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Financial Results for the First Half (Interim Period) of the Fiscal Year ending March 2026 (H1 FY3/26 : April-September 2025) TORIDOLL Holdings Corporation Prime Market, Tokyo Stock Exchange Code: 3397 November 14, 2025
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© 2025 TORIDOLL Holdings Corporation. 1. Summary 2. H1 (Interim Period) FY3/26 Consolidated Results 3. H1 (Interim Period) FY3/26 Financial Results by Segment 4. FY3/26 Consolidated Forecasts 5. Happiness Capital Management 6. Appendix 2 Agenda
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3 * Overseas segment abbreviations ・Tam Jai: Tam Jai Operates the “TamJai SamGor Mixian,” “TamJai Yunnan Mixian,” and “TamJai Mixian” businesses ・MARUGAME: MARUGAME UDON Name of the overseas arm of the Marugame Seimen business ・Fulham: Fulham Shore Operates the pizza brand “Franco Manca” and the Greek cuisine brand “The Real Greek” 1. Summary
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© 2025 TORIDOLL Holdings Corporation. Revenue totaled ¥141.8 billion and business profit reached ¥11.8 billion, both marking record highs for the interim period Marugame Seimen achieved its highest-ever revenue and business profit for the interim period, with the business profit margin hitting a record high of 17.8% Other Domestic also saw revenue and profit increases, recording record high revenue for the interim period Overseas saw revenue declines following the franchising of the Marugame business in the UK and closings of unprofitable stores, but saw profit increases due to strong performance in Asia Operating profit totaled ¥12.4 billion and profit for the period attributable to owners of the parent reached ¥6.0 billion, both marking record highs for the interim period While performance is measuring up well, the full-year consolidated earnings forecast remains unchanged in light of current progress, and the potential for impairment losses in H2 4 Summary
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2. H1 FY3/26 Consolidated Results 5
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© 2025 TORIDOLL Holdings Corporation. YoY FY26/3 Forecast FY25/3 FY26/3 Difference % Forecast Forecast vs H1 Results Revenue 133,720 141,809 +8,089 +6.0% 282,000 50.3% Cost of sales (31,578) (34,304) (2,726) +8.6% ーー Ratio to sales 23.6% 24.2% ー +0.6% ーー SG&A (92,558) (95,730) (3,173) +3.4% ーー Ratio to sales 69.2% 67.5% ー (1.7)% ーー Business profit 9,584 11,774 +2,190 +22.8% 19,600 60.1% Ratio to sales 7.2% 8.3% ー +1.1% 7.0% ー Other operating income and expenses (2,027) 617 +2,644 ー (5,000) ー Operating profit 7,558 12,392 +4,834 +64.0% 14,600 84.9% Ratio to sales 5.7% 8.7% ー +3.1% 5.2% ー Profit for the period attributable to owners of the parent 2,799 5,968 +3,170 +113.3% 5,500 108.5% Ratio to sales 2.1% 4.2% ー +2.1% 2.0% ー H1 Results Revenue and business profit*1 reached record highs for the interim period. Despite recording a loss on the sale of shares of an overseas subsidiary, operating profit and profit for the period attributable to owners of the parent reached record highs for the interim period following an increase in other operating income, driven by one-time gains*2 at overseas subsidiaries. H1rec (Unit: ¥million) H1 FY3/26 Consolidated Results H1rec H1rec H1rec *1 Business profit = Revenue - Cost of sales - Selling, general and administrative expenses *2 Insurance payouts associated with the closure of stores during the COVID-19 pandemic, etc. 6
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3. H1 FY3/26 Financial Results by Segment 7
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© 2025 TORIDOLL Holdings Corporation. 8 Marugame Seimen, authentic Sanuki udon restaurant chain in Japan Other Domestic Marugame Seimen Our Business Segments Segment Restaurant businesses in Japan other than Marugame Seimen • Revenue of Tam Jai shops in Japan is included in Overseas segment. Overseas restaurant businesses through own stores and franchise storesOverseas
