Business Expansion Through New Businesses and Store Openings

「The company successively opened professional specialty stores including Honda-ya Ageo Hinode in September 2025, Honda-ya Yashio Nishibukuro in January 2026, Joyful Honda Materials Center Chiba Hamanocho in March 2026, Honda-ya Higashikurume Hachimancho in June 2026 and Joyful Honda Materials Center Kitamoto Nakamaru in June 2026. It also opened the new-format Joyful Honda Materials Center FARM GARDEN+ Tochigi Hakonomorimachi store in April 2026, combining the existing Joyful Honda Materials Center format with agricultural and gardening products.」

「During the consolidated fiscal year, we opened the Pet’s CLOVER Kashiwa-no-ha store, a specialty pet retailer, in August 2025 and Honda-ya Ageo Hinode, a specialty store for professional tools and workwear, in September 2025. In addition, new stores including Honda-ya Yashio Nishibukuro and Joyful Honda Materials Center Chiba Hamanocho have been approved for opening from the third quarter onward, and we will continue accelerating our specialty-store opening strategy. We are also preparing to open a new-format store at the Joyful Honda Materials Center offering agricultural materials and equipment, gardening products and other items to meet a broad range of needs, from home gardening to professional farmers. Alongside deepening our existing businesses, we will continue advancing new initiatives.」

「During the fiscal year, we opened the second Pet’s CLOVER specialty pet store and the new-format Joyful Honda Materials Center in Isesaki, Gunma Prefecture, in June 2025.」

「In February, we will open Utsunomiya Motomimaizumi, the fourth Honda-ya professional shop under the concept of a store for tradespeople. In June, we also plan to open Tachikawa Saiwaicho, our fifth store and first location in Tokyo.」

「Going forward, we will also expand the conversion of other existing home improvement centers into professional shops. In February 2024, we plan to open the fourth standalone Honda-ya professional shop in Utsunomiya, Tochigi Prefecture, strengthening our initiative to specialize in products for tradespeople and professional users.」

「We will further strengthen preparations for opening additional Honda-ya professional shops, whose performance has been strong.」

「In April 2023, we opened the new store Joyful Honda Park Yoshioka in Yoshioka, Kitagunma District, Gunma Prefecture, embodying these initiatives. It is our first ultra-large store opened in 12 years and serves as a flagship store.」

「In April, we opened Oyama Ekimae, the first store under our new JOYHON store brand, in Oyama, Tochigi Prefecture. It was developed from our first repurposed existing property, excluding standalone specialty stores, and is also our first store located in front of a railway station.」

「Yoshioka area (Yoshioka, Kitagunma District, Gunma Prefecture)　New store construction　11,293　Internal funds　July 2014　April 2023　33,000」

「To strengthen our core business, we opened the third Honda-ya professional shop, Honda-ya Kashiwa Toyoshiki, in Kashiwa, Chiba Prefecture, in March. Honda-ya operates as a specialty store serving professional users of tools, hardware and workwear under the concept of a store for tradespeople.」

「In September last year, we opened the second Honda-ya professional shop in Funabashi, Chiba Prefecture. Going forward, we will continue opening stores in areas with strong professional demand while working with our home improvement centers to establish a dominant presence in each region, supporting tradespeople as a specialty retailer serving professional users of tools, hardware and workwear.」

「As part of our future store-opening strategy, we opened the second Honda-ya professional shop in Funabashi, Chiba Prefecture, in September. As a specialty store serving professional users of tools, hardware and workwear, we will continue supporting tradespeople.」

「We believe that further business expansion requires both revitalizing existing stores through new businesses and expanding our geographic presence through new store openings. To help customers understand our distinctiveness, we will select locations for large-scale stores and develop multiple standalone specialty stores, such as professional shops. We will operate these stores carefully over the long term so that they earn sustained customer support.」

