Worth reading
43Recurring
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
64
Millions of yen (amount of improvement in operating loss)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst half of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,446 Millions of yen-20.0%
Operating profit-83 Millions of yen
Net income-118 Millions of yen
Gross Profit Margin55.2 %
Operating profit margin-5.8 %
Selling, general and administrative expenses891 Millions of yen
Full-year earnings forecast
Revenue
3,400 Millions of yen
Operating loss
-30 Millions of yen
Profit before tax
-107 Millions of yen
Loss for the period
-107 Millions of yen
Profit attributable to owners of the parent
-107 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue
Temporary suspension of the toy business; optimization of unprofitable channels-361 Millions of yen
Gross Profit Margin
Reduction of excess inventory; stronger full-price sales9.3 Points
Selling, general and administrative expenses
-87 Millions of yen
Operating loss
Improvement in the gross profit margin; reduction in selling, general and administrative expenses64 Millions of yen
New initiatives
- Expansion of stores, cross-border e-commerce, and live commerce in the Chinese market
- Expansion of television sales channels for NARACAMICIE using QVC
- Expansion into the fine jewelry sector
- Investment in AI demand forecasting, core system renewal, and logistics optimization
- Fundraising Through the 12th Series of Stock Acquisition Rights
Key KPIsA metric the company considers important as a management benchmark.
- Gross profit margin55.2 %Year on year against the same period last year+9.3 percentage points
- Inventories628 Millions of yen
- Cash flows from operating activities-109 Millions of yenYear on year against the same period last year+¥138 million year on year
Segment results
Apparel Business
Revenue
1,095 Millions of yen-1.1%
Operating profit
0 Millions of yen
Jewelry business
Revenue
331 Millions of yen-5.4%
Operating profit
-26 Millions of yen
Toy business
Revenue
20 Millions of yen-94.8%
Operating profit
-15 Millions of yen
Adjustments
Revenue
0 Millions of yen
Operating profit
-40 Millions of yen
Medium-term management plan targets
Fiscal year ending March 2028Significant expansion overseas, establishment of the fine jewelry business, continued earnings improvement, and realization of the benefits of investment
Market Size / Share
Domestic jewelry market size
Bridal¥2,400 100 million
Fine¥7,800 100 million
Number of stores and locations
Number at period-end7 locations in total in China
Capital expenditures
50 Million yen original plan for investment in data and AI utilization and logistics enhancement systems
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First half of the fiscal year ending March 2027 |
| Net Sales | 1,446 Millions of yen (YoY -20.0%) |
| Operating profit | -83 Millions of yen |
| Net income | -118 Millions of yen |
| Gross Profit Margin | 55.2 % |
| Operating profit margin | -5.8 % |
| Selling, general and administrative expenses | 891 Millions of yen |
| Full-year earnings forecast | Revenue 3,400 Millions of yen / Operating loss -30 Millions of yen / Profit before tax -107 Millions of yen / Loss for the period -107 Millions of yen / Profit attributable to owners of the parent -107 Millions of yen |
| Segment results | Apparel Business Revenue 1,095 Millions of yen (YoY -1.1%) / Operating profit 0 Millions of yen / Jewelry business Revenue 331 Millions of yen (YoY -5.4%) / Operating profit -26 Millions of yen / Toy business Revenue 20 Millions of yen (YoY -94.8%) / Operating profit -15 Millions of yen / Adjustments Revenue 0 Millions of yen / Operating profit -40 Millions of yen |
| Breakdown of Factors Affecting the Change | Revenue Temporary suspension of the toy business; optimization of unprofitable channels -361 Millions of yen / Gross Profit Margin Reduction of excess inventory; stronger full-price sales 9.3 Points / Selling, general and administrative expenses -87 Millions of yen / Operating loss Improvement in the gross profit margin; reduction in selling, general and administrative expenses 64 Millions of yen |
| Key KPIs | Indicator name Gross profit margin / Value 55.2 % / Year on year against the same period last year +9.3 percentage points, Indicator name Inventories / Value 628 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Cash flows from operating activities / Value -109 Millions of yen / Year on year against the same period last year +¥138 million year on year |
| Number of stores and locations | Number at period-end 7 locations in total in China / Number of store openings and closures during the period Not disclosed |
| Medium-term management plan targets | Fiscal year ending March 2028 Significant expansion overseas, establishment of the fine jewelry business, continued earnings improvement, and realization of the benefits of investment |
| Capital expenditures | 50 Million yen (original plan for investment in data and AI utilization and logistics enhancement systems) |
| Market Size / Share | Domestic jewelry market size Bridal ¥2,400 100 million / Fine ¥7,800 100 million |
| New initiatives | Expansion of stores, cross-border e-commerce, and live commerce in the Chinese market, Expansion of television sales channels for NARACAMICIE using QVC, Expansion into the fine jewelry sector, Investment in AI demand forecasting, core system renewal, and logistics optimization, Fundraising Through the 12th Series of Stock Acquisition Rights |
Items this document does not state (14)
Ordinary incomeResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial 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 company explained that, while revenue declined due to the temporary suspension of the toy business and the optimization of unprofitable channels, profitability improved through reductions in excess inventory, stronger full-price sales, a higher proportion of current-season products sold, and reductions in fixed costs and selling, general and administrative expenses.
How to read this page
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