Response toward Management Focused on Capital Cost and Stock Price (Update)

Performance Summary

The fiscal year ending March 2026 achieved 31 consecutive years of revenue growth, with operating revenue of ¥924.1 billion, operating income of ¥27.5 billion, and net income attributable to owners of parent of ¥16.4 billion. The supermarket business drove revenue, and all segments became profitable due to recovery in the sports club business and profitability turnaround in the credit card business. ROE reached 9.2%, ROIC was 5.6%, and the PBR surpassed 1.0x, reflecting significant improvement in capital profitability.

Management Response Focused on Capital Cost and Stock Price, and Shareholder Returns

ROE has achieved the target of 8% for two consecutive periods, and the PER increased to 12.9x. Although the PBR remains above 1x, it is still below the average for food supermarkets listed on the Prime Market, indicating room for improvement. Going forward, the company aims to enhance market valuation through sustainable profit growth, strengthening earnings power, reducing large special losses, and announcing growth strategies. The shareholder return policy targets a payout ratio of 30%, with a DOE of at least 2%, and has continued a 16-year streak of progressive dividends.