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© 2025 TORIDOLL Holdings Corporation. FY26/3Full-year Forecast FY25/3 FY26/3 Difference % Forecast Forecast vs H1 Results Revenue 65,134 71,366 +6,232 +9.6% 137,000 52.1% Business profit 11,393 12,695 +1,302 +11.4% 22,100 57.4% Ratio to sales 17.5% 17.8% ー +0.3% 16.1% ー FY26/3Full-year Forecast FY25/3 FY26/3 Difference % Forecast Forecast vs H1 Results Revenue 17,009 20,328 +3,319 +19.5% 39,000 52.1% Business profit 2,214 2,252 +38 +1.7% 4,900 46.0% Ratio to sales 13.0% 11.1% ー (1.9)% 12.6% ー FY26/3Full-year Forecast FY25/3 FY26/3 Difference % Forecast Forecast vs H1 Results Revenue 82,143 91,694 +9,551 +11.6% 176,000 52.1% Business profit 13,607 14,947 +1,340 +9.8% 27,000 55.4% Ratio to sales 16.6% 16.3% ー (0.3)% 15.3% ー FY26/3Full-year Forecast FY25/3 FY26/3 Difference % Forecast Forecast vs H1 Results Revenue 51,577 50,115 (1,462) (2.8)% 106,000 47.3% Business profit 918 2,550 +1,631 +177.7% 3,600 70.8% Ratio to sales 1.8% 5.1% ー +3.3% 3.4% ー Business profit adjustment (4,941) (5,722) (781) ー (11,000) ー Consolidated revenue 133,720 141,809 +8,089 +6.0% 282,000 50.3% Consolidated business profit 9,584 11,774 +2,190 +22.8% 19,600 60.1% Japan Total H1 Results YoY Overseas H1 Results YoY Other Domestic H1 Results YoY Marugame Seimen H1 Results YoY 9 Marugame Seimen achieved record high revenue, business profit, and business profit margin for the interim period. Other Domestic achieved record high revenue for the interim period, with the increase in revenue absorbing the increase in food ingredients and labor costs to achieve profit growth. With regard to the Overseas business, although revenue declined due to the franchising of the Marugame Udon business in the UK and closings of unprofitable stores, robust growth in the Asia business propelled profit gains, marking a new record for business profit for the interim period. H1rec H1rec H1rec H1rec H1rec H1rec H1rec H1rec (Unit: ¥million) H1 FY3/26 Financial Results by Segment
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© 2025 TORIDOLL Holdings Corporation. 10 Marugame Seimen and Other Domestic segments recorded revenue growth. The Overseas business saw a decline in revenue, impacted by closings of unprofitable stores in Mainland China and Singapore performed by Tam Jai in the previous period, and delays in the recovery at Fulham. H1 FY3/25 H1 FY3/26 Marugame Seimen OverseasOther Domestic H1 Increase/Decrease in Revenue 133,720 +6,232 +3,319 (1,462) 141,809 (Unit: ¥million) Tam Jai (2,027) MARUGAME +697 Fulham (617) Others +485 Kona’s Coffee +1,589 Zundo-ya +913 Others +816 Currency effect (3)% +8,089
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© 2025 TORIDOLL Holdings Corporation. Marugame Seimen achieved profit growth, while Other Domestic saw a modest increase in profit, impacted by rising costs and other factors. Overseas saw profit growth, supported by Tam Jai’s recovery, the shift to profitability following the franchising of the MARUGAME business in the UK, robust momentum in the MARUGAME business in Asia, and reductions in indirect department costs. 9,584 +1,302 +38 +1,631 (781) 11,774 H1 FY3/25 H1 FY3/26 Other Domestic AdjustmentsMarugame Seimen Overseas H1 Increase/Decrease in Business Profit by Segment Labor Cost (820) Others +39 Kona’s Coffee +25 Zundo-ya +15 Others (2) Tam Jai +766 MARUGAME +883 Fulham (408) Others +390 (Unit: ¥million) +2,190 11
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© 2025 TORIDOLL Holdings Corporation. Two freshly made, crisp, chilled udon bowls, the ideal tonic for the lingering heat at the beginning of autumn “Buta Tsukejiru Udon” with three noodle servings all for the same price -> Targeting a broad customer base 5/9~ Free condiments and toppings expanded from 6 to 8 varieties -> Led to an increase in the number of customers A refreshing new chilled salt “dashi” broth, packed with deep umami from kombu and scallops A massive hit product with some 4.25 million servings sold across the series Broad-based promotion of the “Irresistible bowl” for a hot summer campaign ⇒ Strong performance of chilled udon fair menus The expanded free condiments and toppings introduced in May continued to boost the number of customers, while Marugame Udonuts surpassed 20 million servings. 