Fiscal Year Ending February 2026 3rd Quarter Financial Summary [Japanese GAAP] (Non-consolidated)

Overview of Operating Results

For the cumulative 3rd quarter of the fiscal year ending February 2026, sales recorded a record high of ¥277.3049 billion (108.9% Year-over-Year). Operating income was ¥3.622 billion (97.8% Year-over-Year), ordinary income was ¥3.386 billion (86.6% Year-over-Year), and quarterly net income was ¥1.905 billion (99.7% Year-over-Year). While sales increased, profits showed a declining trend. By business format, GMS sales were ¥153.071 billion (109.6% Year-over-Year), SM sales were ¥81.279 billion (104.8% Year-over-Year), and DS sales were ¥47.617 billion (113.8% Year-over-Year), all showing overall revenue growth. The apparel segment declined due to cost-saving trends, but food and housing & leisure segments performed well.

Financial Position and Outlook

Total assets increased to ¥196.580 billion (compared to the previous fiscal year-end), liabilities increased to ¥123.832 billion, and net assets decreased to ¥72.747 billion, resulting in a decline in the equity ratio to 37.0%. Cash flow from operating activities amounted to ¥18.926 billion, while investment activities used ¥11.369 billion mainly for tangible fixed asset acquisitions. Financial activities saw an increase in long-term borrowings and a decrease in short-term borrowings. There is no change in the full-year earnings forecast, with sales projected at ¥382 billion, operating income at ¥9.8 billion, and net income at ¥5.0 billion. The dividend forecast remains unchanged at ¥16 annually.