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Financial results presentation3542Vega corporation Co.,Ltd.Retail

Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027

In Q1 of the fiscal year ending March 2027, growth in LOWYA's physical store expansion and OMO initiatives drove consolidated net sales and operating profit above the prior-year period. DOKODEMO, however, reported lower revenue due to factors including changes to U.S. regulations, and the company also approved a basic agreement toward the transfer of the business.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
352
¥ million (consolidated operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,991 million+14.7%
Operating profit¥352 million+33.5%
Ordinary income¥353 million+32.1%
Net income¥220 million+23.5%
Gross Profit Margin53.4 %
Operating profit margin7.1 %
Selling, general and administrative expenses¥2,313 million
Results for the three months of the current quarter
Net Sales
¥4,991 million
Operating profit
¥352 million
Ordinary income
¥353 million
Net income
¥220 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
What the company explained in this material
New initiatives
  • Execution of a basic agreement toward the transfer of the DOKODEMO business
  • Opening of 3 LOWYA physical stores
  • LOWYA LaLaport Numazu store scheduled to open in October 2026
  • LOWYA Soka store scheduled to open in spring 2027
  • Launch of new products and price revisions for certain miscellaneous goods
Key KPIsA metric the company considers important as a management benchmark.
  • LOWYA own e-commerce and physical-store (OMO) net sales¥3,295 million+38.5%
  • LOWYA OMO ratio67 %
  • DOKODEMO GMV¥442 million-20.6%
  • DOKODEMO members1,266 thousand customers+6.6%
  • Number of products offered by DOKODEMO129 thousand items+164.1%
  • DOKODEMO delivery coverage132 countries+7.3%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
LOWYA
Number of Customers
218 thousand customers+5.1%
Average Spend per Customer
¥23,659+9.1%
DOKODEMO
Number of Customers
27 thousand customers-27.6%
Average Spend per Customer
¥13,395+10.5%
Segment results
LOWYA
Net Sales
¥4,918 million+15.4%
Operating profit
¥356 million+36.1%
DOKODEMO
GMV
¥442 million-20.6%
Net Sales
¥73 million-17.9%
Business income/(loss)
¥-3 million
Financial targets
ROE
Fiscal year ending March 2027: plan12.2 %
Net profit margin
Fiscal year ending March 2027: plan4.4 %
Number of stores and locations
Number of Stores at Period-End
16 Location
Stores opened during the period
3 Location
Annual Dividend
Annual dividend per share
¥18
Payout ratio
20 %
Additional informationBased on whichever is greater: 2.0% DOE or the applicable amount
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥4,991 million (YoY +14.7%)
Operating profit¥352 million (YoY +33.5%)
Ordinary income¥353 million (YoY +32.1%)
Net income¥220 million (YoY +23.5%)
Gross Profit Margin53.4 %
Operating profit margin7.1 %
Selling, general and administrative expenses¥2,313 million
Results for the three months of the current quarterNet Sales ¥4,991 million / Operating profit ¥352 million / Ordinary income ¥353 million / Net income ¥220 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
Segment resultsLOWYA Net Sales ¥4,918 million (YoY +15.4%) / Operating profit ¥356 million (YoY +36.1%) / DOKODEMO GMV ¥442 million (YoY -20.6%) / Net Sales ¥73 million (YoY -17.9%) / Business income/(loss) ¥-3 million
Key KPIsLOWYA own e-commerce and physical-store (OMO) net sales ¥3,295 million (YoY +38.5%), LOWYA OMO ratio 67 %, DOKODEMO GMV ¥442 million (YoY -20.6%), DOKODEMO members 1,266 thousand customers (YoY +6.6%), Number of products offered by DOKODEMO 129 thousand items (YoY +164.1%), DOKODEMO delivery coverage 132 countries (YoY +7.3%)
Unit price and quantity metricsLOWYA Number of Customers 218 thousand customers (YoY +5.1%) / Average Spend per Customer ¥23,659 (YoY +9.1%) / DOKODEMO Number of Customers 27 thousand customers (YoY -27.6%) / Average Spend per Customer ¥13,395 (YoY +10.5%)
Number of stores and locationsNumber of Stores at Period-End 16 Location / Stores opened during the period 3 Location / Stores closed during the period Not disclosed
Financial targetsROE Fiscal year ending March 2027: plan 12.2 % / Net profit margin Fiscal year ending March 2027: plan 4.4 %
Annual DividendAnnual dividend per share ¥18 / Interim Dividend Not disclosed / Year-end dividend Not disclosed
Payout ratio20 %
New initiativesExecution of a basic agreement toward the transfer of the DOKODEMO business, Opening of 3 LOWYA physical stores, LOWYA LaLaport Numazu store scheduled to open in October 2026, LOWYA Soka store scheduled to open in spring 2027, Launch of new products and price revisions for certain miscellaneous goods
Items this document does not state (12)
Progress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.

LOWYA benefited from the opening of physical stores, OMO initiatives linking its own e-commerce site with physical stores, and the launch of new products. The gross profit margin improved as a result of price revisions for certain products and stronger product appeal and brand value driven by the OMO strategy. DOKODEMO was affected by the abolition of the U.S. de minimis threshold and the requirement for online consultations when selling designated drugs subject to abuse-prevention controls, among other factors. Regarding the business transfer, the company stated that, against a backdrop of growing international instability and higher logistics costs, it determined that transferring the business to リードヘルスケア was the best way to maximize its future value.

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Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 | Vega corporation Co.,Ltd. (3542) timely disclosure | Komori