Notice Regarding Revision of Full-Year Consolidated Earnings Guidance and Dividend Forecast

Details of Earnings Guidance Revision

The full-year consolidated earnings guidance for the fiscal year ending February 2026 has been revised upward. Net sales are projected to increase by 1.9% from the previous forecast of ¥160,000 million to ¥163,000 million. Operating income is expected to rise by 8.3% from ¥12,000 million to ¥13,000 million. Ordinary income is forecasted to grow by 8.3% from ¥12,100 million to ¥13,100 million. Net income attributable to owners of parent is anticipated to increase by 7.6% from ¥8,500 million to ¥9,150 million. These upward revisions are driven by the robust pavilion and exhibition booth space creation market for the Osaka-Kansai Expo, continued active private-sector investment and inbound demand, as well as steady sales in the specialty store market handling many overseas brand stores. Improved profit margins have also contributed, with all profit-related items expected to exceed the previous forecast.

Revision of Dividend Forecast and Future Plans

Based on the upward revisions to operating income and net income, the year-end dividend forecast has been increased by ¥2 from the previous forecast of ¥40 to ¥42 per share. This results in an annual dividend of ¥42. The revision to the dividend forecast is scheduled to be submitted for approval at the 89th Annual General Meeting of Shareholders planned for late May 2026. The company notes that future performance may fluctuate due to various factors.