Stable earnings base with an operating margin of 5% or more
First written in FY2017. 16 of 29 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The Group formulated a three-year medium-term management plan covering the fiscal years ending May 2026 through May 2028, and set the following numerical targets for the final year, the fiscal year ending May 2028: consolidated net sales of ¥5.8 billion, consolidated operating income of ¥460 million, a consolidated operating margin of 7.9%, ROE of 5.7% and an e-commerce sales ratio of 13.1%.」
Against the previous target of an operating margin of 8% or higher, the new medium-term management plan sets a 7.9% operating margin target for the fiscal year ending May 2028. - FY2025-H1AdvancedAnnual report
「For the current interim consolidated accounting period, net sales were ¥2.949 billion, up 7.0% year on year, and operating income was ¥329.5 million, down 8.4%.」
Based on the disclosed figures, the interim operating margin was approximately 11.2%, exceeding the target operating margin of 8% or higher. - FY2024AdvancedAnnual report
「For the current fiscal year, net sales were ¥5.657 billion, up 3.1% year on year, and operating income was ¥697.0 million, down 9.1%.」
The operating margin for the current year was approximately 12.3%, exceeding the previously stated target level of an operating margin of 8% or higher. However, it did not reach the current-year target of 12.8% for performance-linked compensation. - FY2024-Q3AdvancedAnnual report
「In terms of profitability, in addition to continued growth in the e-commerce business, the company worked to promote full-price sell-through and limit markdowns through timely and appropriate product launches and inventory controls. It also worked to ensure a stable supply of products by maintaining a high proportion of ASEAN production and improving production efficiency at its Myanmar subsidiary. As a result, it secured a gross margin of 60.0%, up 0.9 percentage points year on year.」
Based on the disclosed figures, the operating margin for the nine months ended the third quarter was approximately 9.9%, exceeding the target operating margin of 8% or higher. The company cites e-commerce growth, product launches, inventory management, restraint in discounting and improved production efficiency as measures. - FY2024-Q2AdvancedAnnual report
「Net sales: ¥2.757 billion, up 5.8% year on year; operating income: ¥359.5 million, up 16.6%.」
The operating margin for the six months ended the second quarter was approximately 13.0%, exceeding the target operating margin of 8% or higher. - FY2024-Q1AdvancedAnnual report
「For the three months ended the first quarter of the current fiscal year, net sales were ¥1.302 billion, up 10.3% year on year; operating income was ¥160.7 million, up 66.2%; ordinary income was ¥163.5 million, up 54.3%; and net income attributable to owners of the parent was ¥105.0 million, up 52.8%.」
Based on the disclosed figures, the operating margin for the first quarter was approximately 12.4%, exceeding the target operating margin of 8% or higher. - FY2023AdvancedAnnual report
「The actual consolidated operating margin for performance-linked compensation in the current fiscal year was 14.0%, compared with a target of 10.9%.」
The consolidated operating margin for the current year was 14.0%, exceeding the previous target level of an operating margin of 8% or higher. - FY2023-Q2AdvancedAnnual report
「For the six months ended the second quarter of the current fiscal year, net sales were ¥2.607 billion, up 14.2% year on year, and operating income was ¥308.5 million, up 57.1%.」
The operating margin for the six months ended the second quarter was approximately 11.8%, exceeding the target operating margin of 8% or higher. - FY2023-Q1AdvancedAnnual report
「For the three months ended the first quarter, revenue was ¥11.806 billion, up 12.4% year on year, operating profit was ¥967 million, up 110.7%, ordinary profit was ¥1.060 billion, up 123.6%, and quarterly net profit attributable to owners of the parent was ¥687 million, up 124.8%.」
Based on the disclosed figures, the operating margin for the first quarter was approximately 8.2%, exceeding the target operating margin of 8% or higher on a quarterly basis. The disclosure does not indicate consistent achievement throughout the year. - FY2022AdvancedAnnual report
「For the current fiscal year, net sales were ¥4.770 billion, up 5.1% year on year, and operating income was ¥499.3 million, up 32.5%.」
Based on the disclosed figures, the operating margin for the current year was approximately 10.5%, exceeding the target operating margin of 8% or higher. The disclosure does not state that this level will continue to be achieved consistently. - FY2022-Q3WorsenedAnnual report
「For the nine months ended the third quarter of the current fiscal year, net sales were ¥3.239 billion, up 0.2% year on year, and operating income was ¥170.3 million, up 11.1%.」
The operating margin for the nine months ended the third quarter was approximately 5.3%, below the target operating margin of 8% or higher. - FY2022-Q2AdvancedAnnual report
「Net sales: ¥2.283 billion, down 3.3% year on year; operating income: ¥196.3 million, down 16.7%.」
Based on the disclosed figures, the operating margin for the six months ended the second quarter was approximately 8.6%, exceeding the target operating margin of 8% or higher. - FY2022-Q1WorsenedAnnual report
「For the three months ended the first quarter of the current fiscal year, net sales were ¥1.051 billion, down 4.7% year on year, and operating income was ¥45.9 million, down 35.6%.」
