Revenue and Profit Growth

「During the current interim consolidated accounting period, revenue declined 2.5% to ¥90,224 million because the previous interim period benefited significantly from higher sales generated by opening an official store at the 2025 Osaka-Kansai Expo venue. Operating profit increased 8.1% to ¥3,070 million and ordinary profit increased 6.5% to ¥2,987 million, as the business portfolio transformation under the medium-term management plan progressed, each business performed steadily, including the library support business, and selling, general and administrative expenses declined because no costs related to the Expo venue official store were recorded in the current period. Profit attributable to owners of the parent declined 1.2% to ¥2,019 million, partly because the previous interim period included extraordinary gains such as gains on sales of investment securities.」

「During the current interim consolidated accounting period, revenue increased 8.8% year on year to ¥92,517 million, driven by strong sales at the 2025 Osaka-Kansai Expo Official Store in the store and online sales business and increased completions of large design and construction projects for educational and research facilities and libraries in the educational market sales business. Higher revenue increased gross profit, lifting operating profit 35.1% to ¥2,840 million and ordinary profit 35.9% to ¥2,805 million. In addition, recognition of a gain on sales of investment securities as an extraordinary gain resulted in interim profit attributable to owners of the parent increasing sharply by 65.7% to ¥2,044 million.」

「For the fiscal year, although sales of textbooks and other books declined in the educational market sales business, increased completions of large design and construction projects for educational and research facilities and libraries, together with steady performance in the library support business and comprehensive childcare services business, resulted in revenue increasing 1.6% to ¥165,557 million. Higher selling, general and administrative expenses due to rising personnel costs and prices caused operating profit and ordinary profit to decline 6.1% to ¥3,395 million and ¥3,454 million, respectively. However, mainly due to increased gains on sales of fixed assets recorded as extraordinary gains, profit attributable to owners of the parent increased sharply by 78.1% to ¥3,908 million.」

「During the six months ended the current interim period, the library support business and store and online sales business remained firm, but lower sales of textbooks and other books in the educational market sales business caused revenue to decline 0.03% to ¥84,919 million. Efforts to improve margins, mainly in the store and online sales business, were offset by higher selling, general and administrative expenses due to rising prices and personnel costs, resulting in operating profit declining 2.9% to ¥2,052 million and ordinary profit declining 3.3% to ¥2,064 million. Although extraordinary losses increased, extraordinary gains were recognized during the current interim period and tax expenses also declined, leaving interim profit attributable to owners of the parent broadly in line with the previous year, up 0.7% to ¥1,233 million.」

「During the three months ended the current first quarter, the store and online sales business and library support business remained firm, but lower sales of textbooks and other books in the educational market sales business caused revenue to decline 0.4% to ¥46,417 million. Operating profit declined 6.4% to ¥2,093 million and ordinary profit declined 6.2% to ¥2,101 million. However, due to the recognition of extraordinary gains and lower tax expenses, profit attributable to owners of the parent for the quarter increased 2.7% to ¥1,484 million.」

「Operating profit increased 15.6% to ¥3,617 million, ordinary profit increased 20.2% to ¥3,681 million, and profit attributable to owners of the parent increased 23.7% to ¥2,194 million, supported by growth in the library support business and efforts to strengthen earnings capacity through expansion of new-format stores for non-book products and improved operating efficiency in the store and online sales business.」

「During the nine months ended the current third quarter, the library support business grew, while sales of books, stationery and miscellaneous goods remained firm in the store and online sales business. In addition, efforts to expand new-format stores resulted in revenue of ¥123,069 million, up 0.4% year on year, operating profit of ¥2,167 million, up 13.3%, ordinary profit of ¥2,246 million, up 22.9%, and profit attributable to owners of the parent for the quarter of ¥1,258 million, up 21.3%.」