9/9~ Chilled udon lineup for lingering autumn heat, with “spicy”and “light”options available 7/8~ New offering “Uma Shio Series” 6/10~ A summer mainstay, “Oni Oroshi Bukkake Udon” Crisp, Oni Oroshi Bukkake Udon only available during summer An irresistible bowl that perfectly contrasts “heavy and light” A massive hit product with some 4.55 million servings sold across the series Cumulative total sales reached 20 million servings* * Period from June 25, 2024 to September 15, 2025 Increase in the number of customers and average spend Average spend: 104.2% No. of customers: 102.9% <<Interim Period Existing stores No. of Customers/Average Spend YoY>> Introduced a new category for between-meal snacks * Reached one million servings in 20 days from launch on June 24, 2025 Marugame Seimen – Expanding reach to a broad customer base Growing a fan base to increase customer numbers and average spend 12
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© 2025 TORIDOLL Holdings Corporation. 13 Kona’s Coffee and Ramen Zundo-ya delivered significant revenue growth, driven by strong existing-store performance and contributions from new openings. Other Brands, including Tempura Makino and Banpai-ya, performed well, capturing new customer demand through menu updates. July 10 opening: Kona’s Coffee Kamagaya store (Chiba) July 31 opening: Kona’s Coffee Koriyama store (first store in Fukushima) July 11 opening: Ramen Zundo-ya Hiroshima-yano store (Hiroshima) Other Domestic – Breakdown of Revenues (Unit: ¥million) FY3/26 Forecast FY3/25 FY3/26 Difference % Forecast Forecast vs Results Kona's Coffee 5,632 7,221 +1,589 +28.2% 13,300 54.3% Zundo-ya 5,186 6,099 +913 +17.6% 12,200 50.0% Other Brands 6,192 7,009 +816 +13.2% 13,500 51.9% Segment Revenue 17,009 20,328 +3,319 +19.5% 39,000 52.1% Other Domestic YoYH1 Results
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© 2025 TORIDOLL Holdings Corporation. Marugame Seimen launched the new product “Marugame Udonuts Acai Berry Flavor” Kona’s Coffeelaunches a new acai-flavored “malasada,” a Hawaiian favorite! With this, the malasada menu item, previously only available at select stores, has been introduced at all stores Ramen Zundo-ya has launched two new items available for a limited time! Serving bowls of pure delight, prepared with utmost care “Zundo-ya Hiyashi Ramen” debuts with a double broth combining layered pork soup and seafood umami, complete with a soy sauce base New menu item targeting overseas visitors! Made with Kuroge Wagyu Roast Beef, this dish is topped with shimmering gold flakes and a charming Japanese umbrella to leave a flashy presentation with a hint of Japan The first cross-brand collaboration between Kona’s Coffee and Marugame Seimen has launched. Zundo-ya has launched new menu items, including Zundo-ya Hiyashi Ramen and Kuroge Wagyu Roast Beef Ramen. Other Domestic – Appealing Product Development Plans Underway for First Group Collaboration 14
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© 2025 TORIDOLL Holdings Corporation. August 29 opening: Niku no Yamagyu (Taiwan) September 15 opening: MARUGAME UDON (South Korea)July 29 opening: TamJai Mixian (Malaysia) Overseas Business – Breakdown of Revenues Revenue for the overseas business segment is disclosed in four categories: Tam Jai, MARUGAME, Fulham, and Other Brands. While each category shows fluctuations, the Group is working as one to drive the strengthening of our Brands competitiveness and management capabilities. Tam Jai Impacted by closings of unprofitable stores in Mainland China and Singapore. MARUGAME Revenue declined due to UK franchising, but strong results in Taiwan and Hong Kong, plus contributions from new North America stores, helped offset the decline. Fulham Despite sales-boost efforts, the slow recovery of the UK restaurant market is weighing on results; the Group is united in driving profit improvement. Other Brands Other brands recorded an increase in revenue following the strong performance of “Niku no Yamagyu” in Hong Kong and Mainland China. 15 FY3/25 FY3/26 Difference % Tam Jai 27,294 25,267 (2,027) (7.4)% MARUGAME 12,035 12,732 +697 +5.8% Fulham 10,755 10,138 (617) (5.7)% Other Brands 1,493 1,978 +485 +32.5% Segment Revenue 51,577 50,115 (1,462) (2.8)% Overseas H1 Results YoY (Unit: ¥million)
