Worth reading
52Recurring
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
28.2
Year-on-year decline in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year21 February 2025–20 February 2026Non-consolidated (standalone)Japanese GAAPNet Sales81,374¥ millionYear on year -0.3%Progress 94.3%
Operating profit3,937¥ millionYear on year -28.2%Progress 91.6%
Ordinary income4,169¥ millionYear on year -25.9%Progress 93.9%
Net income attributable to owners of the parent2,268¥ millionYear on year -36.2%Progress 83.1%
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 share¥87.12
Operating Margin4.8％
Financial position at period-end
Total assets56,077¥ million
of which net assets 40,159 ¥ millionEquity ratio 71.6%vs. prior year-end -0.2pt
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+6,299
Investment-2,154
Financials-1,313
Net change+2,832
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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¥12,269 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥86,278 million (YoY +6.0%)
Operating profit¥4,300 million (YoY +9.2%)
Ordinary income¥4,440 million (YoY +6.5%)
Net income¥2,730 million (YoY +20.3%)
Annual Dividend Forecast¥50 per share → ¥50 per share（0.0%）
Payout ratio57.4％
Shareholder Return PolicyStable shareholder returns based on a dividend payout ratio of at least 35% and a DOE of 3.0% as guidelines
Factors Behind Changes in Business Performance
Consumers' tendency to economize amid rising prices, longer replacement cycles associated with the shift to higher-function products, declining demand for new bicycles, and bicycle unit sales across the overall market falling below expectations
Disclosure regarding the going concern assumption
No applicable matters.
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 No
Material subsequent eventsNo applicable matters.
Impairment loss¥480,369 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on disposal and sale of non-current assets ¥90,963 thousand, Impairment Losses ¥480,369 thousand, Losses from natural disasters ¥41,519 thousand, Loss on liquidation of an affiliated company ¥39,053 thousand
Depreciation and amortization¥1,848,438 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End26,240,800 Shares
Treasury Shares at Period-End198,881 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 21 February 2025–20 February 2026 |
| Net Sales | ¥81,374 million (YoY -0.3%) |
| Operating profit | ¥3,937 million (YoY -28.2%) |
| Ordinary income | ¥4,169 million (YoY -25.9%) |
| Profit attributable to owners of the parent | ¥2,268 million (YoY -36.2%) |
| Net income per share | ¥87.12 |
| Operating Margin | 4.8％ |
| Equity ratio | End of the current fiscal period 71.6 / End of previous period 71.8 |
| Total assets | ¥56,077 million |
| Net assets | ¥40,159 million |
| Cash flows from operating activities | ¥6,299 million |
| Cash flows from investing activities | ¥-2,154 million |
| Cash flows from financing activities | ¥-1,313 million |
| Cash and cash equivalents at end of period | ¥12,269 million |
| Full-year earnings forecast | Net Sales ¥86,278 million (YoY +6.0%) / Operating profit ¥4,300 million (YoY +9.2%) / Ordinary income ¥4,440 million (YoY +6.5%) / Net income ¥2,730 million (YoY +20.3%) |
| Annual Dividend Forecast | ¥50 per share → ¥50 per share（0.0%） |
| Payout ratio | 57.4％ |
| Shareholder Return Policy | Stable shareholder returns based on a dividend payout ratio of at least 35% and a DOE of 3.0% as guidelines |
| Depreciation and amortization | ¥1,848,438 thousand |
| Impairment loss | ¥480,369 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on disposal and sale of non-current assets ¥90,963 thousand, Impairment Losses ¥480,369 thousand, Losses from natural disasters ¥41,519 thousand, Loss on liquidation of an affiliated company ¥39,053 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 26,240,800 Shares |
| Treasury Shares at Period-End | 198,881 Shares |
| Factors Behind Changes in Business Performance | Consumers' tendency to economize amid rising prices, longer replacement cycles associated with the shift to higher-function products, declining demand for new bicycles, and bicycle unit sales across the overall market falling below expectations |
Items this document does not state (6)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlogChanges in the scope of consolidation
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 cited consumers' tendency to economize amid rising prices, longer replacement cycles associated with the shift to higher-function products, declining demand for new bicycles, and bicycle unit sales across the overall market falling below expectations.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.