Komori
Results3096OCEAN SYSTEM CORPORATIONRetail

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period, net sales increased 5.4% year on year and operating profit increased 7.0%, while interim net income attributable to owners of the parent declined 12.5%. The decline in interim net income was affected by extraordinary losses, including impairment losses and disaster-related losses.

Worth reading
44Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
12.5
% (year-on-year decrease in interim net income attributable to owners of the parent)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales49,902,031Thousand yenYear on year +5.4%
Operating profit1,076,117Thousand yenYear on year +7.0%
Ordinary income1,122,098Thousand yenYear on year +5.5%
Net income attributable to owners of the parent625,332Thousand yenYear on year -12.5%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.

Financial position at period-end
Total assets25,005,142Thousand yen
of which net assets 12,530,637 Thousand yenEquity ratio 50.1%

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。

Cash inflows and outflows
Operating+764,653
Investment-964,121
Financials-674,696
Net change-874,164

Stacked from zero: upward is an increase in cash, downward a decrease (in Thousand yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period3,466,595 Thousand yen
Segment revenue
Supermarket business13,98528.0%+2.5%
Gyomu Super business27,75655.6%+8.2%
Boxed Meals and Catering business5,36610.8%+0.2%
Food Ingredients Home Delivery business2,4314.9%+0.6%
Ryokan and Other businesses3610.7%+36.3%
Segment profit
Supermarket business396+0.9%
Gyomu Super business1,011+7.0%
Boxed Meals and Catering business156+6.2%
Food Ingredients Home Delivery business2+26.0%
Ryokan and Other businesses-44+42.0%
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance

While high prices, soaring fresh food prices, and rising costs such as logistics and labor costs continued, sales and profit were supported by sales, flyer advertising and promotional campaigns, the rollout of new products and business formats, more efficient store operations, an increase in new outsourcing clients, and an increase in the number of contracted facilities. Interim net income declined due to extraordinary losses, including an impairment loss of ¥56.842 million and disaster-related losses of ¥101.360 million.

Disclosure regarding the going concern assumption

Not applicable.

Impairment loss56,842 Thousand yen
Breakdown of extraordinary income (loss)Extraordinary income Compensation received 34,393 Thousand yen / Extraordinary loss Impairment loss 56,842 Thousand yen, Losses from disasters 101,360 Thousand yen, Loss on disposal of fixed assets 5,173 Thousand yen, Other 851 Thousand yen
Depreciation and amortization553,595 Thousand yen
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales49,902,031 Thousand yen (YoY +5.4%)
Operating profit1,076,117 Thousand yen (YoY +7.0%)
Ordinary income1,122,098 Thousand yen (YoY +5.5%)
Profit attributable to owners of the parent625,332 Thousand yen (YoY -12.5%)
Equity ratioEnd of the current fiscal period 50.1 / End of previous period Not disclosed
Total assets25,005,142 Thousand yen
Net assets12,530,637 Thousand yen
Cash flows from operating activities764,653 Thousand yen
Cash flows from investing activities-964,121 Thousand yen
Cash flows from financing activities-674,696 Thousand yen
Cash and cash equivalents at end of period3,466,595 Thousand yen
Revision to Earnings ForecastNo change
Segment revenueSegment Supermarket business / Net Sales ¥13,985 million / Year on year against the same period last year Up 2.5%, Segment Gyomu Super business / Net Sales ¥27,756 million / Year on year against the same period last year Up 8.2%, Segment Boxed Meals and Catering business / Net Sales ¥5,366 million / Year on year against the same period last year Up 0.2%, Segment Food Ingredients Home Delivery business / Net Sales ¥2,431 million / Year on year against the same period last year Up 0.6%, Segment Ryokan and Other businesses / Net Sales ¥361 million / Year on year against the same period last year Up 36.3%
Segment profitSegment Supermarket business / Segment profit ¥396 million / Year on year against the same period last year Up 0.9%, Segment Gyomu Super business / Segment profit ¥1,011 million / Year on year against the same period last year Up 7.0%, Segment Boxed Meals and Catering business / Segment profit ¥156 million / Year on year against the same period last year 6.2% increase, Segment Food Ingredients Home Delivery business / Segment profit ¥2 million / Year on year against the same period last year Profit increased (the segment recorded a loss of ¥26 million in the same period of the previous year), Segment Ryokan and Other businesses / Segment profit ¥-44 million / Year on year against the same period last year Profit decreased (the segment recorded a loss of ¥42 million in the same period of the previous year)
Depreciation and amortization553,595 Thousand yen
Impairment loss56,842 Thousand yen
Breakdown of extraordinary income (loss)Extraordinary income Compensation received 34,393 Thousand yen / Extraordinary loss Impairment loss 56,842 Thousand yen, Losses from disasters 101,360 Thousand yen, Loss on disposal of fixed assets 5,173 Thousand yen, Other 851 Thousand yen
Disclosure regarding the going concern assumptionNot applicable.
Factors Behind Changes in Business PerformanceWhile high prices, soaring fresh food prices, and rising costs such as logistics and labor costs continued, sales and profit were supported by sales, flyer advertising and promotional campaigns, the rollout of new products and business formats, more efficient store operations, an increase in new outsourcing clients, and an increase in the number of contracted facilities. Interim net income declined due to extraordinary losses, including an impairment loss of ¥56.842 million and disaster-related losses of ¥101.360 million.
Items this document does not state (15)
Net income per shareOperating MarginFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogChange in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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.

While high prices, soaring fresh food prices, and rising costs such as logistics and labor costs continued, the company worked on sales promotions, the rollout of new products and business formats, more efficient store operations, and increasing the number of contracted facilities and new outsourcing clients. Interim net income attributable to owners of the parent declined mainly because the company recorded an impairment loss of ¥56 million after reviewing the recoverability of fixed assets in its boxed-meal catering business, inn business, and other businesses.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | OCEAN SYSTEM CORPORATION (3096) timely disclosure | Komori