Worth reading
66In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
8.6
% (year-on-year decline in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,799 million-8.6%
Operating profit¥-79 million
Results for the three months of the current quarter
Net Sales
¥3,799 million-8.6%
Operating loss
¥-79 million
Full-year earnings forecast
Net Sales
¥15,600 million
Operating profit
¥20 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales24.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance is tracking behind planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Issues First-quarter performance and progress against the full-year plan / Answer Revenue was ¥3,799 million and the operating loss was ¥79 million. Revenue progress against the full-year forecast was 24.4%, and performance is tracking behind plan.
- Issues Profitability and expansion of Sample Department Store physical locations / Answer The company operates 3 stores in the Tokyo metropolitan area, each of which has established a profitable operating structure. It is considering further expansion through new store openings.
- Issues Background to the transfer of Mirai Bank shares and use of proceeds / Answer The shares were transferred from the perspective of resource allocation, in light of limited synergies within the Group and a proposal from MILIZE to buy them back. The sale proceeds will be reallocated to expanding customer acquisition touchpoints for Sample Department Store, PrimeAd, the Household Finance Consultation Center and other areas.
New initiatives
- Growth of Sample Department Store's Yahoo! Shopping store and physical locations
- Considering further expansion through new physical store openings
- Strengthening OMO integration by combining web services with physical stores
- Reallocating proceeds from the transfer of Mirai Bank shares to growth areas
Key KPIsA metric the company considers important as a management benchmark.
- E-commerce penetration rate in the food and daily necessities segment5 %
- Number of Sample Department Store physical locations3 Location
Market Size / Share
E-commerce penetration rate in the food and daily necessities segment
5 %
Number of stores and locations
Number at period-end3 stores in the Tokyo metropolitan area
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥3,799 million (YoY -8.6%) |
| Operating profit | ¥-79 million |
| Results for the three months of the current quarter | Net Sales ¥3,799 million (YoY -8.6%) / Operating loss ¥-79 million |
| Full-year earnings forecast | Net Sales ¥15,600 million / Operating profit ¥20 million |
| Progress against full-year forecast | Net Sales 24.4 % |
| Self-assessment against the plan | Performance is tracking behind plan |
| Key KPIs | Indicator name E-commerce penetration rate in the food and daily necessities segment / Value 5 % / Year on year against the same period last year Not disclosed, Indicator name Number of Sample Department Store physical locations / Value 3 Location / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 3 stores in the Tokyo metropolitan area / Number of store openings and closures during the period Not disclosed |
| Market Size / Share | E-commerce penetration rate in the food and daily necessities segment 5 % |
| Key points of the Q&A | Issues First-quarter performance and progress against the full-year plan / Answer Revenue was ¥3,799 million and the operating loss was ¥79 million. Revenue progress against the full-year forecast was 24.4%, and performance is tracking behind plan., Issues Profitability and expansion of Sample Department Store physical locations / Answer The company operates 3 stores in the Tokyo metropolitan area, each of which has established a profitable operating structure. It is considering further expansion through new store openings., Issues Background to the transfer of Mirai Bank shares and use of proceeds / Answer The shares were transferred from the perspective of resource allocation, in light of limited synergies within the Group and a proposal from MILIZE to buy them back. The sale proceeds will be reallocated to expanding customer acquisition touchpoints for Sample Department Store, PrimeAd, the Household Finance Consultation Center and other areas. |
| New initiatives | Growth of Sample Department Store's Yahoo! Shopping store and physical locations, Considering further expansion through new physical store openings, Strengthening OMO integration by combining web services with physical stores, Reallocating proceeds from the transfer of Mirai Bank shares to growth areas |
Items this document does not state (18)
Ordinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.This was because promotional spending in the Commerce area of the Consumer Services segment declined this fiscal year following strong promotional activity in the same quarter of the previous fiscal year. In addition, gross margin at Sample Department Store has been unstable because fluctuations in selling prices resulted from a temporary surge in inventory deliveries. Higher logistics and materials costs have also been identified as points requiring attention in achieving the full-year plan.
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.