Worth reading
80Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
6390
¥ million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ended February 2026 (March 2025 to February 2026)13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥48,597 million+15.1%
Operating profit¥4,777 million+18.4%
Ordinary income¥4,857 million+19.0%
Net income¥3,171 million +17.0%net income attributable to owners of the parent
Gross Profit Margin59.1%
Operating profit margin9.8%
Selling, general and administrative expenses¥23,953 million
Results for the three months of the current quarter
Net Sales
¥13,398 million+14.6%
Operating profit
¥1,431 million+35.9%
Operating profit margin
10.7%
Year on year against the same period last year+1.7 percentage points
Full-year earnings forecast
Fiscal year ending February 2027
Net Sales
¥54,304 million
Gross profit
¥32,361 million
Operating profit
¥5,065 million
Profit attributable to owners of the parent
¥3,395 million
Earnings per share
¥144.83
Operating profit margin
9.3 %
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 Sales100.5%
Operating profit101.8%
Ordinary income101.7%
Profit attributable to owners of the parent101.0%
Earnings per share104.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company finished above the earnings forecast revised upward in February. New store openings reached the target, with 32 stores opened against a target of 30–35. Fixed costs increased as planned.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Standalone, existing stores and other2,420
Standalone, stores opened during the fiscal year2,137
Standalone, closed stores-594
Standalone and other74
Subsidiaries2,353
Operating profit
Standalone, existing stores and other789
Standalone, stores opened during the fiscal year-115
Standalone, closed stores-157
Standalone and other-470
Subsidiaries695
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Sales growth at standalone existing storesYoY102%
Consolidated gross profit margin59.6%
Consolidated SG&A expense ratio50.3%
Number of new stores30–35 stores annually
Increase in mail-in and in-home purchasesApproximately 5–15%
New initiatives
- Launch of トレファクアニメラボ, a new format specializing in anime merchandise
- Acquisition of the business operating an unmanned rental dress service
- Establishment of the specialized Appraisal DX and Authenticity Verification Office in March 2026
- Launch of an AI project spanning the technology organizations of group companies
- Introduction of an Executive Officer System
- Plan to open the first store in the United States during the fiscal year ending February 2027
Key KPIsA metric the company considers important as a management benchmark.
- Year-on-year sales growth at standalone existing stores104.6 %Year on year against the same period last yearDown 3.3 percentage points from 107.9% for the cumulative period of the previous fiscal year
- Standalone same-store gross profit margin64.3 %Year on year against the same period last year+0.4 percentage points
- Consolidated e-commerce sales ratio15.7 %Year on year against the same period last year+1.2 percentage points
- Year-on-year consolidated purchases115.5 %Year on year against the same period last yearDown 5.7 percentage points from 121.2% for the cumulative period of the previous fiscal year
- New stores opened during the fiscal year32 storesYear on year against the same period last yearUp 8 stores from 24 stores in the previous fiscal year
- Tax-free sales ratio10.7 %Year on year against the same period last year+0.8 percentage points
- App members291 10,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Standalone existing stores
Number of sales
104.8 % year on year
Selling price
99.8 % year on year
Medium-term management plan targets
Target fiscal yearFiscal year ending February 2029
Net Sales¥71.0 billion
Operating profit¥6.38 billion
Annual store openings35–40 stores
Operating profit margin9.0%
Dividend per share¥55.0 per share
Payout ratio30.0%
Financial targets
ROE
Actual results27.4% (fiscal year ended February 2026)
ROIC
Actual results18.3% (fiscal year ended February 2026)
Cost of shareholders’ equityApproximately 4.6%
WACCApproximately 4.1%
Number of stores and locations
Stores opened during the period32
Stores closed during the period4
Number of employees
Number of Employees1,168 employees (full-time employees only, as of the end of February 2026)
Changes during the period and hiring plan132 new employees joined the company in April 2025. The sustainability basic data reports total hiring of 233 people for the fiscal year ended February 2025
Annual Dividend
Fiscal year ended February 2026
Annual¥40
Interim¥19
End of periodForecast: ¥21
FY2027/2 forecast
Annual¥44
Interim¥22
End of period¥22
Payout ratio
Fiscal year ended February 202629.6%
FY2027/2 forecast30.4%
PolicyThe near-term target payout ratio is at least 30%
Acquisition of treasury shares
Planned as appropriate depending on share price and cash on hand. The amount, number of shares and period of the acquisition program are not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ended February 2026 (March 2025 to February 2026) |
| Net Sales | ¥48,597 million (YoY +15.1%) |
| Operating profit | ¥4,777 million (YoY +18.4%) |
| Ordinary income | ¥4,857 million (YoY +19.0%) |
| Net income | ¥3,171 million (net income attributable to owners of the parent) (YoY +17.0%) |
| Gross Profit Margin | 59.1% |
| Operating profit margin | 9.8% |
