HUMAN MADE (456A) Q1 2027 earnings summary

Executive summary

• Report covers non-consolidated financial results for the three months ended April 30, 2026, under Japanese GAAP.

• Net sales reached ¥4,299 million, with net income of ¥870 million for the quarter.

• Board resolved to acquire all shares of UNDERCOVER CO., LTD., aiming to make it a consolidated subsidiary by FY ending January 2028.

Financial highlights

• Net sales for the quarter were ¥4,299 million; operating income was ¥1,233 million; ordinary income was ¥1,198 million; net income was ¥870 million.

• Gross profit for the quarter was ¥2,784 million, with operating expenses of ¥1,550 million.

• Earnings per share for the quarter were ¥9.50 (basic) and ¥9.28 (diluted).

• Total assets as of April 30, 2026, were ¥15,352 million; net assets were ¥12,671 million.

Outlook and guidance

• Full-year forecast for FY ending January 31, 2027: sales ¥18,500 million, operating income ¥4,800 million, ordinary income ¥4,750 million, net income ¥3,300 million, EPS ¥36.01.

• No dividends are forecast for the fiscal year.

• Impact of UNDERCOVER acquisition on FY27 results expected to be minor, with medium- to long-term benefits anticipated.