Worth reading
82Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-2215
¥ million (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ended February 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥533,107 million-0.6%
Operating profit¥31,014 million-6.7%
Ordinary income¥29,158 million-5.9%
Net income¥17,310 million+1.0%
Selling, general and administrative expenses¥161,288 million
Gross Profit Margin
Rate34.3%
Year on year against the same period last year+0.2 percentage points
Operating profit margin
Rate5.8%
Year on year against the same period last year-0.4 percentage points
Results for the three months of the current quarter
Net Sales
¥134,554 million+7.2%
Gross profit
¥45,368 million+6.3%
Operating profit
¥4,253 million-20.9%
Ordinary income
¥3,722 million-27.8%
Net income
¥1,969 million+9.5%
Full-year earnings forecast
Net Sales
¥567,500 million
Gross profit
¥196,200 million
Operating revenue
¥9,800 million
Gross operating profit
¥206,000 million
Selling, general and administrative expenses
¥174,800 million
Operating profit
¥31,200 million
Ordinary income
¥29,400 million
Net income
¥17,400 million
Earnings per share
¥125.71
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。Revenue 97.8%, gross profit 97.4%, operating profit 88.6%, ordinary profit 86.8%, net profit 88.3% (fiscal year ended February 2026 actual results as a percentage of the plan)
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue decline-6,422
Gross profit margin improvement2,694
SG&A cost reduction1,653
Other192
エクスプライス consolidation295
M&A transactions-630
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Same-store sales growth rate
First half+0.5%
Second half+0.3%
Full year+0.4%
New Store Openings
First half2
Second half8
Full year10
Store closures
First half1
Second half1
Full year2
Capital expenditure
¥20,000 million
Depreciation and amortization
¥14,000 million
New initiatives
- Beginning consolidation of エンチョー and ホームテック
- Store renovations at DCMニコット using DCM resources
- Strengthening private-label product sales
- Launching new environmentally friendly and money-saving products
Key KPIsA metric the company considers important as a management benchmark.
Same-Store Sales-4.2% year on year
Same-store customer traffic-5.7% year on year
Same-store spend per customer+1.6% year on year
Private-label revenue mix27.0%, +1.0 percentage point year on year
Equity ratio44.4%
ROE6.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Same-store customer traffic-5.7% year on year
Same-store spend per customer+1.6% year on year
Same-Store Sales-4.2% year on year
Segment results
Gardening
Net Sales
¥76,610 million
Year on year against the same period last year-1.1%
Home Improvement
Net Sales
¥108,200 million
Year on year against the same period last year+1.8%
Home Leisure and Pets
Net Sales
¥73,977 million
Year on year against the same period last year-1.8%
Housekeeping
Net Sales
¥80,070 million
Year on year against the same period last year-1.0%
Home Furnishings
Net Sales
¥58,098 million
Year on year against the same period last year-3.7%
Home Electronics
Net Sales
¥51,109 million
Year on year against the same period last year-5.4%
Other
Net Sales
¥17,471 million
Year on year against the same period last year+5.6%
Product supply revenue and other
Net Sales
¥1,524 million
Year on year against the same period last year+15.8%
Total home improvement business
Net Sales
¥467,061 million
Year on year against the same period last year-1.1%
XPRICE business
Net Sales
¥65,789 million
Year on year against the same period last year+3.4%
Other Businesses
Net Sales
¥255 million
Year on year against the same period last year+2.7%
Number of stores and locations
Number of Stores at Period-End918
New Store Openings9
Store closures7
Number of employees
Number of permanent employees4,982
Non-regular employees12,521 people (on an eight-hour equivalent basis)
Capital expenditures
¥15,333 million
Annual Dividend
¥47 per share
Payout ratio
38.2% for the fiscal year ended February 2026Acquisition of treasury shares
Buyback limit¥5,500 million currently being acquired
PeriodFrom 29 December 2025
Holding policyHold approximately 5% of total shares outstanding as a guideline, and cancel any excess
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Net Sales | ¥533,107 million (YoY -0.6%) |
| Operating profit | ¥31,014 million (YoY -6.7%) |
| Ordinary income | ¥29,158 million (YoY -5.9%) |
