Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
The subscription delivery business reported lower revenue because the cumulative number of customers fell below initial expectations, while operating profit increased due to an improved gross profit margin resulting from the restructuring of the value chain, more cost-efficient advertising and direct mail, expanded distribution of customer-specific catalogs, and company-wide cost controls. The new businesses reported higher revenue due to an increase in the number of products handled and stronger sales, contracts for municipal childcare-support projects, and measures to increase visitor numbers at the Kobe Port Tower business.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥29,179 million (YoY -0.9%) |
| Operating profit | ¥215 million (YoY +204.9%) |
| Ordinary income | ¥468 million (YoY +106.2%) |
| Profit attributable to owners of the parent | ¥358 million (YoY +163.3%) |
| Net income per share | ¥50.38 |
| Operating Margin | 0.7％ |
| Equity ratio | End of the current fiscal period 70.1％ / End of previous period 66.7％ |
| Total assets | ¥28,053 million |
| Net assets | ¥19,651 million |
| Cash flows from operating activities | ¥830 million |
| Cash flows from investing activities | ¥2,110 million |
| Cash flows from financing activities | ¥-112 million |
| Cash and cash equivalents at end of period | ¥9,211 million |
| Full-year earnings forecast | Net Sales ¥30,265 million (YoY +3.7%) / Operating profit ¥237 million (YoY +10.4%) / Ordinary income ¥327 million (YoY -30.2%) / Profit attributable to owners of the parent ¥299 million (YoY -16.5%) |
| Annual Dividend Forecast | ¥20 → ¥25（+25.0%） |
| Payout ratio | Current fiscal year 39.7％ / Next-year forecast 59.4％ |
| Shareholder Return Policy | The policy is to gradually raise ROE toward a target level of 5.0% and, in principle, pay progressive dividends or maintain stable dividends at the current level. |
| Depreciation and amortization | ¥872 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Losses on disposal of fixed assets and other items ¥56 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Newly consolidated: 0 companies; excluded: 0 companies (company names: —) |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 9,543,500 Shares |
| Treasury Shares at Period-End | 2,420,914 Shares |
| Factors Behind Changes in Business Performance | The subscription delivery business reported lower revenue because the cumulative number of customers fell below initial expectations, while operating profit increased due to an improved gross profit margin resulting from the restructuring of the value chain, more cost-efficient advertising and direct mail, expanded distribution of customer-specific catalogs, and company-wide cost controls. The new businesses reported higher revenue due to an increase in the number of products handled and stronger sales, contracts for municipal childcare-support projects, and measures to increase visitor numbers at the Kobe Port Tower business. |
Items this document does not state (6)
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.In the subscription delivery business, revenue declined as the cumulative number of customers fell below expectations. However, operating profit increased due to an improved gross profit margin resulting from the restructuring of the value chain, more efficient advertising and direct-mail spending, expanded catalog distribution, and company-wide cost controls. In the new businesses, higher revenue was driven by an increase in the number of products handled and stronger sales, contracts for municipal projects, and measures to increase visitor numbers at the Kobe Port Tower business.