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Results presentation3542Vega corporation Co.,Ltd.Retail

Earnings Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

The first half of the fiscal year ending March 2027 saw higher revenue and profit, driven by strong performance in the LOWYA business, and exceeded the first-half plan. In light of this, the full-year earnings forecast was revised upward, and the forecast year-end dividend was raised from ¥18 to ¥20 per share. Meanwhile, the DOKODEMO business reported lower revenue due to external factors, and the transfer of the business has also been decided.

Worth reading
81Important
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
800
¥ million (increase from the initial full-year sales forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Results presentationSecond quarter (interim period) of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,986 million+20.5%
Operating profit¥660 million+49.0%
Ordinary income¥664 million+47.3%
Net income¥416 million+40.8%
Gross Profit Margin53.5 %
Operating profit margin6.6 %
Selling, general and administrative expenses¥4,683 million
Results for the three months of the current quarter
Net Sales
¥4,994 million+26.8%
Operating profit
¥307 million+71.8%
Operating profit margin
6.1 %
Ordinary income
¥311 million
Net income
¥196 million
Full-year earnings forecast
Net Sales
¥21,600 million
Operating profit
¥1,700 million
Ordinary income
¥1,710 million
Net income
¥986 million
Earnings per share
92.65 yen
Net profit margin
4.6 %
ROE
13 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The full-year earnings forecast was revised. Revenue and all profit figures are expected to exceed the initial forecasts.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The disclosure states that the exchange rate trended toward a weaker yen, but the specific assumption is Not disclosed
New initiatives
  • Opening new LOWYA physical stores (2 stores in total in July and September 2026)
  • LOWYA OMO initiatives combining its own e-commerce platform with physical stores and the rollout of new products
  • LOWYA's first-ever new product presentation event
  • Transfer of the DOKODEMO business to 株式会社スターネット (scheduled for 1 December 2026)
Key KPIsA metric the company considers important as a management benchmark.
  • LOWYA own e-commerce and physical-store (OMO) net sales¥6,819 million+46.7%
  • LOWYA customers431 thousand customers+10.7%
  • LOWYA average spend per customer23,788 yen+8.8%
  • Number of LOWYA own e-commerce members2,698 thousand customers+23.7%
  • LOWYA app downloads2,200 thousand cases+16.3%
  • Number of LOWYA social media followers3,054 thousand accounts+36.7%
  • DOKODEMO GMV¥866 million-21.2%
  • DOKODEMO members1,281 thousand customers+5.9%
  • DOKODEMO app downloads1,747 thousand cases+3.0%
  • DOKODEMO customer count52 thousand customers-27.6%
  • DOKODEMO average spend per customer13,836 yen+11.0%
  • Number of products offered by DOKODEMO136 thousand items+148.7%
  • DOKODEMO delivery coverage133 countries+7.3%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
LOWYA
Number of Customers
431 thousand customers+10.7%
Average Spend per Customer
23,788 yen+8.8%
DOKODEMO
Number of Customers
52 thousand customers-27.6%
Average Spend per Customer
13,836 yen+11.0%
Segment results
LOWYA
Net Sales
¥9,843 million+21.3%
Operating profit
¥666 million+51.4%
DOKODEMO
GMV
¥866 million-21.2%
Net Sales
¥143 million-19.3%
Business income/(loss)
¥-2 million
Financial targets
ROE
Revised forecast for the fiscal year ending March 202713 %
Number of stores and locations
Number of Stores at Period-End
18 stores
Stores opened during the period
2 stores
Change from the end of the previous fiscal year
5 stores
Capital expenditures
658 Millions of yen fiscal year ended March 2026 actual
Annual Dividend
¥20 per share
Interim0
End of period20
Payout ratio
