Worth reading
71In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
416
¥ million (quarterly revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending May 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥416 million+25.0%
Operating profit¥54 million-10.0%
Ordinary income¥56 million
Net income¥42 million-16.0%
Operating profit margin13 %
Results for the three months of the current quarterRevenue of ¥416 million, gross profit of ¥280 million, operating profit of ¥54 million and net profit of ¥42 million. All figures are for the first quarter alone.
Full-year earnings forecast
Net Sales
¥1,793 million
Operating profit
¥212 million
Operating profit margin
12 %
Ordinary income
¥199 million
Net income for the current fiscal year
¥137 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 Sales23%
Operating profit26%
Ordinary income29%
Net income for the current fiscal year31%
Gross profit23%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress broadly in line with expectations (generally in line with the initial plan)Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
The company explains that there is a page with responses to questions submitted in advance, but the responses are omitted from the main text and therefore not disclosedAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Revenue growth+20%
- Full-year operating profit margin12%
- Continued investment in existing business¥120 million
- Investment in new initiatives at the Taiwan operation¥110 million
New initiatives
- Addition of a cart-abandonment analysis feature to the shop dashboard
- Launch of WorldShopping BIZ Growth, an overseas advertising operations support service
- Launch of an automatic Instagram integration feature for Inbound Navi
- Implementation of WorldShopping BIZ OMO in Europe
- Preparation of analytical reports using AI, checks for unauthorized use, and more efficient warehouse staffing
Key KPIsA metric the company considers important as a management benchmark.
- Monthly active shops1,389 shopsYear on year against the same period last year+6%
- Customer count22,192 peopleYear on year against the same period last year+24%
- Gross merchandise value (GMV)¥1,893 millionYear on year against the same period last year+25%
- Overseas revenue ratio96 %
- Revenue growth rate CAGR23 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The structure of average order value per customer and the number of customers, as well as revenue per shop and the number of Active Shops, is shown, but the actual average order values are not disclosedMarket Size / Share
- Cross-border e-commerce market size$700 billion currently to $8 trillion in 2030
- Number of foreign visitors to Japan36.86 million in 2024, with a target of 60 million in 2030
- Traveler potentialApproximately 800 million
Number of stores and locations
The company refers to the full-scale operation of its Taiwan base and pop-up events in Europe, but the number of stores and bases at period-end and the number of store openings and closures are not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending May 2027 |
| Net Sales | ¥416 million (YoY +25.0%) |
| Operating profit | ¥54 million (YoY -10.0%) |
| Ordinary income | ¥56 million |
| Net income | ¥42 million (YoY -16.0%) |
| Operating profit margin | 13 % |
| Results for the three months of the current quarter | Revenue of ¥416 million, gross profit of ¥280 million, operating profit of ¥54 million and net profit of ¥42 million. All figures are for the first quarter alone. |
| Full-year earnings forecast | Net Sales ¥1,793 million / Operating profit ¥212 million / Operating profit margin 12 % / Ordinary income ¥199 million / Net income for the current fiscal year ¥137 million |
| Progress against full-year forecast | Net Sales 23% / Operating profit 26% / Ordinary income 29% / Net income for the current fiscal year 31% / Gross profit 23% |
| Self-assessment against the plan | Progress broadly in line with expectations (generally in line with the initial plan) |
| Key KPIs | Indicator name Monthly active shops / Value 1,389 shops / Year on year against the same period last year +6%, Indicator name Customer count / Value 22,192 people / Year on year against the same period last year +24%, Indicator name Gross merchandise value (GMV) / Value ¥1,893 million / Year on year against the same period last year +25%, Indicator name Overseas revenue ratio / Value 96 % / Year on year against the same period last year Not disclosed, Indicator name Revenue growth rate CAGR / Value 23 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The structure of average order value per customer and the number of customers, as well as revenue per shop and the number of Active Shops, is shown, but the actual average order values are not disclosed |
| Number of stores and locations | The company refers to the full-scale operation of its Taiwan base and pop-up events in Europe, but the number of stores and bases at period-end and the number of store openings and closures are not disclosed |
| Assumptions Underlying the Business Outlook | Item Revenue growth / Value +20%, Item Full-year operating profit margin / Value 12%, Item Continued investment in existing business / Value ¥120 million, Item Investment in new initiatives at the Taiwan operation / Value ¥110 million |
| Market Size / Share | Item Cross-border e-commerce market size / Value $700 billion currently to $8 trillion in 2030, Item Number of foreign visitors to Japan / Value 36.86 million in 2024, with a target of 60 million in 2030, Item Traveler potential / Value Approximately 800 million |
| Key points of the Q&A | The company explains that there is a page with responses to questions submitted in advance, but the responses are omitted from the main text and therefore not disclosed |
| New initiatives | Addition of a cart-abandonment analysis feature to the shop dashboard, Launch of WorldShopping BIZ Growth, an overseas advertising operations support service, Launch of an automatic Instagram integration feature for Inbound Navi, Implementation of WorldShopping BIZ OMO in Europe, Preparation of analytical reports using AI, checks for unauthorized use, and more efficient warehouse staffing |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.The decline in operating profit was due to the planned execution of strategic investments to strengthen customer acquisition for contracted shops. Revenue growth was attributed to DDP support, efforts to strengthen customer acquisition, and growth in North America and Europe.
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.