of ¥152.23–¥172.08. Asset composition changed due to declines in cash and deposits, with long-term borrowings elevating liabilities. Key to a earnings recovery remains expanding high-value cruise planning and optimizing cost structure.