Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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 ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Demand for services and inbound tourism was strong, with visitor numbers at the Shinjuku store increasing 2.8% year on year in the hot-spring bathing business. The company renovated the cafe and bar at the Shinjuku store, brought forward its opening hours, introduced a running-station service and held seasonal events, while visitor numbers at the Nishiazabu store decreased 4.3%. In the real estate business, not leasing vacated rooms to new tenants and planning to use them internally reduced revenue. In the food business, ingredients for summer noodle products performed well, but order volumes fell short of the initial assumptions, and upfront investment costs for manufacturing equipment also reduced profit. In addition, the company recorded an impairment loss of ¥185.880 million following a review of the food business's business plan.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥1,495 million (YoY +21.5%) |
| Operating profit | ¥133 million (YoY +3.6%) |
| Ordinary income | ¥136 million (YoY +5.9%) |
| Profit attributable to owners of the parent | ¥-113 million |
| Net income per share | ¥(4.28) |
| Equity ratio | End of the current fiscal period 83.4 / End of previous period 82.5 |
| Total assets | ¥5,637 million |
| Net assets | ¥4,731 million |
| Cash flows from operating activities | ¥206,642 thousand |
| Cash flows from investing activities | ¥-12,176 thousand |
| Cash flows from financing activities | ¥-230,369 thousand |
| Cash and cash equivalents at end of period | ¥1,256,280 thousand |
| Full-year earnings forecast | Net Sales ¥3,060 million (YoY +13.6%) / Operating profit ¥320 million (YoY +4.4%) / Ordinary income ¥320 million (YoY +4.1%) / Net income ¥-50 million |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥3,060 million / Operating profit Not disclosed → ¥320 million / Ordinary income Not disclosed → ¥320 million / Net income Not disclosed → ¥-50 million |
| Annual Dividend Forecast | 5 Yen → 5 Yen（0.0%） |
| Segment revenue | Bathing ¥995,172 thousand (YoY +3.8%) / Real Estate ¥18,609 thousand (YoY -21.5%) / Food ¥481,908 thousand |
| Segment profit | Bathing ¥245,682 thousand (YoY +16.3%) / Real Estate ¥-578 thousand / Food ¥-8,331 thousand |
| Depreciation and amortization | ¥150,398 thousand |
| Impairment loss | ¥185,880 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Impairment loss ¥185,880 thousand, Loss on sale of non-current assets ¥210 thousand, Loss on disposal of non-current assets ¥364 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 |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 26,466,366 shares |
| Treasury Shares at Period-End | 18,033 shares |
| Factors Behind Changes in Business Performance | Demand for services and inbound tourism was strong, with visitor numbers at the Shinjuku store increasing 2.8% year on year in the hot-spring bathing business. The company renovated the cafe and bar at the Shinjuku store, brought forward its opening hours, introduced a running-station service and held seasonal events, while visitor numbers at the Nishiazabu store decreased 4.3%. In the real estate business, not leasing vacated rooms to new tenants and planning to use them internally reduced revenue. In the food business, ingredients for summer noodle products performed well, but order volumes fell short of the initial assumptions, and upfront investment costs for manufacturing equipment also reduced profit. In addition, the company recorded an impairment loss of ¥185.880 million following a review of the food business's business plan. |
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.The food business deviated from the business plan initially assumed. Following a review of the plan, the company recorded impairment losses on operating assets and goodwill arising at the time of the share acquisition. In the hot-spring bathing business, the increase in visitors to the Shinjuku store and store initiatives contributed to results. In the real estate business, vacated rooms were not newly leased and are planned for the company's own use, while in the food business, order volumes fell short of the initial assumptions and upfront investment costs for manufacturing equipment reduced profit.