Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-420.326
¥ millions (operating loss)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales12,977¥ millionYear on year -22.7%
Operating profit-420¥ million
Ordinary income-583¥ million
Net income attributable to owners of the parent-452¥ million
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-¥12.64
Financial position at period-end
Total assets56,268¥ million
of which net assets 10,594 ¥ millionEquity ratio 18.4%vs. prior year-end -7.1pt
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.
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profit¥3,290 million (YoY +11.8%)
Ordinary income¥3,050 million (YoY +9.6%)
Net income¥2,100 million (YoY +8.3%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥8 → ¥8（0.0%）
Factors Behind Changes in Business Performance
It took time to establish stable operations under the new scheme, GMV remained sluggish, and selling, general and administrative expenses increased as the workforce was expanded in line with business growth.
Disclosure regarding the going concern assumption
No matters to report
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 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsLarge-scale borrowing. The company borrowed ¥5,735 million from Mizuho Bank to fund the payment and delivery related to the sale of inventory property. The contract was signed on 26 October 2026, the loan was drawn down on 28 October 2026, and the repayment due date is 28 December 2027.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End36,107,700 shares
Treasury Shares at Period-End411,140 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥12,977 million (YoY -22.7%) |
| Operating profit | ¥-420 million |
| Ordinary income | ¥-583 million |
| Profit attributable to owners of the parent | ¥-452 million |
| Net income per share | -¥12.64 |
| Equity ratio | End of the current fiscal period 18.4 / End of previous period 25.5 |
| Total assets | ¥56,268 million |
| Net assets | ¥10,594 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit ¥3,290 million (YoY +11.8%) / Ordinary income ¥3,050 million (YoY +9.6%) / Net income ¥2,100 million (YoY +8.3%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥8 → ¥8（0.0%） |
| Disclosure regarding the going concern assumption | No matters to report |
| 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 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | Large-scale borrowing. The company borrowed ¥5,735 million from Mizuho Bank to fund the payment and delivery related to the sale of inventory property. The contract was signed on 26 October 2026, the loan was drawn down on 28 October 2026, and the repayment due date is 28 December 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 36,107,700 shares |
| Treasury Shares at Period-End | 411,140 treasury shares |
| Factors Behind Changes in Business Performance | It took time to establish stable operations under the new scheme, GMV remained sluggish, and selling, general and administrative expenses increased as the workforce was expanded in line with business growth. |
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossBreakdown of extraordinary income (loss)
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.It took time to establish stable operations under the new scheme, GMV remained sluggish, and selling, general and administrative expenses increased as the workforce was expanded in line with business growth.
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.