Fiscal Year Ending September 2026 Q3 Financial Summary (Japan GAAP) (Consolidated)

Performance overview

For the cumulative third quarter period, net sales reached 46,444 million yen (YoY +6.8%), operating income 1,329 million yen (YoY +27.4%), ordinary income 1,302 million yen (YoY +26.8%), and quarterly net income 883.72 million yen (YoY +6.1%), marking solid earnings growth. Gross margin improved to 25.5%, and selling, general and administrative expenses as a percentage of net sales declined to 23.6%. The segment is single-segment; region details are as attached, with the Sapporo block showing a substantial increase (+13.7%). Equity ratio 62.7%, with a stable financial base including higher cash and deposits. Full-year guidance remains: net sales 61,500 million yen, operating income 1,680 million yen, ordinary income 1,630 million yen, net income 1,200 million yen, and earnings per share 106.84 yen, with progress around 74–80%.

Outlook and key points

Full-year earnings outlook is unchanged from the previously announced plan, with both operating income and ordinary income expected to be solid. Domestic consumer demand is still affected by high prices and intensified competition, but gross profit margin is being improved through store expansion, product strength enhancement, strict inventory management, and loss reduction. In the medium term, the company will focus on strengthening its store network, governance, and social contribution through food, while prioritizing financial soundness.