Demae-Can (2484) investor relations material

Executive summary

• Strategic investments resumed in Q3, resulting in year-on-year growth in orders, active users, and revenue, while the company continued to focus on enhancing service quality and competitiveness.

• Nationwide rollout of the "Demae-can at Dine-in Price" program expanded participating merchants from 250 to over 23,000.

• Double-digit order growth achieved, with orders reaching 110% year-on-year in April and May.

• Net sales for the nine months ended May 31, 2026, decreased by 6.2% year-over-year to ¥28,290 million, reflecting a challenging environment in the food delivery market.

• Operating loss widened to ¥6,370 million from ¥3,075 million in the prior year.

Financial highlights

• Revenue grew 111% year-on-year in Q3, driven by increased order volume.

• Gross profit margin improved to 18% in May, with contribution margin recovering as growth accelerated.

• Operating profit remained negative, with a Q3 loss of ¥3,170 million.

• Ordinary loss was ¥6,331 million, and net loss attributable to owners was ¥6,339 million for the nine months ended May 31, 2026.

• Basic earnings per share was ¥(56.89), compared to ¥(27.13) last year.

Outlook and guidance

• Q4 is expected to see further revenue growth and improved profitability as investment levels normalize.

• FY2026 guidance revised to prioritize market expansion, with revenue expected to grow year-on-year.

• Full-year sales forecast revised to ¥39.2 billion, down 1.3% year-over-year, with operating loss forecast widened to ¥7.9 billion and net loss forecast at ¥7.8 billion.

• No dividend is planned for the fiscal year ending August 31, 2026.