Based on the disclosed figures, the operating margin was approximately 4.4%, below the target operating margin of 8% or higher. No change or withdrawal of the target is stated. - FY2021AdvancedAnnual report
「The Group aims to build a stable earnings base capable of maintaining an operating margin of 8% or higher by differentiating itself from competitors through improved product advantages resulting from more precise proprietary planning and stronger store loyalty, while developing stores that customers consistently support.」
The annual operating margin was approximately 8.3%, based on operating income of ¥376.7 million and net sales of ¥4.537 billion, exceeding the target of 8% or higher. - FY2021-Q3WorsenedAnnual report
「For the nine months ended the third quarter of the current fiscal year, net sales were ¥3.232 billion, down 5.2% year on year, and operating income was ¥153.4 million, down 26.1%.」
Based on the disclosed figures, the operating margin for the nine months ended the third quarter was approximately 4.7%, below the target of 8% or higher. No change or withdrawal of the target is stated. - FY2021-Q2AdvancedAnnual report
「In terms of earnings, strong sales during the regular-price sales periods in June and October, among other factors, resulted in a gross profit margin of 59.0%, up 0.4 percentage points year on year. As a result of efforts to grow the highly profitable e-commerce business and reduce selling, general and administrative expenses, operating profit was maintained at approximately the same level as in the same period of the previous year.」
The operating margin for the six months ended the second quarter was approximately 10.0%, exceeding the target operating margin of 8% or higher. Growth in the e-commerce business and reductions in selling, general and administrative expenses are cited as measures. - FY2021-Q1WorsenedAnnual report
「For the three months ended the first quarter of the current fiscal year, net sales were ¥1.102 billion, down 3.9% year on year, and operating income was ¥71.3 million, down 9.6%.」
Based on the disclosed figures, the operating margin for the quarter was approximately 6.5%, below the target operating margin of 8% or higher. No change or withdrawal of the target is stated. - FY2020RaisedAnnual report
「We aim to build a stable earnings base capable of maintaining an operating margin of 8% or higher by differentiating ourselves from competitors through improved product advantages resulting from more precise proprietary planning and stronger store loyalty, while developing stores that customers consistently support.」
The target was raised from an operating margin of 5% or higher to 8% or higher. - FY2020-Q3AdvancedAnnual report
「For the nine months ended the third quarter of the current fiscal year, net sales were ¥3.410 billion, down 2.8% year on year, and operating income was ¥207.5 million, up 36.6%.」
The operating margin for the nine months ended the third quarter was approximately 6.1%, exceeding the target operating margin of 5% or higher. - FY2020-Q2AdvancedAnnual report
「For the six months ended the second quarter of the current fiscal year, net sales were ¥2.417 billion, down 2.5% year on year, and operating income was ¥241.6 million, up 49.7%.」
The operating margin for the six months ended the second quarter was approximately 10.0%, exceeding the target operating margin of 5% or higher. - FY2020-Q1AdvancedAnnual report
「Net sales: ¥1.146 billion, down 3.4% year on year; operating income: ¥78.8 million, up 311.9%.」
The operating margin for the first quarter was approximately 6.9%, exceeding the target operating margin of 5% or higher on a quarterly basis. - FY2019-Q3WorsenedAnnual report
「Net sales: ¥3.508 billion, down 6.6% year on year; operating income: ¥151.9 million, up 450.1%.」
The operating margin for the nine months ended the third quarter was approximately 4.3%, below the company's target operating margin of 5% or higher. No change or withdrawal of the target is stated. - FY2019-Q2AdvancedAnnual report
「Net sales: ¥2.478 billion, down 7.0% year on year; operating income: ¥161.3 million, up 36.1%.」
Based on the disclosed figures, the operating margin for the six months ended the second quarter was approximately 6.5%, improving from approximately 4.5% in the same period of the previous year and exceeding the target operating margin of 5% or higher. - FY2019-Q1WorsenedAnnual report
「Net sales: ¥1.187 billion, down 9.7% year on year; operating income: ¥19.1 million, down 51.9%.」
Based on the disclosed figures, the operating margin for the first quarter was approximately 1.6%, below the 5% target that the company described as “generally achieved” in the previous year on a quarterly basis. However, the current quarterly report does not state that the target was changed or withdrawn. - FY2018AchievedAnnual report
「The operating margin, a management metric with a target of 5%, has generally been achieved.」
Regarding the target of an operating margin of 5% or higher, the company itself states that it has been “generally achieved.” - FY2017First statedAnnual report
「We aim to build a stable earnings base capable of maintaining an operating margin of 5% or higher by differentiating ourselves from competitors through improved product advantages resulting from more precise proprietary planning and stronger store loyalty, while developing stores that customers consistently support.」
The company has, for the first time, explicitly stated a target of achieving a consolidated operating margin of 5% or higher by placing customer satisfaction and improved profitability at the center of its management objectives and through proprietary planning, product advantages, store loyalty and store development.