Financial Results for the Third Quarter of the Fiscal Year Ending July 2026 (Japanese Standards, Consolidated)

Overview of Results

For the fiscal year ending July 2026, the third quarter consolidated net sales reached JPY 2.68 billion (YoY +17.0%). Consolidated EBITDA was JPY 0.48 billion (YoY +43.3%), marking a quarterly record high for the third quarter. ClasSicMom segment net sales were JPY 2.60 billion (+16.2%), buyers reached 113,000 (+16.0%), remaining solid. With improvements in selling and general and administrative expense ratios and cost of goods sold efficiency, operating margin improved. Note that there is no change to the 4Q earnings guidance, and progress toward the full-year forecast is on track.

Shareholder Returns and Financial Policy Trends

Dividend guidance raised from JPY 48 to JPY 55 per share (annual dividend of JPY 55). The policy is to return up to 50% of free cash flow (FCF); based on year-end net cash and cash on hand, a decision will be made on whether to return capital. In the scenario of an FCF of JPY 810 million, the suggested return would be JPY 405 million, but depending on financial conditions, there is also a possibility of no return.