Financial Summary for the Fiscal Year Ending February 2026 [Japanese GAAP] (Consolidated)

Overview of Business Results

For the fiscal year ending February 2026, consolidated results benefited from the full-year contribution of Rashin Co., Ltd., resulting in net sales of 69,962 million yen (52.4% Year-over-Year increase), operating income of 2,802 million yen (43.0% Year-over-Year increase), ordinary income of 3,164 million yen (34.6% Year-over-Year increase), and net income attributable to owners of parent of 1,792 million yen (30.1% Year-over-Year increase). The brand business achieved both higher sales and profits with net sales of 45,346 million yen (109.2% Year-over-Year increase), while the apparel business posted higher sales of 24,615 million yen (1.6% Year-over-Year increase) but lower profits. Operating income before goodwill amortization rose strongly to 4,059 million yen (53.5% Year-over-Year increase).

Overview of Financial Position and Cash Flows

On a consolidated basis, total assets increased to 68,836 million yen (up from the previous fiscal year), and net assets grew to 41,067 million yen (up from the previous fiscal year). Current assets increased mainly due to higher inventories, while current liabilities increased owing to rises in notes and accounts payable and accrued corporate taxes. Cash flows from operating activities increased by 1,102 million yen, cash flows from investing activities increased by 2,266 million yen, and cash flows from financing activities decreased by 3,748 million yen, resulting in cash and cash equivalents of 1,326 million yen.

Outlook and Dividend Policy

For the fiscal year ending February 2027, the Company forecasts net sales of 72.0 billion yen (2.9% Year-over-Year increase), operating income of 3.6 billion yen (28.4% Year-over-Year increase), ordinary income of 3.9 billion yen (23.2% Year-over-Year increase), and net income attributable to owners of parent of 2.3 billion yen (28.3% Year-over-Year increase). The annual dividend is planned at 85 yen (a 2 yen increase over the previous period). The Company aims to maintain a DOE of at least 4% and achieve 100 yen per share annual dividend in the future. It will continue to pursue sustainable management and medium- to long-term investments that contribute to profit growth to enhance corporate value.