Komori
Earnings26812nd RETAILING Co.,Ltd.Retail

Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP, Consolidated)

In the first quarter of the fiscal year ending March 2027, net sales, operating income, ordinary income and net income all exceeded the year-earlier period, driven by growth in the reuse business and a recovery in the luxury business. The full-year earnings forecasts and annual dividend forecast remain unchanged.

Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
19.7
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales125,000¥ millionYear on year +19.7%Progress 24.5%
Operating profit5,301¥ millionYear on year +32.8%Progress 40.8%
Ordinary income5,527¥ millionYear on year +30.1%Progress 44.2%
Net income attributable to owners of the parent3,190¥ millionYear on year +30.8%Progress 53.2%

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¥80.19
Financial position at period-end
Total assets302,653¥ million
of which net assets 100,833 ¥ millionEquity ratio 33.3%vs. prior year-end +0.1pt

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.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥510,000 million (YoY +6.0%)
Operating profit¥13,000 million (YoY -8.7%)
Ordinary income¥12,500 million (YoY -18.6%)
Net income¥6,000 million (YoY -31.3%)
Annual Dividend Forecast¥34 → ¥34(0.0%)
Factors Behind Changes in Business Performance

At 2nd STREET, the solid performance of reuse apparel and fashion accessories and new store openings in Japan and overseas contributed to higher net sales. In the GEO business, sales of used Nintendo Switch 2 consoles and the successful review of sales prices for reused communications devices contributed to results. In the luxury business, results benefited from capturing inbound demand and a recovery in overseas wholesale operations. Sales of new products declined following the initial demand surge for the Nintendo Switch 2, although the decline was mitigated by rush demand ahead of product price increases.

Disclosure regarding the going concern assumption

Not applicable (no matters to report in the notes on the going concern assumption)

Change in accounting policy
基準改正に伴う変更 No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 0 / Excluded 0 / Name of new company Not disclosed / Name of excluded company Not disclosed
Impairment loss¥16 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥16 million
Depreciation and amortization¥2,086 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End39,783,552 Shares
Treasury Shares at Period-End81 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥125,000 million (YoY +19.7%)
Operating profit¥5,301 million (YoY +32.8%)
Ordinary income¥5,527 million (YoY +30.1%)
Profit attributable to owners of the parent¥3,190 million (YoY +30.8%)
Net income per share¥80.19
Equity ratioEnd of the current fiscal period 33.3 / End of previous period 33.2
Total assets¥302,653 million
Net assets¥100,833 million
Full-year earnings forecastNet Sales ¥510,000 million (YoY +6.0%) / Operating profit ¥13,000 million (YoY -8.7%) / Ordinary income ¥12,500 million (YoY -18.6%) / Net income ¥6,000 million (YoY -31.3%)
Annual Dividend Forecast¥34 → ¥34(0.0%)
Depreciation and amortization¥2,086 million
Impairment loss¥16 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥16 million
Disclosure regarding the going concern assumptionNot applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 / Excluded 0 / Name of new company Not disclosed / Name of excluded company Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End39,783,552 Shares
Treasury Shares at Period-End81 Shares
Factors Behind Changes in Business PerformanceAt 2nd STREET, the solid performance of reuse apparel and fashion accessories and new store openings in Japan and overseas contributed to higher net sales. In the GEO business, sales of used Nintendo Switch 2 consoles and the successful review of sales prices for reused communications devices contributed to results. In the luxury business, results benefited from capturing inbound demand and a recovery in overseas wholesale operations. Sales of new products declined following the initial demand surge for the Nintendo Switch 2, although the decline was mitigated by rush demand ahead of product price increases.
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogMaterial subsequent events

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.

At 2nd STREET, reuse apparel and fashion accessories remained solid, while new store openings in Japan and overseas contributed to higher net sales. In the GEO business, sales of used Nintendo Switch 2 consoles and the successful review of sales prices for reused communications devices contributed to results. In the luxury business, results benefited from capturing inbound demand and a recovery in overseas wholesale operations.

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.
Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP, Consolidated) | 2nd RETAILING Co.,Ltd. (2681) timely disclosure | Komori