「As a new initiative, the company also entered the fashion off-price store business, opening the limited-time pop-up store “ＤＩＳＣＡＶＡ！” inside its Utsunomiya store in November as a test location. Based on its performance, the company opened permanent stores in the Hitachinaka area in February and the Chiba New Town area in March. In the Hitachinaka area, it is also actively pursuing new categories, including expanding the outdoor goods section and beginning sales of fishing equipment.」

「As a new initiative, we entered the off-price fashion store business and opened the pop-up store DISCAVA! on 1 November as a temporary experimental store inside the Utsunomiya store.」

「Similarly, we are reviewing the performance and operating status of the new-format stores opened last fiscal year, namely Honda-ya Chiba Miyakocho, a specialty store for tools, hardware and workwear, and Pet's CLOVER Higashi-Omiya, a specialty pet store, and are working on the next stage of development.」

「Similarly, we are reviewing the performance and operating status of the new-format stores opened last fiscal year, namely Honda-ya Chiba Miyakocho, a specialty store for tools, hardware and workwear, and Pet's CLOVER Higashi-Omiya, a specialty pet store, and are working on the next stage of development.」

「Similarly, we are reviewing the performance and operating status of the new-format stores opened last fiscal year, namely Honda-ya Chiba Miyakocho, a specialty store for tools, hardware and workwear, and Pet's CLOVER Higashi-Omiya, a specialty pet store, and are working on the next stage of development.」

「As new store openings, in November 2017 we opened THE GLOBE Tsukuba, a specialty format for antiques and fashion accessories, inside a large-scale commercial facility, Aeon Mall Tsukuba, for the first time in our company's history. In March 2018, we opened Pet's CLOVER Higashi-Omiya, a specialty pet store, in Saitama, Saitama Prefecture. Later that month, we opened Honda-ya Chiba Miyakocho, a specialty store for professionals offering tools, hardware and workwear, in Chiba, Chiba Prefecture.」

「In March 2018, we opened Pet's CLOVER Higashi-Omiya store, a specialty pet business format, in Saitama, Saitama Prefecture.」

「In November 2017, we opened THE GLOBE, a specialty format for antiques and fashion accessories, inside a large-scale commercial facility, Aeon Mall Tsukuba, for the first time in our company's history.」

「Regarding store openings, we began reconstruction work in May 2017 to reopen the Chiba home center as our prototype medium-sized store.」

「In November 2016, our consolidated subsidiary Smile Honda Co., Ltd., which operates the home renovation business, opened the Tsukuba Showroom in Tsukuba, Ibaraki Prefecture, as its first standalone store, featuring the latest display booths. The store was also the first in our company to introduce a VR system, enabling customers to experience virtually what the interior of a renovated building would look like. In late March 2017, we opened a farm-produce direct sales outlet, Joy Marche, at Garden Center Newport Hitachinaka in Hitachinaka, Ibaraki Prefecture, its third location after Garden Center Mizuho and Garden Center Satte.」

「In addition to opening Nitta store in Ota, Gunma Prefecture, in late June 2016 as the sixth store of Joyful Vehicle Inspection and Tire Center Co., Ltd., which became a consolidated subsidiary at the end of the previous consolidated fiscal year, we opened Smile Honda Tsukuba Showroom in Tsukuba, Ibaraki Prefecture, in late November 2016 through our consolidated subsidiary Smile Honda Co., Ltd. It began operations as a community-based specialty store for home renovations and exterior construction.」

「As a new product offering, in November 2016 we opened Memorial Gallery, a specialty store for Buddhist altars and Buddhist altar fittings, at the Moria store in Moriya, Ibaraki Prefecture. This was the third store, following Home Center Newport Hitachinaka and Home Center Utsunomiya.」

「In late June 2016, we opened Nitta store in Ota, Gunma Prefecture, the sixth store of Joyful Vehicle Inspection and Tire Center Co., Ltd., which became a consolidated subsidiary at the end of the previous consolidated fiscal year.」

「Further business expansion through new businesses and store openings」