Consolidated Fiscal year ended August 31, 2025

Amount

FY2021

FY2022

FY2023

FY2024

FY2025

Net sales

834,060

792,368

815,560

922,572

974,483

Cost of sales

595,501

578,525

597,687

678,926

713,972

Gross profit

238,558

213,843

217,873

243,646

260,511

SG&A expenses

220,340

195,980

203,657

219,257

230,236

Operating profit

18,217

17,863

14,215

24,388

30,274

Ordinary profit

21,629

20,808

16,566

26,674

31,929

Profit attributable to owners of parent

8,761

5,765

2,936

13,908

17,476

Sales ratio

FY2021

FY2022

FY2023

FY2024

FY2025

Cost of sales

71.4

73.0

73.3

73.6

73.3

Gross profit

28.6

27.0

26.7

26.4

26.7

SG&A expenses

26.4

24.7

25.0

23.8

23.6

Operating profit

2.2

2.3

1.7

2.6

3.1

Ordinary profit

2.6

2.6

2.0

2.9

3.3

Profit attributable to owners of parent

1.1

0.7

0.4

1.5

1.8

Amount

FY2021 1H

FY2022 1H

FY2023 1H

FY2024 1H

FY2025 1H

Net sales

421,211

392,360

407,653

447,524

479,502

Cost of sales

302,547

287,763

300,271

332,170

352,771

Gross profit

118,664

104,596

107,382

115,354

126,731

SG&A expenses

108,407

95,156

99,999

105,638

111,815

Operating profit

10,256

9,439

7,382

9,715

14,915

Ordinary profit

12,121

10,665

8,422

10,924

15,834

Profit attributable to owners of parent

5,689

4,770

4,205

5,558

9,006

Sales ratio

FY2021 1H

FY2022 1H

FY2023 1H

FY2024 1H

FY2025 1H

Cost of sales

71.8

73.3

73.7

74.2

73.6

Gross profit

28.2

26.7

26.3

25.8

26.4

SG&A expenses

25.7

24.3

24.5

23.6

23.3

Operating profit

2.4

2.4

1.8

2.2

3.1

Ordinary profit

2.9

2.7

2.1

2.4

3.3

Profit attributable to owners of parent

1.4

1.2

1.0

1.2

1.9

Amount

FY2021 2H

FY2022 2H

FY2023 2H

FY2024 2H

FY2025 2H

Net sales

412,848

400,008

407,906

475,047

494,981

Cost of sales

292,954

290,761

297,415

346,755

361,200

Gross profit

119,894

109,247

110,491

128,291

133,780

SG&A expenses

111,933

100,823

103,657

113,618

118,421

Operating profit

7,961

8,423

6,833

14,673

15,359

Ordinary profit

9,508

10,142

8,143

15,749

16,094

Profit attributable to owners of parent

3,072

995

(1,268)

8,350

8,469

Sales ratio

FY2021 2H

FY2022 2H

FY2023 2H

FY2024 2H

FY2025 2H

Cost of sales

71.0

72.7

72.9

73.0

73.0

Gross profit

29.0

27.3

27.1

27.0

27.0

SG&A expenses

27.1

25.2

25.4

23.9

23.9

Operating profit

1.9

2.1

1.7

3.1

3.1

Ordinary profit

2.3

2.5

2.0

3.3

3.3

Profit attributable to owners of parent

0.7

0.2

(0.3)

