Interim report
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[ Translation ] Consolidated Business Results for the Three Months Ended June 30 , 2026 [ IFRS ] FASF Listed Company : Wacoal Holdings Corp. Code Number : 3591 ( URL : https://www.wacoalholdings.jp/ ) Representative : ( Position ) Representative Director , President and CEO For Inquiries : ( Position ) Corporate Officer , Head of Corporate Planning Dept. Scheduled dividend payment start date : Supplementary materials regarding business results : Explanatory meeting regarding business results : 1 . ( 1 ) Yes August 10 , 2026 Stock Exchange : Tokyo ( Name ) Masaaki Yajima ( Name ) Tetsu Ogura Tel : +81 ( 075 ) 682-1010 Yes ( for institutional investors , analysts and the press ) ( Amounts less than 1 million yen have been rounded ) Consolidated Financial Results for the Three Months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) Consolidated Cumulative Business Results Three months ended June 30 , Revenue ( % indicates increase ( decrease ) from the corresponding period of the previous fiscal year ) Business Profit Operating Profit Profit Before Tax Profit Millions of Yen % Millions of Yen % Millions of Yen % Millions of Yen % Millions of Yen % 48,905 8.8 1,578 ( 34.3 ) 1,812 ( 90.8 ) 2,608 ( 87.0 ) 1,507 ( 89.0 ) 2026 Three months ended June 30 , 2025 44,956 ( 3.2 ) 2,402 53.9 19,800 517.6 20,130 371.6 13,693 353.9 Profit Attributable to Owners of Parent Total Comprehensive Income Millions of Yen % Millions of Yen % Three months ended June 30 , 1,553 ( 88.7 ) 5,684 ( 65.6 ) 2026 Three months ended June 30 , 2025 13,707 351.2 16,526 150.5 Basic Earnings Diluted Earnings per Share per Share Yen Yen 31.41 31.38 266.25 265.49 ( Note ) 1. Business profit is calculated by subtracting cost of sales , and selling , general and administrative expenses from revenue . ( 2 ) 2. Provisional accounting treatment related to business combinations has been completed for the six months of the fiscal year ended March 31 , 2026 , and amounts related to the three months ended June 30 , 2025 have reflected the result of such provisional accounting treatment . Consolidated Financial Condition As of June 30 , 2026 As of the end of Fiscal Year ( March 31 , 2026 ) Total Assets Total Equity Millions of Yen 291,904 292,315 Millions of Yen 215,640 Equity Attributable to Owners of Parent Millions of Yen 212,834 212,445 209,598 Ratio of Equity Attributable to Owners of Parent % 72.9 71.7
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2. Status of Dividends Annual Dividend End of First Quarter End of Second Quarter End of Third Quarter Year-End Total Yen Yen Yen Yen Yen Fiscal Year Ended March 31, 2026 – 50.00 – 50.00 100.00 Fiscal Year Ending March 31, 2027 – Fiscal Year Ending March 31, 2027 (Estimates) 50.00 – 50.00 100.00 (Note) Revision of estimated dividends announced during the latest quarter: No 3. Forecast of Consolidated Business Results for the Fiscal Year Ending March 31, 2027 (April 1, 2026 – March 31, 2027) (% indicates increase (decrease) from the previous fiscal year) Revenue Business Profit Operating Profit Profit Before Tax Profit Attributable to Owners of Parent Basic Earnings per Share Millions of Yen % Millions of Yen % Millions of Yen % Millions of Yen % Millions of Yen % Yen Annual 187,600 9.4 500 - 1,500 (92.5) 2,600 (86.8) 1,800 (86.3) 36.40 (Note) Revision of forecast of consolidated business results announced during the latest quarter: No
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*Notes (1) Significant changes in scope of consolidation in the current consolidated three-month period: None (2) Changes in accounting policies and/or accounting estimates: (i) Changes in accounting policies required by IFRS: None (ii) Changes in accounting policies other than (i) above: None (iii) Changes in accounting estimates: None (3) Number of Issued Shares (Common Stock) Three Months ended June 30, 2026 Fiscal Year ended March 31, 2026 (i) Number of issued shares (including treasury stock) as of the end of: 52,500,000 shares 52,500,000 shares (ii) Number of shares held as treasury stock as of the end of: 3,018,379 shares 3,062,921 shares (iii) Average number of shares during consolidated cumulative three months ended June 30: 49,446,861 shares 51,481,838 shares *Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None *Cautionary Statement regarding Forecast of Business Results (Cautionary note on forward-looking statements) The forecast of business results is based on reasonable information we obtained as of the date hereof and, due to various risks, uncertainties and other factors arising in the future, actual results in the future may differ largely from the estimates set out in this document. For notes on conditions used for the forecast of business results and cautionary statements regarding forecast of business results, please see “1. Overview of Business Results – (3) Qualitative Information regarding Forecast of Consolidated Business Results” on page 6 of the attached materials.
