Worth reading
83Important
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
221707
¥ million (consolidated revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥221,707 million+39.4%
Operating profit¥9,288 million+50.4%
Ordinary income¥8,514 million+40.8%
Net income¥5,488 million+14.9%
Gross Profit Margin21.3 %
Operating profit margin4.2 %
Selling, general and administrative expenses¥37,862 million
Results for the three months of the current quarter
Purchases from individuals
¥30,112 million+37.6%
Net Sales
Year on year against the same period last year+36.1%
Gross Profit Margin
21.3 %
yoy_change_pt1.1
Operating profit
Year on year against the same period last year+226.6%
Operating profit margin
5.5 %
yoy_change_pt3.2
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales110 %
Operating profit124.3 %
Ordinary income126.5 %
Net income137.9 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both retail and corporate sales exceeded plan. Gross profit margin was below planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue increase
- Decline in gross profit margin
- Increase in personnel expenses, including salaries and allowances¥-1,435 million
- Increase in general and administrative expenses, including land rent and building rent¥-3,933 million
- Increase in selling expenses, including advertising expenses¥-3,045 million
- Total increase in SG&A expenses¥-8,790 million
New initiatives
- First openings of purchase-only stores and retail stores in Malaysia
- Making iShopShops, Inc. a wholly owned subsidiary
- Renewal of the cross-border EC platform
- Expanding the brands covered by Rakuma's Strong Authentication service from more than 400 to more than 850
- Store expansion by JFR & KOMEHYO PARTNERS
Key KPIsA metric the company considers important as a management benchmark.
- Purchases from individuals (consolidated)¥104,079 millionYear on year against the same period last year+32.0%
- Auction GMV¥106,918 millionYear on year against the same period last year+53.7%
- Consolidated GMV¥165,316 millionYear on year against the same period last year+46.3%
- EC-attributed revenue¥19,776 millionYear on year against the same period last year+32.7%
- EC contribution rate36.2 %
- Cumulative number of auction member companies6,538 companies
- Number of auctions held383 times
Segment results
- Brand and Fashion businessNet Sales215,146Revenue unit¥ millionRevenue YoY (%)40.5Operating profit8,731Operating profit unit¥ millionOperating Profit YoY (%)52.7
- Tire and wheel businessNet Sales6,523Revenue unit¥ millionRevenue YoY (%)11.1Operating profit323Operating profit unit¥ millionOperating Profit YoY (%)7.6
- Real Estate Leasing BusinessNet Sales365Revenue unit¥ millionRevenue YoY (%)1.8Operating profit122Operating profit unit¥ millionOperating Profit YoY (%)12.9
Medium-term management plan targets
Fiscal year ending March 2028
Net Sales¥280,000 million
Operating profit¥13,000 million
Fiscal year ending March 2029
Net Sales¥310,000 million
Operating profit¥14,500 million
Overseas revenue ratio¥30 million
Financial targets
ROE
Actual results for the fiscal year ending March 202615.7
Target for the fiscal year ending March 202715% or higher
Equity ratio
Actual results for the fiscal year ending March 202634.2
Guideline for the fiscal year ending March 202735%
Market Size / Share
Domestic reuse market size
2024¥32,628 100 million
Forecast for 2040¥50,000 100 million
Brand products, clothing and fashion accessories category
2024¥10,622 100 million
Brand-product category share1st place
Number of stores and locations
Number of Stores at Period-End334 Location
Domestic stores294 Location
Overseas stores40 Location
Stores opened during the period23 purchase-only stores and 8 stores combining purchasing and sales or sales-only stores opened in Japan. 13 stores opened overseas
Number of employees
Number of appraisers1,072 people
Employee retention rate91.4 people
Retention rate unit%
Payout ratio
Fiscal year ending March 202621.2
Fiscal year ending March 2027Approximately 20%
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥221,707 million (YoY +39.4%) |
| Operating profit | ¥9,288 million (YoY +50.4%) |
| Ordinary income | ¥8,514 million (YoY +40.8%) |
| Net income | ¥5,488 million (YoY +14.9%) |
| Gross Profit Margin | 21.3 % |
| Operating profit margin | 4.2 % |
| Selling, general and administrative expenses | ¥37,862 million |
| Results for the three months of the current quarter | Purchases from individuals ¥30,112 million (YoY +37.6%) / Net Sales yoy_pct 36.1 / Gross Profit Margin 21.3 % / Operating profit yoy_pct 226.6 / Operating profit margin 5.5 % |