1.8

1.7

FY2021

As of Aug.2021

FY2022

As of Aug.2022

FY2023

As of Aug.2023

FY2024

As of Aug.2024

FY2025

As of Aug.2025

Total net assets

179,523

169,133

176,383

193,179

211,767

Total assets

454,466

456,466

449,840

478,248

492,531

Equity capital

143,730

131,375

137,173

152,280

168,309

Total interest-bearing debt

150,689

133,498

123,565

104,284

96,210

Short-term interest bearing debt

82,612

88,565

98,852

78,444

72,938

Long-term interest bearing debt

68,076

44,932

24,712

25,839

23,272

FY2021

FY2022

FY2023

FY2024

FY2025

BPS（JPY）

816.94

767.54

801.38

889.58

983.01

EPS（JPY）

49.80

33.22

17.16

81.25

102.08

Equity ratio（%）

31.6

28.8

30.5

31.8

34.2

ROE（%）

6.2

4.2

2.2

9.6

10.9

ROA（%）

4.7

4.6

3.7

5.7

6.6

Debt equity ratio（times）

1.0

1.0

0.9

0.7

0.6

FY2021

As of Feb.2021

FY2022

As of Feb.2022

FY2023

As of Feb.2023

FY2024

As of Feb.2024

FY2025

As of Feb.2025

Total net assets

176,919

171,216

173,127

184,432

198,798

Total assets

466,309

468,204

464,948

491,350

491,876

Equity capital

142,635

134,867

134,851

144,860

157,028

Total interest-bearing debt

161,369

145,218

139,162

140,745

112,746

Short-term interest bearing debt

83,635

88,935

105,460

123,551

86,335

Long-term interest bearing debt

77,734

56,282

33,701

17,193

26,411

FY2021

FY2022

FY2023

FY2024

FY2025

BPS（JPY）

810.71

775.88

787.83

846.23

917.12

EPS（JPY）

32.34

27.16

24.57

32.47

52.61

Equity ratio（%）

30.6

28.8

29.0

29.5

31.9

ROE（%）

4.1

3.4

3.2

3.9

5.8

ROA（%）

2.6

2.3

1.8

2.3

3.3

Debt equity ratio（times）

1.1

1.1

1.0

1.0

0.7

FY2021

Sep.2020 - Aug.2021

FY2022

Sep.2021 - Aug.2022

FY2023

Sep.2022 - Aug.2023

FY2024

Sep.2023 - Aug.2024

FY2025

Sep.2024 - Aug.2025

Amount

Composition ratio

Amount

Composition ratio

Amount

Composition ratio

Amount

Composition ratio

Amount

Composition ratio

Audio visual products

127,739

15.3

116,425

14.7

112,385

13.8

119,093

12.9

118,923

12.2

Cameras

22,571

2.7

23,542

3.0

26,339

3.2

32,228

3.5

32,616

3.3

TVs

50,197

6.0

43,201

5.5

37,441

4.6

35,909

3.9

35,137

3.6

BD/DVD recorders, Video cameras

13,695

1.6

10,687

1.3

9,347

1.2

9,920

1.0

10,442

1.1

Audios

11,995

1.4

10,713

1.3

10,602

1.3

10,072

1.1

9,421

1.0

Others

29,279

3.6

28,279

3.6

28,655

3.5

30,961

3.4

31,305

3.2

Home appliances

279,264

33.5

261,878

33.0

256,449

31.4

257,811

27.9

260,753

26.8

Refrigerators

43,085

5.2

41,605

5.2

38,556

4.7

38,068

4.1

37,321

3.8

Washing machines

41,986

5.0

41,128

5.2

41,992

5.1

40,668

4.4

40,668

4.2

Kitchen appliances

34,170

4.1

32,439

4.1

31,424

3.9

32,791

3.6

33,332

3.4

Seasonal home electronics

71,606

8.6

60,998

7.7

56,332

6.9

54,575

5.9

56,314

5.8

Personal care electronics

37,838

4.5

39,389

5.0

43,778

5.4

47,879

5.2

48,145

5.0

Others

50,576

6.1

46,317

5.8

44,364

5.4

43,827

4.7

44,971

4.6

nformation communications

quipment products

270,466

32.4

262,778

33.2

258,207

31.7

327,133

35.5

362,512

37.2

PCs

77,396

9.3

66,214

8.4

60,810

7.5

57,317

6.2

59,329

6.1

PC peripherals

30,845

3.7

30,176

3.8

27,548

3.4

26,481

2.9

29,804

3.1

Cellular phones

108,447

13.0

117,866

14.9

123,871

15.2

189,502

20.6

216,464

22.2

Others

53,777

6.4

48,520

6.1

45,978

5.6

53,832

5.8

56,913

5.8

Other products

143,693

17.3

138,090

17.4

175,352

21.5

205,656

22.3

219,788

22.5

Video Games

43,783

5.3

36,147

4.6

46,905

5.8

41,576

4.5

40,727

4.2

Watches

11,246

1.4

10,335

1.3

12,344

1.5

14,754

1.6

15,370

1.6

Used PCs

10,106

1.2

16,039

2.0

29,485

3.6

31,322

3.4

33,348

3.4

Sporting goods

10,061

1.2

9,552

1.2

