From our President and CEO Investors

To our shareholders and investors

We would like to express our sincere gratitude to our shareholders and investors for their continued support and consideration.

The first half of the fiscal year ending March 2026 was a period marked by even more severe heat than in typical years, making changes in the natural environment feel like a more tangible part of our daily lives.
We take these environmental changes seriously. We aim to enhance our medium- to long-term corporate value by providing valuable products that enable comfortable living in diverse conditions—through material development and product design adapted to climate change—while simultaneously promoting a reduced environmental impact across our entire supply chain. We also view this as an opportunity to accelerate our contribution to a sustainable society.

Against this backdrop, in-store sales progressed smoothly during the second quarter of the fiscal year ending March 2026, driven by our offering of functional products to combat the extreme heat, the opening of new self-operated stores (mainly for the Goldwin brand), and the expansion in size of existing stores. As a result, net sales increased by 8% year-on-year for the quarter and by 3% for the cumulative first half, with both results exceeding the previous year’s performance. Although profit margins declined due to summer clearance sales, operating profit increased significantly, rising by 33% year-on-year for the cumulative first half, thanks to measures such as reviewing our expense execution.
Meanwhile, regarding profit for entities accounted for using the equity method, YOUNGONE OUTDOOR Corporation (YOC) in Korea experienced a decline in revenue due to the impact of foreign exchange rates, similar to the first quarter. This affected our results, causing ordinary profit and net income to fall below the same period last year. However, YOC’s net sales are trending in line with the plan, and the winter sales season, which began in October, is off to a strong start. We therefore expect the impact from the third quarter onward to diminish. Accordingly, we are maintaining our original forecast for the full-year consolidated plan.

We will continue to take bold steps to achieve our plans and enhance our corporate value, and we sincerely ask for your continued understanding and support.