| Net income | ¥17,310 million (YoY +1.0%) |
| Gross Profit Margin | Rate 34.3% / Year on year against the same period last year +0.2 percentage points |
| Operating profit margin | Rate 5.8% / Year on year against the same period last year -0.4 percentage points |
| Selling, general and administrative expenses | ¥161,288 million |
| Results for the three months of the current quarter | Net Sales ¥134,554 million (YoY +7.2%) / Gross profit ¥45,368 million (YoY +6.3%) / Operating profit ¥4,253 million (YoY -20.9%) / Ordinary income ¥3,722 million (YoY -27.8%) / Net income ¥1,969 million (YoY +9.5%) |
| Full-year earnings forecast | Net Sales ¥567,500 million / Gross profit ¥196,200 million / Operating revenue ¥9,800 million / Gross operating profit ¥206,000 million / Selling, general and administrative expenses ¥174,800 million / Operating profit ¥31,200 million / Ordinary income ¥29,400 million / Net income ¥17,400 million / Earnings per share ¥125.71 |
| Progress against full-year forecast | Revenue 97.8%, gross profit 97.4%, operating profit 88.6%, ordinary profit 86.8%, net profit 88.3% (fiscal year ended February 2026 actual results as a percentage of the plan) |
| Segment results | Gardening Net Sales ¥76,610 million / yoy_pct -1.1 / Home Improvement Net Sales ¥108,200 million / yoy_pct 1.8 / Home Leisure and Pets Net Sales ¥73,977 million / yoy_pct -1.8 / Housekeeping Net Sales ¥80,070 million / yoy_pct -1 / Home Furnishings Net Sales ¥58,098 million / yoy_pct -3.7 / Home Electronics Net Sales ¥51,109 million / yoy_pct -5.4 / Other Net Sales ¥17,471 million / yoy_pct 5.6 / Product supply revenue and other Net Sales ¥1,524 million / yoy_pct 15.8 / Total home improvement business Net Sales ¥467,061 million / yoy_pct -1.1 / XPRICE business Net Sales ¥65,789 million / yoy_pct 3.4 / Other Businesses Net Sales ¥255 million / yoy_pct 2.7 |
| Breakdown of Factors Affecting the Change | Revenue decline -6,422 / Gross profit margin improvement 2,694 / SG&A cost reduction 1,653 / Other 192 / エクスプライス consolidation 295 / M&A transactions -630 |
| Key KPIs | Same-Store Sales -4.2% year on year / Same-store customer traffic -5.7% year on year / Same-store spend per customer +1.6% year on year / Private-label revenue mix 27.0%, +1.0 percentage point year on year / Equity ratio 44.4% / ROE 6.2% |
| Unit price and quantity metrics | Same-store customer traffic -5.7% year on year / Same-store spend per customer +1.6% year on year / Same-Store Sales -4.2% year on year |
| Number of stores and locations | Number of Stores at Period-End 918 / New Store Openings 9 / Store closures 7 |
| Number of employees | Number of permanent employees 4,982 / Non-regular employees 12,521 people (on an eight-hour equivalent basis) |
| Assumptions Underlying the Business Outlook | Same-store sales growth rate First half +0.5% / Second half +0.3% / Full year +0.4% / New Store Openings First half 2 / Second half 8 / Full year 10 / Store closures First half 1 / Second half 1 / Full year 2 / Capital expenditure ¥20,000 million / Depreciation and amortization ¥14,000 million |
| Annual Dividend | ¥47 per share |
| Payout ratio | 38.2% for the fiscal year ended February 2026 |
| Acquisition of treasury shares | Buyback limit ¥5,500 million currently being acquired / Period From 29 December 2025 / Holding policy Hold approximately 5% of total shares outstanding as a guideline, and cancel any excess |
| Capital expenditures | ¥15,333 million |
| New initiatives | Beginning consolidation of エンチョー and ホームテック, Store renovations at DCMニコット using DCM resources, Strengthening private-label product sales, Launching new environmentally friendly and money-saving products |
Items this document does not state (7)
Self-assessment against the planRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsOrders 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 company identified lower revenue and M&A transactions as factors reducing profit. Conversely, an improved gross profit margin, lower selling, general and administrative expenses, and improved profitability at エクスプライス contributed to higher profit. At existing stores, the company cited the pullback in demand for disaster-prevention and crime-prevention products, the impact of higher temperatures on demand for summer products, and the leap-year effect.
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.