10,722

1.3

10,810

1.2

10,978

1.1

Toys

11,455

1.4

11,897

1.5

14,848

1.8

16,854

1.8

17,559

1.8

Glasses and Contact lenses

4,360

0.5

4,436

0.5

4,718

0.6

5,013

0.6

5,005

0.5

Liquors and Soft drinks

5,909

0.7

5,474

0.7

6,352

0.8

7,718

0.8

8,436

0.9

Medicines and Daily goods

8,691

1.0

8,775

1.1

12,130

1.5

15,013

1.6

17,664

1.8

Others

38,078

4.6

35,431

4.5

37,844

4.6

62,592

6.8

70,697

7.2

Retail goods sales

821,164

98.5

779,172

98.3

802,395

98.4

909,694

98.6

961,978

98.7

BS digital broadcasting business

11,188

1.3

11,478

1.5

11,537

1.4

11,296

1.2

10,971

1.1

Other business

1,707

0.2

1,717

0.2

1,627

0.2

1,581

0.2

1,533

0.2

Total

834,060

100.0

792,368

100.0

815,560

100.0

922,572

100.0

974,483

100.0

FY2021

As of Aug.2021

FY2022

As of Aug.2022

FY2023

As of Aug.2023

FY2024

As of Aug.2024

FY2025

As of Aug.2025

Assets

Total current assets

258,077

252,258

247,245

263,467

278,158

Cash and deposits

108,973

91,081

75,135

71,396

69,284

Accounts receivable - trade

37,501

41,672

44,540

49,336

56,112

Merchandise and finished goods

98,584

100,872

105,260

109,481

115,180

Total non-current assets

196,388

204,207

202,595

214,780

214,373

Total property, plant and equipment

85,774

87,030

83,104

80,031

79,136

Buildings and structures, net

27,041

27,912

25,547

24,668

24,063

Machinery, equipment and vehicles, net

1,643

4,074

3,680

2,936

2,441

Land

46,984

47,594

47,747

47,038

47,057

Leased assets, net

1,720

1,222

1,016

727

600

Construction in progress

837

279

68

94

406

Total intangible assets

31,040

30,222

31,990

39,354

38,875

Goodwill

4,742

5,496

5,303

9,649

8,597

Total investments and other assets

79,574

86,954

87,500

95,394

96,361

Investment securities

12,229

13,192

16,918

25,468

32,642

Long-term loans receivable

1,078

416

1,798

1,772

1,309

Deferred tax assets

20,812

24,466

20,863

20,760

16,318

Retirement benefit asset

3,041

2,942

3,138

3,390

3,738

Guarantee deposits

41,809

41,094

40,641

39,567

37,690

Total assets

454,466

456,466

449,840

478,248

492,531

FY2021

As of Aug.2021

FY2022

As of Aug.2022

FY2023

As of Aug.2023

FY2024

As of Aug.2024

FY2025

As of Aug.2025

Liabilities

Total current liabilities

173,589

197,781

204,862

213,009

213,426

Accounts payable - trade

38,098

42,810

39,919

50,014

52,227

Short-term borrowings

56,496

65,006

78,000

61,190

64,404

Current portion of bonds payble

200

200

200

200

-

Current portion of long-term borrowings

25,387

22,954

20,304

16,788

8,387

Lease obligations

528

404

348

265

146

Provision for bonuses

3,527

3,867

4,358

6,154

6,537

Contract liabilities

-

34,390

31,112

31,529

34,172

Provision for point card certificates

13,029

-

-

-

-

Provision for loss on store closing

203

506

135

158

34

Total non-current liabilities

101,353

89,551

68,593

72,059

67,337

Bonds payable

600

400

200

-

-

Long-term borrowings

66,491

43,945

24,022

25,559

23,039

Lease obligations

985

587

490

280

232

Contract liabilities

-

8,942

8,781

9,005

9,380

Provision for goods warranties

402

262

178

139

113

Provision for loss on store closing

438

458

387

109

80

Retirement benefit liability

18,323

19,767

19,347

20,993

19,880

Asset retirement obligations

9,230

10,187

10,387

10,742

10,565

Total liabilities

274,942

287,332

273,456

285,068

280,764

Net assets

Total shareholders' equity

142,287

130,097

130,764

141,408

151,773

Share capital

25,929

25,929

25,929

25,929

25,929

Capital surplus

27,103

27,107

27,081

27,055

27,086

Retained earnings

105,983

98,753

99,438

110,094

120,381

Treasury shares

(16,729)