| Progress against full-year forecast | Net Sales 110 % / Operating profit 124.3 % / Ordinary income 126.5 % / Net income 137.9 % |
| Self-assessment against the plan | Both retail and corporate sales exceeded plan. Gross profit margin was below plan |
| Segment results | Segment Brand and Fashion business / Net Sales 215,146 / Revenue unit ¥ million / Revenue YoY (%) 40.5 / Operating profit 8,731 / Operating profit unit ¥ million / Operating Profit YoY (%) 52.7, Segment Tire and wheel business / Net Sales 6,523 / Revenue unit ¥ million / Revenue YoY (%) 11.1 / Operating profit 323 / Operating profit unit ¥ million / Operating Profit YoY (%) 7.6, Segment Real Estate Leasing Business / Net Sales 365 / Revenue unit ¥ million / Revenue YoY (%) 1.8 / Operating profit 122 / Operating profit unit ¥ million / Operating Profit YoY (%) 12.9 |
| Breakdown of Factors Affecting the Change | Factors Revenue increase / Amount Not disclosed, Factors Decline in gross profit margin / Amount Not disclosed, Factors Increase in personnel expenses, including salaries and allowances / Amount ¥-1,435 million, Factors Increase in general and administrative expenses, including land rent and building rent / Amount ¥-3,933 million, Factors Increase in selling expenses, including advertising expenses / Amount ¥-3,045 million, Factors Total increase in SG&A expenses / Amount ¥-8,790 million |
| Key KPIs | Indicator name Purchases from individuals (consolidated) / Value ¥104,079 million / Year on year against the same period last year ¥32 million, Indicator name Auction GMV / Value ¥106,918 million / Year on year against the same period last year ¥53.7 million, Indicator name Consolidated GMV / Value ¥165,316 million / Year on year against the same period last year ¥46.3 million, Indicator name EC-attributed revenue / Value ¥19,776 million / Year on year against the same period last year ¥32.7 million, Indicator name EC contribution rate / Value 36.2 % / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of auction member companies / Value 6,538 companies / Year on year against the same period last year Not disclosed, Indicator name Number of auctions held / Value 383 times / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number of Stores at Period-End 334 Location / Domestic stores 294 Location / Overseas stores 40 Location / Stores opened during the period 23 purchase-only stores and 8 stores combining purchasing and sales or sales-only stores opened in Japan. 13 stores opened overseas / Stores closed during the period Not disclosed |
| Number of employees | Number of appraisers 1,072 people / Employee retention rate 91.4 people / Retention rate unit % |
| Medium-term management plan targets | Fiscal year ending March 2028 Net Sales ¥280,000 million / Operating profit ¥13,000 million / Fiscal year ending March 2029 Net Sales ¥310,000 million / Operating profit ¥14,500 million / Overseas revenue ratio ¥30 million |
| Financial targets | ROE Actual results for the fiscal year ending March 2026 15.7 / Target for the fiscal year ending March 2027 15% or higher / Equity ratio Actual results for the fiscal year ending March 2026 34.2 / Guideline for the fiscal year ending March 2027 35% |
| Payout ratio | Fiscal year ending March 2026 21.2 / Fiscal year ending March 2027 Approximately 20% |
| Market Size / Share | Domestic reuse market size 2024 ¥32,628 100 million / Forecast for 2040 ¥50,000 100 million / Brand products, clothing and fashion accessories category 2024 ¥10,622 100 million / Brand-product category share 1st place |
| New initiatives | First openings of purchase-only stores and retail stores in Malaysia, Making iShopShops, Inc. a wholly owned subsidiary, Renewal of the cross-border EC platform, Expanding the brands covered by Rakuma's Strong Authentication service from more than 400 to more than 850, Store expansion by JFR & KOMEHYO PARTNERS |
Items this document does not state (9)
Full-year earnings forecastUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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 main factors behind the increases in revenue and profit were strong purchases from individuals, supported by continued store openings and growth at existing stores, and growth in retail and corporate sales in line with demand. Priority supply to retail operations, strong domestic and overseas demand, higher gold prices and a recovery in tax-free shopping demand also contributed. SG&A expenses increased due to upfront investments in store openings, recruitment and training.
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.