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1 Table of Contents for Attached Materials 1. Overview of Business Results ..................................................................................................................... 2 (1) Business Results Overview of the Three-Month Period.............................................................................. 2 (2) Explanation Related to Consolidated Financial Condition .......................................................................... 6 (3) Qualitative Information regarding Forecast of Consolidated Business Results .......................................... 6 2. Condensed Three-Month Consolidated Financial Statements and Accompanying Notes .......................... 7 (1) Condensed Three-Month Consolidated Statement of Financial Position .................................................... 7 (2) Condensed Three -Month Consolidated Statement of Profit or Loss and Condensed Three -Month Consolidated Statement of Comprehensive Income .................................................................................... 9 (3) Condensed Three-Month Consolidated Statement of Changes in Equity ................................................. 11 (4) Condensed Three-Month Consolidated Statement of Cash Flows ............................................................ 12 (5) Notes to Condensed Three-Month Consolidated Financial Statements .................................................... 13 (Segment Information) .................................................................................................................................. 13 (Notes on Going Concern) ............................................................................................................................ 14
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2 1. Overview of Business Results (1) Business Results Overview of the Three-Month Period (i) Performance Overview of the Three-Month Period ended June 30, 2026 (Millions of Yen) Previous Consolidated Cumulative Three- Month Period (From April 1, 2025 to June 30, 2025) Current Consolidated Cumulative Three- Month Period (From April 1, 2026 to June 30, 2026) Increased/(Decreased) from Previous Consolidated Cumulative Three-Month Period Amount Amount Amount % Revenue 44,956 48,905 +3,949 +8.8 Cost of sales 18,723 20,292 +1,569 +8.4 Gross profit 26,233 28,613 +2,380 +9.1 Selling, general and administrative expenses 23,831 27,035 +3,204 +13.4 Business profit 2,402 1,578 (824) (34.3) Other income 17,452 296 (17,156) (98.3) Other expenses 54 62 +8 +14.8 Operating profit 19,800 1,812 (17,988) (90.8) Finance income 680 1,012 +332 +48.8 Finance expense 253 206 (47) (18.6) Share of (loss) profit of investments accounted for using equity method (97) (10) +87 – Profit before tax 20,130 2,608 (17,522) (87.0) Profit attributable to owners of parent 13,707 1,553 (12,154) (88.7) During the current consolidated cumulative three-month period (April 1, 2026 – June 30, 2026), the business environment surrounding the Group in Japan continued on a moderate recovery trend against the backdrop of improvements in the employment and income environment. Personal consumption showed strength, particularly in durable goods and jewelry, while demand for items such as innerwear lagged behind the overall trend. Outside Japan, in the United States, despite the emergence of interest rate hike expectations and rising tensions in the Middle East, the economy remained resilient, supported by robust personal consumption. In Europe, although there was still strong caution regarding price levels and interest rates, signs of economic recovery were observed. Meanwhile, in China, the economy continued to decelerate against a backdrop of stagnation in the real estate market and flat personal consumption. As such, we observed variations in the business environment surrounding us across different regions. In such an environment, the Group has set forth a basic policy under the Medium-Term Management Plan 2029, with the fiscal year ending March 2027 as the first year. We aim to enhance corporate value over the medium to long term by improving profitability and strengthening our foundation for growth through the reconstruction of existing businesses while strengthening of innovation. In parallel with those efforts, we will improve capital efficiency. We have begun implementing various measures to achieve these goals. In Japan, we promoted the strengthening of our brand strategy and channel strategy to respond to changes in the channel environment and increasingly diverse and advanced customer needs. We also advanced initiatives aimed at evolving into an empowerment sol ution centered on innerwear and utilizing body data, and worked to enhance customer experience value through the use of “SCANBE” and “Bra Recommendations Based on Body Type.” Furthermore, for the conditioning wear brand “CW -X,” we promoted measures aimed at expanding the top line , including accelerating growth through expanded brand awareness driven by