Komori
Financial Results Presentation3548BAROQUE JAPAN LIMITEDRetail

Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending February 2027

In the first quarter, revenue fell below the year-earlier period, while lower gross profit and rising costs also contributed to substantial declines in operating income and net income. In particular, weak performance by the SC brands weighed on overall revenue.

Worth reading
43Recurring
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
-4.2
¥100 million (year-on-year decrease in consolidated operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending February 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales12,169 Millions of yen-3.6%
Operating profit76 Millions of yen-84.9%
Ordinary income107 Millions of yen-79.0%
Net income70 Millions of yen-85.3%
Gross Profit Margin62.2%
Operating profit margin0.6%
Selling, general and administrative expenses7,490 Millions of yen
Results for the three months of the current quarter
Net Sales
12,169 Millions of yen
Operating profit
76 Millions of yen
Ordinary income
107 Millions of yen
Net income
70 Millions of yen
What the company explained in this material
New initiatives
  • Fundamental review of AZUL BY MOUSSY's product development and marketing strategies
  • Strengthening initiatives to achieve ROE exceeding the cost of equity
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic Business Sales11,920 Millions of yen
    Year on year against the same period last year96.2%
  • Store sales8,914 Millions of yen
    Year on year against the same period last year96.2%
  • EC sales2,331 Millions of yen
    Year on year against the same period last year93.3%
  • RODEO CROWNS WIDE BOWL SSSDouble-digit growth
    Year on year against the same period last yearMaintained double-digit growth
  • LAGUA GEM SSS121.3%
    Year on year against the same period last year121.3%
  • PBR1.88 times
  • ROE-14.74 %
  • ROIC1.4 %
  • DOE10.41 %
Segment results
  • FB/SB brands
    Net Sales5,094 Millions of yen
    Year on year against the same period last year107.7%
  • SC brand
    Net Sales5,055 Millions of yen
    Year on year against the same period last year86.3%
  • Department-store brands and others
    Net Sales1,302 Millions of yen
    Year on year against the same period last year91.7%
Medium-term management plan targets
  • ROE
    Target value15.0%
    Target fiscal yearFiscal year ending February 2030
    Comparison with actual resultsActual: 15.9% (fiscal year ended February 2019)
  • Consolidated operating margin
    Target value8.9%
    Target fiscal yearFiscal year ending February 2030
    Comparison with actual resultsActual: 8.7% (fiscal year ended January 2016)
  • Inventory turnover
    Target value6.5 times
    Target fiscal yearFiscal year ending February 2030
    Comparison with actual resultsActual: 6.6 times (fiscal year ended January 2018)
Financial targets
  • ROE
    Target value15% (fiscal year ending February 2030)
  • PBR
    Target value5 times (future)
    Actual value1.88 times
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending February 2027
Net Sales12,169 Millions of yen (YoY -3.6%)
Operating profit76 Millions of yen (YoY -84.9%)
Ordinary income107 Millions of yen (YoY -79.0%)
Net income70 Millions of yen (YoY -85.3%)
Gross Profit Margin62.2%
Operating profit margin0.6%
Selling, general and administrative expenses7,490 Millions of yen
Results for the three months of the current quarterNet Sales 12,169 Millions of yen / Operating profit 76 Millions of yen / Ordinary income 107 Millions of yen / Net income 70 Millions of yen
Segment resultsSegment FB/SB brands / Net Sales 5,094 Millions of yen / Year on year against the same period last year 107.7%, Segment SC brand / Net Sales 5,055 Millions of yen / Year on year against the same period last year 86.3%, Segment Department-store brands and others / Net Sales 1,302 Millions of yen / Year on year against the same period last year 91.7%
Key KPIsIndicator name Domestic Business Sales / Value 11,920 Millions of yen / Year on year against the same period last year 96.2%, Indicator name Store sales / Value 8,914 Millions of yen / Year on year against the same period last year 96.2%, Indicator name EC sales / Value 2,331 Millions of yen / Year on year against the same period last year 93.3%, Indicator name RODEO CROWNS WIDE BOWL SSS / Value Double-digit growth / Year on year against the same period last year Maintained double-digit growth, Indicator name LAGUA GEM SSS / Value 121.3% / Year on year against the same period last year 121.3%, Indicator name PBR / Value 1.88 times / Year on year against the same period last year Not disclosed, Indicator name ROE / Value -14.74 % / Year on year against the same period last year Not disclosed, Indicator name ROIC / Value 1.4 % / Year on year against the same period last year Not disclosed, Indicator name DOE / Value 10.41 % / Year on year against the same period last year Not disclosed
Medium-term management plan targetsIndicator ROE / Target value 15.0% / Target fiscal year Fiscal year ending February 2030 / Comparison with actual results Actual: 15.9% (fiscal year ended February 2019), Indicator Consolidated operating margin / Target value 8.9% / Target fiscal year Fiscal year ending February 2030 / Comparison with actual results Actual: 8.7% (fiscal year ended January 2016), Indicator Inventory turnover / Target value 6.5 times / Target fiscal year Fiscal year ending February 2030 / Comparison with actual results Actual: 6.6 times (fiscal year ended January 2018)
Financial targetsIndicator ROE / Target value 15% (fiscal year ending February 2030) / Actual value Not disclosed, Indicator PBR / Target value 5 times (future) / Actual value 1.88 times
New initiativesFundamental review of AZUL BY MOUSSY's product development and marketing strategies, Strengthening initiatives to achieve ROE exceeding the cost of equity
Items this document does not state (16)
Full-year earnings forecastProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition 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.

Gross profit declined as inventory was cleared at the SC brands and costs rose across the entire supply chain. In addition, while AZUL BY MOUSSY was reviewing its product development and marketing strategies, a mismatch with its existing customers emerged, resulting in lower sales across the SC brands.

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.
Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending February 2027 | BAROQUE JAPAN LIMITED (3548) timely disclosure | Komori