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Presentation materials on financial results3187miratap inc.Retail

Financial Results Presentation for the Third Quarter of the Fiscal Year Ending September 2026

In the third quarter of the fiscal year ending September 2026, revenue, operating income and ordinary income increased year on year, while quarterly revenue for Q3 alone reached a record high. Gross margin declined, however, and progress against the full-year revenue plan was slightly below target, so the full-year forecasts were left unchanged.

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Contents of this document

Presentation materials on financial resultsQ3 FY202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,888 million+3.4%
Operating profit¥267 million
Ordinary income¥232 million
Net income¥233 million
Selling, general and administrative expenses¥4,172 million
Gross Profit Margin37.3%, down 0.6 percentage points year on year
Operating profit margin2.2%, compared with -1.2% in the previous year
Results for the three months of the current quarterRevenue of ¥4,063 million. Quarterly revenue for Q3 alone reached a record high.
Full-year earnings forecast
Net Sales
¥17,035 million
Gross profit
¥6,430 million
Operating profit
¥352 million
Ordinary income
¥324 million
Quarterly net income
¥227 million
Quarterly earnings per share
¥12.53
EBITDA
¥591 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。
Net Sales69.8%
Gross profit69.0%
Operating profit75.7%
Ordinary income71.5%
Quarterly net income102.8%
Quarterly earnings per share103.1%
EBITDA73.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing slightly below plan, making achievement of the full-year plan challenging. Operating income, on the other hand, is broadly in line with plan.
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
  1. Revenue is slightly below plan, making achievement of the full-year target challenging, while operating income is broadly in line with plan
  2. The operating income progress rate was flat due to concentrated spending on advertising and showroom renovations
  3. Quarterly net income has exceeded the full-year plan, but the full-year forecasts were left unchanged in light of Q4 expenses and business conditions
  4. The decline in gross margin was attributable to higher product costs and lower direct-shipped sales
  5. The impact of the situation in the Middle East on supply and lead times is limited at present, but could become significant if the situation is prolonged
  6. The company is reviewing its disclosure of website traffic and will use social media follower numbers as a key KPI
  7. The sale of a consolidated subsidiary resulted in a transition to non-consolidated accounting, with a positive impact on profit levels
  8. The dividend forecast is undecided, and the company intends to work to return profits to shareholders
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross profit due to higher sales+¥149 million
  • Decrease due to the decline in gross margin-¥62 million
  • Advertising expenses+¥40 million
  • Warehouse expenses+¥56 million
  • Temporary expenses associated with the head office relocation+0?
  • Personnel expenses-¥31 million
  • Rent and other expenses-¥21 million
  • Depreciation-¥22 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook takes into account spending in Q4, current business conditions, and the potential impact of raw material prices and logistics. Numerical assumptions were not disclosed
New initiatives
  • Launch of the company's first original home appliance, the Inviera built-in refrigerator
  • Launch of the full-ceramic kitchen, Geora
  • Launch of new products, including the Basalti extra-large-format tile
  • Publication of the 2026 comprehensive catalog and launch of a dedicated website
  • AI employees begin customer service operations
  • Distribution of an earnings presentation video featuring an AI avatar
  • Provision of generative AI tools to all employees, introduction of the AI skills indicator mirAIs, and AI training for all employees
  • Holding of the ASOLIE Design Awards
Key KPIsA metric the company considers important as a management benchmark.
  • Key official social media followers and other metrics39.1 10,000 people
    Year on year against the same period last yearIncreased from 345,000 at the end of FY2025
  • Awareness among the general population18.4 %
    Year-on-year / period-on-period changeDown from 18.6% at the end of FY2025
  • Awareness among people considering home purchases or renovations6.9 %
    Year-on-year / period-on-period changeUp from 6.7% at the end of FY2025
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company explained that average order value and order frequency increased, but the figures are Not disclosed
Medium-term management plan targets
The company aims to achieve high growth during its period of accelerated growth from FY2025 onward, with planned FY2027 revenue of ¥17.0 billion
Market Size / Share
The presentation includes the size of the residential renovation market, new housing starts and growth-rate comparisons with competitors. Specific market size and market share figures were not disclosed
Number of stores and locations
Showrooms are located in Tokyo, Osaka, Sendai, Nagoya, Kyoto and Fukuoka, while smart showrooms are located in Sapporo and Yokohama. The number of openings and closures during the period was not disclosed
Number of employees
Number of Employees292 people
Change during the period+3 people from the end of the previous fiscal year (+1.04%)
Annual Dividend
The dividend forecast is undecided. The breakdown between the interim and year-end dividends was not disclosed
Contents of this document
ItemDetails
Document typePresentation materials on financial results
Fiscal Period CoveredQ3 FY2026
Net Sales¥11,888 million (YoY +3.4%)