「During the six months ended the current second quarter, the library support business grew, while sales of books, stationery and miscellaneous goods remained firm in the store and online sales business. In addition, efforts to expand new-format stores resulted in revenue of ¥84,942 million, up 1.2% year on year, operating profit of ¥2,113 million, up 28.0%, ordinary profit of ¥2,136 million, up 33.9%, and profit attributable to owners of the parent for the quarter of ¥1,225 million, up 32.4%.」

「During the three months ended the current first quarter, revenue increased 1.3% to ¥46,605 million, operating profit increased 6.1% to ¥2,236 million, ordinary profit increased 7.8% to ¥2,240 million, and profit attributable to owners of the parent for the quarter increased 1.2% to ¥1,445 million, supported by the expansion of educational goods, the introduction of small stationery sections into book-only stores, efforts to expand new-format stores in the store and online sales business, and steady performance in the library support business.」

「For the fiscal year, revenue declined to ¥162,799 million from ¥174,355 million in the previous year due to fewer completions of large design and construction projects for educational and research facilities and libraries, lower sales of books and other products to universities and public libraries, and the impact of applying the revenue recognition accounting standard and other standards. In the store and online sales business, customer traffic did not return to pre-COVID levels even after restrictions on activities were eased, while infections continued to spread. Operating profit declined 23.4% to ¥3,129 million, ordinary profit declined 20.5% to ¥3,061 million, and profit attributable to owners of the parent declined 18.3% to ¥1,773 million, resulting in lower revenue and earnings.」

「During the nine months ended the current third quarter, revenue declined to ¥122,543 million from ¥131,738 million in the previous year due to fewer completions of large design and construction projects for educational and research facilities and libraries, lower sales of books and other products to universities and public libraries, and the impact of applying the revenue recognition accounting standard and other standards. In the store and online sales business, customer traffic had not returned to pre-COVID levels even after the lifting of priority preventive measures, while infections continued to spread. Operating profit declined 36.5% to ¥1,912 million, ordinary profit declined 34.5% to ¥1,827 million, and profit attributable to owners of the parent for the quarter declined 40.3% to ¥1,037 million, resulting in lower revenue and earnings.」

「During the three months ended the current first quarter, revenue declined to ¥46,005 million from ¥51,955 million in the previous year, due to fewer completions of large design and construction projects for educational and research facilities and libraries and the impact of applying the revenue recognition accounting standard and other standards. Operating profit declined 27.6% to ¥2,107 million, ordinary profit declined 25.8% to ¥2,077 million, and profit attributable to owners of the parent for the quarter declined 24.5% to ¥1,428 million, resulting in lower revenue and earnings.」

「For the fiscal year, demand for digital libraries for public libraries remained firm in the educational market sales business, while store closures, reduced operating hours and other measures to prevent the spread of COVID-19 were limited in the store and online sales business. As a result, revenue increased 1.6% to ¥174,355 million, operating profit increased 5.2% to ¥4,084 million, ordinary profit increased 3.8% to ¥3,853 million, and profit attributable to owners of the parent increased 3.8% to ¥2,171 million.」

「During the nine months ended the current third quarter, demand for digital libraries remained firm in the educational market sales business, while store closures, reduced operating hours and other measures to prevent the spread of COVID-19 were limited in the store and online sales business. As a result, revenue increased 3.0% to ¥131,738 million, operating profit increased 11.2% to ¥3,009 million, ordinary profit increased 7.9% to ¥2,788 million, and profit attributable to owners of the parent for the quarter increased 23.2% to ¥1,738 million.」

「During the six months ended the current second quarter, demand for digital libraries and book sterilization machines remained firm in the educational market sales business, completions of large design and construction projects for educational and research facilities and libraries increased, and responses such as store closures and reduced operating hours to prevent the spread of COVID-19 were limited in the store and online sales business. As a result, revenue increased 7.5% to ¥91,585 million, operating profit increased 59.6% to ¥2,781 million, ordinary profit increased 58.6% to ¥2,622 million, and profit attributable to owners of the parent for the quarter increased 542.3% to ¥1,642 million.」

