TENMAYA STORE CO.,LTD.

TENMAYA STORE CO.,LTD. is a company centered on retail operations, primarily in Okayama Prefecture. During the interim consolidated accounting period, its business consisted mainly of two segments: Retail Operations and Retail-Related Operations. In Retail Operations, the company is working to improve its product lineup centered on fresh foods, promote local production for local consumption, expand high-value-added products such as Seven Premium, pursue a low-price strategy including its price-cutting declaration, and improve sales capabilities and productivity by strengthening community-based stores. For the period from 1 March 2026 to 31 August 2026, operating revenue from Retail Operations was ¥25,926 million, up 1.4% year on year, while operating profit was ¥812 million, down 11.3%. Retail-Related Operations are centered on the manufacture and sale of prepared foods, as well as food-service operations, and the company is strengthening quality and hygiene management and product development while affected by higher raw-material prices. Operating revenue from Retail-Related Operations was ¥4,089 million, up 3.1% year on year, while operating profit was ¥141 million, down 8.1%. At the end of the interim consolidated accounting period, total assets were ¥47,364 million, total liabilities were ¥18,936 million, and net assets were ¥28,428 million. The interim-period-end balance of cash and cash equivalents was ¥582 million, down ¥59 million from the end of the previous fiscal year, while the interim-period-end balance of cash and cash equivalents was ¥522 million. The equity ratio was 60.9%. The period-end balance of cash and cash equivalents was ¥522 million, compared with a beginning balance of ¥581 million. There were no material changes to management policies or strategies during the interim period, and no new material issues arose. Areas of focus going forward include the opening and development of 天満屋ハピーズ西大寺モール, with 天満屋ハピーズ西大寺店 opened first within the mall and specialty stores scheduled to open sequentially from July; the full renovation of 天満屋ハピーズ笠岡美の浜店 in June; and the opening and renovation of stores in Tamano and other locations in parallel, to strengthen community ties and improve convenience. The company is also promoting problem-solving education and joint product development through collaboration with local universities. - Key risk factors include pressure on energy supplies caused by instability in the Middle East, continued yen depreciation, and the impact of higher prices on personal consumption. In the retail sector, costs such as labor and logistics expenses continue to rise, while consumers remain strongly inclined to economize. - Current business initiatives include the continued development of mall-format stores, strengthening of community-based product assortments, operation of local-production-for-local-consumption corners and morning markets, and proposals reflecting local food culture.