Q1 progress reached 24.2% of the FY2027 full-year revenue forecast and 30.0% of the operating profit forecast

FY2027-Q1 revenue was ¥17,414 million, operating profit was ¥1,951 million and net income attributable to owners of the parent was ¥1,105 million. Year on year, revenue rose 29.5%, operating profit 28.7% and net income 10.7%, with growth secured across all major profit measures. Progress against the full-year forecast was 17,414 million ÷ 72,000 million, or 24.2%, for revenue, and 1,951 million ÷ 6,500 million, or 30.0%, for operating profit, meaning profit progress exceeded revenue progress.

Meanwhile, FY2026 revenue was ¥52,651 million and operating profit was ¥5,326 million, up from ¥44,537 million and ¥4,742 million, respectively, in FY2025. The FY2027 full-year forecasts are ¥72,000 million in revenue and ¥6,500 million in operating profit, implying further increases of ¥19,349 million and ¥1,174 million, respectively, from FY2026 actual results. Rather than judging performance solely on Q1's strong growth, checking whether 2Q alone can deliver at least ¥18,586 million in revenue and ¥1,299 million in operating profit will provide a concrete measure of the distance to 50% progress against the full-year forecast.

Beverage demand is seasonal, and past disclosures show that first-half revenue has accounted for 53% of full-year revenue in some years. This ratio cannot be applied mechanically to FY2027, but it will be necessary to check whether FY2027-H1 results exceed 50% of the full-year forecast, and whether the reason is higher production volume, secured customers, price revisions or the vending-machine channel. In particular, the key criterion for assessing the new line and channel expansion in the second half will be whether revenue can increase while maintaining the operating margin, rather than merely whether first-half revenue rises.