Firstly, I want to extend our heartfelt gratitude to all of our shareholders.

With regard to the results of the consolidated fiscal year ended March 31, 2026, net sales amounted to ¥339.031 billion (an increase of 0.0% compared to the previous fiscal year).

Factors contributing to increases include special demand for PC replacements in the information systems-related business, driven by the renewal of the "GIGA School" program and the end of support for Windows 10, higher selling prices in the spice business due to rising purchase prices, and strong sales in the gondola business.

Factors contributing to decreases include the reactionary decline from the temporary surge in POS-related demand in the previous fiscal year, decreases in fuel purchase and sales volumes as well as construction materials sales volumes, and the reactionary decline following strong performance in the ODA business in the previous fiscal year.

Operating income increased to ¥32.387 billion (an increase of 2.8% compared to the previous fiscal year).

Factors contributing to increases include strong performance in the gondola business, progress in passing on rising costs in the construction materials and spice businesses, special demand for equipment renewals in the information systems-related business, a decrease in equipment costs in the cable television business, and an improvement in business earnings in the fuel wholesale business.

Factors contributing to decreases include the reactionary decline following strong performance in the ODA business in the previous fiscal year, an increase in retirement benefit expenses, and intensified competition in the gas station business and the tire wholesale business in Malaysia. With regard to non-operating income and expenses, ordinary income amounted to ¥36.634 billion (an increase of 9.0% compared to the previous fiscal year), due to factors contributing to increases such as an increase in share of profit of entities accounted for using the equity method and the recording of foreign exchange gains.

As a result, the profit attributable to owners of parent amounted to ¥23.453 billion (an increase of 23.3% compared to the previous fiscal year).

With regard to investment efficiency, while ROIC remained high at approximately 30%, the average annual growth rate of IC (capital used in business operations: net assets plus borrowings minus cash and deposits) was only up by 1.6% over the past ten years.

Strengthening our growth capabilities remains a challenge.

Through our ongoing efforts to visualize added value and promote TQM activities through the PDCA cycle, we will continue to pursue sustainable growth.

Overseas businesses accounted for 16% of IC (¥78.1 billion). Together with our domestic operations, we will continue to expand our overseas businesses, which generate foreign currency earnings, and work to increase their share.

With regard to dividends, the interim dividend was ¥44, the year-end dividend was ¥53, and the annual dividend was ¥97, representing an increase of ¥31 compared to the previous fiscal year.

We look forward to the coming year and your continuing support.

ROIC：Return on Invested Capital
IC：Invested Capital
PDCA：Plan Do Check Action
TQM:Total Quality Management

June, 2026