Financial Summary (Consolidated) for the First Quarter of the February 2027 Term (Japanese Standards)

Business performance overview

For the first quarter cumulative period, net sales were 63,466 million yen (up 5.5% YoY), operating income was 5,647 million yen (up 5.5% YoY), ordinary income was 5,621 million yen (up 7.8% YoY), and net income attributable to owners of the parent was 5,043 million yen (up 18.1% YoY). EBITDA stood at 7,032 million yen (up 5.3% YoY). While progress in growth strategy through new business creation and M&A is appreciated, the gross profit margin declined due to timing of new summer apparel launches and optimization of inventory levels, but overall segment profits increased due to a decline in SG&A ratio.

Outlook and financial position

For the interim consolidated period and the full-year earnings outlook for the February 2027 term, the forecast remains unchanged from the projection released on April 9, 2026. Total assets at period-end are 186.59 billion yen, net assets are 9.437 billion yen, and the equity ratio is 50.6%. Intangible assets include goodwill from the newly acquired Cosme de la Beaute, recorded on a provisional basis, and future integration effects and expansion of the consolidation scope are expected to contribute to earnings.