During the 1Q of the current fiscal year (from November 1, 2024 to January 31, 2025), the Japanese economy saw a gradual recovery in consumer spending and corporate capital investment on the back of an improvement in the employment and income situation, and the domestic demand environment is improving. However, the outlook remains uncertain due to heightened uncertainty about the external demand environment, including future policy trends in the U.S. and the situation surrounding the Middle East.

　In the wedding industry, the number of weddings in 2023 was 470000 couples (Ministry of Health, Labour and Welfare, "Annual Estimates of 2023 Vital Statistics"), a decrease of 30000 couples from the previous year. Against the backdrop of the decline in the marrying age population, the number of weddings and reception is gradually declining, but the guest house and wedding market is generally steady.

　Under these circumstances, with the diversification of values for weddings spreading, our Group has strengthened our ability to collect and analyze information through internal and external training and our proprietary sales support system with the aim of improving the human resources and customer service of our staff, and has actively engaged in various measures. In addition, the Group established a specialized department to promote the branding of weddings and worked to increase the value of weddings, as well as attract customers and increase orders and increase sales.

　As a result of the above, in the 1Q of the current fiscal year, net sales were 4.967 billion yen (down 3.7% from the same quarter of the previous year) and operating income was 178
Millions of yen (59.2% decrease), ordinary profit (185 million% decrease (58.1% decrease)) and quarterly profit attributable to the parent company stockholder (111 million% (60.9% decrease)).

 

  A fundamental management objective at IKK is for our corporation to become indispensable to local communities through the contributions we make to society with our style of corporate management based on our management philosophy, “To touch our customers' hearts!” We are also aware that strengthening the growth potential and excellence of our company while increasing corporate value and longevity are among the challenges we face as management.
 

  At IKK, we take seriously our mission and responsibility as a public institution of society and are determined to be a leading company in the wedding industry as we continue to share and test our corporate philosophy. Toward that end, we ask our shareholders and investors for their continued guidance and encouragement.

 

Mar. 13, 2025