Worth reading
45Recurring
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
26.8
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportThird quarter of the fiscal year ending October 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,852 million+26.8%
Operating profit¥170 million+59.2%
Ordinary income¥144 million+19.9%
Net income¥56 million-51.5%
Results for the three months of the current quarter
EC Marketing Business Revenue
¥4,086 million+21.5%
EC Marketing Business Segment Profit
¥25 million-53.6%
Product Planning-Related Business Revenue
¥2,152 million+168.5%
Product Planning-Related Business Segment Profit
¥76 million+29.3%
Full-year earnings forecast
Net Sales
¥18,600 million
Operating profit
¥250 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 Sales85.2%
Operating profit68.4%
Ordinary income60.4%
Net income31.2%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue increase
- Expansion of D2C product sales
- Strong sales of furniture, home appliances and household goods
- Rapid expansion of the China subsidiary's apparel-related business, including recovery wear
- Strong orders and deliveries at the Vietnam subsidiary
Factors Behind Lower Profit and Revenue
- Decline in orders for large projects due to the spread of AI
- ¥31 million in foreign exchange losses
- ¥18 million in interest expense
- ¥49 million business restructuring loss
- ¥32 million income taxes adjustment
New initiatives
- Absorption merger of トリプルダブル社 and フォージ社
- Rebuilding of カンナート's business centered on AI
- Expansion of the D2C business through an increase in manufacturing partners in Asia
- Launch of new products, including s!mplus spot coolers and portable monitors
- Test rollout of the EC marketing business for the Chinese domestic market
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative s!mplus units sold75 10,000 units
- Number of USP-owned EC site stores10 Location
- 91 e-commerce stores91 Location
- Annual sales of the USP business4 Approximately ¥100 million
Segment results
EC Marketing business
Net Sales
¥11,364 million+10.7%
Segment profit
¥150 million-25.7%
Product Planning-Related business
Net Sales
¥4,600 million+108.3%
Segment profit
¥248 million+81.0%
Medium-term management plan targets
Fiscal year ending October 2027
Net Sales
¥21,755 million
Operating profit
¥459 million
Market capitalization
¥10,000 million or more
Number of stores and locations
EC Store Count91
USP Store Count10
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Third quarter of the fiscal year ending October 2026 |
| Net Sales | ¥15,852 million (YoY +26.8%) |
| Operating profit | ¥170 million (YoY +59.2%) |
| Ordinary income | ¥144 million (YoY +19.9%) |
| Net income | ¥56 million (YoY -51.5%) |
| Results for the three months of the current quarter | EC Marketing Business Revenue ¥4,086 million (YoY +21.5%) / EC Marketing Business Segment Profit ¥25 million (YoY -53.6%) / Product Planning-Related Business Revenue ¥2,152 million (YoY +168.5%) / Product Planning-Related Business Segment Profit ¥76 million (YoY +29.3%) |
| Full-year earnings forecast | Net Sales ¥18,600 million / Operating profit ¥250 million / Ordinary income Not disclosed / Net income Not disclosed |
| Progress against full-year forecast | Net Sales 85.2% / Operating profit 68.4% / Ordinary income 60.4% / Net income 31.2% |
| Segment results | EC Marketing business Net Sales ¥11,364 million (YoY +10.7%) / Segment profit ¥150 million (YoY -25.7%) / Product Planning-Related business Net Sales ¥4,600 million (YoY +108.3%) / Segment profit ¥248 million (YoY +81.0%) |
| Breakdown of Factors Affecting the Change | Revenue increase Expansion of D2C product sales, Strong sales of furniture, home appliances and household goods, Rapid expansion of the China subsidiary's apparel-related business, including recovery wear, Strong orders and deliveries at the Vietnam subsidiary / Factors Behind Lower Profit and Revenue Decline in orders for large projects due to the spread of AI, ¥31 million in foreign exchange losses, ¥18 million in interest expense, ¥49 million business restructuring loss, ¥32 million income taxes adjustment |
| Key KPIs | Cumulative s!mplus units sold 75 10,000 units, Number of USP-owned EC site stores 10 Location, 91 e-commerce stores 91 Location, Annual sales of the USP business 4 Approximately ¥100 million |
| Number of stores and locations | EC Store Count 91 / USP Store Count 10 / Number of store openings and closures during the period Not disclosed |
| Medium-term management plan targets | Fiscal year ending October 2027 Net Sales ¥21,755 million / Operating profit ¥459 million / Market capitalization ¥10,000 million or more |
| New initiatives | Absorption merger of トリプルダブル社 and フォージ社, Rebuilding of カンナート's business centered on AI, Expansion of the D2C business through an increase in manufacturing partners in Asia, Launch of new products, including s!mplus spot coolers and portable monitors, Test rollout of the EC marketing business for the Chinese domestic market |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial 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.Sales of D2C products remained firm in the e-commerce marketing business, while the China subsidiary's apparel-related business and the Vietnam subsidiary performed well in the product planning-related business. One-off factors, including a ¥49 million business restructuring loss at カンナート and a ¥32 million income taxes adjustment related to the reversal of deferred tax assets, reduced net income.
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