athletes wearing the brand. Moreover, in the area of new value creation, we established the Melooop Lab in May 2026 as an R&D base for new technologies (*1). The lab will play a role in accelerating the practical application and commercialization of these new technologies through co-creation with internal and external partners, and going forward, we will expand beyond the apparel industry into diverse fields, including materials for the automotive industry. Outside Japan, we strengthened business operations according to regional characteristics and advanced the shift to a channel structure centered on directly managed stores and e -commerce. In addition, with the aim of strengthening the plus -size segment and expanding the D2C foundation in the United States, we acquired Glamorise Foundations, Inc. (“Glamorise”), which primarily eng ages in e -commerce sales, in April 2026 (*2). Furthermore, we advanced business portfolio
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3 management through the implementation of ROIC -based management and the optimal allocation of management resources, while continuing initiatives to improve capital efficiency. With respect to revenue, due to factors including the incre ase in revenue following the acquisition of Glamorise, as well as the rebound from the impact of the fire that occurred in June 2025 at Bravissimo Group Limited (the “Bravissimo Group”) in the United Kingdom, revenue increased from the level of the corresp onding period of the previous fiscal year. With respect to business profit, it decreased due to factors including upfront investments to enhance brand awareness in the United States and the rebound from the temporary reversal of personnel expenses recorded in the corresponding period of the previous fiscal year, following the abolition of the flexible retirement age system in Japan. Operating profit significantly decreased due to the rebound from the impact of the gain on the sale of property, plant and equipment, including the Shin-Kyoto Building (16,762 million yen), which was recorded in the corresponding period of the previous fiscal year. As a result of the above, for the current consolidated cumulative three -month period, consolidated revenue was 48,905 million yen (an increase of 8.8% as compared to the corresponding period of the previous fiscal year), consolidated business profit was 1,578 million yen (a decrease of 34.3% as compared to the corresponding period of the previous fiscal year), consolidated operating profit was 1,812 million yen (a decrease of 90.8% as compared to the corresponding period of the previous fiscal year), consolidated profit before tax was 2,608 million yen (a decrease of 87.0% as compared to the corresponding period of the previous fiscal year), and consolidated profit attributable to the owners of parent was 1,553 million yen (a decrease of 88.7% as compared to the corresponding period of the previous fiscal year). The key exchange rates used for the current consolidated cumulative three -month period (with the corresponding period of the previous fiscal year in parentheses) were: 159.49 yen (144.59 yen) to the U.S. dollar; 213.97 yen (193.01 yen) to the Pound sterling and 23.43 yen (19.99 yen) to the Chinese yuan. (ii) Business Overview of Our Reportable Segments From three-month period of the current fiscal year, we have changed the classification method for our reportable segments, following the reaggregation of business segments into supply chain units to promote ROIC management. Additionally, the segment profit has changed from the previous operating profit to business profit. The segment information for the previous consolidated cumulative three-month period is presented based on the new classification of reportable segments. (Millions of Yen) Previous Consolidated Cumulative Three-Month Period (from April 1, 2025 to June 30, 2025) Current Consolidated Cumulative Three-Month Period (from April 1, 2026 to June 30, 2026) Increased/(Decreased) from Previous Consolidated Cumulative Three-Month Period Amount Distribution Ratio (%) Amount Distribution Ratio (%) Amount % Total Revenue 44,956 100.0 48,905 100.0 +3,949 +8.8 Wacoal Business (Domestic) 22,270 49.5 21,817 44.6 (453) (2.0) Wacoal Business (Overseas) 18,436 41.0 22,735 46.5 +4,299 +23.3 Peach John Business 2,783 6.2 2,897 5.9 +114 +4.1 Other 1,467 3.3 1,456 3.0 (11) (0.7)