「During the three months ended 30 June, demand for e-books, electronic libraries and book-sanitation machines in the education market sales business remained solid, and textbook sales, which had been postponed until May or later in the previous year, were conducted in March and April. In the stores and online sales business, store closures and shorter operating hours as COVID-19 countermeasures were limited during the quarter. As a result, revenue increased 16.4% year on year to ¥51,955 million, operating profit increased 109.3% to ¥2,908 million, ordinary profit increased 104.0% to ¥2,800 million, and quarterly net income attributable to owners of the parent increased 292.5% to ¥1,890 million.」

「For the fiscal year, revenue declined 2.6% to ¥171,621 million. However, expense reductions and the transfer of fixed costs related to temporarily closed stores to extraordinary losses reduced selling, general and administrative expenses, lifting operating profit 12.4% to ¥3,882 million, ordinary profit 12.5% to ¥3,710 million, and profit attributable to owners of the parent 0.7% to ¥2,091 million.」

「As a result, during the nine months ended the current third quarter, revenue declined sharply year on year in the store and online sales business, falling 4.1% to ¥127,848 million. Operating profit increased 15.6% to ¥2,706 million and ordinary profit increased 17.4% to ¥2,583 million, as expense reductions and the transfer of fixed costs related to temporarily closed stores to extraordinary losses reduced the amount recorded as selling, general and administrative expenses. However, higher tax expenses resulted in profit attributable to owners of the parent for the quarter declining 7.4% to ¥1,410 million.」

「As a result, during the six months ended the current second quarter, revenue declined sharply year on year in the store and online sales business and the educational market sales business, falling 6.3% to ¥85,221 million. Operating profit declined 13.7% to ¥1,742 million and ordinary profit declined 15.3% to ¥1,653 million due to the lower revenue. In addition, losses from temporary store closures and other items were recorded as extraordinary losses, resulting in profit attributable to owners of the parent for the quarter declining 82.2% to ¥255 million.」

「As a result, during the three months ended the current first quarter, revenue declined sharply year on year in the store and online sales business and the educational market sales business, falling 10.4% to ¥44,651 million. Earnings were also affected by the lower revenue, with operating profit declining 41.7% to ¥1,389 million, ordinary profit declining 41.8% to ¥1,372 million, and profit attributable to owners of the parent for the quarter declining 75.1% to ¥481 million.」

「Revenue declined 0.5% to ¥176,258 million. However, efforts to improve operating efficiency and reduce costs and selling, general and administrative expenses lifted operating profit 6.8% to ¥3,454 million and ordinary profit 5.9% to ¥3,299 million. Profit attributable to owners of the parent declined 14.3% to ¥2,077 million, partly because the previous year included extraordinary gains such as compensation received.」

「During the nine months ended the current third quarter, large projects involving new or expanded faculties at universities and educational institutions declined in the educational market sales business compared with the previous year, resulting in lower book sales and fewer equipment and construction projects. Revenue declined 1.1% to ¥133,297 million, operating profit declined 3.1% to ¥2,340 million, and ordinary profit declined 4.6% to ¥2,200 million. Profit attributable to owners of the parent for the quarter declined 16.8% to ¥1,523 million, partly because the previous year included extraordinary gains such as gains on sales of fixed assets.」

「During the six months ended the current second quarter, large projects involving new or expanded faculties at universities and educational institutions declined in the educational market sales business compared with the previous year, resulting in lower book sales and fewer equipment and construction projects. Revenue declined 2.3% to ¥90,915 million, while operating profit declined 13.1% to ¥2,017 million, ordinary profit declined 12.5% to ¥1,953 million, and profit attributable to owners of the parent for the quarter declined 18.2% to ¥1,433 million.」

「During the three months ended the current first quarter, revenue declined 3.9% year on year to ¥49,862 million due to a decrease in large design and construction projects for educational and research facilities, libraries and other sites. Earnings were also affected by the lower revenue, with operating profit declining 11.2% to ¥2,381 million, ordinary profit declining 10.7% to ¥2,359 million, and profit attributable to owners of the parent for the quarter declining 16.1% to ¥1,934 million.」