(21,693)

(21,684)

(21,670)

(21,624)

Total accumulated other comprehensive income

1,443

1,278

6,409

10,871

16,536

Valuation difference on available-for-sale securities

1,593

1,599

5,517

10,084

14,263

Remeasurements of defined benefit plans

(149)

(321)

892

787

2,273

Non-controlling interests

35,640

37,574

38,998

40,729

43,190

Total net assets

179,523

169,133

176,383

193,179

211,767

Total liabilities and net assets

454,466

456,466

449,840

478,248

492,531

FY2021

Sep.2020 - Aug.2021

FY2022

Sep.2021 - Aug.2022

FY2023

Sep.2022 - Aug.2023

FY2024 FY2025

Sep.2023 - Aug.2024 Sep.2024 - Aug.2025

Net sales

834,060

792,368

815,560

922,572

974,483

Cost of sales

595,501

578,525

597,687

678,926

713,972

Gross profit

238,558

213,843

217,873

243,646

260,511

SG&A expenses

220,340

195,980

203,657

219,257

230,236

Points expenses

25,571

-

-

-

-

Salaries and allowances

32,410

34,308

37,279

43,585

47,881

Provision for bonuses

3,457

3,810

4,282

6,008

6,385

Retirement benefit expenses

2,576

2,313

2,375

2,376

2,360

Rent expenses

35,291

36,173

36,742

37,710

38,056

Depreciation expenses

9,408

9,539

9,511

9,959

9,683

Amortization of goodwill

548

840

705

1,024

1,052

Operating profit

18,217

17,863

14,215

24,388

30,274

Total non-operating income

4,071

3,512

2,798

3,002

2,482

Interest income and Dividend income

295

581

342

385

577

Commission income

1,403

1,532

1,632

1,687

627

Sponsorship money income

744

-

-

-

-

Total non-operating expenses

659

567

448

716

827

Interest expenses

320

274

229

350

638

Commission expenses

107

71

42

212

62

Ordinary profit

21,629

20,808

16,566

26,674

31,929

Total extraordinary income

566

260

393

560

5

Gain on sale of businesses

-

-

-

405

-

Total extraordinary losses

2,655

6,418

6,887

3,985

2,072

Loss on valuation of investment securities

111

185

1,718

-

434

Impairment loss

1,760

4,658

4,407

3,193

1,411

Loss on withdrawal from business

-

-

-

647

-

Loss due to temporary closure

211

-

-

-

-

Profit before income taxes

19,540

14,649

10,072

23,249

29,862

Total income taxes

6,785

5,275

5,102

6,739

9,464

Income taxes - current

5,865

4,248

4,177

7,234

7,883

Income taxes - deferred

920

1,026

925

(495)

1,580

Profit

12,755

9,374

4,969

16,510

20,397

Profit attributable to non-controlling interests

3,994

3,608

2,032

2,601

2,920

Profit attributable to owners of parent

8,761

5,765

2,936

13,908

17,476

FY2021

Sep.2020 - Aug.2021

FY2022

Sep.2021 - Aug.2022

FY2023

Sep.2022 - Aug.2023

FY2024

Sep.2023 - Aug.2024

FY2025

Sep.2024 - Aug.2025

Cash flows from operating activities

7,763

25,317

10,078

41,994

25,355

Profit before income taxes

19,540

14,649

10,072

23,249

29,862

Depreciation

10,295

10,206

10,447

10,737

10,311

Impairment loss

1,760

4,658

4,407

3,193

1,411

Decrease (increase) in trade receivables

4,572

(3,567)

(998)

(3,490)

(6,776)

Decrease (increase) in inventories

2,904

(494)

(4,260)

(1,976)

(5,799)

Increase (decrease) in trade payables

(20,867)

4,582

(3,478)

9,786

2,212

Income taxes paid

(3,349)

(6,214)

(4,039)

(3,923)

(8,733)

Cash flows from investing activities

(12,356)

(18,076)

(11,118)

(30,073)

(14,772)

Purchase of property, plant and equipment

(4,107)

