Interim report
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. October 8, 2026 C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d dF F F F Fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l lR R R R Re e e e es s s s su u u u ul l l l lt t t t ts s s s s f f f f fo o o o or r r r rt t t t th h h h he e e e eS S S S Si i i i ix x x x xM M M M Mo o o o on n n n nt t t t th h h h hs s s s sE E E E En n n n nd d d d de e e e ed d d d dA A A A Au u u u ug g g g gu u u u us s s s st t t t t3 3 3 3 31 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6 ( ( ( ( (U U U U Un n n n nd d d d de e e e er r r r rJ J J J Ja a a a ap p p p pa a a a an n n n ne e e e es s s s se e e e eG G G G GA A A A AA A A A AP P P P P) ) ) ) ) Company name: YOSHINOYA HOLDINGS CO.,LTD. Listing: Tokyo Stock Exchange Securities code: 9861 URL: https://www.yoshinoya-holdings.com Representative: Tetsuya Naruse Inquiries: Hiroaki Ishihara Head of Finance and Accounting Telephone: +81-3-5651-8800 Scheduled date to file semi-annual securities report: October 9, 2026 Scheduled date to commence dividend payments: November 9, 2026 Preparation of supplementary material on financial results: None Holding of financial results briefing: Yes (Yen amounts are rounded down to millions, unless otherwise noted.) 1 1 1 1 1. . . . .C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d df f f f fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l lr r r r re e e e es s s s su u u u ul l l l lt t t t ts s s s sf f f f fo o o o or r r r rt t t t th h h h he e e e es s s s si i i i ix x x x xm m m m mo o o o on n n n nt t t t th h h h hs s s s se e e e en n n n nd d d d de e e e ed d d d dA A A A Au u u u ug g g g gu u u u us s s s st t t t t3 3 3 3 31 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6( ( ( ( (f f f f fr r r r ro o o o om m m m mM M M M Ma a a a ar r r r rc c c c ch h h h h1 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6t t t t to o o o oA A A A Au u u u ug g g g gu u u u us s s s st t t t t3 3 3 3 31 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6) ) ) ) ) ( ( ( ( (1 1 1 1 1) ) ) ) )C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d do o o o op p p p pe e e e er r r r ra a a a at t t t ti i i i in n n n ng g g g gr r r r re e e e es s s s su u u u ul l l l lt t t t ts s s s s( ( ( ( (c c c c cu u u u um m m m mu u u u ul l l l la a a a at t t t ti i i i iv v v v ve e e e e) ) ) ) ) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % August 31, 2026 121,494 10.0 5,782 30.3 6,222 29.6 3,810 44.1 August 31, 2025 110,446 11.2 4,438 19.5 4,802 21.0 2,644 19.5 Note: Comprehensive income For the six months ended August 31, 2026: ¥ 4,364 million [ 141.1%] For the six months ended August 31, 2025: ¥ 1,810 million [ (50.6) %] Basic earnings per share Diluted earnings per share Six months ended Yen Yen August 31, 2026 58.96 - August 31, 2025 40.87 - ( ( ( ( (2 2 2 2 2) ) ) ) )C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d df f f f fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l lp p p p po o o o os s s s si i i i it t t t ti i i i io o o o on n n n n Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % August 31, 2026 133,403 69,904 51.8 February 28, 2026 124,824 68,712 54.5 Reference: Equity As of August 31, 2026: ¥ 69,153 million As of February 28, 2026: ¥ 67,992 million Representative Director, President and Chief Executive Officer
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2 2 2 2 2. . . . . C C C C Ca a a a as s s s sh h h h h d d d d di i i i iv v v v vi i i i id d d d de e e e en n n n nd d d d ds s s s s Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 11.00 - 11.00 22.00February 28, 2026 Fiscal year ending - 12.00February 28, 2027 Fiscal year ending February 28, 2027 (Forecast) - 12.00 24.00 Note: Revisions to the forecast of cash dividends most recently announced: Yes 3 3 3 3 3. . . . . C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d d f f f f fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l l r r r r re e e e es s s s su u u u ul l l l lt t t t t f f f f fo o o o or r r r re e e e ec c c c ca a a a as s s s st t t t ts s s s s f f f f fo o o o or r r r r t t t t th h h h he e e e e f f f f fi i i i is s s s sc c c c ca a a a al l l l l y y y y ye e e e ea a a a ar r r r r e e e e en n n n nd d d d di i i i in n n n ng g g g g F F F F Fe e e e eb b b b br r r r ru u u u ua a a a ar r r r ry y y y y 2 2 2 2 28 8 8 8 8, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7 ( ( ( ( (f f f f fr r r r ro o o o om m m m m M M M M Ma a a a ar r r r rc c c c ch h h h h 1 1 1 1 1, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6 t t t t to o o o o F F F F Fe e e e eb b b b br r r r ru u u u ua a a a ar r r r ry y y y y 2 2 2 2 28 8 8 8 8, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7) ) ) ) ) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 248,000 9 .9 1 0,000 2 