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© 2025 TORIDOLL Holdings Corporation. Business performanceProgress in the interim periodRegion/brand Business profitSales GoodNot Good ・Market conditions remain sluggish, and sales remain flat year-on-year ・Store profitability improved considerably, achieving double digit growth in business profit - Improved shift management at a store level reduced the labor cost ratio - Revisions to the menu mix and ingredients reduced the COGS ratio - Reduced commission costs by balancing deliveries with our in-house CRM takeout platform Hong Kong Tam Jai ・Reduced profit losses despite a decline in revenues due to a significant number of closings of underperforming stores in the previous period ・Improved sales and profitability by revising the store model and new product development Mainland China ・Steady growth in franchise store openings in Australia and MalaysiaOthers GoodGood ・Taiwan is propelling the MARUGAME Udon business, achieving high profit margins and double-digit revenue and profit growthTaiwan MARUGAME ・Achieved revenue and profit growth through improvement measures and steady progress in store openings - A fleshed-out fair menu contributed to an uptick in repeat customers and sales growth - Improved shift management at a store level reduced the labor cost ratio US ・Steady growth achieved in our franchise business, including new entries into Dubai and South KoreaOthers/FC BadBad ・Although the UK economy is gradually rebounding, the restaurant business continues to lag behind and sales recovery for both brands is progressing slower than planned ・Measures are being implemented to drive up sales through new product development and enhanced SNS marketing campaigns ・The labor cost ratio was successfully reduced through the introduction of shift management at select stores Preparations are underway to roll this out across all stores Franco Manca Fulham The Real Greek Tam Jai and MARUGAME have significantly improved profitability through effective cost control, driving profit growth. Fulham’s recovery remains slow amid market conditions, with profits down due to softer revenue; nevertheless, initiatives to boost sales and enhance margins are showing some positive results. Overseas Business – Progress Update 16
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© 2025 TORIDOLL Holdings Corporation. Overseas Business – Restructuring With the focus on profitability in the Overseas business, we are undertaking a business restructuring from the perspective of pursuing a policy of selection and consentration, ensuring optimal resource allocation. Details of business restructuring Change in the proportion of shares held by the Company (Q2) Regions subject to restructuringCategoryBrand We completed acquisition of Tam Jai International Co. Limited. as a wholly owned subsidiary and its delisting. The objectives of such are as follows: ・Strengthen our growth strategy ・Reduce listing maintenance costs ・Enhance the Group’s financing capacity 74.3％ ⇒ 100％ Acquisition as a wholly owned subsidiary Hong Kong, Mainland China, Japan, Singapore, Australia, Malaysia Rice noodle (Mixian)Tam Jai 229 Stores In the franchise business, we have completed the acquisition of WOK TO WALK FRANCHISE B.V. as a wholly owned subsidiary, which is currently strengthening its global expansion. 80％ ⇒ 100％ Acquisition as a wholly owned subsidiary Portugal, UK, Spain, France, Holland, Belgium, U.S.A., India, etc. Asian noodle WOK TO WALK 99 Stores We completed the sale of all shares held by the Company in MC Group Pte. Ltd., which had continued to struggle in the face of Singapore’s economic downturn. 70％ ⇒ 0％ Full divestiture Singapore, IndonesiaJapanese- style curry Monster Curry 19 Stores We recorded a valuation loss on our equity holdings in Utara 5 Food and Beverage Sdn, a company undergoing operational improvements, following conservative revisions to its business plan. 49％ No change Malaysia, Singapore, Philippines Thai style noodle Boat Noodle 46 Stores 17
