Komori
Earnings2305STUDIO ALICE Co.,Ltd.Information and Communications, Services and Others

Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended February 2026, revenue and operating profit declined, falling 7.5% and 30.6%, respectively. For the fiscal year ending February 2027, the company expects higher revenue and profit, and plans to pay an annual dividend of ¥50 per share, unchanged from the previous fiscal year’s actual dividend.

Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-30.6
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales32,928Millions of yenYear on year -7.5%Progress 98.0%
Operating profit2,096Millions of yenYear on year -30.6%Progress 85.6%
Ordinary income2,160Millions of yenYear on year -29.2%Progress 88.2%
Net income attributable to owners of the parent1,162Millions of yenYear on year -15.6%Progress 93.0%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥68.42
Operating Margin6.4
Financial position at period-end
Total assets38,392Millions of yen
of which net assets 30,229 Millions of yenEquity ratio 78.7%vs. prior year-end +6.5pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+4,884
Investment-2,423
Financials-3,710
Net change-1,249

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period17,839 Millions of yen
Segment revenue
Photography Business32,79495.2%-7.4%
Apparel manufacturing and wholesale business1,6444.8%-12.7%
Segment profit
Photography Business2,140-25.4%
Apparel manufacturing and wholesale business-52
Outlook and shareholder returns
Full-year earnings forecast
Net Sales33,600 Millions of yen (YoY +2.0%)
Operating profit2,450 Millions of yen (YoY +16.9%)
Ordinary income2,450 Millions of yen (YoY +13.4%)
Net income1,250 Millions of yen (YoY +7.6%)
Annual Dividend Forecast¥50 → ¥50(0.0%)
Payout ratio73.1
Shareholder Return PolicyThe target dividend payout ratio is 33.3% of net income attributable to owners of the parent and other shareholders.
Factors Behind Changes in Business Performance

Amid the surge in energy and raw material prices, the prolonged depreciation of the yen and unstable international conditions, the company focused on differentiating its photography business, introducing new business formats, on-location photography and new plans, expanding Furiho photo services and baby photography, consolidating and closing stores, and improving labor productivity. In its apparel manufacturing and wholesale business, it worked to develop original apparel and reduce procurement and production costs.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥246,844 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3,853 thousand / Extraordinary loss Loss on disposal of fixed assets ¥14,690 thousand, Loss on sale of fixed assets ¥761 thousand, Impairment Losses ¥246,844 thousand, Loss on closure of a plant ¥22,113 thousand
Depreciation and amortization¥3,443,087 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End17,185,650
Treasury Shares at Period-End201,830
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales32,928 Millions of yen (YoY -7.5%)
Operating profit2,096 Millions of yen (YoY -30.6%)
Ordinary income2,160 Millions of yen (YoY -29.2%)
Profit attributable to owners of the parent1,162 Millions of yen (YoY -15.6%)
Net income per share¥68.42
Operating Margin6.4
Equity ratioEnd of the current fiscal period 78.7 / End of previous period 72.2
Total assets38,392 Millions of yen
Net assets30,229 Millions of yen
Cash flows from operating activities4,884 Millions of yen
Cash flows from investing activities-2,423 Millions of yen
Cash flows from financing activities-3,710 Millions of yen
Cash and cash equivalents at end of period17,839 Millions of yen
Full-year earnings forecastNet Sales 33,600 Millions of yen (YoY +2.0%) / Operating profit 2,450 Millions of yen (YoY +16.9%) / Ordinary income 2,450 Millions of yen (YoY +13.4%) / Net income 1,250 Millions of yen (YoY +7.6%)
Annual Dividend Forecast¥50 → ¥50(0.0%)
Payout ratio73.1
Shareholder Return PolicyThe target dividend payout ratio is 33.3% of net income attributable to owners of the parent and other shareholders.
Segment revenuePhotography Business 32,794 Millions of yen (YoY -7.4%) / Apparel manufacturing and wholesale business 1,644 Millions of yen (YoY -12.7%)
Segment profitPhotography Business 2,140 Millions of yen (YoY -25.4%) / Apparel manufacturing and wholesale business -52 Millions of yen
Depreciation and amortization¥3,443,087 thousand
Impairment loss¥246,844 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3,853 thousand / Extraordinary loss Loss on disposal of fixed assets ¥14,690 thousand, Loss on sale of fixed assets ¥761 thousand, Impairment Losses ¥246,844 thousand, Loss on closure of a plant ¥22,113 thousand
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End17,185,650
Treasury Shares at Period-End201,830
Factors Behind Changes in Business PerformanceAmid the surge in energy and raw material prices, the prolonged depreciation of the yen and unstable international conditions, the company focused on differentiating its photography business, introducing new business formats, on-location photography and new plans, expanding Furiho photo services and baby photography, consolidating and closing stores, and improving labor productivity. In its apparel manufacturing and wholesale business, it worked to develop original apparel and reduce procurement and production costs.
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog

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.

The company did not attribute the decline to any single factor. It cited the surge in energy and raw material prices, the prolonged depreciation of the yen and unstable international conditions as part of the economic environment. In its photography business, the company said it pursued differentiation, new services, store consolidation and closure, and higher labor productivity.

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.
Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Consolidated) | STUDIO ALICE Co.,Ltd. (2305) timely disclosure | Komori