Kotobuki Spirits (2222) investor relations material

Executive summary

• Net sales for FY2026 (1Q–3Q) rose 8.7% year-over-year to ¥58,485 million, reaching record highs at all profit levels despite higher raw material costs.

• Operating profit increased 3.4% to ¥14,011 million, and profit attributable to owners of parent rose 3.4% to ¥9,331 million.

• Comprehensive income increased 3.8% year-over-year to ¥9,335 million.

• Inbound sales (international terminal sales) increased 8.2% YoY to 8,013 million yen.

• Nine new stores were opened, including flagship and new brand locations in major urban centers and airports.

Financial highlights

• Net sales: 58,485 million yen (+8.7% YoY); Net profit: 9,331 million yen (+3.4% YoY); Operating profit: 14,011 million yen (+3.4% YoY).

• Gross profit for the nine months was ¥35,678 million, up from ¥33,439 million year-over-year.

• Gross profit margin slightly declined to 61.0% (from 62.1% YoY) due to increased material costs.

• Basic earnings per share increased to 60.43 yen.

• Total assets as of December 31, 2025, were ¥55,383 million, up from ¥51,980 million at the previous fiscal year-end.

Outlook and guidance

• Full-year FY2026 forecast unchanged: Net sales expected to rise 10.1% YoY to 79,670 million yen; operating profit to increase 11.6% to 19,650 million yen.

• Net profit forecast at 13,400 million yen (+10.5% YoY); dividend per share projected at 35 yen.

• Capital investment plan of 2.5 billion yen; new store openings and productivity improvements planned.