Round One (4680) investor relations material

Executive summary

• Revenue for FY2026.3 3Q increased 7.1% year-over-year to ¥135.66 bn, with operating profit up 7.9% to ¥19.56 bn and net profit up 0.9% to ¥11.34 bn.

• Store count rose to 160, with new openings in Willowbrook, Texas and Sendai Izumi, Miyagi in December 2025.

• IFRS was adopted for consolidated financial statements from FY2026.3, enhancing comparability and management efficiency.

• Comprehensive income reached ¥13,437 million, up from ¥12,780 million in the prior year period.

• Basic EPS for the nine months was ¥43.22, up from ¥41.65 year-over-year.

Financial highlights

• Gross profit for 3Q was ¥26.64 bn, up from ¥22.42 bn year-over-year.

• EBITDA for the nine months was ¥51,313 million, with adjusted EBITDA at ¥51,834 million, both showing year-over-year growth.

• SG&A expenses increased 46.7% to ¥6.60 bn, mainly due to higher personnel and utility costs.

• Operating profit margin for 3Q was 14.4%, nearly flat year-over-year.

• Total assets grew to ¥292,185 million as of December 31, 2025, up from ¥259,914 million at March 31, 2025.

Outlook and guidance

• Full-year plan targets revenue of ¥188.78 bn, operating profit of ¥30.13 bn, and net profit of ¥17.83 bn.

• FY2026.3 plan remains unchanged since November 2025, projecting 162 stores and 1,913 operating months.

• Dividend payout ratio targeted at 25% of full-year profit, with quarterly dividends of ¥4.5 per share and a full-year forecast of ¥18.00, up from ¥16.00 in the prior year.

• No revisions have been made to previously announced earnings or dividend forecasts.

• Continued focus on new store openings in Japan and the U.S., with expansion into new business styles and food concepts.