Based on the higher of a 20% payout ratio or a 2.0% DOE
Contents of this document
ItemDetails
Document typeResults presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥9,986 million (YoY +20.5%)
Operating profit¥660 million (YoY +49.0%)
Ordinary income¥664 million (YoY +47.3%)
Net income¥416 million (YoY +40.8%)
Gross Profit Margin53.5 %
Operating profit margin6.6 %
Selling, general and administrative expenses¥4,683 million
Results for the three months of the current quarterNet Sales ¥4,994 million (YoY +26.8%) / Operating profit ¥307 million (YoY +71.8%) / Operating profit margin 6.1 % / Ordinary income ¥311 million / Net income ¥196 million
Full-year earnings forecastNet Sales ¥21,600 million / Operating profit ¥1,700 million / Ordinary income ¥1,710 million / Net income ¥986 million / Earnings per share 92.65 yen / Net profit margin 4.6 % / ROE 13 %
Self-assessment against the planThe full-year earnings forecast was revised. Revenue and all profit figures are expected to exceed the initial forecasts.
Segment resultsLOWYA Net Sales ¥9,843 million (YoY +21.3%) / Operating profit ¥666 million (YoY +51.4%) / DOKODEMO GMV ¥866 million (YoY -21.2%) / Net Sales ¥143 million (YoY -19.3%) / Business income/(loss) ¥-2 million
Key KPIsLOWYA own e-commerce and physical-store (OMO) net sales ¥6,819 million (YoY +46.7%), LOWYA customers 431 thousand customers (YoY +10.7%), LOWYA average spend per customer 23,788 yen (YoY +8.8%), Number of LOWYA own e-commerce members 2,698 thousand customers (YoY +23.7%), LOWYA app downloads 2,200 thousand cases (YoY +16.3%), Number of LOWYA social media followers 3,054 thousand accounts (YoY +36.7%), DOKODEMO GMV ¥866 million (YoY -21.2%), DOKODEMO members 1,281 thousand customers (YoY +5.9%), DOKODEMO app downloads 1,747 thousand cases (YoY +3.0%), DOKODEMO customer count 52 thousand customers (YoY -27.6%), DOKODEMO average spend per customer 13,836 yen (YoY +11.0%), Number of products offered by DOKODEMO 136 thousand items (YoY +148.7%), DOKODEMO delivery coverage 133 countries (YoY +7.3%)
Unit price and quantity metricsLOWYA Number of Customers 431 thousand customers (YoY +10.7%) / Average Spend per Customer 23,788 yen (YoY +8.8%) / DOKODEMO Number of Customers 52 thousand customers (YoY -27.6%) / Average Spend per Customer 13,836 yen (YoY +11.0%)
Number of stores and locationsNumber of Stores at Period-End 18 stores / Stores opened during the period 2 stores / Change from the end of the previous fiscal year 5 stores
Assumptions Underlying the Business OutlookThe disclosure states that the exchange rate trended toward a weaker yen, but the specific assumption is Not disclosed
Financial targetsROE 13 %
Annual Dividend¥20 per share
Payout ratioBased on the higher of a 20% payout ratio or a 2.0% DOE
Capital expenditures658 Millions of yen (fiscal year ended March 2026 actual)
New initiativesOpening new LOWYA physical stores (2 stores in total in July and September 2026), LOWYA OMO initiatives combining its own e-commerce platform with physical stores and the rollout of new products, LOWYA's first-ever new product presentation event, Transfer of the DOKODEMO business to 株式会社スターネット (scheduled for 1 December 2026)
Items this document does not state (9)
Progress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.

At LOWYA, the opening of physical stores, OMO initiatives combining its own e-commerce platform with physical stores, and the rollout of new products contributed to higher sales. At DOKODEMO, the abolition of the US de minimis exemption threshold and the requirement for online consultations when selling designated medicines subject to abuse-prevention measures were among the factors behind the decline in revenue. Progress through the first half is cited as the reason for the upward revision to the earnings forecast.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | Vega corporation Co.,Ltd. (3542) timely disclosure | Komori