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Financial Results Highlights FY26 / Q3 [ TSE Prime 3563.T ] August 7 , 2026 Copyright © FOOD & LIFE COMPANIES LTD . All rights reserved . Strictly private & Confidential . FOOD & LIFE COMPANIES
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential. 1 Q3 results came in strong, exceeding our plan. Int'l Sushiro business saw significant growth and Japan Sushiro business also showed steady expansion.Int'l Sushiro business posted 83% YoY increase in operating profit, led by strong performance in Mainland China. With accelerated store expansion, our footprint outside Japan hit the 340-store mark.Japan Sushiro's LFL performed strongly despite the tough prior-year comparisons, supported by attractive campaigns and IP collaborations.Revising our full-year forecast upward once again, setting our operating profit forecast at 50.5 bil. JPY. This adds 10 bil. JPY to our initial plan. Key Takeaways FY26/Q3
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.2 Financial Highlights, FY26/Q3(consolidated, cumulative)FY26/Q3FY25/Q3vs.Forecast*2YoY% in RevenueActual% in RevenueActual77.3%24.7%ー390,421ー313,149Revenue83.2%38.7%14.4%56,17712.9％40,502EBITDA*1 86.6%43.9%10.8％42,0229.3%29,205Operating Profit88.6%47.1%6.8%26,5785.8%18,072Profit for the Period*3 ー0.3pt43.1%168,29342.8%134,019COGSー83ー1,263ー1,180Store Count*1 EBITDA = Operating Profit adjusted for Depreciation & Amortization (excluding the depreciation/amortization of Right-of-Use Asset) and Impairment. *2 Progress % against FY26 full-year forecast announced on May 8 , 2026.*3 Profit Attributable to Owners of the Parent (Million, JPY)Period : 9 monthsFrom Oct 1, 2025 T o Jun 30, 2026
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.3 Financial Highlights, FY26/Q3(consolidated, 3 months)FY26/Q3FY25/Q3YoY% in RevenueActual% in RevenueActual24.6%ー136,238ー109,336Revenue41.4%13.9%18,91512.2％13,376EBITDA*1 44.2%10.2％13,9428.8%9,670Operating Profit41.7%6.5%8,7905.7%6,203Profit for the Period*2 ▲0.6pt43.2%58,90743.9%47,951COGS*1 EBITDA = Operating Profit adjusted for Depreciation & Amortization (excluding the depreciation/amortization of Right-of-Use Asset) and Impairment. *2 Profit Attributable to Owners of the Parent (Million, JPY)Period : 3 months From Apr 1, 2026 T o Jun 30, 2026
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.4*1*1*2Japan SugidamaKyotaru BusinessInt’lBusiness*2Japan SushiroIncrease/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3 9.2%6,4845,938▲8.5%16,28117,80061.8%150,63793,10210.7%216,932195,990Revenue124.0%43919668.4%65438967.0%27,16216,26314.7%23,35420,362EBITDA*1 717.5％24129137.9％44118583.2%20,36811,11612.4%17,16815,271Operating*1Profit12.7%745661▲4.9%1,2221,28543.2%14,75310,3009.6%14,46513,202Depreciation& Amortization▲37.9%9152.4%5150▲77.2%109479536.1%10517Impairment1010595▲311812129031022014667653StoreCount Financial Highlights, FY26/Q3(by segment, cumulative)(Million, JPY)Period 9 months From Oct 1, 2025To Jun 30, 2026 *1 : Segment EBITDA and segment operating profit on this page onwards, are the figures after cross-segment royalty payments. *2 : Int’l Business’ includes Sugidama brand store operating in Hong Kong and Sakabayashi brand store operating in the U.S. *3 : The difference between consolidated operating profit and the sum of operating profits of all segments is the amount of cross-segment transactions as well as all-company-level expenses that don’t get allocated to above segments.