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4 (Millions of Yen) Previous Consolidated Cumulative Three-Month Period (from April 1, 2025 to June 30, 2025) Current Consolidated Cumulative Three-Month Period (from April 1, 2026 to June 30, 2026) Increased/(Decreased) from Previous Consolidated Cumulative Three-Month Period Amount % to Sales Amount % to Sales Amount % Business Profit/(Loss) 2,402 5.3 1,578 3.2 (824) (34.3) Wacoal Business (Domestic) 604 2.7 (275) – (879) – Wacoal Business (Overseas) 1,621 8.8 1,785 7.9 +164 +10.1 Peach John Business 11 0.4 7 0.2 (4) (36.4) Other 65 4.4 29 2.0 (36) (55.4) Adjustments 101 – 32 – (69) (68.3) a. Wacoal Business (Domestic) During the current consolidated cumulative three-month period, the domestic business saw growth in the e- commerce channel, while physical stores experienced sluggish sales due to the scaling back of sales promotion measures by business partners and lower temperatures compared to the previous year, resulting in overall sluggish business conditions. With respect to brand trends, sales of “CW-X” were strong in both physical stores and e-commerce, driven by growing demand for sports and conditioning products as well as the promotional effects of athletes wearing the products. In addition, sales of the premium brand “Yue” expanded, supported by factors including an increase in repeat purchases resulting from improved availability of popular products. Meanwhile, sales of “WACOAL” and “Wing” remained sluggish due to the impact of the scaling back of sales promotion measures by our retail store customers. “AMPHI” struggled despite implementing various initiatives, as these failed to attract customers. By sales channel, our own e-commerce websites and third-party e-commerce websites supported sales, with measures timed to coincide with events to attract customers held by each company proving particularly effective for third-party e-commerce websites. On the other hand, directly managed stores and the wholesale channel remained sluggish due to lower temperatures and the impact of typhoons, which affected sales. As a result of the above, revenue attributable to our “Wacoal Business (Domestic)” segment was 21,817 million yen (a decrease of 2.0% as compared to such revenue for the corresponding period of the previous fiscal year). Business loss amounted to 275 milli on yen (compared with a business profit of 604 million yen in the same period of the previous year), decreasing due to factors including the impact of lower sales as well as the rebound from the temporary reversal of personnel expenses recorded in the corresponding period of the previous fiscal year, following the abolition of the flexible retirement age system. b. Wacoal Business (Overseas) During the current consolidated cumulative three-month period, the overseas business performed well with growth in the United States and Europe, while results in China were sluggish due to the withdrawal from underperforming stores and struggles in e-commerce sales. Revenue from Wacoal International Corp. (U.S.) increased from the level of the corresponding period of the previous fiscal year due to the contribution of sales from Glamorise which was acquired in April 2026. By sales channel, although sales in department stores and specialty stores struggled, e-commerce drove sales. In addition to the earlier timing of promotional campaigns on major e-commerce platforms, the user interface and user experience improved following the switch to Shopify (an e-commerce structuring platform), leading to solid sales on our own e-commerce websites. Sales from Wacoal Europe Ltd. increased from the level of the corresponding period of the previous fiscal year, mainly due to the rebound from the sales decline caused by the impact of the fire at Bravissimo in the corresponding period of the previous fiscal year. By sales channel, despite sluggish sales in department stores in the United Kingdom, e-commerce sales were strong particularly in North America. In addition, Bravissimo performed well in both e-commerce and directly managed stores, due to effective marketing investments. At Wacoal China Co., Ltd., physical store sales performed solidly compared with the plan due to the effects of strengthened sales promotion activities and a review of the product mix, while local currency based sales remained
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5 sluggish due to factors including the withdrawal of unprofitable stores and struggles with the large-scale ecommerce sale “China’s 618 shopping festival.” Although results were weak overall, revenue increased due to the impact of foreign exchange rates. As a result of the above, revenue attributable to our “Wacoal Business (Overseas)” segment was 22,735 million yen (an increase of 23.3% as compared to such revenue for the corresponding period of the previous fiscal year). Business profit was 1,785 million yen (an increase of 10.1% as compared to such business profit for the corresponding period of the previous fiscal year). c. Peach John Business During the current consolidated cumulative three -month period, our sales remained solid across all sales channels, including our directly managed stores, our own e -commerce websites , and third -party e -commerce websites, as a result of implementing communication measures and product strategies focused on acquiring new customers in Japan, which we have been working on since the previous fiscal year. In terms of products, sales of our standard products such as the “Nice Body Bra” and “Moreru (Boost) Wireless Bra” grew. In terms of sales promotion, we strengthened our investment in listing advertisements and achieved new customer acquisition through promotions featuring