Worth reading
27Immaterial
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
7
Percentage points (proportion of app and LINE members: 24% in 2024 to 31% in 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedWhat happened to the previous planUnprofitable stores: 88 to 54; jewelry gross profit mix: 36% to 48%; watch inventory: ¥700 million to ¥300 million; vintage gross profit mix: 0% to 11%
Key initiatives
01Small-store strategy (challenge of a multi-format approach)
02NEW & VINTAGE strategy
03Circular strategy (purchases and reuse)
04B to F strategy
05Introducing management based on corporate philosophy
06Human capital management
07Lifetime customers
Plan assumptionsPopulation decline, Economic conditions surrounding the Company's future business areas, Market trend
Non-financial targetsIndicator name Vintage BUY & SELL stores / Target value Expand to 30 stores / Timing Not disclosed, Indicator name Proportion of app and LINE members / Target value 31％ / Timing 2026 (24% in 2024 to 31% in 2026)
Risks identified by the company
Economic conditions surrounding the Company's future business areas
Market trend
The possibility that actual results and other outcomes may differ from the Company's forecasts
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Policy (Medium-Term Management Vision) |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator name Vintage BUY & SELL stores / Target value Expand to 30 stores / Timing Not disclosed, Indicator name Proportion of app and LINE members / Target value 31％ / Timing 2026 (24% in 2024 to 31% in 2026) |
| Plan assumptions | Population decline, Economic conditions surrounding the Company's future business areas, Market trend |
| Key initiatives | Small-store strategy (challenge of a multi-format approach), NEW & VINTAGE strategy, Circular strategy (purchases and reuse), B to F strategy, Introducing management based on corporate philosophy, Human capital management, Lifetime customers |
| Results under the previous plan | Unprofitable stores: 88 to 54; jewelry gross profit mix: 36% to 48%; watch inventory: ¥700 million to ¥300 million; vintage gross profit mix: 0% to 11% |
| Risks identified | Economic conditions surrounding the Company's future business areas, Market trend, The possibility that actual results and other outcomes may differ from the Company's forecasts |
| Date of board resolution | 18 August 2026 |
| Publication date | 18 August 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalSize of the Target Market
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.The Company states that, against a backdrop of population decline, it needs to continue opening and relocating stores in a range of areas, including urban centers, commercial districts and areas around train stations. It also aims to deepen relationships with customers through an integrated business spanning sales, repairs, purchases and information services, thereby achieving sustainable profit growth and enhancing corporate value.
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.