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.5*1*1*2Japan SugidamaKyotaru BusinessInt’lBusiness*2Japan SushiroIncrease/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3Increase/DecreaseFY26Q3FY25Q3 5.3%2,1722,062▲11.8%5,0895,77164.9%56,57234,2988.2%72,39366,893Revenue184.5%18063▲47.2%10319560.0%10,1016,31418.7%6,9725,873EBITDA*1 1608.8％1177▲65.2%4914060.3%7,6074,74519.0%4,8694,093Operating*1Profit 6.0%250236▲7.3%39542651.4%5,3933,5638.5%4,9144,529Depreciation& Amortization―――――2―1▲9―――Impairment*1 : Segment EBITDA and segment operating profit on this page onwards, are the figures after cross-segment royalty payments. *2 : Int’l Business’ includes Sugidama brand store operating in Hong Kong and Sakabayashi brand store operating in the U.S. *3 : The difference between consolidated operating profit and the sum of operating profits of all segments is the amount of cross-segment transactions as well as all-company-level expenses that don’t get allocated to above segments. Financial Highlights, FY26/Q3(by segment, 3 months)(Million, JPY)Period : 3 months From Apr 1, 2026To Jun 30, 2026
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.6FY25/Q3COGSof JapanSushiroFY26/Q3SG&Aof JapanSushiroKyotaruBusinessSG&Aof Int’lBusinessCOGSof Int’lBusinessJapanSugidamaBusinessOtherIncome/ExpensesSG&Aof Parent Company Operating Profit, FY26/Q3(YoY)0.3pt ▲0.3pt1.1pt0.0pt0.2pt0.3pt0.1pt9.3%10.8%▲ 0.2pt
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.▲0.3pt0.5pt1.0pt0.2pt0.2pt ▲0.5pt▲0.1pt6.8%5.8%7FY25/Q3Non-controllingInterestsFY26/Q3Taxes, etc.FinanceIncome/ExpensesCOGS PersonnelCostsOtherExpenses(in SG&A)OtherIncome/Expenses*1 : Profit attributable to owners of the parent Utilities Expense 0.3 ptDepreciation Expense 0.2 ptProfessional Fees 0.1 ptCommissions Paid 0.1 ptOther 0.3 pt Profit for the Period*1, FY26/Q3(YoY)
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential.Consolidated Financial Position(Key Changes)Assets : [Increase] ‘Property, Plant & Equipment’ [Decrease] NoneLiab. : [Increase] ‘Lease Obligations’ [Decrease] ‘Corporate Bonds and Borrowings’Equity : [Increase] ‘Profit for the Period’ [Decrease] ‘Payment of Dividends’Consolidated Cash Flows (Key Changes)Operating CF : 13 bil. JPY increase in ‘Profit before Income Taxes’, etc.Investing CF : Continued investment in new store opening and ‘Digiro’ installationin both Japan and int’l business. (Of which, 56.4 % invested in the int’l business)Financing CF : 2.2 bil. JPY increase in ‘Payment of Lease Obligations’ 0.6 bil. JPY increase in ‘Payment of ‘Dividends’KPI (Key Changes)Performance indicators incl. ‘Equity Ratio’ improved due to the recording of quarterly ‘Profit for the Period’8 FY25/9FY26/Q3ChangeFY25/Q3FY26/Q3Change PB Ratio Consolidated Statement of Financial PositionConsolidated Statement of Cash Flows（Million, JPY）OperatingCFInvestingCFFinancingCFIncrease/decrease incash andcash equivalentsLiab. & EquityAssetsCurrent assets[Cash and cash equivalents]Non-current assets[Goodwill]EquityLiab.Current liab.[Bonds, Borrowings]Non-current liab.[Bonds, Borrowings]Net Debt / EBITDAEquity Ratio （Million, JPY） Financials BS・CF88,396[58,822]310,200[30,371]398,59684,857[4,009][76,519]297,694100,902398,596212,83724.0%0.4x9.1x 45,166 62,249 17,084▲ 18,277 ▲ 33,446 ▲ 15,169▲ 22,418 ▲ 25,050 ▲ 2,6324,538 5,636 1,098108,789[64,458]336,904[30,371]445,69397,050[4,009][73,470]316,219129,474445,693219,16927.5%0.1x9.0x 20,393[5,636]26,704[-]47,09712,194[-][▲3,049]18,52528,57247,0976,331+3.5％▲0.3x▲0.1x
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential. 668210659JapanSushiroDine-in304178227Global10501095JapanSugidama (incl. Sakabayashi)6107Global852087JapanMisaki / Misakimaru1708JapanSushiroTakeout86162100JapanKyotaru(incl. Multi-brand stores)96015JapanOther Brands1,263351001,198Total9 Store Count : Japan and Global FY26 / Q3FY25Store Count(as of Jun 30, 2026)DecreaseIncreaseStore Count(as of Sep 30, 2025)
