Notice Regarding Publication of Full-Year Earnings Forecast for the Fiscal Year Ending November 2026

Details of Earnings Forecast Publication

The Company has published the full-year earnings forecast for the fiscal year ending November 2026. Net sales are forecast at 3,502 million yen, operating income at -75 million yen, ordinary income at -63 million yen, net income at -1,103 million yen, and net income per share at -41.59 yen. No direct increases or decreases compared with the previously announced forecast are stated, and the Company explains that costs associated with global expansion and promotion of DX are underlying factors compared with fiscal 2025 results.

Business Development and Outlook

Although there was some revenue recovery in the cumulative third quarter period, it did not meet plan; increases in selling, general and administrative expenses and costs related to responding to a tender offer proposal as extraordinary losses also had an impact. The establishment of a Chinese subsidiary and the start of EC sales for the Foxfire brand were implemented in September and October, but short-term contributions are expected to be limited. The short remaining period until year-end is also cited as a factor, and the full-year earnings forecast for the fiscal year ending November 2026 has been published while including elements of uncertainty.