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
338772
Thousand yen (decrease in consolidated net sales from the previous year)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFY2026/08 Second Quarter (Interim Period)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,387,503 thousand-7.2%
Operating profit¥4,459 thousand
Ordinary income¥-16,885 thousand
Net income¥-36,076 thousand
Gross Profit Margin41.7 %
Operating profit margin0.1 %
Selling, general and administrative expenses¥1,826,113 thousand
Full-year earnings forecast
Net Sales
¥8,481 million
Gross profit
¥3,650 million
Operating profit
¥30 million
Gross Profit Margin
43 %
SG&A expenses
¥3,607 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although results fell short in the first half, the initial plan remains unchangedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Decrease in consolidated net sales¥-338,772 thousand
- Decrease in consolidated gross profit¥-61,128 thousand
- Decrease in SG&A expenses¥147,505 thousand
- Improvement in operating income¥86,377 thousand
- Extraordinary Income¥4,860 thousand
- Decrease in extraordinary losses¥27,037 thousand
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The presentation describes external factors including a weaker yen, rising prices, higher gold prices and expansion of the reuse market, but the numerical assumptions underlying the full-year forecasts are not disclosedNew initiatives
- MEGURU Project, which will fully launch the purchasing business
- Training in purchasing expertise through a business partnership with Clarisse
- Enhancement of customer services combining repairs, maintenance and purchasing
- Launch of limited-edition products and additional items from AbHeri
- Launch of No.'s two-digit numbered jewelry item “18”
- Expansion of JUNGOLD's e-commerce sales
- Made-to-order sales of JUNGOLD products for corporate customers
Key KPIsA metric the company considers important as a management benchmark.
- Number of stores handling vintage products54 Location
- Existing-store revenueMonthly trend providedYear on year against the same period last yearProvided by month
- Average selling price of bullion jewelry116.5 Year-on-year change at existing stores %
- Number of bullion jewelry items sold106.4 Year-on-year change at existing stores %
- Number of vintage products sold5,090.6 Year-on-year change at existing stores %
- Number of No. events held6 times
- No. wholesale customers2 companies for regular product lines and 5 companies for event planning
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average selling price of bullion jewelry116.5 % year on year
- Number of bullion jewelry items sold106.4 % year on year
- Same-store spend per customerProvided by month
- Same-store customer trafficProvided by month
Segment results
- ハピネスアンドディ (non-consolidated)
- AbHeri (non-consolidated)Net Sales¥206 million (YoY +12.6%)Operating profit¥-6 million
- No. (Number Dot) (non-consolidated)Net Sales¥15 million (YoY +87.5%)Operating profit¥-18 million
Market Size / Share
Reuse market size
2024¥3.5 trillion
2030¥4.6 trillion
Rate of increase32% increase
Number of stores and locations
Number of Stores at Period-End60 Location
Stores closed during the period3 store closures (subject to impairment losses in the overview of consolidated results)
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | FY2026/08 Second Quarter (Interim Period) |
| Net Sales | ¥4,387,503 thousand (YoY -7.2%) |
| Operating profit | ¥4,459 thousand |
| Ordinary income | ¥-16,885 thousand |
| Net income | ¥-36,076 thousand |
| Gross Profit Margin | 41.7 % |
| Operating profit margin | 0.1 % |
| Selling, general and administrative expenses | ¥1,826,113 thousand |
| Full-year earnings forecast | Net Sales ¥8,481 million / Gross profit ¥3,650 million / Operating profit ¥30 million / Gross Profit Margin 43 % / SG&A expenses ¥3,607 million |
| Self-assessment against the plan | Although results fell short in the first half, the initial plan remains unchanged |
| Segment results | Segment ハピネスアンドディ (non-consolidated) / Net Sales Not disclosed / Profit Not disclosed, Segment AbHeri (non-consolidated) / Net Sales ¥206 million (YoY +12.6%) / Operating profit ¥-6 million, Segment No. (Number Dot) (non-consolidated) / Net Sales ¥15 million (YoY +87.5%) / Operating profit ¥-18 million |
| Breakdown of Factors Affecting the Change | Factors Decrease in consolidated net sales / Amount ¥-338,772 thousand, Factors Decrease in consolidated gross profit / Amount ¥-61,128 thousand, Factors Decrease in SG&A expenses / Amount ¥147,505 thousand, Factors Improvement in operating income / Amount ¥86,377 thousand, Factors Extraordinary Income / Amount ¥4,860 thousand, Factors Decrease in extraordinary losses / Amount ¥27,037 thousand |
| Key KPIs | Indicator name Number of stores handling vintage products / Value 54 Location / Year on year against the same period last year Not disclosed, Indicator name Existing-store revenue / Value Monthly trend provided / Year on year against the same period last year Provided by month, Indicator name Average selling price of bullion jewelry / Value 116.5 Year-on-year change at existing stores (%) / Year on year against the same period last year Not disclosed, Indicator name Number of bullion jewelry items sold / Value 106.4 Year-on-year change at existing stores (%) / Year on year against the same period last year Not disclosed, Indicator name Number of vintage products sold / Value 5,090.6 Year-on-year change at existing stores (%) / Year on year against the same period last year Not disclosed, Indicator name Number of No. events held / Value 6 times / Year on year against the same period last year Not disclosed, Indicator name No. wholesale customers / Value 2 companies for regular product lines and 5 companies for event planning / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Average selling price of bullion jewelry / Value 116.5 % year on year, Indicator name Number of bullion jewelry items sold / Value 106.4 % year on year, Indicator name Same-store spend per customer / Value Provided by month, Indicator name Same-store customer traffic / Value Provided by month |
| Number of stores and locations | Number of Stores at Period-End 60 Location / Stores opened during the period Not disclosed / Stores closed during the period 3 store closures (subject to impairment losses in the overview of consolidated results) |
| Assumptions Underlying the Business Outlook | The presentation describes external factors including a weaker yen, rising prices, higher gold prices and expansion of the reuse market, but the numerical assumptions underlying the full-year forecasts are not disclosed |
| Market Size / Share | Reuse market size 2024 ¥3.5 trillion / 2030 ¥4.6 trillion / Rate of increase 32% increase |
| New initiatives | MEGURU Project, which will fully launch the purchasing business, Training in purchasing expertise through a business partnership with Clarisse, Enhancement of customer services combining repairs, maintenance and purchasing, Launch of limited-edition products and additional items from AbHeri, Launch of No.'s two-digit numbered jewelry item “18”, Expansion of JUNGOLD's e-commerce sales, Made-to-order sales of JUNGOLD products for corporate customers |
Items this document does not state (12)
Results for the three months of the current quarterProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Net sales declined due to soaring prices for overseas brands of general merchandise and a decrease in the number of stores. Meanwhile, the gross margin and operating income improved through the expansion of high-margin jewelry and private-label products, a reduction in watches, the introduction of reused products, and reductions in SG&A expenses, mainly from the effects of store closures and lower personnel expenses.
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.