| Selling, general and administrative expenses | ¥23,953 million |
| Results for the three months of the current quarter | Net Sales ¥13,398 million (YoY +14.6%) / Operating profit ¥1,431 million (YoY +35.9%) / Operating profit margin 10.7% |
| Full-year earnings forecast | Subject Fiscal year ending February 2027 / Net Sales ¥54,304 million / Gross profit ¥32,361 million / Operating profit ¥5,065 million / Profit attributable to owners of the parent ¥3,395 million / Earnings per share ¥144.83 / Operating profit margin 9.3 % |
| Progress against full-year forecast | Net Sales 100.5% / Operating profit 101.8% / Ordinary income 101.7% / Profit attributable to owners of the parent 101.0% / Earnings per share 104.9% |
| Self-assessment against the plan | The company finished above the earnings forecast revised upward in February. New store openings reached the target, with 32 stores opened against a target of 30–35. Fixed costs increased as planned. |
| Breakdown of Factors Affecting the Change | Net Sales Standalone, existing stores and other 2,420 / Standalone, stores opened during the fiscal year 2,137 / Standalone, closed stores -594 / Standalone and other 74 / Subsidiaries 2,353 / Operating profit Standalone, existing stores and other 789 / Standalone, stores opened during the fiscal year -115 / Standalone, closed stores -157 / Standalone and other -470 / Subsidiaries 695 |
| Key KPIs | Indicator name Year-on-year sales growth at standalone existing stores / Value 104.6 % / Year on year against the same period last year Down 3.3 percentage points from 107.9% for the cumulative period of the previous fiscal year, Indicator name Standalone same-store gross profit margin / Value 64.3 % / Year on year against the same period last year +0.4 percentage points, Indicator name Consolidated e-commerce sales ratio / Value 15.7 % / Year on year against the same period last year +1.2 percentage points, Indicator name Year-on-year consolidated purchases / Value 115.5 % / Year on year against the same period last year Down 5.7 percentage points from 121.2% for the cumulative period of the previous fiscal year, Indicator name New stores opened during the fiscal year / Value 32 stores / Year on year against the same period last year Up 8 stores from 24 stores in the previous fiscal year, Indicator name Tax-free sales ratio / Value 10.7 % / Year on year against the same period last year +0.8 percentage points, Indicator name App members / Value 291 10,000 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Standalone existing stores Number of sales 104.8 % (year on year) / Selling price 99.8 % (year on year) |
| Number of stores and locations | Number at period-end Not disclosed / Stores opened during the period 32 / Stores closed during the period 4 |
| Number of employees | Number of Employees 1,168 employees (full-time employees only, as of the end of February 2026) / Changes during the period and hiring plan 132 new employees joined the company in April 2025. The sustainability basic data reports total hiring of 233 people for the fiscal year ended February 2025 |
| Assumptions Underlying the Business Outlook | Sales growth at standalone existing stores YoY102% / Consolidated gross profit margin 59.6% / Consolidated SG&A expense ratio 50.3% / Number of new stores 30–35 stores annually / Increase in mail-in and in-home purchases Approximately 5–15% |
| Medium-term management plan targets | Target fiscal year Fiscal year ending February 2029 / Net Sales ¥71.0 billion / Operating profit ¥6.38 billion / Annual store openings 35–40 stores / Operating profit margin 9.0% / Dividend per share ¥55.0 per share / Payout ratio 30.0% |
| Financial targets | ROE Actual results 27.4% (fiscal year ended February 2026) / ROIC Actual results 18.3% (fiscal year ended February 2026) / Cost of shareholders’ equity Approximately 4.6% / WACC Approximately 4.1% / Financial targets Not disclosed |
| Annual Dividend | Fiscal year ended February 2026 Annual ¥40 / Interim ¥19 / End of period Forecast: ¥21 / FY2027/2 forecast Annual ¥44 / Interim ¥22 / End of period ¥22 |
| Payout ratio | Fiscal year ended February 2026 29.6% / FY2027/2 forecast 30.4% / Policy The near-term target payout ratio is at least 30% |
| Acquisition of treasury shares | Planned as appropriate depending on share price and cash on hand. The amount, number of shares and period of the acquisition program are not disclosed |
| New initiatives | Launch of トレファクアニメラボ, a new format specializing in anime merchandise, Acquisition of the business operating an unmanned rental dress service, Establishment of the specialized Appraisal DX and Authenticity Verification Office in March 2026, Launch of an AI project spanning the technology organizations of group companies, Introduction of an Executive Officer System, Plan to open the first store in the United States during the fiscal year ending February 2027 |
Items this document does not state (6)
Segment resultsRisk amount incorporated into the outlookCapital 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 revenue at existing stores and stores opened in the previous fiscal year, new store openings, and strong performance by subsidiaries such as カインドオル lifted revenue and profit. In addition, the gross profit margin improved as a result of price controls for winter merchandise inventory, changes to the purchase coupon program, and greater precision in selling-price controls.
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.