3.6 1 0,400 1 8.1 6 ,000 2 8.6 92.85 Note: Revisions to the finan cial result forecast most recently announced: Yes * * * * * N N N N No o o o ot t t t te e e e es s s s s (1) Significant changes in the sco pe of consolidation during the period: Yes Newly included: ) Excluded: - companies( companies( ) (2) Adoption of accounting treatment specific to th e preparation of semi-annual consolidated financial statements: No ne (3) Changes in accounting policies, chan ges in accounting estimates, and restatement (i) Ch anges in accounting policies d ue to revisions to acco unting standards and other regulations: None (ii) Ch anges in accounting policies d ue to other reasons: None (iii) Ch anges in accounting estimates: None (iv) Restatemen t: None (4) Number of issued shares (common shares) (i) Total n umber of issued shares at th e end of the p eriod (including treasury shares) As of August 31, 2026 65,129,558 sh ares As of February 28, 2026 65,129,558 sh ares (ii) Nu mber of treasury shares at the end of the period As of August 31, 2026 1,063,830 sh ares As of February 28, 2026 402,893 sh ares (iii) Av erage number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended August 31, 2026 64,615,910 sh ares Six months ended August 31, 2025 64,716,587 sh ares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Explanation of appropriate use of forecasts of financial results, and other important items: Financial forecasts and other forward-looking statements in this document are based on information available at the time of preparation and on certain assumptions that are deemed to be reasonable. These forward-looking statements are not guarantees of future performance and actual results may differ materially from these forecasts due to a variety of reasons. YOSHINOYA CO., LTD. and ５ other companies６
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Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet (Millions of yen) As of February 28, 2026 As of August 31, 2026 Assets Current assets Cash and deposits 21,638 26,550 Notes and accounts receivable - trade 6,803 8,530 Merchandise and finished goods 4,614 4,297 Work in process 66 111 Raw materials and supplies 4,186 4,274 Other 4,781 4,583 Allowance for doubtful accounts (219) (223) Total current assets 41,871 48,123 Non-current assets Property, plant and equipment Buildings and structures, net 33,178 35,009 Rights of use assets, net 8,778 9,122 Other, net 16,891 16,179 Total property, plant and equipment 58,849 60,311 Intangible assets Goodwill 1,949 1,887 Other 1,822 1,992 Total intangible assets 3,771 3,879 Investments and other assets Investment securities 2,914 3,119 Guarantee deposits 11,561 11,729 Deferred tax assets 2,370 2,846 Other 3,830 3,598 Allowance for doubtful accounts (344) (205) Total investments and other assets 20,331 21,088 Total non-current assets 82,953 85,279 Total assets 124,824 133,403
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(Millions of yen) As of February 28, 2026 As of August 31, 2026 Liabilities Current liabilities Notes and accounts payable - trade 6,331 7,946 Short-term borrowings 7,050 10,050 Current portion of long-term borrowings 3,313 3,320 Lease liabilities 2,623 2,784 Income taxes payable 1,813 2,946 Provision for bonuses 1,236 1,375 Provision for bonuses for directors (and other officers) 4 - Provision for shareholder benefit program 309 310 Asset retirement obligations 92 58 Other 13,204 14,381 Total current liabilities 35,979 43,172 Non-current liabilities Long-term borrowings 6,790 6,792 Lease liabilities 9,042 9,157 Retirement benefit liability - 5 Asset retirement obligations 3,352 3,379 Provision for loss on business of subsidiaries and associates 70 66 Other 876 923 Total non-current liabilities 20,132 20,326 Total liabilities 56,112 63,498 Net assets Shareholders' equity Share capital 10,265 10,265 Capital surplus 11,419 11,442 Retained earnings 46,444 49,544 Treasury shares (499) (2,986) Total shareholders' equity 67,628 68,266 Accumulated other comprehensive income Valuation difference on available-for-sale securities 28 26 Foreign currency translation adjustment 375 901 Remeasurements of defined benefit plans (40) (41) Total accumulated other comprehensive income 363 886 Non-controlling interests 720 751 Total net assets 68,712 69,904 Total liabilities and net assets 124,824 133,403