famous celebrities. As a result of the above, revenue attributable to our “Peach John” segment was 2,897 million yen (an increase of 4.1% as compared to such revenue for the corresponding period of the previous fiscal year). Business profit was 7 million yen (a decrease of 3 6.4% as compared to the corresponding period of the previous fiscal year) due to the impact of factors including increased promotion expenses. d. Other Revenue attributable to our “Other” business segment was 1,456 million yen (a decrease of 0.7% as compared to such revenue for the corresponding period of the previous fiscal year), remaining at the same level as in the corresponding period of the previous fiscal year. Business profit decreased to 29 million yen (a decrease of 55.4% as compared to such business profit for the corresponding period of the previous fiscal year). (*1) For details, please see our press release “Wacoal opens the Melooop Lab R&D base for new technologies” announced on May 27, 2026: https://www.wacoalholdings.jp/news/pdf.html?dn=20260527549567 (*2) For details, please see our press release, “Announcement regarding Acquisition of Glamorise Foundations, Inc. through Our U.S. Subsidiary (i.e., change in subsidiaries following acquisition of shares)” announced on March 30, 2026: https://www.wacoalholdings.jp/news/pdf.html?dn=20260615570329 (Reference) Revenue and Business Profit/(Loss) of Major Subsidiaries (Millions of Yen) Revenue Previous Consolidated Cumulative Three-Month Period (from April 1, 2025 to June 30, 2025) Current Consolidated Cumulative Three-Month Period (from April 1, 2026 to June 30, 2026) Increased/(Decreased) from Previous Consolidated Cumulative Three-Month Period Amount Distribution Ratio (%) Amount Distribution Ratio (%) Amount % Wacoal Corp. 21,031 46.8 20,557 42.0 (474) (2.3) Wacoal International Corp. (U.S.) 6,626 14.7 8,900 18.2 +2,274 +34.3 Wacoal Europe Ltd. 8,772 19.5 10,540 21.6 +1,768 +20.2 Wacoal China Co., Ltd. 1,816 4.0 2,003 4.1 +187 +10.3 Peach John Co., Ltd. 2,783 6.2 2,897 5.9 +114 +4.1 *Revenue from external customers only
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6 (Millions of Yen) Business Profit/(Loss) Previous Consolidated Cumulative Three-Month Period (from April 1, 2025 to June 30, 2025) Current Consolidated Cumulative Three-Month Period (from April 1, 2026 to June 30, 2026) Increased/(Decreased) from Previous Consolidated Cumulative Three-Month Period Amount % to Sales Amount % to Sales Amount % Wacoal Corp. 214 1.0 162 0.8 (52) (24.3) Wacoal International Corp. (U.S.) 753 11.4 661 7.4 (92) (12.2) Wacoal Europe Ltd. 789 9.0 1,182 11.2 +393 +49.8 Wacoal China Co., Ltd. (173) – (261) – (88) – Peach John Co., Ltd. 11 0.4 7 0.2 (4) (36.4) (2) Explanation Related to Consolidated Financial Condition (i) Assets, Liabilities and Total Shareholders’ Equity Our total assets as of the end of the current consolidated three-month period were 291,904 million yen, a decrease of 411 million yen from the end of the previous fiscal year, mainly due to a decrease in cash and cash equivalents, despite increases in goodwill and other financial assets. Our total liabilities were 76,264 million yen, a decrease of 3,606 million yen from the end of the previous fiscal year, mainly due to a decrease in income taxes payable. Equity attributable to owners of parent was 212,834 million yen, an increase of 3,236 million yen from the end of the previous fiscal year, mainly due to an increase in other components of equity. As a result of the above, ratio of equity attributable to owners of parent as of the end of the current consolidated three-month period was 72.9%, an increase of 1.2% from the end of the previous fiscal year. (ii) Cash Flows Cash and cash equivalents as of the end of the current consolidated three-month period were 31,749 million yen, a decrease of 12,421 million yen from the end of the previous fiscal year. (Cash Flow Used in Operating Activities) Cash flow used in operating activities was 2,303 million yen, compared to net cash provided by operating activities of 2,188 million yen in the corresponding period of the previous fiscal year. This was after adjustments to our net profit of 1,507 million yen for changes in assets and liabilities, depreciation, amortization, income tax expense, and other items. (Cash Flow Used in Investing Activities) Cash flow used in investing activities was 6,229 million yen, compared to the net cash provided by investing activities of 19,969 million yen in the corresponding period of the previous fiscal year, mainly due to subsidiary acquisition. (Cash Flow Used in Financing Activities) Cash flow used in financing activities was 3,961 million yen, a decrease in cash flow used of 5,685 million yen compared to the corresponding period of the previous fiscal year, mainly due to dividends paid. (3) Qualitative Information regarding Forecast of Consolidated Business Results We have not revised our forecasts of consolidated business results for the fiscal year ending March 31, 2027 from those announced on May 14, 2026.
