Komori
Revision of earnings forecasts3548BAROQUE JAPAN LIMITEDRetail

Notice Regarding Differences Between Forecast and Actual Results

Actual consolidated results for the fiscal year ended February 2026 were below the forecast announced on 14 January 2026. While net sales declined by only 0.6%, operating profit fell by 44.6%, ordinary profit by 39.0%, and net income attributable to owners of the parent by 26.9%.

Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-44.6
%
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ended February 2026 · Full yearPrevious forecast published 14 January 2026
Net Sales51,797→51,499million
-0.6%
Operating profit579→321million
-44.6%
Ordinary income628→383million
-39.0%
Profit attributable to owners of the parent501→366million
-26.9%
Net income per share13.92→10.19yen and sen
-26.8%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

Customer traffic at AZUL BY MOUSSY declined more than expected, and an increase in inventory valuation losses reduced gross profit. On a non-consolidated basis, ¥230 million in dividends received from a U.S. subsidiary was recorded as non-operating income.

Previous-period resultsConsolidated: net sales of ¥58,180 million, operating profit of ¥812 million, ordinary loss of ¥1,683 million, net loss attributable to owners of the parent of ¥2,575 million, and loss per share of ¥71.58. Non-consolidated: net sales of ¥52,734 million, ordinary profit of ¥3 million, and net loss of ¥525 million.
Dividend forecast revisionNo change to the annual dividend forecast of ¥38 per share is planned (no revision).
Consolidated / non-consolidatedConsolidated/non-consolidated
Revised forecast
ItemDetails
Net Sales¥51,797 million → ¥51,499 million(-0.6%)
Operating profit¥579 million → ¥321 million(-44.6%)
Ordinary income¥628 million → ¥383 million(-39.0%)
Profit attributable to owners of the parent¥501 million → ¥366 million(-26.9%)
Net income per share13.92 yen and sen → 10.19 yen and sen(-26.8%)
Fiscal Period CoveredFiscal year ended February 2026
Period CoveredFull year
Publication date of previous forecast14 January 2026
Previous-period resultsConsolidated: net sales of ¥58,180 million, operating profit of ¥812 million, ordinary loss of ¥1,683 million, net loss attributable to owners of the parent of ¥2,575 million, and loss per share of ¥71.58. Non-consolidated: net sales of ¥52,734 million, ordinary profit of ¥3 million, and net loss of ¥525 million.
Reason for the revisionCustomer traffic at AZUL BY MOUSSY declined more than expected, and an increase in inventory valuation losses reduced gross profit. On a non-consolidated basis, ¥230 million in dividends received from a U.S. subsidiary was recorded as non-operating income.
Dividend forecast revisionNo change to the annual dividend forecast of ¥38 per share is planned (no revision).
Consolidated / non-consolidatedConsolidated/non-consolidated
Items this document does not state (1)
Details and amount of extraordinary loss

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 addition to customer traffic at AZUL BY MOUSSY declining more than expected, an increase in inventory valuation losses reduced gross profit, causing operating profit and subsequent figures to fall below forecast. On a non-consolidated basis, ordinary profit and net income exceeded the previous fiscal year's actual results because ¥230 million in dividends received from a U.S. subsidiary was recorded as non-operating income.

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.
Notice Regarding Differences Between Forecast and Actual Results | BAROQUE JAPAN LIMITED (3548) timely disclosure | Komori