Fiscal Year Ending March 2026 Financial Results Summary [Japanese Accounting Standards] (Consolidated)

Overview of Business Performance

For the fiscal year ending March 2026, consolidated net sales were JPY 164.63 billion (up 9.1% YoY), operating profit was JPY 9.126 billion (up 14.3% YoY), ordinary income was JPY 9.313 billion (up 9.1% YoY), and net income attributable to owners of the parent was JPY 6.112 billion (up 42.7% YoY). The gross profit margin improved to 52.4%, while selling, general and administrative expenses increased due to higher advertising, promotional costs, and personnel expenses, but operating profit still increased. Comprehensive income also exceeded the previous year at JPY 6.117 billion.

Financial Condition and Cash Flows

Total assets increased by 1.9% YoY to JPY 71.507 billion, net assets rose 11.4% YoY to JPY 42.135 billion, and the equity ratio improved to 58.9%. Cash flows from operating activities decreased to JPY 5.551 billion, while cash flows from investing activities increased expenses by JPY 9.626 billion, and cash flows from financing activities increased by JPY 842 million. Cash and cash equivalents at the end of the period stood at JPY 3.445 billion.

Dividend Situation

For the fiscal year ending March 2026, total dividends per share are projected at 89 yen (including an end-of-term dividend of 69 yen and interim dividend of 20 yen), with a payout ratio of 40.2%. The dividend forecast for the next fiscal year ending March 2027 is 92 yen (including interim 32 yen and end-of-term 60 yen), with a payout ratio of 41.2%.

Earnings Forecast for Fiscal Year Ending March 2027

The consolidated earnings forecast for the fiscal year ending March 2027 projects net sales of JPY 166.18 billion (up 1.0% YoY), operating profit of JPY 10.00 billion (up 9.6% YoY), ordinary income of JPY 10.083 billion (up 8.3% YoY), and net income attributable to owners of the parent of JPY 6.175 billion (up 1.0% YoY). The forecasted net income per share is 223.56 yen.