Komori
Earnings274AGarden Co.,Ltd.Retail

First-Quarter Financial Results for the Fiscal Year Ending February 2027 (Japanese GAAP, Non-Consolidated)

In the first quarter, net sales increased 6.4% year on year, while operating profit fell 65.1%, ordinary profit fell 71.6%, and net income fell 60.7%. The full-year earnings forecast remains unchanged, while the annual dividend is expected to decrease to ¥90 from the previous fiscal year's actual dividend of ¥100.

Worth reading
54Recurring
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
-65.1
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 March 2026–31 May 2026Non-consolidated (standalone)Japanese GAAP
Net Sales4,786¥ millionYear on year +6.4%Progress 23.5%
Operating profit184¥ millionYear on year -65.1%Progress 13.0%
Ordinary income141¥ millionYear on year -71.6%Progress 11.0%
Net income attributable to owners of the parent131¥ millionYear on year -60.7%Progress 15.6%

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¥18.42
Financial position at period-end
Total assets20,295¥ million
of which net assets 7,431 ¥ millionEquity ratio 36.6%vs. prior year-end -7.9pt

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¥20,350 million (YoY +13.7%)
Operating profit¥1,410 million (YoY +8.3%)
Ordinary income¥1,280 million (YoY +5.7%)
Net income¥840 million (YoY +34.2%)
Annual Dividend Forecast¥100 → ¥90(-10.0%)
Factors Behind Changes in Business Performance

Persistently high raw material and energy prices, a prevailing trend toward yen depreciation, and consumers' increased propensity to save and selectively purchase amid rising prices. The company pursued improvements in QSCA and store operations, seasonal products and character collaborations, various campaigns, the rollout of hybrid store formats combining its existing concept with abura soba, and new store openings.

Disclosure regarding the going concern assumption

No applicable matters

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
Breakdown of extraordinary income (loss)Extraordinary income Gain on business transfer ¥70,000 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,222 thousand
Depreciation and amortization¥95,878 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者:Not disclosed)
Issued Shares at Period-End7,150,100 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 March 2026–31 May 2026
Net Sales¥4,786 million (YoY +6.4%)
Operating profit¥184 million (YoY -65.1%)
Ordinary income¥141 million (YoY -71.6%)
Profit attributable to owners of the parent¥131 million (YoY -60.7%)
Net income per share¥18.42
Equity ratioEnd of the current fiscal period 36.6% / End of previous period 44.5%
Total assets¥20,295 million
Net assets¥7,431 million
Full-year earnings forecastNet Sales ¥20,350 million (YoY +13.7%) / Operating profit ¥1,410 million (YoY +8.3%) / Ordinary income ¥1,280 million (YoY +5.7%) / Net income ¥840 million (YoY +34.2%)
Annual Dividend Forecast¥100 → ¥90(-10.0%)
Depreciation and amortization¥95,878 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on business transfer ¥70,000 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,222 thousand
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者:Not disclosed)
Issued Shares at Period-End7,150,100 Shares
Factors Behind Changes in Business PerformancePersistently high raw material and energy prices, a prevailing trend toward yen depreciation, and consumers' increased propensity to save and selectively purchase amid rising prices. The company pursued improvements in QSCA and store operations, seasonal products and character collaborations, various campaigns, the rollout of hybrid store formats combining its existing concept with abura soba, and new store openings.
Items this document does not state (16)
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 backlogImpairment lossChanges in the scope of consolidationMaterial subsequent eventsTreasury Shares at Period-End

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.

The company cited a challenging business environment, including persistently high raw material and energy prices, a prevailing trend toward yen depreciation, and consumers' increased propensity to save and selectively purchase amid rising prices. At the same time, it stated that it pursued initiatives including improving QSCA, enhancing store operations, launching seasonal and collaborative products, running campaigns, and converting store formats.

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.
First-Quarter Financial Results for the Fiscal Year Ending February 2027 (Japanese GAAP, Non-Consolidated) | Garden Co.,Ltd. (274A) timely disclosure | Komori