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How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending February 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,263 million+1.9%
Operating profit¥297 million-8.7%
Ordinary income¥308 million-8.4%
Net income¥210 million-7.8%
Gross Profit Margin59 %
Operating profit margin7 %
Selling, general and administrative expenses¥2,217 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
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Each profit level exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in total selling, general and administrative expenses¥91 million
- Increase in personnel expenses¥17 million
- Increase in rent expenses¥7 million
- Increase in commissions paid¥35 million
- Increase in advertising and sales promotion expenses¥9 million
- Higher Depreciation Expense¥8 million
- Increase in other SG&A expenses¥13 million
New initiatives
- Recording sales from the new business following the commencement of BtoB transactions
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative first-quarter same-store growth rate for domestic retail sales0.2 %Year on year against the same period last year+0.2%
- Cumulative first-quarter growth rate for domestic e-commerce sales4.3 %Year on year against the same period last year+4.3%
- Directly operated store sales ratio77.8 %
- Store count at the end of the first quarter268 LocationYear on year against the same period last yearDown from 274 stores
- Planned store count at the end of February 2027264 LocationYear on year against the same period last yearDown 2 stores from the end of the previous fiscal year
Segment results
Domestic specialty retail business
Net Sales
¥3,077 million-1.6%
Operating profit
¥145 million-12.2%
Domestic e-commerce business
Net Sales
¥551 million+5.3%
Operating profit
¥83 million+18.6%
Overseas Operations
Net Sales
¥362 million+18.0%
Operating profit
¥23 million-28.5%
Sports wholesale business
Net Sales
¥266 million+18.6%
Operating profit
¥77 million+20.1%
New businesses
Net Sales
¥5 million
Operating profit
¥-32 million
Number of stores and locations
Number of Stores at Period-End268 Location
Store openings during the period5 Location
Store closures during the period3 Location
Full-year plan
Store Openings3
Store closures7
Number of Stores at Period-End264
Annual Dividend
End of period
¥30
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | ¥4,263 million (YoY +1.9%) |
| Operating profit | ¥297 million (YoY -8.7%) |
| Ordinary income | ¥308 million (YoY -8.4%) |
| Net income | ¥210 million (YoY -7.8%) |
| Gross Profit Margin | 59 % |
| Operating profit margin | 7 % |
| Selling, general and administrative expenses | ¥2,217 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 | Each profit level exceeded plan |
| Segment results | Domestic specialty retail business Net Sales ¥3,077 million (YoY -1.6%) / Operating profit ¥145 million (YoY -12.2%) / Domestic e-commerce business Net Sales ¥551 million (YoY +5.3%) / Operating profit ¥83 million (YoY +18.6%) / Overseas Operations Net Sales ¥362 million (YoY +18.0%) / Operating profit ¥23 million (YoY -28.5%) / Sports wholesale business Net Sales ¥266 million (YoY +18.6%) / Operating profit ¥77 million (YoY +20.1%) / New businesses Net Sales ¥5 million / Operating profit ¥-32 million |
| Breakdown of Factors Affecting the Change | Factors Increase in total selling, general and administrative expenses / Amount ¥91 million, Factors Increase in personnel expenses / Amount ¥17 million, Factors Increase in rent expenses / Amount ¥7 million, Factors Increase in commissions paid / Amount ¥35 million, Factors Increase in advertising and sales promotion expenses / Amount ¥9 million, Factors Higher Depreciation Expense / Amount ¥8 million, Factors Increase in other SG&A expenses / Amount ¥13 million |
| Key KPIs | Indicator name Cumulative first-quarter same-store growth rate for domestic retail sales / Value 0.2 % / Year on year against the same period last year +0.2%, Indicator name Cumulative first-quarter growth rate for domestic e-commerce sales / Value 4.3 % / Year on year against the same period last year +4.3%, Indicator name Directly operated store sales ratio / Value 77.8 % / Year on year against the same period last year Not disclosed, Indicator name Store count at the end of the first quarter / Value 268 Location / Year on year against the same period last year Down from 274 stores, Indicator name Planned store count at the end of February 2027 / Value 264 Location / Year on year against the same period last year Down 2 stores from the end of the previous fiscal year |
| Number of stores and locations | Number of Stores at Period-End 268 Location / Store openings during the period 5 Location / Store closures during the period 3 Location / Full-year plan Store Openings 3 / Store closures 7 / Number of Stores at Period-End 264 |
| Annual Dividend | Annual Not disclosed / Interim Not disclosed / End of period ¥30 |
| New initiatives | Recording sales from the new business following the commencement of BtoB transactions |
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.In the domestic specialty retail business, the decline in store numbers and the one-time impact of changes to the shareholder benefit program contributed to lower profit. Overseas operations also reported lower profit, mainly due to the removal of the tariff exemption for low-value shipments to the United States. Meanwhile, the domestic e-commerce business and sports wholesale business reported higher profit on strong sales. Overall, selling, general and administrative expenses increased due to a rise in agency-operated stores, greater use of recruitment agencies, patent and trademark registration costs, and base-pay increases.
How to read this page
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