First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027 | Laxus Technologies Inc. (288A) timely disclosure

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

Millions of yen (year-on-year increase in operating profit)

Wording

Conditional

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Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 20275 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥519 million+91.9%

Operating profit¥63 million+136.7%

Net income¥36 million+91.5%

Gross Profit Margin72.2%

Operating profit margin12.2%

Selling, general and administrative expenses¥309 million

Results for the three months of the current quarter

Net Sales¥519 million

Gross profit¥374 million

Operating profit¥63 million

Quarterly net income¥36 million

Full-year earnings forecast

Net Sales

¥2,546 million

Operating profit

¥295 million

Ordinary income

¥255 million

Net income for the current fiscal year

¥152 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

The number of contracts was below plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Impact of subscription gross profit−¥22 million
Gross profit increase from lower bag sales due to the focus on profitability+¥24 million
Personnel expenses were broadly in line with the previous yearUp ¥4 million
Shift to efficiency-focused advertising expenses+¥41 million
Packaging and freight expenses were broadly in line with the previous year+¥2 million
Lower sales commissions due to a review of bag sales channels and other factors+¥6 million
Lower other expenses, including a decrease in the allowance for doubtful accounts+¥9 million

New initiatives

Launch of premium bag rentals (Royal Closet)
Collaboration with the ANA Group and launch of ANA Luxury Bag
Listings on Rakuten, Rakuma, Yahoo! Shopping and BUYMA through an inventory integration system
Launch of the beta version of sunglasses sharing
External rollout of ShaaS (sharing-as-a-service)

Key KPIsA metric the company considers important as a management benchmark.

Number of contracts17,245 Engagements
Year on year against the same period last year+197 contracts
Average spend per customer¥8,860
Year on year against the same period last year−¥359
Email address registrations22,279 Engagements
Conversion rate+2.5 percentage points year on year
Year on year against the same period last year+2.5％P
CPA38% improvement year on year
Year on year against the same period last year38% improvement
Retention rate (churn rate)+0.1 percentage points on average year on year
Year on year against the same period last year+0.1％P

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Number of contracts17,245 Engagements
Year on year against the same period last year+197 contracts
Average spend per customer¥8,860
Year on year against the same period last year−¥359

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	¥519 million (YoY +91.9%)
Operating profit	¥63 million (YoY +136.7%)
Net income	¥36 million (YoY +91.5%)
Gross Profit Margin	72.2%
Operating profit margin	12.2%
Selling, general and administrative expenses	¥309 million
Results for the three months of the current quarter	Net Sales ¥519 million / Gross profit ¥374 million / Operating profit ¥63 million / Quarterly net income ¥36 million
Full-year earnings forecast	Net Sales ¥2,546 million / Operating profit ¥295 million / Ordinary income ¥255 million / Net income for the current fiscal year ¥152 million
Self-assessment against the plan	The number of contracts was below plan
Breakdown of Factors Affecting the Change	Factors Impact of subscription gross profit / Amount −¥22 million, Factors Gross profit increase from lower bag sales due to the focus on profitability / Amount +¥24 million, Factors Personnel expenses were broadly in line with the previous year / Amount Up ¥4 million, Factors Shift to efficiency-focused advertising expenses / Amount +¥41 million, Factors Packaging and freight expenses were broadly in line with the previous year / Amount +¥2 million, Factors Lower sales commissions due to a review of bag sales channels and other factors / Amount +¥6 million, Factors Lower other expenses, including a decrease in the allowance for doubtful accounts / Amount +¥9 million
Key KPIs	Indicator name Number of contracts / Value 17,245 Engagements / Year on year against the same period last year +197 contracts, Indicator name Average spend per customer / Value ¥8,860 / Year on year against the same period last year −¥359, Indicator name Email address registrations / Value 22,279 Engagements / Year on year against the same period last year Not disclosed, Indicator name Conversion rate / Value +2.5 percentage points year on year / Year on year against the same period last year +2.5％P, Indicator name CPA / Value 38% improvement year on year / Year on year against the same period last year 38% improvement, Indicator name Retention rate (churn rate) / Value +0.1 percentage points on average year on year / Year on year against the same period last year +0.1％P
Unit price and quantity metrics	Indicator name Number of contracts / Value 17,245 Engagements / Year on year against the same period last year +197 contracts, Indicator name Average spend per customer / Value ¥8,860 / Year on year against the same period last year −¥359
New initiatives	Launch of premium bag rentals (Royal Closet), Collaboration with the ANA Group and launch of ANA Luxury Bag, Listings on Rakuten, Rakuma, Yahoo! Shopping and BUYMA through an inventory integration system, Launch of the beta version of sunglasses sharing, External rollout of ShaaS (sharing-as-a-service)

Items this document does not state (16)

Ordinary incomeProgress against full-year forecastSegment resultsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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 reason for the decline in revenue was the reduction of bag sales to prioritize profitability. The increase in operating profit was mainly attributable to lower advertising expenses following the shift to efficiency-focused advertising investment, lower sales commissions following a review of bag sales channels, and a reduction in other expenses. The increase in the number of contracts resulted from higher new contract volume and improved churn. The decline in average revenue per customer was due to an increase in users within 3 months of signing contracts, whose unit prices are lower.

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