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4. FY3/26 Consolidated Forecasts 18
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© 2025 TORIDOLL Holdings Corporation. The full-year earnings forecast remains unchanged in light of current conditions, the implementation of structural reforms to improve performance, and the potential for impairment losses associated with closings of unprofitable stores. 19 H1 FY3/26 Consolidated Forecasts (Unit: ¥million) FY3/25 FY3/26 YoY % FY3/25 Result FY3/26 Forecast YoY % Revenue 133,720 141,809 +8,089 +6.0% 268,228 282,000 +13,772 +5.1% Business profit 9,584 11,774 +2,190 +22.8% 18,205 19,600 +1,395 +7.7% Ratio to sales 7.2% 8.3% － +1.1% 6.8% 7.0% － +0.2% Other operating income and expenses (2,027) 617 +2,644 － (9,531) (5,000) +4,531 － Operating profit 7,558 12,392 +4,834 +64.0% 8,674 14,600 +5,926 +68.3% Ratio to sales 5.7% 8.7% － +3.1% 3.2% 5.2% － +1.9% Profit for the period attributable to owners of the parent 2,799 5,968 +3,170 +113.3% 1,874 5,500 +3,626 +193.5% Ratio to sales 2.1% 4.2% － +2.1% 0.7% 2.0% － +1.3% Exchange rate (Average for the period) Result Result Result Assumption USD ¥154.1 ¥147.5 ¥152.2 ¥147.0 HKD ¥19.5 ¥18.7 ¥19.6 ¥18.5 EUR ¥166.1 ¥162.2 ¥164.4 ¥154.0 GBP ¥194.9 ¥196.7 ¥195.1 ¥189.0 Full-yearH1 Result
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© 2025 TORIDOLL Holdings Corporation. 20 With some new store openings delayed, Marugame Seimen and Other Domestic segment revised full-year forecast for openings and closures. Overseas, MARUGAME remains strong, while Fulham’s sales recovery is expected to take a while longer. H1 FY3/26 Financial Forecastsby Segment Compared to the Previous Year (Unit: ¥million) H1 Result FY3/25 FY3/26 YoY % FY3/25 Result FY3/26 Forecast YoY % Revenue 65,134 71,366 +6,232 +9.6% 128,142 137,000 +8,858 +6.9% Business profit 11,393 12,695 +1,302 +11.4% 20,896 22,100 +1,204 +5.8% Ratio to sales 17.5% 17.8% － +0.3% 16.3% 16.1% － (0.2)% H1 Result FY3/25 FY3/26 YoY % FY3/25 Result FY3/26 Forecast YoY % Revenue 17,009 20,328 +3,319 +19.5% 35,412 39,000 +3,588 +10.1% Business profit 2,214 2,252 +38 +1.7% 4,447 4,900 +453 +10.2% Ratio to sales 13.0% 11.1% － (1.9)% 12.6% 12.6% － +0.0% H1 Result FY3/25 FY3/26 YoY % FY3/25 Result FY3/26 Forecast YoY % Revenue 51,577 50,115 (1,462) (2.8)% 104,674 106,000 +1,326 +1.3% Business profit 918 2,550 +1,631 +177.7% 2,524 3,600 +1,076 +42.6% Ratio to sales 1.8% 5.1% － +3.3% 2.4% 3.4% － +1.0% Business profit adjustment (4,941) (5,722) (781) ー (9,662) (11,000) (1,338) ー Consolidated revenue 133,720 141,809 +8,089 +6.0% 268,228 282,000 +13,772 +5.1% Consolidated business profit 9,584 11,774 +2,190 +22.8% 18,205 19,600 +1,395 +7.7% Marugame Seimen Full-year Overseas Other Domestic Full-year Full-year
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© 2025 TORIDOLL Holdings Corporation. Progress toward new store openings during the interim period proceeded at a slightly slower pace. The full-year forecast for new store openings and closings has been revised to reflect current progress in site selection and the outlook moving forward. Sites are carefully selected to prioritize profitability, both in Japan and abroad. 21 * Store closings in the Overseas business during the FY3/26 interim period include 19 (13 directly managed, 6 FC) MONSTER CURRY stores (MC GROUP PTE. LTD., the operating entity of MONSTER CURRY was excluded from consolidation as of the end of September 2025) Number of Stores Interim Results and Revised Forecast （Store） End of FY3/25 Segment #Stores Openings Closings #Stores Openings Closings #Stores Marugame Seimen 861 16 4 873 41 9 893 Other Domestic 274 13 4 283 24 6 292 Kona's Coffee 47 5 1 51 8 1 54 Zundo-ya 104 3 1 106 7 1 110 Other 123 5 2 126 9 4 128 Oversesas 914 43 42 915 79 53 940 DirectlyManaged 445 8 22 431 18 25 438 FC 469 35 20 484 61 28 502 Consolidated 2,049 72 50 2,071 144 68 2,125 FY3/26 H1 FY3/26 Reviced Forecast
