Worth reading
52Recurring
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
62.7
Year-on-year decline in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ended February 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,604 million+1.1%
Operating profit¥200 million-62.7%
Ordinary income¥247 million-56.8%
Net income¥-201 million
Selling, general and administrative expenses¥7,215 million
Gross Profit Margin
Rate25.9%
Year-on-year change (points)Up 0.1 percentage points year on year
Operating profit margin
Rate0.7%
Year-on-year change (points)Down 1.2 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥6,722 million
Operating profit
¥-117 million
Full-year earnings forecast
Net Sales
¥29,000 million
Operating profit
¥210 million
Ordinary income
¥250 million
Net income for the current fiscal year
¥150 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 Sales100.0%
Operating profit102.5%
Ordinary income102.0%
Net income for the current fiscal year97.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue met the plan, operating profit and ordinary profit exceeded the plan, and net income fell short of the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in revenue¥307 million
- Cost of sales and other costs¥-199 million
- Personnel expenses¥-219 million
- Utilities expenses¥-59 million
- Depreciation¥-123 million
- Other costs, including rent, provision for shareholder benefit expenses and amortization of goodwill¥-45 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The presentation states that inflation and labor shortages are expected to continue, but numerical assumptions are not disclosedNew initiatives
- Converting ジェーソン and サンモール stores into joint stores and complementing their product offerings
- Updating and expanding production facilities for 尚仁沢 Natural Water
- Reducing staffing needs and improving operational efficiency through DX infrastructure development
- Store strategy based on a scrap-and-build approach
- Strengthening private-label product development and supply capacity through M&A
Key KPIsA metric the company considers important as a management benchmark.
- Daily customer visitsApproximately 50,000
- Average store sizeApproximately 210
- Cumulative bottles of 尚仁沢 Natural Water soldApproximately 64 million
- Cumulative bottles of はじける Strong Carbonated Water sold1,310 10,000 units
- 尚仁沢 Natural Water production volume2,480 10,000 units
Financial targets
Actual equity ratio of 54.5% disclosed. Financial targets are not disclosedNumber of stores and locations
End of period122 locations (117 ジェーソン stores and 6 サンモール stores, including 1 joint store)
Number of store openings and closures during the period2 new stores opened, up 7 locations year on year
Annual Dividend
Annual dividend per share¥13
Payout ratio
48.2% for the fiscal year ended February 2026; forecast 111.0% for the fiscal year ending February 2027| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Net Sales | ¥28,604 million (YoY +1.1%) |
| Operating profit | ¥200 million (YoY -62.7%) |
| Ordinary income | ¥247 million (YoY -56.8%) |
| Net income | ¥-201 million |
| Gross Profit Margin | Rate 25.9% / Year-on-year change (points) Up 0.1 percentage points year on year |
| Operating profit margin | Rate 0.7% / Year-on-year change (points) Down 1.2 percentage points year on year |
| Selling, general and administrative expenses | ¥7,215 million |
| Results for the three months of the current quarter | Net Sales ¥6,722 million / Operating profit ¥-117 million |
| Full-year earnings forecast | Net Sales ¥29,000 million / Operating profit ¥210 million / Ordinary income ¥250 million / Net income for the current fiscal year ¥150 million |
| Progress against full-year forecast | Net Sales 100.0% / Operating profit 102.5% / Ordinary income 102.0% / Net income for the current fiscal year 97.5% |
| Self-assessment against the plan | Revenue met the plan, operating profit and ordinary profit exceeded the plan, and net income fell short of the plan |
| Breakdown of Factors Affecting the Change | Factors Increase in revenue / Amount ¥307 million, Factors Cost of sales and other costs / Amount ¥-199 million, Factors Personnel expenses / Amount ¥-219 million, Factors Utilities expenses / Amount ¥-59 million, Factors Depreciation / Amount ¥-123 million, Factors Other costs, including rent, provision for shareholder benefit expenses and amortization of goodwill / Amount ¥-45 million |
| Key KPIs | Indicator name Daily customer visits / Value Approximately 50,000 / Year on year against the same period last year Not disclosed, Indicator name Average store size / Value Approximately 210 / Year on year against the same period last year Not disclosed, Indicator name Cumulative bottles of 尚仁沢 Natural Water sold / Value Approximately 64 million / Year on year against the same period last year Not disclosed, Indicator name Cumulative bottles of はじける Strong Carbonated Water sold / Value 1,310 10,000 units / Year on year against the same period last year Not disclosed, Indicator name 尚仁沢 Natural Water production volume / Value 2,480 10,000 units / Year on year against the same period last year Not disclosed |
| Number of stores and locations | End of period 122 locations (117 ジェーソン stores and 6 サンモール stores, including 1 joint store) / Number of store openings and closures during the period 2 new stores opened, up 7 locations year on year |
| Assumptions Underlying the Business Outlook | The presentation states that inflation and labor shortages are expected to continue, but numerical assumptions are not disclosed |
| Financial targets | Actual equity ratio of 54.5% disclosed. Financial targets are not disclosed |
| Annual Dividend | Annual dividend per share ¥13 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 48.2% for the fiscal year ended February 2026; forecast 111.0% for the fiscal year ending February 2027 |
| New initiatives | Converting ジェーソン and サンモール stores into joint stores and complementing their product offerings, Updating and expanding production facilities for 尚仁沢 Natural Water, Reducing staffing needs and improving operational efficiency through DX infrastructure development, Store strategy based on a scrap-and-build approach, Strengthening private-label product development and supply capacity through M&A |
Items this document does not state (10)
Segment resultsUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.Higher procurement costs due to inflation, M&A-related expenses, depreciation associated with vehicle purchases and capital investment, and increased labor, utilities and other expenses following the consolidation of サンモール as a subsidiary weighed on profit. In addition, impairment losses were recognized on goodwill and certain tangible fixed assets, resulting in a net loss for the fiscal year.
How to read this page
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