Worth reading
81Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
7.8
Year-on-year change in revenue (%)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFull fiscal year ended April 2026 (Q4)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,574 million+7.8%
Operating profit¥1,320 million+5.3%
Ordinary income¥1,240 million-11.3%
Net income¥804 million-3.9%
Selling, general and administrative expenses¥4,150 million
Operating profit margin20.1% (down 0.5 percentage points year on year)
Results for the three months of the current quarter
Net Sales
¥1,762 million+14.5%
Gross profit
¥1,483 million+20.1%
Operating profit
¥346 million
Operating profit margin19.6%
Full-year earnings forecast
Net Sales
¥6,740 million
Operating profit
¥1,410 million
Ordinary income
¥1,400 million
Net income
¥900 million
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 Sales97.5%
Operating profit93.7%
Ordinary income88.6%
Net income89.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Domestic full-year GMV for the EC business exceeded the target. Overseas full-year GMV fell short of the target. Overall assessment of consolidated performance: Not disclosedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
EC business operating profit
Year-earlier period
¥1,239 million
Net Sales+¥337 million
Cost of sales-¥33 million
Advertising spend-¥118 million
Personnel Expenses-¥86 million
Other-¥64 million
Current fiscal year
¥1,272 million
Special factors affecting consolidated operating profit
Proof-of-concept costs-¥51 million
Shareholder Benefit Costs-¥89 million
New initiatives
- Proof-of-concept initiatives to expand the customer baseDetailsConducting advertising and promotional activities, sales outsourcing and other initiatives for a B2B wholesale EC site, B2B credit-payment processing services and an accounts receivable guarantee serviceInvestment amountTotal of ¥51 million
- Higher investment levels from the fiscal year ending April 2027 onwardDetailsDecision to raise investment levels after confirming the effectiveness of the proof-of-concept initiatives
Key KPIsA metric the company considers important as a management benchmark.
- Group GMV¥21,305 million+17.6%
- URIHO guarantee balance¥76,434 million+21.3%
- Paid full-year GMV growth rate12.6 %
- Paid Q4 GMV growth rate16.5 %
- Domestic full-year GMV¥22,824 million+14.0%
- Overseas full-year GMV¥8,161 million+6.6%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Domestic EC purchasing customers32,989 stores+3.3%
- Average spend per domestic EC purchasing customer¥197,796+19.8%
- Overseas EC purchasing customers6,100 stores-4.5%
- Average spend per overseas EC purchasing customer¥335,241+10.9%
- First-time purchasersAmount not stated+22.6%
- Repeat purchasersAmount not stated-1.0%
Segment results
EC Business
Net Sales
¥3,899 million+9.5%
Operating profit
¥1,272 million+2.7%
Financial business
Net Sales
¥2,674 million+5.5%
Operating profit
¥832 million+13.5%
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Full fiscal year ended April 2026 (Q4) |
| Net Sales | ¥6,574 million (YoY +7.8%) |
| Operating profit | ¥1,320 million (YoY +5.3%) |
| Ordinary income | ¥1,240 million (YoY -11.3%) |
| Net income | ¥804 million (YoY -3.9%) |
| Operating profit margin | 20.1% (down 0.5 percentage points year on year) |
| Selling, general and administrative expenses | ¥4,150 million |
| Results for the three months of the current quarter | Net Sales ¥1,762 million (YoY +14.5%) / Gross profit ¥1,483 million (YoY +20.1%) / Operating profit ¥346 million / Operating profit margin 19.6% |
| Full-year earnings forecast | Net Sales ¥6,740 million / Operating profit ¥1,410 million / Ordinary income ¥1,400 million / Net income ¥900 million |
| Progress against full-year forecast | Net Sales 97.5% / Operating profit 93.7% / Ordinary income 88.6% / Net income 89.4% |
| Self-assessment against the plan | Domestic full-year GMV for the EC business exceeded the target. Overseas full-year GMV fell short of the target. Overall assessment of consolidated performance: Not disclosed |
| Segment results | EC Business Net Sales ¥3,899 million (YoY +9.5%) / Operating profit ¥1,272 million (YoY +2.7%) / Financial business Net Sales ¥2,674 million (YoY +5.5%) / Operating profit ¥832 million (YoY +13.5%) |
| Breakdown of Factors Affecting the Change | EC business operating profit Year-earlier period ¥1,239 million / Net Sales +¥337 million / Cost of sales -¥33 million / Advertising spend -¥118 million / Personnel Expenses -¥86 million / Other -¥64 million / Current fiscal year ¥1,272 million / Special factors affecting consolidated operating profit Proof-of-concept costs -¥51 million / Shareholder Benefit Costs -¥89 million |
| Key KPIs | Group GMV ¥21,305 million (YoY +17.6%), URIHO guarantee balance ¥76,434 million (YoY +21.3%), Paid full-year GMV growth rate 12.6 %, Paid Q4 GMV growth rate 16.5 %, Domestic full-year GMV ¥22,824 million (YoY +14.0%), Overseas full-year GMV ¥8,161 million (YoY +6.6%) |
| Unit price and quantity metrics | Domestic EC purchasing customers 32,989 stores (YoY +3.3%), Average spend per domestic EC purchasing customer ¥197,796 (YoY +19.8%), Overseas EC purchasing customers 6,100 stores (YoY -4.5%), Average spend per overseas EC purchasing customer ¥335,241 (YoY +10.9%), First-time purchasers 非開示 (YoY +22.6%), Repeat purchasers 非開示 (YoY -1.0%) |
| New initiatives | Measures Proof-of-concept initiatives to expand the customer base / Details Conducting advertising and promotional activities, sales outsourcing and other initiatives for a B2B wholesale EC site, B2B credit-payment processing services and an accounts receivable guarantee service / Investment amount Total of ¥51 million, Measures Higher investment levels from the fiscal year ending April 2027 onward / Details Decision to raise investment levels after confirming the effectiveness of the proof-of-concept initiatives |
Items this document does not state (14)
Gross Profit MarginNumber 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.Growth in domestic EC GMV, increases in the number of purchasing customers and average spend per purchasing customer, and increases in the number of active Paid accounts and average spending per participating company contributed to higher revenue. Operating profit was affected by ¥51 million in unbudgeted proof-of-concept costs and ¥89 million in shareholder benefit expenses, as well as the burden of overseas shipping costs and higher selling, general and administrative expenses.
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.