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22 5. Happiness Capital Management
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© 2025 TORIDOLL Holdings Corporation. This management philosophy prioritizes “the ‘emotional’ well-being of employees” and “customers’ ‘emotional’ satisfaction” as key components of capital, driving unparalleled business growth by enriching both 23 Hapikan High-performing Cycle <Since June 2024, we have been proactively promoting internal adoption of “Hapikan Management”*3> Positive effects, including an increase in positive feedback and reduced employee turnover, have gradually begun to materialize, positioning the initiative as a key driver of our strong performance What is Happiness Capital Management We foster inner motivation among employees by continuously carrying out initiatives that improve employee well-being in the workplace. This gives rise to a deeper quality in "KANDO Dining Experiences" that leave our customers a more lasting impression, and ultimately contributes to business success Long-term value creation Sustainable talent acquisition and reduced turnover Reduction in recruitment and training costs Contributions to the local community, etc. Aiming to achieve sustainable business growth Group-wide Employee turnover rate Approx. 12.9％ reduction *2 Positive feedback 24.5％ increase *1 *1: Comparison in positive feedback received by the TORIDOLL Group between FY2023 and FY2024 *2: Comparison in the turnover rate among TORIDOLL Group employees between FY2023 and FY2024 *3: Referred to as “Happykan Management” internally, which is a portmanteau combining happiness and kando (the Japanese term for emotion or impression) On September 17, 2025, we unveiled our “Happiness Capital Management” approach that emphasizes a human- centric capital management strategy. Happiness Capital Management - Aiming to Achieve Sustainable Business Growth
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24 6. Appendix
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© 2025 TORIDOLL Holdings Corporation. (1.1)% (0.6)% +0.1% (0.3)% 13.0% 11.1% 17.5% (1.1%) +0.1% ＋0.2% ＋1.2% 17.8% Increased the COGS ratio due to increases in some food ingredients costs, such as rice and meat. Increased labor costs from staffing to enhance employee satisfaction, leading to a decline in the business profit margin. Although the COGS ratio increased due to the rising prices of certain ingredients, strong revenue growth helped reduce the fixed cost burden, resulting in an improvement in the business profit margin. Lower Utilities ratio Lower Labor Cost ratio OthersHigher COGS ratio Lower Utilities ratio Higher Labor Cost ratio OthersFY3/25 H1 Business Profit Margin FY3/26 H1 Business Profit Margin Higher COGS ratio H1 Factors Affecting Business Profitability (1/2) FY3/26 H1 Marugame Seimen FY3/26 H1 Other Domestic FY3/25 H1 Business Profit Margin FY3/26 H1 Business Profit Margin 25
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© 2025 TORIDOLL Holdings Corporation. Overall, while the COGS ratio and labor cost ratio rose, an increase in revenue and profit at Marugame Seimen, which maintains a high business profit margin, drove the business profit margin higher. Profitability improvements from closing of underperforming stores and stronger cost controls reduced both the COGS ratio and the labor cost ratio, together with cuts in other indirect department costs contributed to an improvement in the business profit margin. H1 Factors Affecting Business Profitability (2/2) FY3/26 H1 Overseas FY3/26 H1 Consolidated Higher Utilities ratio Lower Labor Cost ratio OthersFY3/25 H1 Business Profit Margin FY3/26 H1 Business Profit Margin Lower COGS ratio Higher Utilities ratio Higher Labor Cost ratio OthersFY3/25 H1 Business Profit Margin FY3/26 H1 Business Profit Margin Higher COGS ratio 26 +0.4% (0.1)% +2.5% 1.8% +0.6% 5.1% (0.6)% (0.4)% (0.0)% +2.1% 7.2% 8.3%