「During the nine months ended the current third quarter, revenue was broadly unchanged at ¥134,708 million, up 0.3% year on year. Improved gross margins lifted operating profit 36.2% to ¥2,382 million, ordinary profit 36.0% to ¥2,307 million, and profit attributable to owners of the parent for the quarter 70.4% to ¥1,830 million.」

「During the six months ended the current second quarter, revenue was broadly unchanged at ¥92,990 million, up 0.6% year on year. Improved gross margins lifted operating profit 27.3% to ¥2,300 million, ordinary profit 25.7% to ¥2,232 million, and profit attributable to owners of the parent for the quarter 32.5% to ¥1,751 million.」

「During the three months ended the current first quarter, revenue was broadly unchanged at ¥51,870 million, up 0.6% year on year. Improved gross margins lifted operating profit 14.3% to ¥2,670 million, ordinary profit 11.3% to ¥2,641 million, and profit attributable to owners of the parent for the quarter 17.8% to ¥2,305 million.」

「For the fiscal year, revenue was broadly unchanged at ¥178,349 million, down 0.03% year on year. However, efforts to reduce selling, general and administrative expenses lifted operating profit 13.2% to ¥2,301 million and ordinary profit 12.0% to ¥2,255 million. Impairment losses and other items were recorded as extraordinary losses, resulting in a net loss attributable to owners of the parent of ¥321 million, compared with net income of ¥539 million in the previous year.」

「During the nine months ended the current third quarter, revenue increased 0.8% year on year to ¥134,362 million, but gross profit declined 1.4% due to a lower gross margin. Despite efforts to reduce selling, general and administrative expenses, operating profit declined 3.4% to ¥1,748 million and ordinary profit declined 2.0% to ¥1,696 million. However, due in part to lower tax expenses, profit attributable to owners of the parent for the quarter increased 6.7% to ¥1,073 million.」

「During the six months ended the current second quarter, revenue was broadly unchanged at ¥92,409 million, up 0.3% year on year, while gross profit declined 2.0% due to a lower gross margin. Despite efforts to reduce selling, general and administrative expenses, operating profit declined 11.8% to ¥1,807 million, ordinary profit declined 14.5% to ¥1,775 million, and profit attributable to owners of the parent for the quarter declined 14.4% to ¥1,321 million.」

「During the three months ended the current first quarter, revenue increased 1.3% year on year to ¥51,581 million, but gross profit declined slightly, down 0.04%, due to a lower gross margin. However, efforts to reduce selling, general and administrative expenses resulted in operating profit of ¥2,335 million, up 6.1%, ordinary profit of ¥2,372 million, up 4.7%, and profit attributable to owners of the parent for the quarter of ¥1,958 million, up 6.0%.」

「For the fiscal year, revenue increased 1.9% year on year to ¥178,405 million. However, operating profit declined 7.8% to ¥2,032 million and ordinary profit declined 9.6% to ¥2,013 million, due to higher retirement benefit expenses after certain subsidiaries changed the method for calculating retirement benefit obligations from the simplified method to the prescribed method, as well as increases in other personnel expenses. In addition, impairment losses and other items were recorded as extraordinary losses, resulting in profit attributable to owners of the parent declining 47.4% to ¥539 million.」

「During the nine months ended the current third quarter, revenue was ¥133,300 million, up 0.9% year on year; operating profit was ¥1,810 million, up 3.1%; ordinary profit was ¥1,730 million, down 1.4%; and profit attributable to owners of the parent for the quarter was ¥1,006 million, up 9.4%. Revenue and earnings were therefore broadly in line with the previous year.」

「During the six months ended the current second quarter, the educational market sales business and library support business grew steadily. Revenue increased 2.0% year on year to ¥92,170 million, and selling, general and administrative expenses were also reduced. As a result, operating profit rose 25.8% to ¥2,049 million, ordinary profit rose 27.9% to ¥2,077 million, and profit attributable to owners of the parent for the quarter rose 52.4% to ¥1,544 million.」