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Presentation materials for financial resultsFull fiscal year ended February 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,812 million-0.2%
Operating profit¥883 million+19.5%
Ordinary income¥916 million+21.4%
Net income¥569 million+9.5%
Selling, general and administrative expenses¥8,877 million
Gross Profit Margin
Rate58.1%
Year-on-year change (points)+1.8 percentage points
Operating profit margin
Rate5.3%
Year-on-year change (points)+0.9 percentage points
Full-year earnings forecast
Net Sales
¥17,000 million
Operating profit
¥718 million
Ordinary income
¥720 million
Net income for the current fiscal year
¥457 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of plan, while operating income, ordinary income and net income exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in personnel expenses¥102 million
- Higher rent expenses¥15 million
- Increase in fees paid¥90 million
- Higher advertising and promotional expenses¥6 million
- Decrease in depreciation and amortization¥-93 million
- Higher operating income in the domestic specialty-store business¥110 million
- Higher operating income in the overseas business¥49 million
- Higher operating income in the sports wholesale business¥45 million
- Lower operating income in the domestic e-commerce business¥-16 million
- Operating loss from the new business¥-43 million
New initiatives
- Establishment of a dedicated B2B department
- Wholesale sales of existing and co-developed products to workwear specialty retailers
- Pilot sales to employees through major logistics operators and other companies
- Introduction of products in entry-level price ranges
- Establishment of a next-generation store model for Kutsushitaya
- Full migration of the company’s e-commerce site to Shopify
- Introduction of AI search and AI diagnostic content
- Advisory agreement with a professional baseball player
- New store openings in Asia
Key KPIsA metric the company considers important as a management benchmark.
- Domestic retail sales (cumulative 4Q same-store sales)-1.1 %Year on year against the same period last year-1.1%
- Domestic e-commerce sales (cumulative 4Q)-0.7 %Year on year against the same period last year-0.7%
- China retail sales (cumulative 4Q same-store sales)5.8 %Year on year against the same period last year+5.8%
- China e-commerce sales (cumulative 4Q)16 %Year on year against the same period last year+16.0%
- Tabio Sports domestic sales¥1,903 millionYear on year against the same period last year+7.5%
Segment results
- Sports wholesale businessSales¥853 million (YoY +15.6%)Operating profit¥236 million (YoY +23.8%)
- Overseas BusinessSales¥1,390 million (YoY +6.6%)Operating profit¥142 million (YoY +52.6%)
- Domestic e-commerce businessSales¥2,076 million (YoY -0.2%)Operating profit¥269 million (YoY -5.6%)
- Domestic specialty retail businessSales¥12,492 million (YoY -1.9%)Operating profit¥279 million (YoY +64.5%)
- New BusinessesOperating profit¥-43 million
Number of stores and locations
Number at period-end266 consolidated stores (225 in Japan, 4 in Europe and 37 in East Asia)
Number of store openings and closures during the period15 openings and 17 closures
Annual Dividend
Annual dividend per share¥30
End of period¥30
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Net Sales | ¥16,812 million (YoY -0.2%) |
| Operating profit | ¥883 million (YoY +19.5%) |
| Ordinary income | ¥916 million (YoY +21.4%) |
| Net income | ¥569 million (YoY +9.5%) |
| Gross Profit Margin | Rate 58.1% / Year-on-year change (points) +1.8 percentage points |
| Operating profit margin | Rate 5.3% / Year-on-year change (points) +0.9 percentage points |
| Selling, general and administrative expenses | ¥8,877 million |
| Full-year earnings forecast | Net Sales ¥17,000 million / Operating profit ¥718 million / Ordinary income ¥720 million / Net income for the current fiscal year ¥457 million |
| Self-assessment against the plan | Revenue fell short of plan, while operating income, ordinary income and net income exceeded plan |
| Segment results | Segment Sports wholesale business / Sales ¥853 million (YoY +15.6%) / Operating profit ¥236 million (YoY +23.8%), Segment Overseas Business / Sales ¥1,390 million (YoY +6.6%) / Operating profit ¥142 million (YoY +52.6%), Segment Domestic e-commerce business / Sales ¥2,076 million (YoY -0.2%) / Operating profit ¥269 million (YoY -5.6%), Segment Domestic specialty retail business / Sales ¥12,492 million (YoY -1.9%) / Operating profit ¥279 million (YoY +64.5%), Segment New Businesses / Sales Not disclosed / Operating profit ¥-43 million |
| Breakdown of Factors Affecting the Change | Factors Increase in personnel expenses / Amount ¥102 million, Factors Higher rent expenses / Amount ¥15 million, Factors Increase in fees paid / Amount ¥90 million, Factors Higher advertising and promotional expenses / Amount ¥6 million, Factors Decrease in depreciation and amortization / Amount ¥-93 million, Factors Higher operating income in the domestic specialty-store business / Amount ¥110 million, Factors Higher operating income in the overseas business / Amount ¥49 million, Factors Higher operating income in the sports wholesale business / Amount ¥45 million, Factors Lower operating income in the domestic e-commerce business / Amount ¥-16 million, Factors Operating loss from the new business / Amount ¥-43 million |
| Key KPIs | Indicator name Domestic retail sales (cumulative 4Q same-store sales) / Value -1.1 % / Year on year against the same period last year -1.1 %, Indicator name Domestic e-commerce sales (cumulative 4Q) / Value -0.7 % / Year on year against the same period last year -0.7 %, Indicator name China retail sales (cumulative 4Q same-store sales) / Value 5.8 % / Year on year against the same period last year 5.8 %, Indicator name China e-commerce sales (cumulative 4Q) / Value 16 % / Year on year against the same period last year 16 %, Indicator name Tabio Sports domestic sales / Value ¥1,903 million / Year on year against the same period last year ¥7.5 million |
| Number of stores and locations | Number at period-end 266 consolidated stores (225 in Japan, 4 in Europe and 37 in East Asia) / Number of store openings and closures during the period 15 openings and 17 closures |
| Annual Dividend | Annual dividend per share ¥30 / Interim Not disclosed / End of period ¥30 |
| New initiatives | Establishment of a dedicated B2B department, Wholesale sales of existing and co-developed products to workwear specialty retailers, Pilot sales to employees through major logistics operators and other companies, Introduction of products in entry-level price ranges, Establishment of a next-generation store model for Kutsushitaya, Full migration of the company’s e-commerce site to Shopify, Introduction of AI search and AI diagnostic content, Advisory agreement with a professional baseball player, New store openings in Asia |
Items this document does not state (14)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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 short of plan mainly because bundled products and sales struggled in the domestic specialty-store business. Meanwhile, gross margin improved due to a higher mix of directly operated stores and full-price products, progress in selling slow-moving inventory, price increases in the sports wholesale business, and a higher mix of high-margin products, enabling profit to exceed plan.
How to read this page
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