Worth reading
57In focus
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
50.4
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales221,707Millions of yenYear on year +39.4%Progress 88.0%
Operating profit9,288Millions of yenYear on year +50.4%Progress 86.0%
Ordinary income8,514Millions of yenYear on year +40.8%Progress 88.0%
Net income attributable to owners of the parent5,488Millions of yenYear on year +14.9%
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¥499.97
Operating MarginCurrent fiscal year 4.2 % / Previous period 3.9 %
Financial position at period-end
Total assets109,181Millions of yen
of which net assets 37,827 Millions of yenEquity ratio 34.2%vs. prior year-end -2.8pt
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-1,045
Investment-4,548
Financials+9,870
Net change+4,277
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period22,582 Millions of yen
Segment revenueBrand and Fashion business 215,146 Millions of yen (YoY +40.5%), Tire and wheel business 6,523 Millions of yen (YoY +11.1%), Real Estate Leasing Business 365 Millions of yen (YoY +1.8%)
Segment profitBrand and Fashion business 8,731 Millions of yen (YoY +52.7%), Tire and wheel business 323 Millions of yen (YoY +7.6%), Real Estate Leasing Business 122 Millions of yen (YoY +12.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales252,000 Millions of yen (YoY +13.7%)
Operating profit10,800 Millions of yen (YoY +16.3%)
Ordinary income9,680 Millions of yen (YoY +13.7%)
Profit attributable to owners of the parent5,850 Millions of yen (YoY +6.6%)
Annual Dividend Forecast106 yen and sen → 108 yen and sen
Payout ratioCurrent fiscal year 21.2 % / Forecast 20.3 %
Shareholder Return PolicyThe company pays dividends with a payout ratio of approximately 20% as a guideline and aims to increase dividends steadily through sustained profit growth.
Factors Behind Changes in Business Performance
Customer acquisition through expansion of the Brand and Fashion business's store network, growth at existing stores, strong corporate sales through the company's own auction business, stronger overseas sales and increased procurement of used products in the Tires and Wheels business, and profit accumulation resulting from higher revenue.
Disclosure regarding the going concern assumption
Not applicable.
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 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥310,304 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥438 thousand, Compensation for expropriation ¥263,273 thousand / Extraordinary loss Loss on sale of fixed assets ¥19 thousand, Loss on Disposal of Fixed Assets ¥39,823 thousand, Loss on cancellation of lease agreements ¥7,415 thousand, Impairment Losses ¥310,304 thousand
Depreciation and amortization¥3,308,698 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Live webcast for analysts and institutional investors, with a video posted on the company's website
Issued Shares at Period-End11,257,000 Shares
Treasury Shares at Period-End267,773 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 221,707 Millions of yen (YoY +39.4%) |
| Operating profit | 9,288 Millions of yen (YoY +50.4%) |
| Ordinary income | 8,514 Millions of yen (YoY +40.8%) |
| Profit attributable to owners of the parent | 5,488 Millions of yen (YoY +14.9%) |
| Net income per share | ¥499.97 |
| Operating Margin | Current fiscal year 4.2 % / Previous period 3.9 % |
| Equity ratio | End of the current fiscal period 34.2 / End of previous period 37 |
| Total assets | 109,181 Millions of yen |
| Net assets | 37,827 Millions of yen |
| Cash flows from operating activities | -1,045 Millions of yen |
| Cash flows from investing activities | -4,548 Millions of yen |
| Cash flows from financing activities | 9,870 Millions of yen |
| Cash and cash equivalents at end of period | 22,582 Millions of yen |
| Full-year earnings forecast | Net Sales 252,000 Millions of yen (YoY +13.7%) / Operating profit 10,800 Millions of yen (YoY +16.3%) / Ordinary income 9,680 Millions of yen (YoY +13.7%) / Profit attributable to owners of the parent 5,850 Millions of yen (YoY +6.6%) |
| Annual Dividend Forecast | 106 yen and sen → 108 yen and sen |
| Payout ratio | Current fiscal year 21.2 % / Forecast 20.3 % |
| Shareholder Return Policy | The company pays dividends with a payout ratio of approximately 20% as a guideline and aims to increase dividends steadily through sustained profit growth. |
| Segment revenue | Brand and Fashion business 215,146 Millions of yen (YoY +40.5%), Tire and wheel business 6,523 Millions of yen (YoY +11.1%), Real Estate Leasing Business 365 Millions of yen (YoY +1.8%) |
| Segment profit | Brand and Fashion business 8,731 Millions of yen (YoY +52.7%), Tire and wheel business 323 Millions of yen (YoY +7.6%), Real Estate Leasing Business 122 Millions of yen (YoY +12.9%) |
| Depreciation and amortization | ¥3,308,698 thousand |
| Impairment loss | ¥310,304 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥438 thousand, Compensation for expropriation ¥263,273 thousand / Extraordinary loss Loss on sale of fixed assets ¥19 thousand, Loss on Disposal of Fixed Assets ¥39,823 thousand, Loss on cancellation of lease agreements ¥7,415 thousand, Impairment Losses ¥310,304 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Live webcast for analysts and institutional investors, with a video posted on the company's website |
| Issued Shares at Period-End | 11,257,000 Shares |
| Treasury Shares at Period-End | 267,773 Shares |
| Factors Behind Changes in Business Performance | Customer acquisition through expansion of the Brand and Fashion business's store network, growth at existing stores, strong corporate sales through the company's own auction business, stronger overseas sales and increased procurement of used products in the Tires and Wheels business, and profit accumulation resulting from higher revenue. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders 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 the Brand and Fashion business, customer acquisition through expansion of the store network, growth at existing stores and strong corporate sales through the company's own auction business contributed to performance. In the Tires and Wheels business, stronger overseas sales and increased procurement of used products contributed. Overall, higher revenue led to an accumulation of 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.