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

Overview of Financial Performance

In the cumulative consolidated period of the third quarter of the fiscal year ending February 2026, operating revenue reached ¥7,749.403 billion (3.7% year-over-year increase) and operating income was ¥144.737 billion (23.1% year-over-year increase), both hitting record highs. The net quarterly loss attributable to owners of the parent improved to ¥10.928 billion, a profit/loss improvement of ¥6.516 billion compared to the same period last year. Despite challenging domestic and overseas economic conditions, price reductions on the private brand “Topvalu” and large-scale promotional campaigns were implemented, leading to revenue increases in all segments. Particularly, the Developer and Services & Specialty Store businesses drove operating income growth.

Segment Performance Trends and Future Outlook

The GMS (General Merchandise Store) segment posted operating revenue of ¥2,722.666 billion (4.1% year-over-year increase) and an operating loss of ¥11.645 billion, showing an improvement in profitability. The SM (Supermarket) segment recorded operating revenue of ¥2,301.623 billion (2.8% increase) and operating income of ¥13.222 billion, marking profit growth. The Health & Wellness segment saw operating revenue of ¥1,015.211 billion (2.7% increase) and operating income of ¥27.346 billion, showing strong results. The Comprehensive Financial, Developer, and Services & Specialty Store segments also achieved both revenue and profit growth. The full-year earnings forecast for the fiscal year ending February 2026 remains unchanged at operating revenue of ¥10.7 trillion (5.6% year-over-year increase) and operating income of ¥275 billion (15.7% increase). The successful tender offer to make Tsuruha Holdings a consolidated subsidiary is expected to contribute to strengthening the group going forward.