Fiscal Year Ending August 2026 Q3 Earnings Presentation

Overview of Results

In the third quarter, revenue was 27,984 million yen, gross profit was 7,407 million yen, operating income was 1,719 million yen, and net income was 1,062 million yen. Revenue grew significantly versus the prior year period, and both operating and net income exceeded the previous year. Contributions from auctions and retail remained strong, driving sales growth YoY into FY26/3Q. Segment-wide, revenue increased domestically and internationally, with notable contribution from the retail segment. Explanations point to the impact of new store openings and improved inventory strategy.

Outlook and Strategy

As of FY26/3Q, progress is evaluated as favorable, and continued focus on inventory management and efficient operations toward FY26/4Q is deemed important. The plan is to continue improving retail inventory management and revising auction pricing structure to stabilize gross margin. Diversifying customer base, new store opening strategies, and brand awareness expansion are expected to support future growth.