Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under Japanese GAAP)[PDF: 726KB]

April 28, 2026

Representative: Tatsuyuki Sakoda, President, CEO & COO

Inquiries: Kazuyoshi Matsuura, Manager of Corporate Management Dept. Telephone: +81-3-5781-6201

Scheduled date of annual general meeting of shareholders: June 18, 2026 Scheduled date to commence dividend payments: June 3, 2026 Scheduled date to file annual securities report: June 12, 2026 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

(Amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

   1. Consolidated operating results

      (Percentages indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit before income taxes		Net profit attributable to owners of parent
      Fiscal year ended	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%
      Mar. 31, 2026	299,293	(3.9)	13,056	(9.9)	14,193	(12.4)	14,187	(13.0)	12,011	3.0
      Mar. 31, 2025	311,546	1.3	14,492	(3.6)	16,198	11.9	16,316	11.0	11,658	21.1

      Note: Comprehensive income

      For the fiscal year ended Mar.31, 2026: 14,162 million yen [8.9%] For the fiscal year ended Mar.31, 2025: 13,009 million yen [2.7%]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
      Fiscal year ended	yen	yen	%	%	%
      Mar. 31, 2026	487.36	—	12.4	9.5	4.4
      Mar. 31, 2025	473.06	—	13.4	11.2	4.7

      Reference: Share of profit of entities accounted for using equity method For the fiscal year ended Mar.31, 2026: 266 million yen

      For the fiscal year ended Mar.31, 2025: 279 million yen

   2. Consolidated financial position

   	Total assets	Net assets	Equity ratio	Net assets per share
   As of	Millions of yen	Millions of yen	%	yen
   Mar. 31, 2026	153,373	102,444	66.7	4,152.02
   Mar. 31, 2025	146,076	92,101	63.0	3,733.26

   Reference: Equity

   As of Mar. 31, 2026: 102,328 million yen

   As of Mar. 31, 2025: 92,009 million yen

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended Mar. 31, 2026	Millions of yen 11,543	Millions of yen (1,824)	Millions of yen (5,010)	Millions of yen 28,198
   Mar. 31, 2025	7,141	(1,027)	(4,775)	23,203

2. Dividends

   	Annual dividends per share					Total cash dividends	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Fiscal year ended	yen	yen	yen	yen	yen	Millions of yen	%	%
   Mar. 31, 2025	—	61.00	—	81.00	142.00	3,518	30.0	4.0
   Mar. 31, 2026	—	72.00	—	75.00	147.00	3,642	30.2	3.7
   Fiscal year ending Mar. 31, 2027 (Forecast)	—	85.00	—	86.00	171.00		40.1

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes)

Note: In accordance with the adoption of operating profit as the key management indicator in the medium-term management plan “Chori Innovation Plan 2028,” announced today (April 28,2026), from profit before income taxes to operating profit, the profit before income taxes has been removed.

1. Significant changes in the scope of consolidation during the period: Yes Newly included: —

   Excluded: 1 company (company name) Tohcho Co., Limited

2. Changes in accounting policies, changes in accounting estimates and restatements

   1. Changes in accounting policies due to the revision of accounting standards, etc.: None

   2. Changes in accounting policies due to other reasons: Yes

   3. Changes in accounting estimates: None

   4. Restatements: None

      Note: Please refer to “3. Consolidated Financial Statements and Main Notes (5) Notes to Consolidated Financial Statements (Changes in accounting policies)” on page 14 of the Appendix for details.

3. Number of issued shares (common shares)

Note: The Company has introduced the Board Benefit Trust - Restricted Stock (BBT-RS), and the number of shares of the Company held by the trust are included in that of treasury shares to be deducted in calculating the number of treasury shares at the end of the period and the average number of shares outstanding during the period.

