Financial Highlights

	2022/3	2023/3	2024/3	2025/3	2026/3
Net Sales (Millions of Yen)	24,609	28,218	28,697	28,609	32,502
Operating Income (Millions of Yen)	△1,771	△481	△442	△64	371
Ordinary Income (Millions of Yen)	△1,615	△378	△336	△233	177
Net Income Attributable to Owners of Parent (Millions of Yen)	△3,544	6,757	291	△2,483	1,893
Net Income per Share (Yen)	△108.37	207.46	10.22	△91.65	69.39
Net Assets per Share (Yen)	209.89	442.30	511.82	419.23	367.56
Net Sales by Business (Millions of Yen)
Clothing Business	21,886	25,363	25,741	25,298	29,265
Real Estate and Leasing	2,774	2,895	2,998	3,310	3,237
Consolidated Adjustment	△52	△41	△41	△43	△42
Total	24,609	28,218	28,697	28,609	32,502

Summary of Business Operating Results by Business (consolidated)

Fiscal year ended March 2026

Clothing Business

Japan Blue Co., Ltd, which became a consolidated subsidiary in August 2025, continued to demonstrate growth at a pace exceeding our expectations at the time that the denim-based product brands Momotaro Jeans and Japan Blue Jeans were acquired. During the consolidated fiscal year under review, these businesses were included in the results for the half-year period beginning from the third consolidated fiscal quarter and were a significant contributor to consolidated operating profit.
The Brooks Brothers brand benefited from product development and collaborative projects for the Japanese market, resulting in solid sales growth. Even so, profit decreased compared to the previous fiscal period due to factors that include increases in discount sales campaigns aimed at achieving sales targets for the spring and summer seasons.
Sales for the New Yorker brand declined substantially compared to the previous fiscal year, particularly at outlet stores. As a result, we carried out a large-scale closure of unprofitable store locations at the end of the fiscal year. In addition, in March 2026 we launched the new label Park Slope New Yorker with an aim to expand our customer reach via outlet stores and e-commerce, an initiative that has been well received by customers.
At our Pontetorto apparel materials manufacturing subsidiary in Italy, while changes in market conditions resulted in a temporary stagnation in business performance, we are beginning to observe a steady recovery from the current fiscal period driven largely by sports apparel.
As a result of the above, we achieved sales of JPY 29,265 million (an increase of 15.7% compared to the previous fiscal period) and a profit for the segment (operating profit) of JPY 759 million (compared to operating losses of JPY 37 million during the previous fiscal period). This marked the apparel business's first return to operating profitability in seven fiscal periods.

Real Estate and Leasing Business

We celebrated the 25th year of operation of Dynacity, our shopping center in Odawara. This facility continues to serve as a stable source of revenue for the Daidoh Limited Group.
In an aim to improve efficiency of capital, the corporate real estate division sold a hotel located in Tokyo’s Chiyoda ward in March 2025 and an office building located in Tokyo’s Bunkyo ward in September 2025, which together resulted in lower revenue and profit. Regarding the transfer value of real estate, we are seeking to maximize corporate value through efforts to assure growth investments (including mergers and acquisitions) and shareholder returns for the current period.
As a result of the above, the segment achieved sales of JPY 3,237 million (a decrease of 2.2% compared to the previous fiscal period) and profits (operating profit) of JPY 910 million (a decrease of 8.1% compared to the previous fiscal period).

Corporate Segment

With respect to full-company revenue and full-company costs that are not allocated to one of the reported segments, the JPY 228 million of costs related to the acquisition of Japan Blue Co., Ltd. was accounted for as selling, general, and administrative expenses. These costs occurred under extraordinary circumstances during the consolidated fiscal year under review, and are not expected to occur during the next consolidated fiscal year.
As a result of the above, the Corporate Segment recorded an operating loss of JPY 1,299 million, representing an increase of 27.6% compared with the previous fiscal period.

Financial Situation (consolidated)

Fiscal year ended March 2026

Total Assets

While we posted increases in accounts receivable, goodwill, and trademark rights, we saw decreases in buildings, structures, and land holdings. This resulted in total assets of JPY 36,940 million, a decrease of JPY 455 million compared to the end of the previous fiscal period.

Total Liabilities

Total liabilities were JPY 25,136 million, a decrease of JPY 64 million compared to the end of the previous fiscal period. This change was due to factors such as decreases in deferred tax liabilities and long-term borrowing, despite increases in short-term loans payable.

Net Assets

As a result of an increase in non-controlling interests and net profits for the current fiscal period that can be attributed to parent-company shareholders, retained earnings increased. However, due to dividend payments from capital surplus and a decrease in unrealized gains on available-for-sale securities, net assets were JPY 11,804 million, a decrease of JPY 390 million compared to the previous fiscal period, with a capital-to-asset ratio of 27.3% (down from 30.5% at the end of the previous fiscal period).