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential. 10 Japan BusinessInt’l Business[ Number of Shares ] 202 shares[ Value of Transfer ] 3,745 mil. JPY[ Date of Transfer ] Sep. 1, 2026 (plan)Total 181stores＊Store counts shown above are as of Jun. 30, 2026, and is subject to change prior to the share transfer date.FOOD ＆LIFEINNOVATIONS LTD.FY26/Q3FY25 / 9(the latest full year)▲2,650▲3,004Total Equity10,95811,172Total Assets16,42923,532Revenue44160Operating Profit34596Profit for the Year Attributable to Owners of the Parent(Million, JPY, IFRS)Transfer of Shares of KYOTARU CO., LTD.Akindo SushiroCo., Ltd.Sep 1, 2026 Reclassification of KYOTARU CO., LTD. as discontinued operationOct 12025Sep 302026Q1 Q2 Q3 Q4Fiscal CalendarPerformance Results of KYOTARU CO., LTD. KYOTARU CO., LTD.Overview of Share Transfer Takeout Storesincl. Kyotaru Brand Stores92storesDine-in Storesincl. Misaki Brand89stores
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential. 485,000 mil. JPYRevenue59,500 mil. JPYAdjusted EBITDA12.3 %EBITDA %40,500 mil. JPYOperating Profit8.4 %OP %24,000 mil. JPYProfit for the Period*14.9 %Profit for the Period %105.95 JPYEPS*222.7 %ROE*3105.0 %Revenue LFL(Japan Sushiro)*4105 ~ 115 storesNew Store Opening42.9 %COGS%505,000 mil. JPY67,500 mil. JPY13.4 %48,500 mil. JPY9.6 %30,000 mil. JPY5.9 %132.13 JPY27.6 %106.0 %110 ~ 120 store43.0 % Re-revision of FY26/9 Full Year Forecast 11＊1: Profit for the Year Attributable to Owners of the Parent ＊2 :EPS has been adjusted to reflect a 2-for-1 stock split effective July 1, 2026. ＊3 :ROE is calculated based on LTM. ＊4 : Figures shown under "‘Revenue LFL" reflect ‘Japan Sushiro’ only. All other figures are presented on a consolidated Group basis. Upward Revision to FY26/9 Full Year Forecast - Raising Revenue by 20 bil. JPY and Operating Profit by 10 bil. JPY Over the Initial Targets505,000 mil. JPY71,000 mil. JPY14.1 %50,500 mil. JPY10.0 %31,500 mil. JPY6.2 %138.73 JPY28.5 %106.5 %130 ~ 135 store43.2 %The1stRevisionThe2ndRevisionOriginalFY26/9 ForecastAnnounced on Nov 7, 2025Revision ofFY26/9 ForecastAnnounced on May 8, 2026Re-revision ofFY26/9 ForecastAnnounced on Aug 7, 2026 Factors Incorporatedinto the RevisionImpact of Transferring Shares of KYOTARU CO., LTD.・Following the reclassification of KYOTARU CO., LTD. business as a discontinued operation, we excluded its financial results and intercompany transactions (e.g., royalties) from F&LC's consolidated revenue and operating profit.・Key Impacts of the Discontinued Operation :- Revenue▲20.0 bil. JPY- Operating Profit▲1.5 bil. JPY・F＆LC Full-Year Forecast (if KYOTARU Business Were Included as Continuing Operations):- Revenue 525.0 bil. JPY- Operating Profit 52.0 bil. JPYStrong Performance of Int’l Sushiro BusinessStrong Performance of Int’l Sushiro BusinessOutperformance vs. the Plan for Japan Sushiro Business
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Copyright © FOOD & LIFE COMPANIES LTD. All rights reserved. Strictly private & Confidential. DisclaimerThe information in this document is intended only for the purpose of providing information on FOOD & LIFE COMPANIES LTD. (the“Company”). It does not constitute solicitation to purchase shares or any other investment securities issued by the Company, within the jurisdictions of Japan, United States and other countries.The Company makes no warranties regarding the fairness, authenticity, accuracy, comprehensiveness and reasonableness of the opinions and information in this document. Furthermore, the Company shall bear no liability whatsoever, for any reason whatsoever, for losses or damages resulting from the use of this document, the use of information included in this document or any other activity involving this document. Information, in this document, on the Company’s plans, estimates, forecasts, and expectations, and all other information concerning the future may change significantly without prior notice.Among the information in this document, any plan, estimation, prediction, expectation or other forward-looking information relating to the Company is based on the Company’s assumptions and beliefs derived from the information available to it as of the date on which this document is made and is not an assurance or guarantee that such plan will be implemented or results will be achieved as projected. Factors such as economic conditions, market trends in the food industry, shifts in customer preferences and fluctuations in the price of raw materials may cause the actual operating results, financial position and other results of the Company to differ materially from those discussed in the information of this document or inferences made therefrom.