Reference: Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

1. Non-consolidated operating results

   (Percentages indicate year-on-year changes)

   	Net sales		Operating profit		Ordinary profit		Profit before income taxes		Net profit attributable to owners of parent
   Fiscal year ended	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%
   Mar. 31, 2026	152,153	(3.8)	5,544	(23.1)	11,244	2.2	11,202	1.2	11,253	32.3
   Mar. 31, 2025	158,239	1.2	7,205	(9.3)	11,003	16.8	11,070	18.2	8,503	37.5

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	yen	yen
   Mar. 31, 2026	456.59	—
   Mar. 31, 2025	345.04	—

2. Non-consolidated financial position

Reference: Equity

As of Mar. 31, 2026: 74,563 million yen

As of Mar. 31, 2025: 66,875 million yen

Net sales totaled 152,153 million yen, a decrease of 3.8% from the previous fiscal year. In terms of profit, as disclosed in the “Notice Regarding the Dissolution of a Consolidated Subsidiary and Waiver of claims” on February 27, 2026, net profit for the current fiscal year increased by 32.3% from the previous fiscal year to 11,253 million yen. This was primarily due to the decrease in corporate taxes, resulting from the tax-deductible recognition of allowance for doubtful accounts that had been recorded in prior years in connection with the dissolution of a consolidated subsidiary and the waiver of claims.

• Financial results reports are exempt from audit conducted by certified public accountants or audit firms.

• Proper use of earnings forecasts, and other special matters

The forward-looking statements in this document are based on the information available at the time of publication and certain assumptions that the Company judges as rational. In addition, actual financial results may vary significantly due to various reasons. The Company, therefore, wishes to caution that readers should not place undue reliance on forward-looking statements.

Please refer to “1. Overview of Operating Results (4) Future Outlook” on page 4 of the Appendix for the prerequisites for the forward-looking statements and precautions on their use.

〇 Contents of Appendix

1. Overview of Operating Results 2

   1. Overview of Operating Results for the Current Consolidated Fiscal Year 2

   2. Overview of Financial Position for the Current Consolidated Fiscal Year 3

   3. Overview of Cash Flows for the Current Consolidated Fiscal Year 4

   4. Future Outlook 4

   5. Basic Policy on Profit Distribution and Dividends for the Current and Next Fiscal Years 5

2. Basic Approach to the Selection of Accounting Standards 5

3. Consolidated Financial Statements and Main Notes 6

   1. Consolidated Balance Sheet 6

   2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 8

      Consolidated Statements of Income 8

      Consolidated Statement of Comprehensive Income 9

   3. Statement of Changes in Consolidated Shareholders' Equity 10

   4. Consolidated Statements of Cash Flows 12

   5. Notes to Consolidated Financial Statements 14

(Note regarding assumptions of a going concern) 14

(Changes in accounting policies) 14

(Additional information) 14

(Segment information, etc.) 15

(Per share information) 20

(Material subsequent events) 20

1

1. Overview of Operating Results

(1) Overview of Operating Results for the Current Consolidated Fiscal Year

In the fiscal year ended March 31, 2026 (the “current consolidated fiscal year”), the Japanese economy continued on a moderate recovery trend, supported by robust corporate earnings and the stability of the employment and income environment, even as the impact of rising prices persisted.

On the other hand, the global economy showed resilient performance, particularly in the U.S., while in China, economic stagnation contrived due to the sluggish real estate market and the lackluster growth in domestic demand. Furthermore, the prolonged geopolitical risks, including the worsening situation in the Middle East, this has kept the outlook uncertain.

Under these circumstances, CHORI CO., LTD. (the “Company”) and its subsidiaries (the “Chori Group” or the “Group”) are steadily implementing the basic strategy of the medium-term management plan Chori Innovation Plan 2025 announced on April 28, 2023, and have been promoting to achieve sustainable growth on a global basis and transform the Group’s business through digital transformation.

As for the consolidated financial results of the current consolidated fiscal year, net sales decreased by 3.9% year-on-year to 299,293 million yen, operating profit decreased by 9.9% year-on-year to 13,056 million yen, ordinary profit decreased by 12.4% year-on-year to 14,193 million yen, profit before income taxes decreased by 13.0% year-on-year to 14,187 million yen, and net profit attributable to owners of parent increased by 3.0% year-on-year to 12,011 million yen mainly due to increased profitability.

(Unit: Millions of yen)

The results of each business segment are as follows.

(i) Fibers, Textiles, and Garments

(Unit: Millions of yen)

In this segment, net sales decreased by 4.6% year-on-year to 145,775 million yen, primarily due to the fibers and textiles materials sectors performing sluggishly. Segment profit (profit before income taxes) decreased by 8.3% year to 7,050 million yen, mainly due to the deterioration of the situation and market stagnation in the textiles sectors in the Middle East, and due to environmental and structural changes in the apparel sectors.

2