Worth reading
53Recurring
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
859
Year-on-year decrease in operating profit (¥ millions)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥51,924 million-1.4%
Operating profit¥2,537 million-25.3%
Ordinary income¥2,491 million-26.0%
Net income¥1,685 million-16.6%
Gross Profit Margin18.8%
Operating profit margin4.9%
Selling, general and administrative expenses¥7,215 million
Results for the three months of the current quarter
Net Sales
¥14,015 million
Operating profit
¥750 million
Full-year earnings forecast
Net Sales
¥51,699 million
Gross profit
¥9,712 million
Selling, general and administrative expenses
¥7,226 million
Operating profit
¥2,486 million
Ordinary income
¥2,453 million
Net income
¥1,637 million
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。For the consolidated total versus plan: revenue 100.4%, operating profit 102.1%, ordinary profit 101.5%, and net profit 102.9%.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally in line with the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Total SG&A expenses¥760 million increase
- Freight costs¥397 million increase
- Other¥173 million increase
- Selling and Marketing Expenses¥155 million increase
- Personnel expenses¥157 million increase
- Outsourcing expenses (systems)¥-82 million
- Payment commissions¥-60 million
- Advertising expenses¥-3 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company refers to the impact of yen depreciation, tariffs, and the product supply environment, but the underlying assumptions are not disclosedNew initiatives
- Expansion of cross-border e-commerce
- Posting product introduction videos through the MapCamera SHOWCASE CHANNEL
- Expansion into the apparel market through Camera is Fashion
- Collaboration with Fukui Camera Service
- Strengthening GMT’s consignment sales model
- Use of AI-supported merchandising in the watch business
- Expansion of the Shuppin Point Program
- Core systems replacement
- Increasing reskilling allowances
- Signing and joining the United Nations Global Compact
Key KPIsA metric the company considers important as a management benchmark.
- Company-wide fourth-quarter revenue¥14,015 millionYear on year against the same period last yearRecord high
- Proportion from the company’s own website85.7 %Year on year against the same period last yearDown 1.7% year on year
- Proportion of used products59 %Year on year against the same period last yearYear-on-year comparison not specified in the materials
- Members purchasing through the website2.8 10,000 peopleYear on year against the same period last yearYear-on-year comparison not specified in the materials
- Cumulative member registrations78.6 10,000 peopleYear on year against the same period last yearIncreased
- AI content recommendation deliveries2,053 ten thousand itemsYear on year against the same period last yearIncreased
- LINE deliveries33 timesYear on year against the same period last yearCompared with the first quarter of the fiscal year ended March 2023
Segment results
- Camera businessNet Sales40,734Revenue unit¥ millionYear-on-year change in revenue98.8%Operating profit4,172Profit unit¥ millionYear-on-year operating profit growth91.5%
- Clock BusinessNet Sales10,399Revenue unit¥ millionYear-on-year change in revenue102.4%Operating profit303Profit unit¥ millionYear-on-year operating profit growth69.1%
- Writing-instrument businessNet Sales479Revenue unit¥ millionYear-on-year change in revenue102.7%Operating profit71Profit unit¥ millionYear-on-year operating profit growth106.7%
- Bicycle businessNet Sales311Revenue unit¥ millionYear-on-year change in revenue39.1%Operating profit-49Profit unit¥ millionYear-on-year operating profit growthProfit declined from ¥19 million in the previous year
Number of employees
Number of Employees260 people
Breakdown172 men and 88 women
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥51,924 million (YoY -1.4%) |
| Operating profit | ¥2,537 million (YoY -25.3%) |
| Ordinary income | ¥2,491 million (YoY -26.0%) |
| Net income | ¥1,685 million (YoY -16.6%) |
| Gross Profit Margin | 18.8% |
| Operating profit margin | 4.9% |
| Selling, general and administrative expenses | ¥7,215 million |
| Results for the three months of the current quarter | Net Sales ¥14,015 million / Operating profit ¥750 million |