(7,566)

(5,147)

(3,517)

(5,198)

Proceeds from sales of property, plant and

equipment

147

407

208

287

7

Purchase of intangible assets

(5,264)

(3,760)

(5,675)

(3,482)

(5,002)

Cash flows from financing activities

(4,387)

(26,565)

(13,580)

(23,659)

(15,994)

Net increase (decrease) in short-term

borrowings

24,320

7,630

12,994

(16,810)

3,214

Proceeds from long-term borrowings

7,000

495

500

19,000

6,400

Repayments of long-term borrowings

(32,411)

(25,663)

(23,137)

(20,979)

(17,320)

Repayments of lease obligations

(662)

(529)

(460)

(411)

(271)

Effect of exchange rate change on cash and

cash equivalents

0

2

0

(0)

0

Net increase (decrease) in cash and cash

equivalents

(8,979)

(19,321)

(14,620)

(11,738)

(5,411)

Cash and cash equivalents at beginning of

period

117,211

108,857

89,536

75,135

63,396

Cash and cash equivalents at end of period

108,857

89,536

75,135

63,396

57,984

FY2021

Sep.2020 - Aug.2021

FY2022

Sep.2021 - Aug.2022

FY2023

Sep.2022 - Aug.2023

FY2024

Sep.2023 - Aug.2024

FY2025

Sep.2024 - Aug.2025

Net sales

440,298

405,608

425,526

450,356

472,422

Cost of sales

324,055

306,973

322,494

340,557

356,440

Gross profit

116,242

98,634

103,032

109,798

115,981

SG&A expenses

115,739

98,558

102,185

103,415

106,505

Points expenses

18,519

-

-

-

-

Salaries and allowances

15,491

16,100

16,414

17,832

20,269

Logistics expenses

13,258

12,008

11,975

12,222

13,412

Rent expenses

21,713

21,922

21,857

21,308

21,199

Operating profit

503

75

847

6,383

9,476

Non-operating income

3,652

3,556

3,203

5,330

5,581

Non-operating expenses

255

338

190

244

422

Ordinary profit

3,900

3,294

3,860

11,468

14,636

Extraordinary income

213

1,445

247

130

-

Extraordinary loss

1,779

2,246

7,682

3,127

720

Profit before income taxes

2,334

2,493

(3,574)

8,472

13,915

Profit income

1,358

2,057

(4,304)

6,142

10,830

Sales ratio

FY2021 FY2022

FY2023

FY2024

FY2025

Cost of sales

73.6 75.7

75.8

75.6

75.4

Gross profit

26.4 24.3

24.2

24.4

24.6

SG&A expenses

26.3 24.3

24.0

23.0

22.5

Points expenses

4.2 -

-

-

-

Salaries and allowances

3.5 4.0

3.9

4.0

4.3

Logistics expenses

3.0 3.0

2.8

2.7

2.8

Rent expenses

4.9 5.4

5.1

4.7

4.5

Operating profit

0.1 0.0

0.2

1.4

2.0

Ordinary profit

0.9 0.8

0.9

2.5

3.1

Profit income

0.3 0.5

(1.0)

1.4

2.3

Sales floor space（m2）

FY2021

As of Aug.2021

FY2022

As of Aug.2022

FY2023

As of Aug.2023

FY2024

As of Aug.2024

FY2025

As of Aug.2025

Consolidated

680,795

694,165

683,821

695,768

691,430

Non-consolidated

244,952

242,654

229,969

226,272

223,752

Number of stores

As of Aug.2021

As of Aug.2022

As of Aug.2023

As of Aug.2024

As of Aug.2025

Consolidated *1

213

261

259

259

260

Non-consolidated

45

45

43

43

42

Kojima

140

141

141

139

139

Sofmap / Outlet

28

24

24

23

22

Janpara

-

50

51

54

57

Ranet / Arrow Japan / Somobile / Tdmobile

89

96

115

238

243

Number of employees

FY2021

FY2022

FY2023

FY2024

FY2025

Consolidated

9,466

9,699

10,200

11,588

12,039

（The average number of part-time employees）*2

7,008

7,241

7,534

7,857

7,531

Non-consolidated

4,511

4,552

4,448

4,755

4,912

（The average number of part-time employees）*2

1,746

1,696

1,732

1,758

1,596