Worth reading
89Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
305
Millions of yen (year-on-year change in operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending February 2027, second quarter12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥299,258 million+8.4%
Operating profit¥21,149 million+1.5%
Ordinary income¥20,205 million+1.4%
Net income¥11,598 million-4.4%
Gross Profit Margin34.3%
Operating profit margin7.1%
Selling, general and administrative expenses¥86,466 million
Results for the three months of the current quarter
Q2
Net Sales
¥149,825 million+7.1%
Gross profit
¥50,984 million+5.9%
Operating profit
¥9,775 million-12.4%
Ordinary income
¥9,271 million-13.9%
Net income
¥5,039 million-19.4%
Full-year earnings forecast
Net Sales
¥567,500 million
Gross profit
¥196,200 million
Operating profit
¥31,200 million
Ordinary income
¥29,400 million
Net income
¥17,400 million
Annual Dividend
¥48
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 Sales99.9% (vs. plan)
Gross profit98.6% (vs. plan)
Operating profit104.7% (vs. plan)
Ordinary income104.7% (vs. plan)
Net income100.9% (versus plan)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and gross profit fell short of plan, while operating income, ordinary income and net income exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating income
Revenue decline-612
Gross profit margin improvement1,541
SG&A cost reduction539
Other-157
エンチョー consolidated-1,638
エクスプライス consolidation633
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
Full year10 Location
Store closures
Full year3 Location
Capital Expenditure
¥20,000 million
Depreciation and amortization
¥14,000 million
New initiatives
- Launching new environmentally friendly and money-saving products
- Strengthening sales of エクスプライス's MAXZEN private-label products and expanding product supplies to DCM stores
- Strengthen profitability through renovations of DCMニコット stores
- New store openings, including ホダカ
Key KPIsA metric the company considers important as a management benchmark.
- Existing-store revenue99.0%Year on year against the same period last year-1.0 percentage points
- Same-store customer traffic97.2%Year on year against the same period last year-2.8 percentage points
- Same-store spend per customer101.9%Year on year against the same period last year+1.9 percentage points
- Private-label revenue mix29.9%Year on year against the same period last year+1.9 percentage points
- Equity ratio43.9%Year on year against the same period last year-2.0 percentage points
- ROE3.9%Year on year against the same period last year-0.5 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Existing stores
Number of Customers97.2% year on year
Average Spend per Customer101.9% year on year
Segment results
Home Center Business
Net Sales
¥257,638 million+6.4%
XPRICE business
Net Sales
¥41,488 million+23.1%
Other Businesses
Net Sales
¥131 million-2.2%
Number of stores and locations
Number of Stores at Period-End918 Location
New Store Openings2 Location
Store closures2 Location
Number of employees
Permanent employees5,021 people
Non-regular employees12116 (8-hour equivalent)
Capital expenditures
7,155 Million yen first-half actual
Annual Dividend
Annual¥48
Interim¥24
End of period¥24
Acquisition of treasury shares
Number of shares acquired3 million shares
Acquisition price¥4,829 million
Acquisition periodDecember 2025 onward
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | ¥299,258 million (YoY +8.4%) |
| Operating profit | ¥21,149 million (YoY +1.5%) |
| Ordinary income | ¥20,205 million (YoY +1.4%) |
| Net income | ¥11,598 million (YoY -4.4%) |
| Gross Profit Margin | 34.3% |
| Operating profit margin | 7.1% |
| Selling, general and administrative expenses | ¥86,466 million |
| Results for the three months of the current quarter | Q2 Net Sales ¥149,825 million (YoY +7.1%) / Gross profit ¥50,984 million (YoY +5.9%) / Operating profit ¥9,775 million (YoY -12.4%) / Ordinary income ¥9,271 million (YoY -13.9%) / Net income ¥5,039 million (YoY -19.4%) |
| Full-year earnings forecast | Net Sales ¥567,500 million / Gross profit ¥196,200 million / Operating profit ¥31,200 million / Ordinary income ¥29,400 million / Net income ¥17,400 million / Annual Dividend ¥48 |
| Progress against full-year forecast | Net Sales 99.9% (vs. plan) / Gross profit 98.6% (vs. plan) / Operating profit 104.7% (vs. plan) / Ordinary income 104.7% (vs. plan) / Net income 100.9% (versus plan) |
| Self-assessment against the plan | Revenue and gross profit fell short of plan, while operating income, ordinary income and net income exceeded plan |
| Segment results | Home Center Business Net Sales ¥257,638 million (YoY +6.4%) / XPRICE business Net Sales ¥41,488 million (YoY +23.1%) / Other Businesses Net Sales ¥131 million (YoY -2.2%) |
| Breakdown of Factors Affecting the Change | Year-on-year change in operating income Revenue decline -612 / Gross profit margin improvement 1,541 / SG&A cost reduction 539 / Other -157 / エンチョー consolidated -1,638 / エクスプライス consolidation 633 |
| Key KPIs | Indicator Existing-store revenue / Value 99.0% / Year on year against the same period last year -1.0 percentage points, Indicator Same-store customer traffic / Value 97.2% / Year on year against the same period last year -2.8 percentage points, Indicator Same-store spend per customer / Value 101.9% / Year on year against the same period last year +1.9 percentage points, Indicator Private-label revenue mix / Value 29.9% / Year on year against the same period last year +1.9 percentage points, Indicator Equity ratio / Value 43.9% / Year on year against the same period last year -2.0 percentage points, Indicator ROE / Value 3.9% / Year on year against the same period last year -0.5 percentage points |
| Unit price and quantity metrics | Existing stores Number of Customers 97.2% year on year / Average Spend per Customer 101.9% year on year |
| Number of stores and locations | Number of Stores at Period-End 918 Location / New Store Openings 2 Location / Store closures 2 Location |
| Number of employees | Permanent employees 5,021 people / Non-regular employees 12116 (8-hour equivalent) |
| 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 Full year 10 Location / Store closures Full year 3 Location / Capital Expenditure ¥20,000 million / Depreciation and amortization ¥14,000 million |
| Annual Dividend | Annual ¥48 / Interim ¥24 / End of period ¥24 |
| Acquisition of treasury shares | Number of shares acquired 3 million shares / Acquisition price ¥4,829 million / Acquisition period December 2025 onward |
| Capital expenditures | 7,155 Million yen (first-half actual) |
| New initiatives | Launching new environmentally friendly and money-saving products, Strengthening sales of エクスプライス's MAXZEN private-label products and expanding product supplies to DCM stores, Strengthen profitability through renovations of DCMニコット stores, New store openings, including ホダカ |
Items this document does not state (7)
Risk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioOrders 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.Revenue increased due to bulk buying amid tensions in the Middle East, demand for disaster-related supplies such as those needed for earthquakes and flooding, and the consolidated effects of エンチョー, ホームテック and エクスプライス. Operating income increased due to an improvement in the gross profit margin, reductions in selling, general and administrative expenses, and the impact of consolidating エクスプライス, while エンチョー's profit declined due to the impact of renovations. Profit declined in the second quarter alone due to unfavorable weather and the impact of temperatures.
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.