| Full-year earnings forecast | Net Sales ¥51,699 million / Gross profit ¥9,712 million / Selling, general and administrative expenses ¥7,226 million / Operating profit ¥2,486 million / Ordinary income ¥2,453 million / Net income ¥1,637 million |
| Progress against full-year forecast | For the consolidated total versus plan: revenue 100.4%, operating profit 102.1%, ordinary profit 101.5%, and net profit 102.9%. |
| Self-assessment against the plan | Generally in line with the plan |
| Segment results | Segment Camera business / Net Sales 40,734 / Revenue unit ¥ million / Year-on-year change in revenue 98.8% / Operating profit 4,172 / Profit unit ¥ million / Year-on-year operating profit growth 91.5%, Segment Clock Business / Net Sales 10,399 / Revenue unit ¥ million / Year-on-year change in revenue 102.4% / Operating profit 303 / Profit unit ¥ million / Year-on-year operating profit growth 69.1%, Segment Writing-instrument business / Net Sales 479 / Revenue unit ¥ million / Year-on-year change in revenue 102.7% / Operating profit 71 / Profit unit ¥ million / Year-on-year operating profit growth 106.7%, Segment Bicycle business / Net Sales 311 / Revenue unit ¥ million / Year-on-year change in revenue 39.1% / Operating profit -49 / Profit unit ¥ million / Year-on-year operating profit growth Profit declined from ¥19 million in the previous year |
| Breakdown of Factors Affecting the Change | Factors Total SG&A expenses / Amount ¥760 million increase, Factors Freight costs / Amount ¥397 million increase, Factors Other / Amount ¥173 million increase, Factors Selling and Marketing Expenses / Amount ¥155 million increase, Factors Personnel expenses / Amount ¥157 million increase, Factors Outsourcing expenses (systems) / Amount ¥-82 million, Factors Payment commissions / Amount ¥-60 million, Factors Advertising expenses / Amount ¥-3 million |
| Key KPIs | Indicator name Company-wide fourth-quarter revenue / Value ¥14,015 million / Year on year against the same period last year Record high, Indicator name Proportion from the company’s own website / Value 85.7 % / Year on year against the same period last year Down 1.7% year on year, Indicator name Proportion of used products / Value 59 % / Year on year against the same period last year Year-on-year comparison not specified in the materials, Indicator name Members purchasing through the website / Value 2.8 10,000 people / Year on year against the same period last year Year-on-year comparison not specified in the materials, Indicator name Cumulative member registrations / Value 78.6 10,000 people / Year on year against the same period last year Increased, Indicator name AI content recommendation deliveries / Value 2,053 ten thousand items / Year on year against the same period last year Increased, Indicator name LINE deliveries / Value 33 times / Year on year against the same period last year Compared with the first quarter of the fiscal year ended March 2023 |
| Number of employees | Number of Employees 260 people / Breakdown 172 men and 88 women |
| Assumptions Underlying the Business Outlook | The company refers to the impact of yen depreciation, tariffs, and the product supply environment, but the underlying assumptions are not disclosed |
| New initiatives | Expansion of cross-border e-commerce, Posting product introduction videos through the MapCamera SHOWCASE CHANNEL, Expansion into the apparel market through Camera is Fashion, Collaboration with Fukui Camera Service, Strengthening GMT’s consignment sales model, Use of AI-supported merchandising in the watch business, Expansion of the Shuppin Point Program, Core systems replacement, Increasing reskilling allowances, Signing and joining the United Nations Global Compact |
Items this document does not state (12)
Unit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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.SG&A expenses increased due to higher sales promotion expenses, employee base-pay increases, the holding of an extraordinary shareholders’ meeting, and changes in the classification of expenses associated with freight costs and changes in accounting standards. In the watch business, inventory declined as sales initiatives were strengthened, and store sales grew on strong inbound demand, while e-commerce sales were constrained by inventory allocation. In the bicycle business, the e-commerce site and stores were closed at the end of October 2025.
How to read this page
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