Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 19 March 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Although customer traffic at existing stores remained challenging, average spending per customer remained firm, the decline in visitor demand from China was smaller than expected, and visitor demand from Taiwan and other Asian countries remained firm. As a result, net sales were at the same level as the previous forecast. In terms of profit, inbound-related revenue exceeded expectations, while the review of the timing of certain system investment projects, among other factors, partly limited the resulting expenses.
Following a decline in the profitability of fixed assets, the recoverability of the fixed assets was assessed, resulting in the recognition of an impairment loss of ¥453 million.
| Item | Details |
|---|---|
| Net Sales | ¥100,500 million → ¥100,571 million（+0.1%） |
| Operating profit | ¥1,100 million → ¥1,458 million（+32.6%） |
| Ordinary income | ¥1,000 million → ¥1,351 million（+35.1%） |
| Profit attributable to owners of the parent | ¥400 million → ¥434 million（+8.6%） |
| Net income per share | 29.04 yen and sen → 31.55 yen and sen |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 19 March 2026 |
| Previous-period results | Net sales: ¥100,174 million; operating profit: ¥1,675 million; ordinary profit: ¥1,648 million; net income attributable to owners of the parent: ¥767 million; net income per share: ¥55.54 (fiscal year ended May 2025) |
| Reason for the revision | Although customer traffic at existing stores remained challenging, average spending per customer remained firm, the decline in visitor demand from China was smaller than expected, and visitor demand from Taiwan and other Asian countries remained firm. As a result, net sales were at the same level as the previous forecast. In terms of profit, inbound-related revenue exceeded expectations, while the review of the timing of certain system investment projects, among other factors, partly limited the resulting expenses. |
| Details and amount of extraordinary loss | Following a decline in the profitability of fixed assets, the recoverability of the fixed assets was assessed, resulting in the recognition of an impairment loss of ¥453 million. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Net sales were supported by firm average spending per customer despite challenging conditions in terms of customer traffic at existing stores, a smaller-than-expected decline in visitor demand from China, and firm visitor demand and average spending per customer from Taiwan and other Asian countries. Profit was higher because inbound-related revenue exceeded expectations, and the timing of certain system investment projects aimed at strengthening the earnings base from the following fiscal year onward was reviewed, partly limiting the resulting expenses. In addition, the Company recorded an impairment loss of ¥453 million due to a decline in the profitability of fixed assets.