To All Shareholders

Under these circumstances, the Group's performance posted steady sales in Business Wear Business and Franchisee Business, while sales in Printing and Media Business and Sundry Sales Business declined year on year. In addition, the impact of the income tax adjustment recorded in the previous year was negligible in the current year.
As for the return of profits to shareholders during the new Medium-Term Management Plan period from the fiscal year ending March 31, 2025 to the fiscal year ending March 31, 2027, the Company's basic policies are to actively and stably return profits to shareholders while investing in growth to maintain and strengthen competitiveness and working to improve earning capacity and strengthen its financial position.
In addition, to realize management that is conscious of the cost of capital and the share price, and to further advance initiatives to increase corporate value, we will adopt the higher of the consolidated dividend payout ratio of 70% or the dividend on equity ratio (DOE) of 3% and we will improve capital efficiency and increasing dividends over the mid to long term and pay dividends through profit growth.
We look forward to the continued support of our shareholders.

(￥　Millions)

In this segment, sales were 5.265 billion yen (up 6.2% year on year), and segment profit (operating profit) was 1.977 billion yen (down 2.4% year on year), due to an increase in sales promotion expenses and other factors, despite an increase in shopping transaction volume as a result of various campaigns. The Company procures funds through borrowings from its parent company, Aoyama Trading Co., Ltd., etc., and issuance by Bonds payable.
Number of effective members are 3.85 million as end of February 2025.

In this segment, sales were 15.113 billion yen (down 0.8% year on year), and segment profit (operating profit) was 141 million yen (down 42.4% year on year), due to the closure of unprofitable stores and the impact of soaring costs, despite year-on-year increases in existing store sales. As of the end of February 2025, there were 101 stores.

In this segment, sales were 14.13 billion yen (up 5.7% year on year), and segment profit (operating profit) was 161 million yen (down 6.0% year on year). This was mainly due to the aggressive promotion of franchise stores in the overseas business and new services in the Japan business, such as suitcase caster replacement and umbrella repair services, which compensated for a decrease in sales in the mainstay shoe repair business.

In this segment, sales were 16.214 billion yen (up 7.0% year on year), and segment profit (operating profit) was 1.118 billion yen (up 2.5% year on year), both record highs, due to year-on-year increases in net sales at existing stores in each business category and steady progress in store openings.

In this segment, sales were 2.984 billion yen (down 2.7% year on year), and segment profit (operating profit) was 578 million yen (up 3.9% year on year).

In the Other Businesses segment, sales were 1.11 billion yen (down 25.4% year on year), and segment loss (operating loss) was 284 million yen (254 million yen in the previous fiscal year). As of March 31, 2025, there were eight WTW stores.