Results for this period
Full year1 March 2025–28 February 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In Japan, net sales declined due mainly to lower customer traffic at AZUL BY MOUSSY and other factors, while operating profit was secured through purchasing controls, a reduction in inventory valuation losses, lower consignment sales expenses and fixed-cost controls. The dissolution of the Chinese joint venture reduced consolidated net sales, but eliminated equity-method investment losses and resulted in a gain on the sale of shares in an affiliate.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥51,499 million (YoY -11.5%) |
| Operating profit | ¥321 million (YoY -60.5%) |
| Ordinary income | ¥383 million |
| Profit attributable to owners of the parent | ¥366 million |
| Net income per share | ¥10.19 |
| Operating Margin | 0.6% |
| Equity ratio | End of the current fiscal period 45.1% / End of previous period 45.9% |
| Total assets | ¥32,593 million |
| Net assets | ¥14,705 million |
| Cash flows from operating activities | ¥819 million |
| Cash flows from investing activities | ¥560 million |
| Cash flows from financing activities | ¥-1,435 million |
| Cash and cash equivalents at end of period | ¥11,319 million |
| Full-year earnings forecast | Net Sales ¥52,970 million (YoY +2.9%) / Operating profit ¥1,352 million (YoY +320.9%) / Ordinary income ¥1,302 million (YoY +239.6%) / Net income ¥743 million (YoY +102.5%) |
| Annual Dividend Forecast | ¥38 → ¥38（0.0%） |
| Payout ratio | 372.8% |
| Depreciation and amortization | ¥905 million |
| Impairment loss | ¥139 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of shares in an affiliated company ¥146 million / Extraordinary loss Impairment Losses ¥139 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / 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 2 / Company name BAROQUE CHINA LIMITED, 巴羅克(上海)企業発展有限公司 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 36,676,300 |
| Treasury Shares at Period-End | 656,330 |
| Factors Behind Changes in Business Performance | In Japan, net sales declined due mainly to lower customer traffic at AZUL BY MOUSSY and other factors, while operating profit was secured through purchasing controls, a reduction in inventory valuation losses, lower consignment sales expenses and fixed-cost controls. The dissolution of the Chinese joint venture reduced consolidated net sales, but eliminated equity-method investment losses and resulted in a gain on the sale of shares in an affiliate. |
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.In Japan, store sales and e-commerce sales fell below the previous year, with a decline in customer traffic at the core AZUL BY MOUSSY brand being the main factor behind the decrease in sales. Meanwhile, the Company secured operating profit by tightening purchasing controls and converting inventory into cash at an early stage, thereby reducing inventory valuation losses, as well as through lower consignment sales expenses and fixed-cost controls. Overseas, the U.S. business was unable to reduce selling, general and administrative expenses sufficiently and was also affected by the bankruptcy of a major department store operator. Following the dissolution of the Chinese joint venture, the Chinese wholesale company was removed from the scope of consolidation, eliminating equity-method investment losses and resulting in a gain on the sale of shares in an affiliate.