Transition to Consolidated Financial Statements for the Fiscal Year Ending September 2026 and Publication of Consolidated Earnings Forecasts and Revision of Non-consolidated Forecasts

Transition to Consolidated Financial Statements and Publication of Forecasts

The announcement published today states that the company will transition from non-consolidated to consolidated financial statements starting in the fiscal year ending September 2026, will disclose consolidated earnings forecasts for that fiscal year, and will revise the non-consolidated earnings forecasts previously announced on November 13, 2025. In connection with the transition, Trade One and Wakamatsu will be made consolidated subsidiaries, with the deemed acquisition date set as August 31, 2026. The consolidated figures will be reflected from the current fiscal year.

Revision of Earnings Forecasts and Factors

The full-year consolidated earnings forecast for the fiscal year ending September 2026 is net sales of 2,789 million yen, operating income of 80 million yen, ordinary income of 85 million yen, net income attributable to owners of parent of 39 million yen, and earnings per share of 16.33 yen. In contrast, the non-consolidated forecast has been revised downward to net sales of 2,789 million yen, operating income of 123 million yen, ordinary income of 120 million yen, net income of 73 million yen, and earnings per share of 30.73 yen. The primary reasons for the revision are differences in the accounting treatment of acquisition-related costs for Trade One, recognition of equity-method investment gains, and increases in development costs related to totono and M&A-related expenses. Exchange rate information reflects rates at the time of publication.