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7 2. Condensed Three-Month Consolidated Financial Statements and Accompanying Notes (1) Condensed Three-Month Consolidated Statement of Financial Position (Millions of Yen) Accounts Previous Consolidated Fiscal Year as of March 31, 2026 Current Consolidated Three-Month Period as of June 30, 2026 Assets Current assets: Cash and cash equivalents 44,170 31,749 Trade and other receivables 17,441 18,982 Other financial assets 2,061 3,287 Inventories 51,112 52,238 Other current assets 4,829 4,857 Total current assets 119,613 111,113 Non-current assets: Property, plant and equipment 35,290 35,022 Right-of-use assets 11,912 11,712 Goodwill 15,497 20,002 Intangible assets 11,061 10,774 Investment property 1,601 1,601 Investments accounted for using equity method 19,787 19,637 Other financial assets 47,298 51,307 Retirement benefit assets 22,300 22,478 Deferred income taxes 7,322 7,427 Other non-current assets 634 831 Total non-current assets 172,702 180,791 Total assets 292,315 291,904
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8 (Millions of Yen) Accounts Previous Consolidated Fiscal Year as of March 31, 2026 Current Consolidated Three-Month Period as of June 30, 2026 Liabilities and Equity Liabilities Current liabilities: Borrowings 6,821 6,836 Lease liabilities 4,691 4,744 Trade and other payables 12,406 12,841 Other financial liabilities 825 1,164 Income taxes payable 7,218 786 Other current liabilities 13,194 12,624 Total current liabilities 45,155 38,995 Non-current liabilities: Borrowings 5,443 5,547 Lease liabilities 7,357 7,202 Other financial liabilities – 521 Retirement benefit liability 1,320 1,334 Deferred income taxes 19,325 20,999 Other non-current liabilities 1,270 1,666 Total non-current liabilities 34,715 37,269 Total liabilities 79,870 76,264 Equity Common stock 13,260 13,260 Additional paid-in capital 140 35 Retained earnings 162,625 161,619 Other components of equity 49,360 53,477 Treasury stock, at cost (15,787) (15,557) Total equity attributable to owners of parent 209,598 212,834 Noncontrolling interests 2,847 2,806 Total equity 212,445 215,640 Total liabilities and equity 292,315 291,904
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9 (2) Condensed Three-Month Consolidated Statement of Profit or Loss and Condensed Three-Month Consolidated Statement of Comprehensive Income (Condensed Three-Month Consolidated Statement of Profit or Loss) (Millions of Yen) Accounts Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) % % Revenue 44,956 100.0 48,905 100.0 Cost of sales (18,723) (41.7) (20,292) (41.5) Selling, general and administrative expenses (23,831) (53.0) (27,035) (55.3) Other income 17,452 38.8 296 0.6 Other expenses (54) (0.1) (62) (0.1) Operating profit 19,800 44.0 1,812 3.7 Finance income 680 1.5 1,012 2.0 Finance costs (253) (0.5) (206) (0.4) Share of loss of investments accounted for using equity method (97) (0.2) (10) (0.0) Profit before tax 20,130 44.8 2,608 5.3 Income tax expense (6,437) (14.3) (1,101) (2.2) Profit 13,693 30.5 1,507 3.1 Profit attributable to: Owners of parent 13,707 30.5 1,553 3.2 Noncontrolling interests (14) (0.0) (46) (0.1) Profit 13,693 30.5 1,507 3.1 Profit per share: Basic earnings per share (yen) 266.25 31.41 Diluted earnings per share (yen) 265.49 31.38
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10 (Condensed Three-Month Consolidated Statement of Comprehensive Income) (Millions of Yen) Accounts Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) Profit 13,693 1,507 Other comprehensive income Items that will not be reclassified to profit or loss Financial assets measured at fair value through other comprehensive income 2,376 2,688 Remeasurements of defined benefit plans 36 14 Share of other comprehensive income of investments accounted for using equity method 110 94 Total 2,522 2,796 Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 144 1,422 Share of other comprehensive income of investments accounted for using equity method 167 (41) Total 311 1,381 Total other comprehensive income 2,833 4,177 Comprehensive income 16,526 5,684 Comprehensive income attributable to: Owners of parent 16,543 5,697 Noncontrolling interests (17) (13) Comprehensive income 16,526 5,684
