Semi-Annual Report — FY2026 H1

During the current interim consolidated accounting period, sales to existing customers exceeded the previous year, while sales to walk-in customers fell below the previous year. Sales fell below the previous year and the company recorded an operating loss, partly due to the decline in the number of stores, mainly in the department store channel. In addition, the term of the license agreement with Burberry Japan was renewed, and resolutions were made to transfer part of the land beneath the head office building, with delivery scheduled for August 2027. A stock split effective 1 September 2026, the acquisition of treasury shares, and dividend payments were also carried out.