Worth reading
48Recurring
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
-9
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 June 2026 to 31 August 2026ConsolidatedJapanese GAAPNet Sales188¥ millionYear on year -9.0%Progress 8.1%
Operating profit-181¥ million
Ordinary income-186¥ million
Net income attributable to owners of the parent-186¥ million
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-¥16.96
Financial position at period-end
Total assets2,398¥ million
of which net assets 1,924 ¥ millionEquity ratio 80.0%vs. prior year-end +20.4pt
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.
Segment revenueArt-related business ¥182,191 thousand (YoY -9.1%), Other businesses ¥6,378 thousand (YoY -5.9%)
Segment profitArt-related business ¥-123,965 thousand, Other businesses ¥-1,882 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,335 million (YoY +48.0%)
Operating profit¥150 million
Ordinary income¥150 million
Net income¥102 million
Annual Dividend Forecast¥0 → To be determined
Factors Behind Changes in Business Performance
Revenue declined due to lower private sales, particularly diamond sales, while selling, general and administrative expenses decreased by ¥24.803 million year on year, narrowing the operating loss.
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 0 companies / Excluded 0 companies / Company name None
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary losses were recorded in the first quarter.
Depreciation and amortization¥14,884 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End11,017,818 Shares
Treasury Shares at Period-End0 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2026 to 31 August 2026 |
| Net Sales | ¥188 million (YoY -9.0%) |
| Operating profit | ¥-181 million |
| Ordinary income | ¥-186 million |
| Profit attributable to owners of the parent | ¥-186 million |
| Net income per share | -¥16.96 |
| Equity ratio | End of the current fiscal period 80 / End of previous period 59.6 |
| Total assets | ¥2,398 million |
| Net assets | ¥1,924 million |
| Full-year earnings forecast | Net Sales ¥2,335 million (YoY +48.0%) / Operating profit ¥150 million / Ordinary income ¥150 million / Net income ¥102 million |
| Annual Dividend Forecast | ¥0 → To be determined |
| Segment revenue | Art-related business ¥182,191 thousand (YoY -9.1%), Other businesses ¥6,378 thousand (YoY -5.9%) |
| Segment profit | Art-related business ¥-123,965 thousand, Other businesses ¥-1,882 thousand |
| Depreciation and amortization | ¥14,884 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | No extraordinary income or extraordinary losses were recorded in the first quarter. |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 11,017,818 Shares |
| Treasury Shares at Period-End | 0 Shares |
| Factors Behind Changes in Business Performance | Revenue declined due to lower private sales, particularly diamond sales, while selling, general and administrative expenses decreased by ¥24.803 million year on year, narrowing the operating loss. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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 reluctance to offer quality items for sale continued in Japan's art auction market, and diamond sales in particular fell well below the year-earlier period, resulting in lower revenue. Meanwhile, selling, general and administrative expenses decreased by ¥24.803 million year on year, narrowing the operating loss.
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.