Revised forecast
Fiscal year ended February 2026 · Full yearPrevious forecast published 16 September 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In the second half, existing-store sales remained above 100% of the prior-year level as a result of a review of the MD strategy and optimization of store operations. However, impairment losses on certain store assets and other assets are expected to exceed initial assumptions, and, following a cautious assessment of the recognition of deferred tax assets, income taxes and other adjustments are also expected to increase. In addition, achievement of the numerical targets under the medium-term management plan for the fiscal year ending February 2027 has become difficult due to a shortfall in store openings resulting from changes in the store-opening environment, store closures exceeding expectations, changes in consumer trends resulting from rising prices, and increases in operating costs resulting from external factors.
Impairment loss expected to be recorded (amount not disclosed)
| Item | Details |
|---|---|
| Net Sales | ¥14,160 million → ¥14,082 million（-0.6%） |
| Operating profit | ¥230 million → ¥190 million（-17.4%） |
| Ordinary income | ¥220 million → ¥177 million（-19.5%） |
| Profit attributable to owners of the parent | ¥130 million → ¥21 million（-83.8%） |
| Net income per share | 10.8 yen and sen → 1.78 yen and sen |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 16 September 2025 |
| Previous-period results | Fiscal year ended February 2025: net sales ¥15,040 million, operating profit ¥214 million, ordinary profit ¥162 million, loss attributable to owners of the parent ¥47 million, loss per share ¥3.96 |
| Reason for the revision | In the second half, existing-store sales remained above 100% of the prior-year level as a result of a review of the MD strategy and optimization of store operations. However, impairment losses on certain store assets and other assets are expected to exceed initial assumptions, and, following a cautious assessment of the recognition of deferred tax assets, income taxes and other adjustments are also expected to increase. In addition, achievement of the numerical targets under the medium-term management plan for the fiscal year ending February 2027 has become difficult due to a shortfall in store openings resulting from changes in the store-opening environment, store closures exceeding expectations, changes in consumer trends resulting from rising prices, and increases in operating costs resulting from external factors. |
| Details and amount of extraordinary loss | Impairment loss expected to be recorded (amount not disclosed) |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 second half, existing-store sales remained above 100% of the prior-year level as a result of a review of the MD strategy and optimization of store operations, putting the earnings base of the core business on a recovery trend. However, impairment losses on store assets and other assets are expected to exceed initial assumptions, and, following a cautious assessment of the recognition of deferred tax assets, income taxes and other adjustments are also expected to increase. The numerical targets for the fiscal year ending February 2027 under the medium-term management plan have become extremely difficult to achieve due to a shortfall in store openings resulting from changes in the store-opening environment, store closures exceeding expectations due to renovations of commercial facilities and contract expirations, changes in consumer trends accompanying rising prices, and increases in operating costs resulting from external factors.