Kotobuki Spirits (2222) investor relations material

Executive summary

• Achieved record quarterly highs in sales and profits, with net sales up 10.0% and operating profit up 20.7% year-over-year for FY2027 Q1, driven by proactive initiatives and new store openings.

• Inbound sales (international terminal sales) rose 1.9% year-over-year, overcoming headwinds from Japan-China relations.

• Five new stores were opened and one closed, including launches of new brands and renewal of flagship locations.

• Comprehensive income increased 19.6% year-over-year to ¥2,756 million.

Financial highlights

• Net sales: ¥18,668 million (+10.0% YoY); Operating profit: ¥4,152 million (+20.7% YoY); Ordinary profit: ¥4,178 million (+20.3% YoY); Net profit: ¥2,731 million (+18.6% YoY); EPS: ¥17.69 (+¥2.77 YoY).

• Gross profit margin improved by 1.2 points to 61.9% due to pricing adjustments.

• SG&A expense ratio improved by 0.8 points to 39.6% on revenue growth.

• Gross profit increased to ¥11,549 million from ¥10,305 million year-over-year.

• Total assets as of June 30, 2026, were ¥56,299 million, down from ¥60,142 million at March 31, 2026.

Outlook and guidance

• FY2027 full-year forecast: Net sales ¥84,500 million (+7.3% YoY), Operating profit ¥20,550 million (+10.5% YoY), Net profit ¥13,810 million (+10.0% YoY), EPS ¥89.42.

• Dividend per share forecast raised to ¥45.00 (+28.6% YoY), with interim dividends introduced.

• Capital investment plan of ¥4 billion, including a new plant in Okinawa scheduled to start operations in summer 2027.