Full-Year Earnings Presentation Materials for the Fiscal Year Ending February 2026 (2025)

Overview of Consolidated Results for Fiscal 2025

For fiscal 2025, net sales increased 13.6% YoY to JPY 236.8 billion, operating income rose 14.3% YoY to JPY 11.6 billion, and net income attributable to owners of parent grew 18.5% YoY to JPY 10.1 billion. EBITDA also increased 11.3% YoY to JPY 17.2 billion. By brand, strategic brands performed strongly: 'Andfiro' increased by 35.5%, 'Kashiyama' by 33.3%, 'WEGO' by 7.5%, and 'Chacott Cosmetics' by 22.0%. By sales channel, department stores saw a 2% decline, while shopping centers and e-commerce recorded substantial growth of 29% and 12%, respectively. Overseas operations achieved operating profitability in Europe, the United States, and Asia combined.

Consolidated Earnings Forecast and Shareholder Returns for Fiscal 2026

For fiscal 2026, the company forecasts net sales of JPY 247.0 billion (up 4.3% YoY), operating income of JPY 12.8 billion (up 10.3%), net income attributable to owners of parent of JPY 11.2 billion (up 10.9%), and EBITDA of JPY 18.8 billion (up 9.3%). Management resources will be concentrated on five fashion-related businesses and three wellness-related businesses as growth pillars, with continued achievement of operating profitability in overseas operations. The dividend policy anticipates a full-year dividend of JPY 33 (interim JPY 16, year-end JPY 17), targeting a dividend payout ratio of 40.1%. A midterm dividend system was introduced in 2025 to aim for stable profit returns.