Komori
Financial results presentation3415TOKYO BASE Co.,Ltd.Retail

Financial Results Presentation for the First Quarter of the Fiscal Year Ending January 2027

In the first quarter of the fiscal year ending January 2027, revenue and profit increased, driven by inbound demand, new store openings, the rollout of new formats and EC growth. Revenue and operating profit exceeded the Q1 plan. However, Hong Kong incurred pre-opening expenses, while the China business remained in the red.

Worth reading
68In focus
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
61.3
¥100 million (revenue, 124.1% year on year)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending January 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,134 million+24.1%
Operating profit¥415 million+10.1%
Ordinary income¥480 million+89.1%
Net income¥235 million+23.7%
Gross Profit Margin53.5 %
Operating profit margin6.8 %
Selling, general and administrative expenses¥2,868 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit are both progressing ahead of the Q1 plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in sales at existing stores in Japan¥0.1 100 million
  • Increase in sales from new stores in Japan (existing formats)¥6.8 100 million
  • Increase in sales from the rollout of KEY TIMEZ¥1.3 100 million
  • Revenue growth from overseas store expansion¥1.4 100 million
  • Increase in EC sales¥3.1 100 million
  • Deterioration in gross margin due to the strategic acceleration of inventory clearance-0.5 pt
  • Deterioration in gross margin due to the increased sales mix of the select-shop format-0.6 pt
  • Foreign Exchange Gains¥0.6 100 million
New initiatives
  • Opened 4 physical stores and 2 EC stores under the new KEY TIMEZ format
  • Opened 7 stores under existing formats in Japan and overseas
  • Plan to open 7 stores in Japan and overseas, including South Korea and Hong Kong, in Q2
Key KPIsA metric the company considers important as a management benchmark.
  • Inbound sales, February¥2.4 100 million
  • Inbound sales, March¥4.5 100 million
    Year on year against the same period last year+151.0%
  • Inbound sales, April¥5.4 100 million
    Year on year against the same period last year+146.0%
  • Year-on-year change in inbound sales>140
  • Number of group stores115 Location
Segment results
  • Japan standalone
    Net Sales¥5,616 million (YoY +23.1%)
    Operating profit¥432 million (YoY +14.7%)
  • Hong Kong standalone
    Net Sales¥226 million (YoY +58.7%)
    Operating profit¥-13 million
  • China standalone
    Net Sales¥296 million (YoY +24.3%)
    Operating profit¥-3 million
Number of stores and locations
End of period
115 Location
Store openings during the period
12 Stores including EC
Store closures during the period
3 Stores 2 physical stores, 1 EC operation
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending January 2027
Net Sales¥6,134 million (YoY +24.1%)
Operating profit¥415 million (YoY +10.1%)
Ordinary income¥480 million (YoY +89.1%)
Net income¥235 million (YoY +23.7%)
Gross Profit Margin53.5 %
Operating profit margin6.8 %
Selling, general and administrative expenses¥2,868 million
Self-assessment against the planRevenue and operating profit are both progressing ahead of the Q1 plan
Segment resultsSegment Japan standalone / Net Sales ¥5,616 million (YoY +23.1%) / Operating profit ¥432 million (YoY +14.7%), Segment Hong Kong standalone / Net Sales ¥226 million (YoY +58.7%) / Operating profit ¥-13 million, Segment China standalone / Net Sales ¥296 million (YoY +24.3%) / Operating profit ¥-3 million
Breakdown of Factors Affecting the ChangeFactors Increase in sales at existing stores in Japan / Amount ¥0.1 100 million, Factors Increase in sales from new stores in Japan (existing formats) / Amount ¥6.8 100 million, Factors Increase in sales from the rollout of KEY TIMEZ / Amount ¥1.3 100 million, Factors Revenue growth from overseas store expansion / Amount ¥1.4 100 million, Factors Increase in EC sales / Amount ¥3.1 100 million, Factors Deterioration in gross margin due to the strategic acceleration of inventory clearance / Amount -0.5 pt, Factors Deterioration in gross margin due to the increased sales mix of the select-shop format / Amount -0.6 pt, Factors Foreign Exchange Gains / Amount ¥0.6 100 million
Key KPIsIndicator name Inbound sales, February / Value ¥2.4 100 million / Year on year against the same period last year Not disclosed, Indicator name Inbound sales, March / Value ¥4.5 100 million / Year on year against the same period last year ¥151 100 million, Indicator name Inbound sales, April / Value ¥5.4 100 million / Year on year against the same period last year ¥146 100 million, Indicator name Year-on-year change in inbound sales / Value >140 / Year on year against the same period last year Not disclosed, Indicator name Number of group stores / Value 115 Location / Year on year against the same period last year Not disclosed
Number of stores and locationsEnd of period 115 Location / Store openings during the period 12 Stores (including EC) / Store closures during the period 3 Stores (2 physical stores, 1 EC operation)
New initiativesOpened 4 physical stores and 2 EC stores under the new KEY TIMEZ format, Opened 7 stores under existing formats in Japan and overseas, Plan to open 7 stores in Japan and overseas, including South Korea and Hong Kong, in Q2
Items this document does not state (16)
Results for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.

Strong inbound demand, new store openings in Japan, the rollout of the new KEY TIMEZ format, overseas store expansion and increased EC sales. Ordinary profit benefited from foreign exchange gains, while net profit benefited from a reduction in losses from the China business. In Hong Kong, upfront expenses were incurred in preparation for opening 4 stores.

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.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending January 2027 | TOKYO BASE Co.,Ltd. (3415) timely disclosure | Komori