<Remarks>

1. The above data is based on sales (retail price basis) at the group's own retail stores and e-commerce sales channels in Japan, which is available to be aggregated on a monthly basis.
2. Sales of the Existing Retail Channels are calculated pursuant to sales at stores that were open for at least twenty days during the same months of the previous year and this year.
3. Monthly Retail Sales (YoY) is calculated on a retail price basis. Hence, there is no impact from the change in revenue recognition standards.
4. The figures for the latest month are preliminary that are subject to revision and are not considered final until they appear on the Monthly Sales Report for the following month.
5. If there is a significant variance between preliminary and finalized figures, we will release the corrected information immediately.

< July Overview>

The sales results for this month were 90.3% and 95.2% year-on-year for the All Retail Channels and the Existing Retail Channels, respectively.
Mens' high summer products and new fashion goods from womenswear brands performed well, while customer traffic, including inbound tourists, decreased, resulting in overall sales declining year-on-year.
There was no impact from differences in the number of holidays compared to the previous year.