TORIDOLL (3397) investor relations material

Executive summary

• Consolidated revenue for FY3/26 reached a record ¥278.7 billion, with record business profit of ¥21.5 billion and operating profit of ¥10.6 billion, despite impairment losses from Fulham restructuring and unprofitable stores.

• Profit attributable to owners rose to ¥2.3 billion, up 23.3% year-over-year.

• Marugame Seimen and Overseas segments achieved record business profits; Other Domestic segment saw revenue growth but a slight profit decline due to cost pressures.

• Overseas segment revenue declined due to franchising and store closures, but profit more than doubled due to restructuring and strong Asia performance.

• Impairment losses of ¥11,408 million were recognized, mainly for unprofitable stores and goodwill in the Overseas segment.

Financial highlights

• Revenue increased 3.9% year-over-year to ¥278.7 billion; business profit up 17.9% to ¥21.5 billion.

• Operating profit rose 21.9% to ¥10.6 billion; profit margin improved to 3.8%.

• Profit for the year attributable to owners was ¥2.3 billion, up 23.3% year-over-year.

• EBITDA was ¥40,878 million (down 1.6% year-on-year); Adjusted EBITDA was ¥52,461 million (up 5.7%).

• Equity attributable to owners of the parent increased to ¥92,411 million, with a ratio of 29.9%.

Outlook and guidance

• FY3/27 forecast: revenue ¥287 billion (+3.0%), business profit ¥22 billion (+2.5%), operating profit ¥17 billion (+60.7%), and profit attributable to owners ¥7 billion (+202.9%).

• Marugame Seimen and Other Domestic segments expected to maintain growth; Overseas segment to focus on profitability post-Fulham restructuring, with revenue forecast to decline but profit to rise.

• Dividend per share to increase to ¥12.00 for FY3/27.