Notice of Revision to Earnings Guidance

Key Points of the Revision to Earnings Guidance

In the earnings guidance revision announced today, the outlook for the second quarter (interim) and the full year of the fiscal year ending February 2027 has been revised upward. Interim net sales are projected at 1,877 million yen, significantly exceeding the previous forecast, and operating income, ordinary income, and interim net income are also expected to increase substantially. While considering the impact of exchange rates and market trends, recovery in demand from club manufacturers and strong sales of the company’s own brands have contributed to the improvement. The full-year guidance has also been raised to net sales of 3,320 million yen, operating income of 525 million yen, and so on.

Outlook and Dividends

Although uncertainty remains regarding exchange rate movements and challenging market conditions, this upward revision is mainly attributable to strong sales channels and products. The dividend forecast policy announced on April 15, 2026, of an annual 30 yen per share (interim 15 yen, year-end 15 yen) will be maintained. For investors, the revised growth outlook together with a stable dividend policy may continue to be favorably evaluated.