Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
1.7
%Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales378,624¥ millionYear on year +1.7%Progress 94.5%
Operating profit63,287¥ millionYear on year +1.2%Progress 96.5%
Ordinary income67,156¥ millionYear on year +3.9%Progress 99.6%
Net income attributable to owners of the parent46,346¥ millionYear on year +2.2%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥187.17
Operating Margin16.7%
Financial position at period-end
Total assets455,202¥ million
of which net assets 401,000 ¥ millionEquity ratio 87.5%vs. prior year-end -0.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+41,814
Investment-15,403
Financials-18,382
Net change+8,029
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥207,174 million
Segment profit
Domestic56,44188.9%+6.3%
Overseas expansion7,03111.1%-25.8%
Regional sales
Domestic273,16471.2%+5.4%
South Korea69,50418.1%-4.5%
United States29,0297.6%-7.3%
Taiwan12,0003.1%+1.1%
Segment revenueDomestic Net Sales ¥273,164 million (YoY +5.4%) / Revenue from external customers ¥272,073 million / Overseas expansion Net Sales ¥111,378 million (YoY -4.5%) / Revenue from external customers ¥106,550 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥400,800 million (YoY +5.9%)
Operating profit¥65,600 million (YoY +3.7%)
Ordinary income¥67,400 million (YoY +0.4%)
Profit attributable to owners of the parent¥46,400 million (YoY +0.1%)
Annual Dividend Forecast¥70 → ¥80（+14.3%）
Payout ratio42.7%
Factors Behind Changes in Business Performance
The domestic business drove sales, with growth in sales of hands-free shoes, nationally branded shoes and apparel, inbound tourism and store expansion. The overseas business reported lower sales and lower profit due to factors including political turmoil in South Korea and U.S. tariff policies.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name Not disclosed / Excluded Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥757 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥65 million, Other ¥8 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥265 million, Impairment Losses ¥757 million, Other ¥8 million
Depreciation and amortization¥6,401 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End247,618,938
Treasury Shares at Period-End2,318
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥378,624 million (YoY +1.7%) |
| Operating profit | ¥63,287 million (YoY +1.2%) |
| Ordinary income | ¥67,156 million (YoY +3.9%) |
| Profit attributable to owners of the parent | ¥46,346 million (YoY +2.2%) |
| Net income per share | ¥187.17 |
| Operating Margin | 16.7% |
| Equity ratio | End of the current fiscal period 87.5% / End of previous period 87.7% |
| Total assets | ¥455,202 million |
| Net assets | ¥401,000 million |
| Cash flows from operating activities | ¥41,814 million |
| Cash flows from investing activities | ¥-15,403 million |
| Cash flows from financing activities | ¥-18,382 million |
| Cash and cash equivalents at end of period | ¥207,174 million |
| Full-year earnings forecast | Net Sales ¥400,800 million (YoY +5.9%) / Operating profit ¥65,600 million (YoY +3.7%) / Ordinary income ¥67,400 million (YoY +0.4%) / Profit attributable to owners of the parent ¥46,400 million (YoY +0.1%) |
| Annual Dividend Forecast | ¥70 → ¥80（+14.3%） |
| Payout ratio | 42.7% |
| Segment revenue | Domestic Net Sales ¥273,164 million (YoY +5.4%) / Revenue from external customers ¥272,073 million / Overseas expansion Net Sales ¥111,378 million (YoY -4.5%) / Revenue from external customers ¥106,550 million |
| Segment profit | Domestic ¥56,441 million (YoY +6.3%) / Overseas expansion ¥7,031 million (YoY -25.8%) |
| Regional sales | Domestic ¥273,164 million (YoY +5.4%) / South Korea ¥69,504 million (YoY -4.5%) / United States ¥29,029 million (YoY -7.3%) / Taiwan ¥12,000 million (YoY +1.1%) |
| Depreciation and amortization | ¥6,401 million |
| Impairment loss | ¥757 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥65 million, Other ¥8 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥265 million, Impairment Losses ¥757 million, Other ¥8 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name Not disclosed / Excluded Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 247,618,938 |
| Treasury Shares at Period-End | 2,318 |
| Factors Behind Changes in Business Performance | The domestic business drove sales, with growth in sales of hands-free shoes, nationally branded shoes and apparel, inbound tourism and store expansion. The overseas business reported lower sales and lower profit due to factors including political turmoil in South Korea and U.S. tariff policies. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders 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.In addition to the domestic business driving sales, growth in demand for new sneakers and hands-free shoes, an increase in inbound tourism, and strengthened product strategies, sales promotions and store expansion contributed to the results. The Company also cited the recognition of ¥1,177 million in gains on the sale of securities as a factor behind ordinary 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.