Worth reading
35Immaterial
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
7074
¥ million (nine-month operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationCumulative third quarter, fiscal year ending December 20263 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales65,343 Millions of yen+70.5%
Operating profit7,074 Millions of yen+13.7%
Ordinary income6,775 Millions of yen+8.7%
Net income4,190 Millions of yen-1.3%
Selling, general and administrative expenses39,051 Millions of yen
Gross Profit Margin
Rate70.6%
Year-on-year changeDown 6.1 percentage points
Operating profit margin
Rate10.8%
Year-on-year changeDown 5.4 percentage points
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Consolidated operating profit exceeded plan. Zoff was in line with plan, while VH exceeded plan for both sales and profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Consolidation of VHDetailsMajor driver of the year-on-year increase in revenue
- Sales of high-value-added products and growth in CL subscription deliveriesDetailsVH sales exceeded plan
- Accrual for the special bonusApproximately ¥1.4 billionDetailsRecorded by Q3 FY2026
- Depreciation and amortisation related to PPA¥380 millionDetailsDriver of depreciation and amortisation exceeding plan
- Timing shift for TV commercial expensesDetailsDriver of advertising expenses being below plan
- Unseasonable weatherDetailsDriver of the shortfall in Zoff sunglasses sales
Segment results
Zoff
Net Sales
42,710 Millions of yen+11.4%
Gross profit
32,730 Millions of yen+11.3%
Selling, general and administrative expenses
26,827 Millions of yen+15.7%
Operating profit
5,903 Millions of yen-5.1%
VH
Net Sales
22,643 Millions of yen
Gross profit
13,398 Millions of yen
Selling, general and administrative expenses
11,395 Millions of yen
Operating profit
2,002 Millions of yen
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Cumulative third quarter, fiscal year ending December 2026 |
| Net Sales | 65,343 Millions of yen (YoY +70.5%) |
| Operating profit | 7,074 Millions of yen (YoY +13.7%) |
| Ordinary income | 6,775 Millions of yen (YoY +8.7%) |
| Net income | 4,190 Millions of yen (YoY -1.3%) |
| Gross Profit Margin | Rate 70.6% / Year-on-year change Down 6.1 percentage points |
| Operating profit margin | Rate 10.8% / Year-on-year change Down 5.4 percentage points |
| Selling, general and administrative expenses | 39,051 Millions of yen |
| Self-assessment against the plan | Consolidated operating profit exceeded plan. Zoff was in line with plan, while VH exceeded plan for both sales and profit. |
| Segment results | Zoff Net Sales 42,710 Millions of yen (YoY +11.4%) / Gross profit 32,730 Millions of yen (YoY +11.3%) / Selling, general and administrative expenses 26,827 Millions of yen (YoY +15.7%) / Operating profit 5,903 Millions of yen (YoY -5.1%) / VH Net Sales 22,643 Millions of yen / Gross profit 13,398 Millions of yen / Selling, general and administrative expenses 11,395 Millions of yen / Operating profit 2,002 Millions of yen |
| Breakdown of Factors Affecting the Change | Factors Consolidation of VH / Details Major driver of the year-on-year increase in revenue, Factors Sales of high-value-added products and growth in CL subscription deliveries / Details VH sales exceeded plan, Factors Accrual for the special bonus / Amount Approximately ¥1.4 billion / Details Recorded by Q3 FY2026, Factors Depreciation and amortisation related to PPA / Amount ¥380 million / Details Driver of depreciation and amortisation exceeding plan, Factors Timing shift for TV commercial expenses / Details Driver of advertising expenses being below plan, Factors Unseasonable weather / Details Driver of the shortfall in Zoff sunglasses sales |
Items this document does not state (19)
Results for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber 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 backlogMarket Size / ShareKey points of the Q&ANew initiatives
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 primary driver of revenue growth was the significant increase in sales from the consolidation of VH. Operating profit increased mainly due to higher sales, with sales of high-value-added products, growth in CL subscription deliveries and more efficient selling, general and administrative expenses at VH contributing to the increase. At Zoff, lower-than-expected sunglasses sales due to adverse weather and the accrual of a special bonus during the period reduced profit.
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.