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

Performance Overview

For the first quarter of the fiscal year ending December 2026, consolidated net sales amounted to JPY 86,961 million (up 9.8% YoY), operating income was JPY 6,000 million (up 2.7% YoY), ordinary income was JPY 5,980 million (up 1.6% YoY), and net income attributable to owners of parent was JPY 4,105 million (up 2.6% YoY). The increase in sales was mainly driven by growth in the factory route, e-business route, home center route, and other segments. Although the equity ratio decreased from 60.4% to 56.2%, total assets and net assets increased.

Segment Performance

Net sales in the factory route were JPY 56,957 million (up 6.9% YoY), e-business route sales were JPY 22,012 million (up 18.7% YoY), home center route sales were JPY 7,130 million (up 8.3% YoY), and overseas route sales were JPY 861 million (up 14.7% YoY). Sales growth in each segment contributed to the overall increase.

Dividend Status

The annual dividend forecast for the fiscal year ending December 2026 is 58.50 yen per share, a decrease from 60.00 yen in the previous year. The interim dividend is planned at 30.00 yen and the year-end dividend at 28.50 yen.

Outlook

There is no revision to the full-year consolidated earnings forecast announced on February 13, 2026, for the fiscal year ending December 2026. Net sales are expected to be JPY 341 billion (up 6.5% YoY), operating income JPY 21,720 million (down 4.8% YoY), ordinary income JPY 21,220 million (down 5.9% YoY), and net income attributable to owners of parent JPY 14,540 million (down 8.4% YoY).