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© 2025 TORIDOLL Holdings Corporation. 27 Following the full acquisition of overseas subsidiaries, total equity and cash and cash equivalents declined. Total liabilities increased, primarily due to new loans payable and other factors. Equity attributable to owners of parent ratio increased from 27.0% to 28.2%, maintaining sound financial health. H1 Consolidated Balance Sheets (Unit: ¥million) As of March 31, 2025 As of September 30, 2025 Difference Total assets 323,196 322,034 (1,162) Current assets 97,638 96,571 (1,067) (Cash and cash equivalents) 82,271 80,106 (2,165) Non-current assets 225,559 225,464 (95) Total liabilities and equity 323,196 322,034 (1,162) Liabilities 226,661 231,302 +4,641 (Interest-bearing liabilities) 187,028 189,129 +2,102 Current liabilities 80,504 85,230 +4,725 Non-current liabilities 146,157 146,073 (85) Total equity 96,535 90,732 (5,803) (Equity attributable to owners of the parent) 87,243 90,785 +3,542
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© 2025 TORIDOLL Holdings Corporation. 28 Cash flows from operating activities and free cash flows increased significantly, primarily driven by increased revenues. Cash flows from investing activities resulted in cash outflows that were primarily the result of new store openings and renovations. Cash flows from financing activities primarily resulted in cash inflows from loans payable, cash outflows of the acquisition of shares to fully acquire overseas subsidiaries and loan repayments. While balancing cash flows across each line item and maintaining financial health, we are improving financing capacity in preparation for future growth investment. Consolidated Statement of Cash flows (Unit: ¥million) H1 FY3/25 H1 FY3/26 Difference Cash flows from operating activities 19,115 27,735 +8,620 Cash flows from investing activities (6,088) (9,526) (3,438) Cash flows from financing activities (11,536) (20,384) (8,848) Free cash flows 13,027 18,209 +5,182 Net increase(decrease) in cash and cash equivalents +1,492 (2,174) (3,666) Cash and cash equivalents at the end of the period 70,951 80,106 +9,155
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© 2025 TORIDOLL Holdings Corporation. 107.7% 110.9% 107.5% 105.6%106.1%105.4% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 99.1% 102.2% 103.5% 105.2%105.5% 101.7% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 108.7% 108.5% 103.9% 100.4%100.6% 103.6% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Sales at existing stores performed strongly at 107.2% of the prior-year level for the interim cumulative period, with both the number of customers and average spend remaining strong. YoY changes in existing stores for the Marugame Seimen business Existing Stores Over the Past 6 Periods for YoY: Revenue Existing stores FY3/26 : No. of Customers Existing stores FY3/26 : Average Spend * "Existing stores" are stores that have been open for 18 months or more since their opening date. 100% 100% 100% H1YTD.︓102.9% H1YTD.︓104.2% FY3/26:H1YTD.107.2% FY3/25:YTD.110.1% FY3/24:YTD.111.0% 29
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© 2025 TORIDOLL Holdings Corporation. Our Global Presence 30 Europe Middle East Asia Oceania North America Latin America Overseas 915Stores 1,156StoresJapan 99 Stores Europe North/Latin America 229 Stores Hong Kong 204 MainlandChina 17 Singapore 4 Japan 3 Australia 2 71 Stores UK Spain 1,200 Stores Japan 863 Asia 283 US 22 UK 9 Canada 1 2,071Stores in 31 countries and regions Expanded 78 Stores US Canada Taiwan No. of stores as of the end of September 2025 Japan
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© 2025 TORIDOLL Holdings Corporation. 31