Komori
Financial results presentation2668Tabio CorporationTrading & Wholesale

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending February 2027

Although revenue increased in the cumulative second quarter of the fiscal year ending February 2027, each profit measure from operating profit downward declined due to higher selling, general and administrative expenses. However, each profit measure exceeded the company’s plan, and the full-year earnings forecast was left unchanged from the start of the fiscal year.

Worth reading
52Recurring
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
-13.9
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending February 2027, second quarter6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,084 million+1.8%
Operating profit¥304 million-13.9%
Ordinary income¥317 million-14.4%
Net income¥231 million-13.4%
Gross Profit Margin58.6%
Operating profit margin3.8%
Selling, general and administrative expenses¥4,431 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
EPS
¥67.41
Year-end dividend
¥30
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Each profit measure exceeded the plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Domestic specialty-store business operating profit¥106 million → ¥85 million (¥21 million lower year on year)
  • Domestic EC business operating profit¥108 million → ¥131 million (¥23 million higher year on year)
  • Overseas business operating profit¥41 million → ¥16 million (¥25 million lower year on year)
  • Sports wholesale business operating profit¥115 million → ¥139 million (¥24 million higher year on year)
  • New business operating profit-¥18 million → -¥68 million (¥50 million lower year on year)
  • Total selling, general and administrative expenses¥4,274 million → ¥4,431 million (¥157 million higher year on year)
New initiatives
  • Launched “TABIO WORK” for professional use in July 2026 and began sales at workwear specialty stores
  • Launched collaboration socks with SHOEI in September 2026
  • Plans to renew its proprietary EC website and migrate to Shopify in autumn 2026
  • Expanded stores operated in collaboration with ナイガイ, bringing the total to 3
  • Developed “TABIO’S COTTON” using fallow farmland in Koryo, Nara Prefecture
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic brick-and-mortar sales, cumulative 2Q same-store growth rate0.1 %
    Year on year against the same period last year+0.1%
  • EC sales, cumulative 2Q growth rate8.6 %
    Year on year against the same period last year+8.6%
  • Tabio Sports domestic sales¥1,095 million
    Year on year against the same period last year+17.6%
  • China production ratio (share of store and EC sales volume)18.1 %
    Year on year against the same period last year+5.8pt
  • Domestic EC marketplace sales growth rate21 %
    Year on year against the same period last year+21.0%
Segment results
  • Domestic specialty retail business
    Net Sales¥5,870 million (YoY -1.8%)
    Operating profit¥85 million (YoY -19.5%)
  • Domestic e-commerce business
    Net Sales¥1,072 million (YoY +8.9%)
    Operating profit¥131 million (YoY +21.5%)
  • Overseas Business
    Net Sales¥626 million (YoY +12.6%)
    Operating profit¥16 million (YoY -60.5%)
  • Sports wholesale business
    Net Sales¥498 million (YoY +19.3%)
    Operating profit¥139 million (YoY +20.2%)
  • New Businesses
    Net Sales¥15 million
    Operating profit¥-68 million
Number of stores and locations
Number of Stores at Period-End261 Location
Store openings during the period5 Location
Store closures during the period10 Location
Full-year plan
Number of Stores at Period-End258
Second-half store openings4
Second-half store closures7
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥8,084 million (YoY +1.8%)
Operating profit¥304 million (YoY -13.9%)
Ordinary income¥317 million (YoY -14.4%)
Net income¥231 million (YoY -13.4%)
Gross Profit Margin58.6%
Operating profit margin3.8%
Selling, general and administrative expenses¥4,431 million
Full-year earnings forecastNet Sales ¥17,000 million / Operating profit ¥718 million / Ordinary income ¥720 million / Net income for the current fiscal year ¥457 million / EPS ¥67.41 / Year-end dividend ¥30
Self-assessment against the planEach profit measure exceeded the plan.
Segment resultsSegment Domestic specialty retail business / Net Sales ¥5,870 million (YoY -1.8%) / Operating profit ¥85 million (YoY -19.5%), Segment Domestic e-commerce business / Net Sales ¥1,072 million (YoY +8.9%) / Operating profit ¥131 million (YoY +21.5%), Segment Overseas Business / Net Sales ¥626 million (YoY +12.6%) / Operating profit ¥16 million (YoY -60.5%), Segment Sports wholesale business / Net Sales ¥498 million (YoY +19.3%) / Operating profit ¥139 million (YoY +20.2%), Segment New Businesses / Net Sales ¥15 million / Operating profit ¥-68 million
Breakdown of Factors Affecting the ChangeItem Domestic specialty-store business operating profit / Amount ¥106 million → ¥85 million (¥21 million lower year on year), Item Domestic EC business operating profit / Amount ¥108 million → ¥131 million (¥23 million higher year on year), Item Overseas business operating profit / Amount ¥41 million → ¥16 million (¥25 million lower year on year), Item Sports wholesale business operating profit / Amount ¥115 million → ¥139 million (¥24 million higher year on year), Item New business operating profit / Amount -¥18 million → -¥68 million (¥50 million lower year on year), Item Total selling, general and administrative expenses / Amount ¥4,274 million → ¥4,431 million (¥157 million higher year on year)
Key KPIsIndicator name Domestic brick-and-mortar sales, cumulative 2Q same-store growth rate / Value 0.1 % / Year on year against the same period last year +0.1%, Indicator name EC sales, cumulative 2Q growth rate / Value 8.6 % / Year on year against the same period last year +8.6%, Indicator name Tabio Sports domestic sales / Value ¥1,095 million / Year on year against the same period last year ¥17.6 million, Indicator name China production ratio (share of store and EC sales volume) / Value 18.1 % / Year on year against the same period last year +5.8pt, Indicator name Domestic EC marketplace sales growth rate / Value 21 % / Year on year against the same period last year +21.0%
Number of stores and locationsNumber of Stores at Period-End 261 Location / Store openings during the period 5 Location / Store closures during the period 10 Location / Full-year plan Number of Stores at Period-End 258 / Second-half store openings 4 / Second-half store closures 7
New initiativesLaunched “TABIO WORK” for professional use in July 2026 and began sales at workwear specialty stores, Launched collaboration socks with SHOEI in September 2026, Plans to renew its proprietary EC website and migrate to Shopify in autumn 2026, Expanded stores operated in collaboration with ナイガイ, bringing the total to 3, Developed “TABIO’S COTTON” using fallow farmland in Koryo, Nara Prefecture
Items this document does not state (15)
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 targetsAnnual DividendPayout 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.

Selling, general and administrative expenses increased due to the rise in stores operated by sales agents, patent and trademark acquisition costs, personnel expenses, and accelerated amortization of existing systems associated with the EC renewal. The decline in the number of stores in the domestic specialty-store business and the removal of tariff exemptions in the overseas business also weighed on operating profit, while the domestic EC business and sports wholesale business recorded higher profits.

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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending February 2027 | Tabio Corporation (2668) timely disclosure | Komori