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Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) For the six months ended August 31, 2025 For the six months ended August 31, 2026 Net sales 110,446 121,494 Cost of sales 41,610 45,854 Gross profit 68,835 75,640 Selling, general and administrative expenses 64,396 69,857 Operating profit 4,438 5,782 Non-operating income Interest income 93 90 Dividend income 0 0 lease income 167 180 Share of profit of entities accounted for using equity method 55 144 Foreign exchange gains 63 131 Miscellaneous income 391 300 Total non-operating income 773 848 Non-operating expenses Interest expenses 197 214 Rental expenses 104 96 Miscellaneous losses 108 98 Total non-operating expenses 410 408 Ordinary profit 4,802 6,222 Extraordinary income Gain on sale of non-current assets 25 227 Compensation income 59 367 Gain on sale of investments in capital of subsidiaries and associates 8 - Total extraordinary income 93 594 Extraordinary losses Loss on sale of non-current assets 0 - Loss on retirement of non-current assets 77 90 Impairment losses 249 416 Loss on cancellation of contracts 12 34 Provision for loss on business of subsidiaries and associates 23 - Total extraordinary losses 363 542 Profit before income taxes 4,532 6,274 Income taxes - current 1,662 2,882 Income taxes - deferred 191 (434) Total income taxes 1,853 2,447 Profit 2,679 3,826 Profit attributable to non-controlling interests 34 16 Profit attributable to owners of parent 2,644 3,810
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Semi-annual Consolidated Statement of Comprehensive Income (Millions of yen) For the six months ended August 31, 2025 For the six months ended August 31, 2026 Profit 2,679 3,826 Other comprehensive income Valuation difference on available-for-sale securities 6 (2) Foreign currency translation adjustment (766) 514 Remeasurements of defined benefit plans, net of tax (1) (0) Share of other comprehensive income of entities accounted for using equity method (108) 25 Total other comprehensive income (868) 538 Comprehensive income 1,810 4,364 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,789 4,333 Comprehensive income attributable to non-controlling interests 20 31
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Semi-annual Consolidated Statement of Cash Flows (Millions of yen) For the six months ended August 31, 2025 For the six months ended August 31, 2026 Cash flows from operating activities Profit before income taxes 4,532 6,274 Depreciation 3,644 3,860 Amortization of goodwill 77 81 Increase (decrease) in allowance for doubtful accounts (384) (137) Increase (decrease) in provision for bonuses 56 137 Increase (decrease) in provision for bonuses for directors (and other officers) (0) (4) Increase (decrease) in provision for shareholder benefit program 6 1 Interest and dividend income (94) (91) Interest expenses 197 214 Share of loss (profit) of entities accounted for using equity method (55) (144) Loss (gain) on sale of non-current assets (25) (227) Compensation income (59) (367) Impairment losses 249 416 Loss on retirement of non-current assets 77 90 Decrease (increase) in trade receivables (1,673) (1,657) Decrease (increase) in inventories (2,982) 253 Increase (decrease) in trade payables 152 1,560 Decrease (increase) in accounts receivable - other (215) 357 Increase (decrease) in accrued liabilities 1,815 (223) Increase (decrease) in accrued consumption taxes (59) 499 Other, net 1,301 462 Subtotal 6,561 11,358 Interest and dividends received 155 222 Interest paid (196) (260) Proceeds from compensation 59 367 Income taxes paid (1,289) (1,834) Net cash provided by (used in) operating activities 5,290 9,853
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(Millions of yen) For the six months ended August 31, 2025 For the six months ended August 31, 2026 Cash flows from investing activities Payments into time deposits (62) (0) Proceeds from withdrawal of time deposits 277 69 Purchase of property, plant and equipment (5,573) (4,272) Proceeds from sale of property, plant and equipment 47 531 Purchase of intangible assets (230) (404) Payments for asset retirement obligations (75) (82) Payments of guarantee deposits (173) (355) Proceeds from refund of guarantee deposits 154 228 Loan advances (19) (38) Proceeds from collection of loans receivable 78 38 Proceeds from sale of investment securities 21 4 Purchase of shares of subsidiaries and associates - (72) Proceeds from sale of shares of subsidiaries and associates 582 291 Payments for investments in capital of subsidiaries and associates (356) - Proceeds from sales of investments in capital of subsidiaries and associates 28 - Net cash provided by (used in) investing activities (5,300) (4,063) Cash flows from financing activities Repayments of lease liabilities (795) (963) Net increase (decrease) in short-term borrowings 6,000 3,000 Proceeds from long-term borrowings 3,110 130 Repayments of long-term borrowings (6,380) (126) Dividends paid (644) (710) Purchase of treasury shares (1) (2,501) Other, net 0 - Net cash provided by (used in) financing activities 1,286 (1,170) Effect of exchange rate change on cash and cash equivalents (69) 243 Net increase (decrease) in cash and cash equivalents 1,207 4,863 Cash and cash equivalents at beginning of period 19,524 20,931 Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation 187 73 Cash and cash equivalents at end of period 20,920 25,868