Komori
Earnings3185DREAM VISION CO.,LTD.Retail

First-Quarter Financial Results for the Fiscal Year Ending March 2027 [IFRS] (Consolidated)

In the first quarter, revenue decreased 20.4% year on year to ¥716 million, while the operating loss narrowed from ¥62 million to ¥51 million and the quarterly loss attributable to owners of the parent narrowed from ¥79 million to ¥69 million. However, the Company continued to report a loss and negative net assets, resulting in total equity of negative ¥47 million.

Worth reading
57In focus
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
20.4
% (year-on-year decrease in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedIFRS
Net Sales716¥ millionYear on year -20.4%Progress 21.1%
Operating profit-51¥ million
Ordinary income-70¥ million
Net income attributable to owners of the parent-69¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per shareNegative ¥3.80
Financial position at period-end
Total assets1,852¥ million
of which net assets -47 ¥ millionEquity ratio -2.6%vs. prior year-end -3.6pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-112,807
Investment-10,343
Financials-20,078
Net change-143,228

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥488,796 thousand
Segment revenue
Apparel Business549,38276.7%-3.6%
Jewelry business162,11422.6%-5.1%
Other5,1420.7%-97.1%
Segment profit
Apparel Business-958
Jewelry business-22,093
Other-9,183
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥3,400 million (YoY -3.8%)
Operating profit¥-30 million
Ordinary income¥-107 million
Net income¥-107 million
Revision to Earnings ForecastNet Sales 3,400 / Operating profit -30 / Ordinary income -107 / Net income -107 → Net Sales 3,400 / Operating profit -30 / Ordinary income -107 / Net income -107(No revision)
Annual Dividend Forecast¥0 → ¥0(0.0%)
Factors Behind Changes in Business Performance

Revenue declined due to consumers' preference for saving, cautious purchasing behavior and a lack of growth in the number of store visit reservations. Earnings improved through the streamlining of unprofitable stores, optimization of staffing levels, review of selling, general and administrative expenses, and sales initiatives in China that integrated social media, e-commerce, live commerce and physical stores.

Disclosure regarding the going concern assumption

Disclosure of material events or conditions: Material events or conditions that raise substantial doubt have arisen due to the recording of operating and quarterly losses and negative net assets, but the Company has determined that no material uncertainty exists. There are no applicable notes regarding the going concern assumption.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsAs restricted stock compensation, the Company issued 26,400 common shares on 17 July 2026, and payment was completed. The total issue amount was ¥3,907,200.
Impairment loss¥2,430 thousand
Depreciation and amortization¥12,274 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End18,366,100
Treasury Shares at Period-End76
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥716 million (YoY -20.4%)
Operating profit¥-51 million
Ordinary income¥-70 million
Profit attributable to owners of the parent¥-69 million
Net income per shareNegative ¥3.80
Equity ratioEnd of the current fiscal period -2.6 / End of previous period 1
Total assets¥1,852 million
Net assets¥-47 million
Cash flows from operating activities¥-112,807 thousand
Cash flows from investing activities¥-10,343 thousand
Cash flows from financing activities¥-20,078 thousand
Cash and cash equivalents at end of period¥488,796 thousand
Full-year earnings forecastNet Sales ¥3,400 million (YoY -3.8%) / Operating profit ¥-30 million / Ordinary income ¥-107 million / Net income ¥-107 million
Revision to Earnings ForecastNet Sales 3,400 / Operating profit -30 / Ordinary income -107 / Net income -107 → Net Sales 3,400 / Operating profit -30 / Ordinary income -107 / Net income -107(No revision)
Annual Dividend Forecast¥0 → ¥0(0.0%)
Segment revenueApparel Business ¥549,382 thousand (YoY -3.6%) / Jewelry business ¥162,114 thousand (YoY -5.1%) / Other ¥5,142 thousand (YoY -97.1%)
Segment profitApparel Business ¥-958 thousand / Jewelry business ¥-22,093 thousand / Other ¥-9,183 thousand
Depreciation and amortization¥12,274 thousand
Impairment loss¥2,430 thousand
Disclosure regarding the going concern assumptionDisclosure of material events or conditions: Material events or conditions that raise substantial doubt have arisen due to the recording of operating and quarterly losses and negative net assets, but the Company has determined that no material uncertainty exists. There are no applicable notes regarding the going concern assumption.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsAs restricted stock compensation, the Company issued 26,400 common shares on 17 July 2026, and payment was completed. The total issue amount was ¥3,907,200.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End18,366,100
Treasury Shares at Period-End76
Factors Behind Changes in Business PerformanceRevenue declined due to consumers' preference for saving, cautious purchasing behavior and a lack of growth in the number of store visit reservations. Earnings improved through the streamlining of unprofitable stores, optimization of staffing levels, review of selling, general and administrative expenses, and sales initiatives in China that integrated social media, e-commerce, live commerce and physical stores.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogBreakdown of extraordinary income (loss)

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.

Revenue declined due to consumers' preference for saving, cautious purchasing behavior and a lack of growth in the number of store visit reservations. Meanwhile, the streamlining of unprofitable stores, optimization of staffing levels, review of selling, general and administrative expenses, and sales initiatives in the China business contributed to improved earnings.

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First-Quarter Financial Results for the Fiscal Year Ending March 2027 [IFRS] (Consolidated) | DREAM VISION CO.,LTD. (3185) timely disclosure | Komori