Komori
Earnings presentation3542Vega corporation Co.,Ltd.Retail

Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, consolidated revenue and profit exceeded the previous year, driven by the opening of physical stores, OMO initiatives and sales of new products. Revenue and operating profit also exceeded the full-year plan, and a new three-year plan was formulated for the period from the fiscal year ending March 2027 onward.

Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
18129
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 2026, full year12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥18,129 million+113.8%
Operating profit¥1,353 million+146.0%
Ordinary income¥1,366 million+145.6%
Net income¥884 million+149.5%
Selling, general and administrative expenses¥8,233 million
Gross Profit Margin
Rate52.9%
Operating profit margin
Rate7.5%
Results for the three months of the current quarter
Net Sales
¥5,383 million
Operating profit
¥576 million
Ordinary income
¥579 million
Quarterly net income
¥374 million
Full-year earnings forecast
Net Sales
¥20,800 million
Operating profit
¥1,500 million
Ordinary income
¥1,510 million
Net income for the current fiscal year
¥921 million
Earnings per share
¥85.85
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。
Full-year plan for the fiscal year ending March 2026
Net Sales100.7%
Operating profit108.3%
Ordinary income108.4%
Net income for the current fiscal year117.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with plan, while operating profit exceeded plan
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
¥157
New initiatives
  • Expand the opening of LOWYA physical stores
  • Expand the OMO-based D2C model combining the company's e-commerce platform with physical stores
  • Develop high-value-added, high-margin new products
  • Expand the products and categories offered by DOKODEMO
  • Formulate a new three-year plan covering the fiscal years ending March 2027 through March 2029
Key KPIsA metric the company considers important as a management benchmark.
  • LOWYA customers847 thousand customers
    Year on year against the same period last year+109.3%
  • LOWYA average spend per customer¥22,403
    Year on year against the same period last year+103.6%
  • In-house e-commerce members2,458 thousand customers
    Year on year against the same period last year+126.3%
  • LOWYA app downloads2,053 thousand cases
    Year on year against the same period last year+116.2%
  • Number of social media followers2,666 thousand accounts
    Year on year against the same period last year+127.7%
  • DOKODEMO members1,248 thousand customers
    Year on year against the same period last year+107.1%
  • DOKODEMO app downloads1,724 thousand cases
    Year on year against the same period last year+103.3%
  • Number of products offered by DOKODEMO101,910 items
    Year on year against the same period last year+213.7%
  • DOKODEMO delivery coverage131 countries
    Year on year against the same period last year+106.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
LOWYA
Number of Customers
847 thousand customers
Year on year against the same period last year+109.3%
Average Spend per Customer
¥22,403
Year on year against the same period last year+103.6%
DOKODEMO
Number of Customers
135 thousand customers
Year on year against the same period last year+89.7%
Average Spend per Customer
¥12,754
Year on year against the same period last year+105.0%
Segment results
LOWYA business
Net Sales
¥17,789 million+114.1%
Operating profit
¥1,358 million+145.6%
DOKODEMO business
GMV
¥2,094 million+94.8%
Net Sales
¥340 million+98.3%
Business income/(loss)
¥0 million
Name△¥0 million
Medium-term management plan targets
Sales growth rate15% or higher
ROE15% or higher
Target fiscal yearFiscal year ending March 2029
Financial targets
ROE
Actual results for the fiscal year ending March 202613.4%
Plan for the fiscal year ending March 202913.6%
Number of stores and locations
Number of Stores at Period-End
13 Location
Stores opened during the period
5 Location
Capital expenditures
¥658 million
Annual Dividend
Annual dividend per share¥17
Payout ratio
RateThe higher of 20% or 2.0% DOE
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥18,129 million (YoY +113.8%)
Operating profit¥1,353 million (YoY +146.0%)
Ordinary income¥1,366 million (YoY +145.6%)
Net income¥884 million (YoY +149.5%)
Gross Profit MarginRate 52.9% / Year-on-year change (points) Not disclosed
Operating profit marginRate 7.5% / Year-on-year change (points) Not disclosed
Selling, general and administrative expenses¥8,233 million
Results for the three months of the current quarterNet Sales ¥5,383 million / Operating profit ¥576 million / Ordinary income ¥579 million / Quarterly net income ¥374 million
Full-year earnings forecastNet Sales ¥20,800 million / Operating profit ¥1,500 million / Ordinary income ¥1,510 million / Net income for the current fiscal year ¥921 million / Earnings per share ¥85.85
Progress against full-year forecastFull-year plan for the fiscal year ending March 2026 Net Sales 100.7% / Operating profit 108.3% / Ordinary income 108.4% / Net income for the current fiscal year 117.0%
Self-assessment against the planRevenue was broadly in line with plan, while operating profit exceeded plan
Segment resultsLOWYA business Net Sales ¥17,789 million (YoY +114.1%) / Operating profit ¥1,358 million (YoY +145.6%) / DOKODEMO business GMV ¥2,094 million (YoY +94.8%) / Net Sales ¥340 million (YoY +98.3%) / Business income/(loss) ¥0 million
Key KPIsLOWYA customers 847 thousand customers, LOWYA average spend per customer ¥22,403, In-house e-commerce members 2,458 thousand customers, LOWYA app downloads 2,053 thousand cases, Number of social media followers 2,666 thousand accounts, DOKODEMO members 1,248 thousand customers, DOKODEMO app downloads 1,724 thousand cases, Number of products offered by DOKODEMO 101,910 items, DOKODEMO delivery coverage 131 countries
Unit price and quantity metricsLOWYA Number of Customers 847 thousand customers / Average Spend per Customer ¥22,403 / DOKODEMO Number of Customers 135 thousand customers / Average Spend per Customer ¥12,754
Number of stores and locationsNumber of Stores at Period-End 13 Location / Stores opened during the period 5 Location / Stores closed during the period Not disclosed
Assumptions Underlying the Business OutlookExchange rate ¥157
Medium-term management plan targetsSales growth rate 15% or higher / ROE 15% or higher / Target fiscal year Fiscal year ending March 2029
Financial targetsROE Actual results for the fiscal year ending March 2026 13.4% / Plan for the fiscal year ending March 2029 13.6%
Annual DividendAnnual dividend per share ¥17 / Interim Not disclosed / End of period Not disclosed
Payout ratioRate The higher of 20% or 2.0% DOE
Capital expenditures¥658 million
New initiativesExpand the opening of LOWYA physical stores, Expand the OMO-based D2C model combining the company's e-commerce platform with physical stores, Develop high-value-added, high-margin new products, Expand the products and categories offered by DOKODEMO, Formulate a new three-year plan covering the fiscal years ending March 2027 through March 2029
Items this document does not state (7)
Breakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesOrders 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.

In the LOWYA business, revenue was driven by the opening of physical stores, OMO initiatives combining the company's e-commerce platform with physical stores, and the launch of new products. Operating profit exceeded expectations, supported by new-product sales driven by OMO initiatives and stable control of the cost ratio. The DOKODEMO business, meanwhile, was affected by the abolition of the US de minimis tax exemption threshold.

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.
Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026 | Vega corporation Co.,Ltd. (3542) timely disclosure | Komori