Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
1508
Millions of yen (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ended February 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,330 million+19.3%
Operating profit¥507 million+20.1%
Ordinary income¥546 million+17.3%
Net income¥358 million+9.0%
Selling, general and administrative expenses¥4,335 million
Gross Profit Margin
Rate51.9%
Year on year against the same period last year▲0.9 percentage points
Operating profit margin
Rate5.43%
Year on year against the same period last year+0.03 percentage points
Full-year earnings forecast
Net Sales
¥10,012 million
Gross profit
¥5,316 million
Selling, general and administrative expenses
¥4,715 million
Operating profit
¥600 million
Ordinary income
¥610 million
Profit for the period
¥403 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesAcquisition of 良品買館, new store openings, and higher sales at existing stores
Selling, general and administrative expenses
Salaries and bonuses¥1,781 million
Rent¥776 million
Utilities expenses¥144 million
Supplies and other expenses¥148 million
Depreciation and amortization¥149 million
Advertising expenses¥63 million
Other¥1,275 million
New initiatives
- Preparation for overseas store openings in Southeast Asia
- Launch of cross-border e-commerce
- Full-scale operation of a new logistics hub and structural reform of logistics functions
- Renewal of the domestic e-commerce site
- Introduction of an Executive Officer System
- Opening of 古着買取王国 used-clothing stores
- Pilot of a high-gross-margin outlet format
Key KPIsA metric the company considers important as a management benchmark.
- Consecutive period of record-high existing-store sales48 Consecutive months
- Number of company-operated stores87 Stores total store count, including 7 franchise stores
- Reuse market size (2030 forecast)40,000 Hundreds of millions of yen
- Employment rate of people with disabilities2.54 %
Financial targets
Equity ratio
Actual value57.1%
Market Size / Share
Reuse market size
2030 forecast40,000 Hundreds of millions of yen
Number of stores and locations
Stores opened during the period7 工具 stores, 2 マイシュウサガール stores, and 2 KOV stores (including 1 additional opening)
Capital expenditures
¥352,307 thousand investment in store openings, relocations and renovations
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Net Sales | ¥9,330 million (YoY +19.3%) |
| Operating profit | ¥507 million (YoY +20.1%) |
| Ordinary income | ¥546 million (YoY +17.3%) |
| Net income | ¥358 million (YoY +9.0%) |
| Gross Profit Margin | Rate 51.9% / Year on year against the same period last year ▲0.9 percentage points |
| Operating profit margin | Rate 5.43% / Year on year against the same period last year +0.03 percentage points |
| Selling, general and administrative expenses | ¥4,335 million |
| Full-year earnings forecast | Net Sales ¥10,012 million / Gross profit ¥5,316 million / Selling, general and administrative expenses ¥4,715 million / Operating profit ¥600 million / Ordinary income ¥610 million / Profit for the period ¥403 million |
| Self-assessment against the plan | In line with plan |
| Breakdown of Factors Affecting the Change | Net Sales Acquisition of 良品買館, new store openings, and higher sales at existing stores / Selling, general and administrative expenses Salaries and bonuses ¥1,781 million / Rent ¥776 million / Utilities expenses ¥144 million / Supplies and other expenses ¥148 million / Depreciation and amortization ¥149 million / Advertising expenses ¥63 million / Other ¥1,275 million |
| Key KPIs | Indicator name Consecutive period of record-high existing-store sales / Value 48 Consecutive months / Year on year against the same period last year Not disclosed, Indicator name Number of company-operated stores / Value 87 Stores (total store count, including 7 franchise stores) / Year on year against the same period last year Not disclosed, Indicator name Reuse market size (2030 forecast) / Value 40,000 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Employment rate of people with disabilities / Value 2.54 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end Not disclosed / Stores opened during the period 7 工具 stores, 2 マイシュウサガール stores, and 2 KOV stores (including 1 additional opening) / Stores closed during the period Not disclosed |
| Financial targets | Equity ratio Actual value 57.1% / Target value Not disclosed |
| Capital expenditures | ¥352,307 thousand (investment in store openings, relocations and renovations) |
| Market Size / Share | Reuse market size 2030 forecast 40,000 Hundreds of millions of yen |
| New initiatives | Preparation for overseas store openings in Southeast Asia, Launch of cross-border e-commerce, Full-scale operation of a new logistics hub and structural reform of logistics functions, Renewal of the domestic e-commerce site, Introduction of an Executive Officer System, Opening of 古着買取王国 used-clothing stores, Pilot of a high-gross-margin outlet format |
Items this document does not state (13)
Results for the three months of the current quarterProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.The increase in revenue was driven by the acquisition of 良品買館, new store openings in line with the plan, and higher sales at existing stores. The increase in operating profit resulted from controlling selling, general and administrative expenses. The gross profit margin declined from the previous year because precious metals accounted for a larger proportion of sales.
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