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11 (3) Condensed Three-Month Consolidated Statement of Changes in Equity Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) (Millions of Yen) Item Equity attributable to owners of parent Noncontrolling interests Total equity Common stock Additional paid-in capital Retained earnings Other components of equity Treasury stock, at cost Total Balance at April 1, 2025 13,260 4,311 153,808 38,636 (17,968) 192,047 3,073 195,120 Profit 13,707 13,707 (14) 13,693 Other comprehensive income 2,836 2,836 (3) 2,833 Total comprehensive income – – 13,707 2,836 – 16,543 (17) 16,526 Repurchase of treasury stock (3,969) (3,969) (3,969) Cancellation of treasury stock (3,834) (10,221) 14,055 – – Share-based payment transactions (197) 197 0 0 Dividends (2,583) (2,583) (100) (2,683) Transfer from other components of equity to retained earnings 110 (110) – – Total transactions with owners – (4,031) (12,694) (110) 10,283 (6,552) (100) (6,652) Balance at June 30, 2025 13,260 280 154,821 41,362 (7,685) 202,038 2,956 204,994 Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) (Millions of Yen) Item Equity attributable to owners of parent Noncontrolling interests Total equity Common stock Additional paid-in capital Retained earnings Other components of equity Treasury stock, at cost Total Balance at April 1, 2026 13,260 140 162,625 49,360 (15,787) 209,598 2,847 212,445 Profit 1,553 1,553 (46) 1,507 Other comprehensive income 4,144 4,144 33 4,177 Total comprehensive income – – 1,553 4,144 – 5,697 (13) 5,684 Repurchase of treasury stock (0) (0) (0) Share-based payment transactions (219) 230 11 11 Dividends (2,472) (2,472) (28) (2,500) Transfer from retained earnings to additional paid-in capital 114 (114) – – Transfer from other components of equity to retained earnings 27 (27) – – Total transactions with owners – (105) (2,559) (27) 230 (2,461) (28) (2,489) Balance at June 30, 2026 13,260 35 161,619 53,477 (15,557) 212,834 2,806 215,640
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12 (4) Condensed Three-Month Consolidated Statement of Cash Flows (Millions of Yen) Accounts Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) Operating activities Profit 13,693 1,507 Depreciation and amortization 2,866 2,801 Finance income (680) (1,012) Finance costs 253 206 Share of loss of investments accounted for using equity method 97 10 Income tax expense 6,437 1,101 Loss (gain) on sale of property, plant and equipment (16,739) 16 Increase in trade and other receivables (907) (854) Decrease in inventories 525 645 Decrease (increase) in other assets (185) 290 Increase (decrease) in trade and other payables (1,206) 246 Decrease in retirement benefit asset or liability (488) (168) (Decrease) increase in other liabilities 521 (1,038) Other (138) (839) Subtotal 4,049 2,911 Interest received 88 85 Dividends received 1,331 1,319 Interest paid (144) (163) Income taxes paid (3,136) (6,455) Net cash (used in) provided by operating activities 2,188 (2,303) Investing activities Proceeds from withdrawal of time deposits 45 1 Payments into time deposits (926) (662) Purchase of property, plant and equipment (1,264) (551) Proceeds from sale of property, plant and equipment 22,386 9 Purchase of intangible assets (204) (139) Purchase of other financial assets (68) (376) Proceeds from sale or amortization of other financial assets 11 – Payments for acquisition of subsidiaries – (4,511) Payments for sale of subsidiaries (295) – Other 284 – Net cash (used in) provided by investing activities 19,969 (6,229) Financing activities Repayments of long-term borrowings (1,590) – Repayments of lease obligations (1,404) (1,461) Payments for purchase of treasury stock (3,969) (0) Dividends paid to owners of parent (2,583) (2,472) Dividends paid to noncontrolling interests (100) (28) Net cash used in financing activities (9,646) (3,961) Effect of exchange rate changes on cash and cash equivalents (496) 72 Net increase in cash and cash equivalents relating to transfer to assets held for sale 1,295 – Net increase (decrease) in cash and cash equivalents 13,310 (12,421) Cash and cash equivalents at beginning of period 23,419 44,170 Cash and cash equivalents at end of period 36,729 31,749
