Fiscal Year Ending February 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative second quarter period, revenue was 4,846 million yen, down 0.7% year-over-year. Operating income improved significantly to 23 million yen (Year-over-Year 267.8% increase), ordinary income was 63 million yen (Year-over-Year 40.9% increase), and interim net income attributable to owners of parent was 35 million yen (Year-over-Year 7.3% increase). While new product launches and cost containment measures were advanced, production costs rose due to higher raw material prices and yen depreciation. Growth in physical stores and e-commerce was affected by market conditions, while the real estate leasing business contributed stable rental income. The full-year forecast assumes revenue of 9,350 million yen, operating income of 80 million yen, ordinary income of 120 million yen, and net income of 80 million yen, with current assumptions maintained.

By Segment, Financial Position and Outlook

The office supplies and related businesses continued new product introductions but e-commerce sales progressed slower than expected, resulting in reduced operating profit. The real estate leasing business secured stable rental income across properties, and the financial position remains healthy with an equity ratio of 82.0%. Cash flow increased substantially from operating activities, investing activities saw outflows due to acquisitions of tangible fixed assets, and financing activities recorded outflows for debt repayments and dividend payments. Going forward, the company aims to drive growth centered on penetration of e-commerce and new products and the stability of rental income.