Worth reading
54Recurring
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
110
¥ million (increase in operating profit versus actual results for the fiscal year ended March 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+69.7%
基準 2,280Target3,870million
Operating profit+0.1%
基準 2,026Target2,029million
Net income for the current fiscal year+0.0%
基準 2,026Target2,027million
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit marginActual results for the fiscal year ended March 2026: 8.1% → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet Sales 3,077 / Operating profit 448 / Net income for the current fiscal year 335 → Net Sales 2,280 / Operating profit 184 / Net income for the current fiscal year 98
Key initiatives
01Optimise advertising expenses and improve CPA
02Improve retention (churn)
03Improve customer experience and average revenue per user (ARPU)
04Promote ShaaS
05Expand services
06Share new product categories
07Expand finance-related offerings
08Provide a "Rent" API for third-party e-commerce platforms
09My Bag Closet and Care
Plan assumptionsDomestic luxury market CAGR, 2025–2030: +3.7%, Luxury sharing market CAGR, 2022–2032: +5.7%, Reuse/secondary distribution market CAGR, 2024–2030: +3.5%, Finance market CAGR, 2024–2029: +10.6%
Non-financial targetsIndicator Number of contracts / Target value 22,279 contracts / Timing End of March 2027, Indicator Advertising spend / Target value ▲17% year on year / Timing Fiscal year ending March 2027, Indicator New customer acquisitions / Target value +10% year on year / Timing Fiscal year ending March 2027, Indicator Average monthly churn rate / Target value Improve by 0.5 percentage points year on year / Timing Fiscal year ending March 2027, Indicator Share of new sourcing routes / Target value Approximately 30% in the fourth quarter / Timing Fiscal year ending March 2026
Size of the Target MarketMarket Domestic luxury market / Dimensions ¥2.76 trillion / Growth rate Not disclosed / Source Euromonitor International database, data as of 5 June 2026; 2026 forecast, Market Branded goods reuse market / Dimensions ¥423 billion / Growth rate Not disclosed / Source Reuse Economy Newspaper, "Estimated Market Size of the Reuse Industry 2025 (2024 Edition)", Market Laxus target user market / Dimensions ¥1.0519 trillion / Growth rate Not disclosed / Source Calculated using the population of women aged 20–50 nationwide, a survey by マイボイスコム株式会社, and actual results as of the end of March 2026, Market Domestic luxury market / Dimensions Not disclosed / Growth rate CAGR, 2025–2030: +3.7% / Source Euromonitor International, Market Luxury sharing market / Dimensions Not disclosed / Growth rate CAGR, 2022–2032: +5.7% / Source Institute for Information and Communications Policy, "Sharing Economy-Related Survey: Fiscal 2022 Survey Results"
Risks identified by the company
Widespread outbreaks of infectious diseases
Changes in general consumer awareness and preferences
Response to sustainability issues
Natural disasters, accidents and other events
Geopolitical risks, including heightened tensions in the Middle East
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal year ending March 2027 to fiscal year ending March 2029 (forecast for the fiscal year ending March 2027; target for the fiscal year ending March 2029) |
| Progress against the plan | Annual update |
| Sales Target | Actual results for the fiscal year ended March 2026: 2,280 → Forecast for the fiscal year ending March 2027: 2,546; fiscal year ending March 2029: 3,870（+11.6%） |
| Operating profit target | Actual results for the fiscal year ended March 2026: 184 → Forecast for the fiscal year ending March 2027: 295; fiscal year ending March 2029: 700（+59.5%） |
| Operating profit margin target | Actual results for the fiscal year ended March 2026: 8.1% → Not disclosed |
| Net income target | Actual results for the fiscal year ended March 2026: 98 → Forecast for the fiscal year ending March 2027: 152（+55.1%） |
| Non-financial targets | Indicator Number of contracts / Target value 22,279 contracts / Timing End of March 2027, Indicator Advertising spend / Target value ▲17% year on year / Timing Fiscal year ending March 2027, Indicator New customer acquisitions / Target value +10% year on year / Timing Fiscal year ending March 2027, Indicator Average monthly churn rate / Target value Improve by 0.5 percentage points year on year / Timing Fiscal year ending March 2027, Indicator Share of new sourcing routes / Target value Approximately 30% in the fourth quarter / Timing Fiscal year ending March 2026 |
| Plan assumptions | Domestic luxury market CAGR, 2025–2030: +3.7%, Luxury sharing market CAGR, 2022–2032: +5.7%, Reuse/secondary distribution market CAGR, 2024–2030: +3.5%, Finance market CAGR, 2024–2029: +10.6% |
| Key initiatives | Optimise advertising expenses and improve CPA, Improve retention (churn), Improve customer experience and average revenue per user (ARPU), Promote ShaaS, Expand services, Share new product categories, Expand finance-related offerings, Provide a "Rent" API for third-party e-commerce platforms, My Bag Closet and Care |
| Results under the previous plan | Net Sales 3,077 / Operating profit 448 / Net income for the current fiscal year 335 → Net Sales 2,280 / Operating profit 184 / Net income for the current fiscal year 98 |
| Size of the Target Market | Market Domestic luxury market / Dimensions ¥2.76 trillion / Growth rate Not disclosed / Source Euromonitor International database, data as of 5 June 2026; 2026 forecast, Market Branded goods reuse market / Dimensions ¥423 billion / Growth rate Not disclosed / Source Reuse Economy Newspaper, "Estimated Market Size of the Reuse Industry 2025 (2024 Edition)", Market Laxus target user market / Dimensions ¥1.0519 trillion / Growth rate Not disclosed / Source Calculated using the population of women aged 20–50 nationwide, a survey by マイボイスコム株式会社, and actual results as of the end of March 2026, Market Domestic luxury market / Dimensions Not disclosed / Growth rate CAGR, 2025–2030: +3.7% / Source Euromonitor International, Market Luxury sharing market / Dimensions Not disclosed / Growth rate CAGR, 2022–2032: +5.7% / Source Institute for Information and Communications Policy, "Sharing Economy-Related Survey: Fiscal 2022 Survey Results" |
| Risks identified | Widespread outbreaks of infectious diseases, Changes in general consumer awareness and preferences, Response to sustainability issues, Natural disasters, accidents and other events, Geopolitical risks, including heightened tensions in the Middle East |
| Publication date | 11 June 2026 |
Items this document does not state (11)
ROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalDate of board resolution
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 plans to accelerate growth by shifting its strategy for acquiring contracts from quantity to quality, moving away from dependence on advertising expenses toward a highly profitable business structure focused on CPA, developing the new service "ラクモチ," and rolling out a simultaneous-listing model through inventory-system integration.
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.