Earnings Presentation for Fiscal Year Ending February 2026 (March 2025 – February 2026)

Fiscal Year 2025 Performance

In fiscal year 2025, net sales reached 380,063 million yen (YoY 107.4%), operating income was 8,332 million yen (YoY 105.6%), and net income attributable to owners of parent was 3,732 million yen (YoY 103.5%), achieving increased revenue and profits. With the succession of nine Seiyu stores, market share in the Sapporo area expanded, and the discount store (DS) business performed steadily. Although selling, general and administrative expenses increased, they were controlled within plan through productivity improvements and review of cost structures. Gross operating profit grew due to the effects of the store succession, growth of existing stores, and increased tenant income.

Initiatives in Fiscal Year 2025 and Future Outlook

In store strategy, efforts are focused on optimizing store formats within Sapporo city and enhancing facility attractiveness to create a comfortable shopping environment. In March 2025, a new Developer Headquarters was established to strengthen customer attraction measures such as the first tenant recruitment in Hokkaido and local event organization. Product strategy promotes responding to convenience and ready-to-eat food needs, strengthening deli offerings, and expanding the Topvalu private brand. Additionally, activities address climate change and solve regional challenges caused by fewer purchase locations. iAEON app memberships have surpassed 800,000.