Worth reading
62In focus
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
218
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending April 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales7,102 Millions of yen-2.2%
Operating profit391 Millions of yen+125.6%
Ordinary income428 Millions of yen+139.7%
Net income292 Millions of yen
Gross Profit Margin45.6
Operating profit margin5.5
Selling, general and administrative expenses2,843 Millions of yen
Full-year earnings forecast
Net Sales
7,860 Millions of yen
Operating profit
460 Millions of yen
Ordinary income
475 Millions of yen
Net income for the current fiscal year
315 Millions of yen
Earnings per share
¥21.13
Annual dividend per share
¥7
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Improved gross margin in the photobook business
- Absence of the inventory valuation loss in the aerial display business
- Absence of the impairment loss and investment securities valuation loss recorded in the previous fiscal year
- Nationwide decline in the number of funerals conducted
The company identifies the factors but does not state the amount attributable to each one.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Costs related to consolidating the 3 Tokyo locations50 Millions of yen
New initiatives
- Renewal of the management structure
- Change in the aerial display business to a licensing model
- Licensing agreement with Chinese company Yesar
- Closure of the technology development center
- Entry into the pet funeral and cemetery business
- Development of active technologies
- Expansion of the funeral DX service tsunagoo, VR education services and new video content
- Capital and business alliance with cizucu
- Consolidation of the 3 Tokyo locations
Key KPIsA metric the company considers important as a management benchmark.
- Number of business partners, including photographic studios6,100 companies
- Annual number of photobooks provided127 10,000 copies
- Number of funeral service provider locations in the network3,240 Locations
- Annual number of photographic images provided48 10,000 passes
- Number of sales targets, including local governments1,800 Local governments and other authorities
- Number of domestic patent applications for active technologies6 Engagements
Segment results
- Funeral businessSales3,301 Millions of yenYear-on-year revenue comparison-2.6Segment profit632 Millions of yen
- Photobook businessSales3,704 Millions of yenYear-on-year revenue comparison-0.8Segment profit677 Millions of yen
- Aerial Display businessSales105 Millions of yenYear-on-year revenue comparison-27.3Segment profit-283 Millions of yen
Medium-term management plan targets
Target fiscal yearFiscal year ending April 2029
Net Sales
10,000 Millions of yen
Operating profit
800 Millions of yen
ROE
8 %
Financial targets
ROE
Target value8 %
Number of stores and locations
OtherThe Tokyo office is split across 3 locations
Capital expenditures
350 Millions of yen planned for the fiscal year ending April 2027, including software
Annual Dividend
Annual dividend per share¥7
Payout ratio
Rate30 %
Additional informationGuideline of 30% or more
Acquisition of treasury shares
The company has disclosed that it will purchase treasury shares, but the amount, number of shares and period of the purchase authorization are not disclosed| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending April 2026 |
| Net Sales | 7,102 Millions of yen (YoY -2.2%) |
| Operating profit | 391 Millions of yen (YoY +125.6%) |
| Ordinary income | 428 Millions of yen (YoY +139.7%) |
| Net income | 292 Millions of yen |
| Gross Profit Margin | 45.6 |
| Operating profit margin | 5.5 |
| Selling, general and administrative expenses | 2,843 Millions of yen |
| Full-year earnings forecast | Net Sales 7,860 Millions of yen / Operating profit 460 Millions of yen / Ordinary income 475 Millions of yen / Net income for the current fiscal year 315 Millions of yen / Earnings per share ¥21.13 / Annual dividend per share ¥7 |
| Self-assessment against the plan | Below plan |
| Segment results | Segment Funeral business / Sales 3,301 Millions of yen / Year-on-year revenue comparison -2.6 / Segment profit 632 Millions of yen / Segment profit, year on year Not disclosed, Segment Photobook business / Sales 3,704 Millions of yen / Year-on-year revenue comparison -0.8 / Segment profit 677 Millions of yen / Segment profit, year on year Not disclosed, Segment Aerial Display business / Sales 105 Millions of yen / Year-on-year revenue comparison -27.3 / Segment profit -283 Millions of yen / Segment profit, year on year Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Improved gross margin in the photobook business / Amount Not disclosed, Factors Absence of the inventory valuation loss in the aerial display business / Amount Not disclosed, Factors Absence of the impairment loss and investment securities valuation loss recorded in the previous fiscal year / Amount Not disclosed, Factors Nationwide decline in the number of funerals conducted / Amount Not disclosed |
| Key KPIs | Indicator name Number of business partners, including photographic studios / Value 6,100 companies / Year on year against the same period last year Not disclosed, Indicator name Annual number of photobooks provided / Value 127 10,000 copies / Year on year against the same period last year Not disclosed, Indicator name Number of funeral service provider locations in the network / Value 3,240 Locations / Year on year against the same period last year Not disclosed, Indicator name Annual number of photographic images provided / Value 48 10,000 passes / Year on year against the same period last year Not disclosed, Indicator name Number of sales targets, including local governments / Value 1,800 Local governments and other authorities / Year on year against the same period last year Not disclosed, Indicator name Number of domestic patent applications for active technologies / Value 6 Engagements / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end Not disclosed / Number of store openings and closures during the period Not disclosed / Other The Tokyo office is split across 3 locations |
| Assumptions Underlying the Business Outlook | Item Costs related to consolidating the 3 Tokyo locations / Value 50 Millions of yen |
| Medium-term management plan targets | Target fiscal year Fiscal year ending April 2029 / Net Sales 10,000 Millions of yen / Operating profit 800 Millions of yen / ROE 8 % |
| Financial targets | ROE Target value 8 % / Actual value Not disclosed |
| Annual Dividend | Annual dividend per share ¥7 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Rate 30 % / Additional information Guideline of 30% or more |
| Acquisition of treasury shares | The company has disclosed that it will purchase treasury shares, but the amount, number of shares and period of the purchase authorization are not disclosed |
| Capital expenditures | 350 Millions of yen (planned for the fiscal year ending April 2027, including software) |
| New initiatives | Renewal of the management structure, Change in the aerial display business to a licensing model, Licensing agreement with Chinese company Yesar, Closure of the technology development center, Entry into the pet funeral and cemetery business, Development of active technologies, Expansion of the funeral DX service tsunagoo, VR education services and new video content, Capital and business alliance with cizucu, Consolidation of the 3 Tokyo locations |
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey 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 fell below the previous fiscal year in all 3 businesses, mainly due to a nationwide decline in the number of funerals conducted. Profit benefited from an improved gross margin in the photobook business, the absence of the inventory valuation loss and impairment loss recorded in the previous fiscal year in the aerial display business, and lower fixed costs following the closure of the research and development center.
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.
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