Worth reading
68In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
419
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending January 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,375 million+43.9%
Operating profit¥49 million
Ordinary income¥46 million
Net income¥31 million
Selling, general and administrative expenses¥405 million
Gross Profit Margin
Rate33.1%
Year-on-year change (points)Down from 38.4% in the previous fiscal year
Results for the three months of the current quarter
Net Sales
¥1,375 million
Gross profit
¥455 million
Selling, general and administrative expenses
¥405 million
Operating profit
¥49 million
Ordinary income
¥46 million
Quarterly net income
¥31 million
Full-year earnings forecast
Net Sales
¥6,000 million
Gross profit
¥2,124 million
Selling, general and administrative expenses
¥1,878 million
Operating profit
¥246 million
Ordinary income
¥246 million
Net income for the current fiscal year
¥167 million
EBITDA
¥618 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress in the first quarter was broadly in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in イタミアート revenue+¥123 million
- Personnel investment at イタミアート-¥36 million
- Advertising and promotional spending-¥15 million
- Increase in fees, including systems investments-¥16 million
- Increase in depreciation and amortization expense-¥16 million
- Other factors, including higher shipping costs-¥20 million
- Consolidation of TNP's results-¥12 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Risk of cost inflation exceeding expectations
- Measures including passing higher costs through to prices
New initiatives
- Continued investment in the transition to smart factories
- Installation of printing equipment and robotization and automation of manual work
- Bringing approximately 50% of outsourced packing and shipping operations in-house
- SEO and online advertising investment in priority e-commerce sites
- Revamp of the 「のぼりキング」 website
- Continued addition of new products
- Expanding large-lot orders through collaboration with 東京ネオプリント
- Increasing sales staff at 東京ネオプリント, reducing material procurement costs, and automating and bringing manufacturing processes in-house
Key KPIsA metric the company considers important as a management benchmark.
- Number of transactions80,550 EngagementsYear on year against the same period last yearTrending higher
- Average spend per customerYear on year against the same period last yearStable
- Number of sessions
- Repeat order ratio65% or higher
- Cumulative user count46.5 10,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of Transactions80,550 transactions
Medium-term management plan targets
- Approximately 15% average annual growth
- ¥40 billion–¥50 billion market for nobori flags and banners
- 10%–15% average annual growth in the banner market
Market Size / Share
The market for nobori flags and banners is ¥40 billion–¥50 billion. The materials state that market share is expected to expand, but the share figure is not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending January 2027 |
| Net Sales | ¥1,375 million (YoY +43.9%) |
| Operating profit | ¥49 million |
| Ordinary income | ¥46 million |
| Net income | ¥31 million |
| Gross Profit Margin | Rate 33.1% / Year-on-year change (points) Down from 38.4% in the previous fiscal year |
| Selling, general and administrative expenses | ¥405 million |
| Results for the three months of the current quarter | Net Sales ¥1,375 million / Gross profit ¥455 million / Selling, general and administrative expenses ¥405 million / Operating profit ¥49 million / Ordinary income ¥46 million / Quarterly net income ¥31 million |
| Full-year earnings forecast | Net Sales ¥6,000 million / Gross profit ¥2,124 million / Selling, general and administrative expenses ¥1,878 million / Operating profit ¥246 million / Ordinary income ¥246 million / Net income for the current fiscal year ¥167 million / EBITDA ¥618 million |
| Self-assessment against the plan | Progress in the first quarter was broadly in line with plan |
| Breakdown of Factors Affecting the Change | Factors Increase in イタミアート revenue / Amount +¥123 million, Factors Personnel investment at イタミアート / Amount -¥36 million, Factors Advertising and promotional spending / Amount -¥15 million, Factors Increase in fees, including systems investments / Amount -¥16 million, Factors Increase in depreciation and amortization expense / Amount -¥16 million, Factors Other factors, including higher shipping costs / Amount -¥20 million, Factors Consolidation of TNP's results / Amount -¥12 million |
| Key KPIs | Indicator name Number of transactions / Value 80,550 Engagements / Year on year against the same period last year Trending higher, Indicator name Average spend per customer / Value Not disclosed / Year on year against the same period last year Stable, Indicator name Number of sessions / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Repeat order ratio / Value 65% or higher / Year on year against the same period last year Not disclosed, Indicator name Cumulative user count / Value 46.5 10,000 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Number of Transactions 80,550 transactions / Average spend per customer Not disclosed |
| Assumptions Underlying the Business Outlook | Risk of cost inflation exceeding expectations, Measures including passing higher costs through to prices |
| Medium-term management plan targets | Approximately 15% average annual growth, ¥40 billion–¥50 billion market for nobori flags and banners, 10%–15% average annual growth in the banner market |
| Market Size / Share | The market for nobori flags and banners is ¥40 billion–¥50 billion. The materials state that market share is expected to expand, but the share figure is not disclosed |
| New initiatives | Continued investment in the transition to smart factories, Installation of printing equipment and robotization and automation of manual work, Bringing approximately 50% of outsourced packing and shipping operations in-house, SEO and online advertising investment in priority e-commerce sites, Revamp of the 「のぼりキング」 website, Continued addition of new products, Expanding large-lot orders through collaboration with 東京ネオプリント, Increasing sales staff at 東京ネオプリント, reducing material procurement costs, and automating and bringing manufacturing processes in-house |
Items this document does not state (13)
Operating profit marginProgress against full-year forecastSegment resultsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue increased following the addition of 東京ネオプリント to the Group, as well as growth in sales at イタミアート. While the transition to smart factories improved manufacturing efficiency, the consolidation of 東京ネオプリント, which operates a low-margin sales model, along with investments in personnel, advertising and promotional expenses, systems investments, depreciation and shipping costs, weighed on profits. The decline in quarterly net income was due mainly to higher tax expenses.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.