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13 (5) Notes to Condensed Three-Month Consolidated Financial Statements (Segment Information) (i) Reportable Segment Information Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) (Millions of Yen) Reportable Segment Other (Note) 1 Adjustments (Note) 3 Consolidated Wacoal Business (Domestic) Wacoal Business (Overseas) Peach John Business Total Revenue External customers 22,270 18,436 2,783 43,489 1,467 – 44,956 Intersegment 400 – 50 450 597 (1,047) – Total 22,670 18,436 2,833 43,939 2,064 (1,047) 44,956 Segment profit (Note) 2 604 1,621 11 2,236 65 101 2,402 Other income – – – – – – 17,452 Other expenses – – – – – – (54) Operating profit – – – – – – 19,800 Finance income – – – – – – 680 Finance expense – – – – – – (253) Share of loss of investments accounted for using equity method – – – – – – (97) Profit before tax – – – – – – 20,130 (Note) 1. The “Other” category is not included in the reportable segment but includes Ai business. 2. Segment profit is based on business profit, which is the amount obtained by subtracting cost of sales and selling, general and administrative expenses from revenue. 3. Adjustments to segment profit are due to the elimination of intersegment transactions. 4. The Company accounts for intersegment sales and transfers at cost plus an interest.
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14 Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) (Millions of Yen) Reportable Segment Other (Note) 1 Adjustments (Note) 3 Consolidated Wacoal Business (Domestic) Wacoal Business (Overseas) Peach John Business Total Revenue External customers 21,817 22,735 2,897 47,449 1,456 – 48,905 Intersegment 411 – 43 454 666 (1,120) – Total 22,228 22,735 2,940 47,903 2,122 (1,120) 48,905 Segment profit (loss) (Note) 2 (275) 1,785 7 1,517 29 32 1,578 Other income – – – – – – 296 Other expenses – – – – – – (62) Operating profit – – – – – – 1,812 Finance income – – – – – – 1,012 Finance expense – – – – – – (206) Share of loss of investments accounted for using equity method – – – – – – (10) Profit before tax – – – – – – 2,608 (Note) 1. The “Other” category is not included in the reportable segment but includes Ai business. 2. Segment profit (loss) is based on business profit, which is the amount obtained by subtracting cost of sales and selling, general and administrative expenses from revenue. 3. Adjustments to segment profit (loss) are due to the elimination of intersegment transactions. 4. The Company accounts for intersegment sales and transfers at cost plus an interest. (ii) Changes in reportable segments From the current consolidated three-month period, we have changed the classification method for our reportable segments, following the reaggregation of our business segments into supply chain units to promote ROIC management. Additionally, the segment profit has changed from the previous operating profit to business profit. The segment information for the previous consolidated three-month period is presented based on the new classification of reportable segments. (iii) Segment Information by Region Breakdown of the revenue to external customers (Millions of Yen) Previous Consolidated Three-Month Period (From April 1, 2025 to June 30, 2025) Current Consolidated Three-Month Period (From April 1, 2026 to June 30, 2026) Japan 25,707 25,259 Asia and Oceania 4,221 4,690 Americas and Europe 15,028 18,956 Total 44,956 48,905 (Note) 1. Countries or areas are classified according to locations of consolidated companies. 2. Of “Americas and Europe” category, revenue in the United States for the previous consolidated three-month period and current consolidated three-month period were 8,174 million yen and 10,948 million yen, respectively, and revenue in the United Kingdom for the previous consolidated three-month period and current consolidated three-month period were 4,954 million yen and 5,783 million yen. (Notes on Going Concern)
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15 Not applicable.