Operating profit¥267 million
Ordinary income¥232 million
Net income¥233 million
Gross Profit Margin37.3%, down 0.6 percentage points year on year
Operating profit margin2.2%, compared with -1.2% in the previous year
Selling, general and administrative expenses¥4,172 million
Results for the three months of the current quarterRevenue of ¥4,063 million. Quarterly revenue for Q3 alone reached a record high.
Full-year earnings forecastNet Sales ¥17,035 million / Gross profit ¥6,430 million / Operating profit ¥352 million / Ordinary income ¥324 million / Quarterly net income ¥227 million / Quarterly earnings per share ¥12.53 / EBITDA ¥591 million
Progress against full-year forecastNet Sales 69.8% / Gross profit 69.0% / Operating profit 75.7% / Ordinary income 71.5% / Quarterly net income 102.8% / Quarterly earnings per share 103.1% / EBITDA 73.6%
Self-assessment against the planRevenue is progressing slightly below plan, making achievement of the full-year plan challenging. Operating income, on the other hand, is broadly in line with plan.
Breakdown of Factors Affecting the ChangeFactors Increase in gross profit due to higher sales / Amount +¥149 million, Factors Decrease due to the decline in gross margin / Amount -¥62 million, Factors Advertising expenses / Amount +¥40 million, Factors Warehouse expenses / Amount +¥56 million, Factors Temporary expenses associated with the head office relocation / Amount +0?, Factors Personnel expenses / Amount -¥31 million, Factors Rent and other expenses / Amount -¥21 million, Factors Depreciation / Amount -¥22 million
Key KPIsIndicator name Key official social media followers and other metrics / Value 39.1 10,000 people / Year on year against the same period last year Increased from 345,000 at the end of FY2025, Indicator name Awareness among the general population / Value 18.4 % / Year-on-year / period-on-period change Down from 18.6% at the end of FY2025, Indicator name Awareness among people considering home purchases or renovations / Value 6.9 % / Year-on-year / period-on-period change Up from 6.7% at the end of FY2025
Unit price and quantity metricsThe company explained that average order value and order frequency increased, but the figures are Not disclosed
Number of stores and locationsShowrooms are located in Tokyo, Osaka, Sendai, Nagoya, Kyoto and Fukuoka, while smart showrooms are located in Sapporo and Yokohama. The number of openings and closures during the period was not disclosed
Number of employeesNumber of Employees 292 people / Change during the period +3 people from the end of the previous fiscal year (+1.04%) / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookThe outlook takes into account spending in Q4, current business conditions, and the potential impact of raw material prices and logistics. Numerical assumptions were not disclosed
Medium-term management plan targetsThe company aims to achieve high growth during its period of accelerated growth from FY2025 onward, with planned FY2027 revenue of ¥17.0 billion
Annual DividendThe dividend forecast is undecided. The breakdown between the interim and year-end dividends was not disclosed
Market Size / ShareThe presentation includes the size of the residential renovation market, new housing starts and growth-rate comparisons with competitors. Specific market size and market share figures were not disclosed
Key points of the Q&ARevenue is slightly below plan, making achievement of the full-year target challenging, while operating income is broadly in line with plan, The operating income progress rate was flat due to concentrated spending on advertising and showroom renovations, Quarterly net income has exceeded the full-year plan, but the full-year forecasts were left unchanged in light of Q4 expenses and business conditions, The decline in gross margin was attributable to higher product costs and lower direct-shipped sales, The impact of the situation in the Middle East on supply and lead times is limited at present, but could become significant if the situation is prolonged, The company is reviewing its disclosure of website traffic and will use social media follower numbers as a key KPI, The sale of a consolidated subsidiary resulted in a transition to non-consolidated accounting, with a positive impact on profit levels, The dividend forecast is undecided, and the company intends to work to return profits to shareholders
New initiativesLaunch of the company's first original home appliance, the Inviera built-in refrigerator, Launch of the full-ceramic kitchen, Geora, Launch of new products, including the Basalti extra-large-format tile, Publication of the 2026 comprehensive catalog and launch of a dedicated website, AI employees begin customer service operations, Distribution of an earnings presentation video featuring an AI avatar, Provision of generative AI tools to all employees, introduction of the AI skills indicator mirAIs, and AI training for all employees, Holding of the ASOLIE Design Awards
Items this document does not state (7)
Segment resultsRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlog

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 benefited from higher average order values and order frequency, particularly among loyal customers, the launch of new products, and stronger social media and content initiatives. Operating income benefited from lower large-scale advertising expenses, warehouse relocation costs and head office relocation-related expenses incurred in the previous year, although personnel expenses, rent and depreciation increased. The decline in gross margin was attributed to higher product costs and a decrease in direct-shipped sales.

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Financial Results Presentation for the Third Quarter of the Fiscal Year Ending September 2026 | miratap inc. (3187) timely disclosure | Komori