And St Hd Co.ltd. TSE:2685

And ST HD : Notice Regarding Variance Between Non-Consolidated Results and Results of the Previous Fiscal Year

Published

Source: MarketScreener

(This document is an excerpt translation of the Japanese original document and is only for reference purpose)

To Whom It May Concern,



April 6, 2026

Company name

and ST HD Co., Ltd.

Representative

Taiki Fukuda, Representative Director and President

(Securities code: 2685 TSE Prime Market)

Inquiries

Masatake Hayashi, Group Executive Officer, General Manager of Corporate Planning Office

(TEL:03-5466-2060)

Notice Notice Regarding Variance Between Non-Consolidated Results and Results of the Previous Fiscal Year

and ST HD Group (the "Company") hereby announces that its non-consolidated results for the fiscal year ended February 28, 2026 (March 1, 2025 to February 28, 2026) showed a variance compared to the results of the previous fiscal year as described below.

  1. Variance in Non-Consolidated Results from the Previous Fiscal Year

    Net sales

    million yen

    Operatign profit

    million yen

    Ordinary profit

    million yen

    Net income

    million yen

    Net income per share

    Yen

    Fiscal year ended Feb.28, 2025（A）

    230,983

    13,449

    14,888

    10,792

    118

    Fiscal year ended Feb.28, 2026（B）

    124,736

    7,612

    9,818

    5,459

    235

    Amount of Change

    △ 106,247

    △ 5,837

    △ 5,069

    △ 5,333

    Percentage of Change

    △ 46.0

    △ 43.4

    △ 34.1

    △ 49.4

  2. Reasons for the Variance

On September 1, 2025, the Company executed a company split (absorption-type split). Through this split, the Company transferred all rights and obligations related to its business operations-excluding those related to group management and administration-to Adastria Co., Ltd., a wholly-owned subsidiary of the Company, and transitioned to a pure holding company structure. As a result, in the non-consolidated results for the current fiscal year, revenue from the transferred operations (including apparel and sundries businesses) was recognized only for the six-month period from March 1, 2025, to August 31, 2025. This transition is the primary factor for the significant variance from the results of the previous fiscal year. Please note that as this matter pertains to a group-wide organizational restructuring, there is no negative impact on the consolidated financial results.

End