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Presentation materials for financial results3558JADE GROUP,Inc.Retail

Second-Quarter Financial Results Briefing Materials for the Fiscal Year Ending February 2027

In the second quarter, gross merchandise volume increased 5.9% year on year and operating profit increased 45.7%, while revenue, EBITDA and net income also grew significantly. The company absorbed a wholly owned subsidiary through a merger effective 1 October and shifted to a company-based organisational structure. It also presented a long-term vision targeting gross merchandise volume of ¥100 billion and operating profit of ¥10 billion in fiscal 2030.

Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
45.7
Year-on-year change (operating income, %)
Wording
Definitive
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending February 2027, second quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,268 million+26.4%
Operating profit¥1,470 million+45.7%
Ordinary income¥1,598 million+46.1%
Net income¥931 million+62.4%
Selling, general and administrative expenses¥7,037 million
Gross Profit Margin
Rate35.8%
Year-on-year change (points)+4.2 percentage points
Results for the three months of the current quarterGross merchandise volume: ¥23,745 million; revenue: ¥11,268 million; operating profit: ¥1,470 million; EBITDA: ¥1,748 million; ordinary profit: ¥1,598 million; net income attributable to owners of the parent: ¥931 million. All figures are for the second quarter alone.
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Gross Merchandise Value49.5%
Net Sales45.1%
Operating profit58.8%
Net profit attributable to owners of the parent61.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross merchandise value¥210 million
  • Gross margin and variable costs¥896 million
  • Rent¥339 million
  • Personnel expenses¥228 million
  • Fixed advertising expenses¥2 million
  • Information processing costs¥3 million
  • Depreciation¥67 million
  • Other¥145 million
New initiatives
  • Absorption merger of a wholly owned subsidiary effective 1 October
  • Transition to a company-based organizational structure
  • Acquisition of d fashion Gold Card members
  • Coupon initiatives to increase ARPU on e-commerce marketplaces
  • SNS marketing initiative scheduled to launch on 16 October 2026
  • Ongoing execution of M&A and PMI
Key KPIsA metric the company considers important as a management benchmark.
  • Gross merchandise value (before eliminations)¥23,745 million
    Year on year against the same period last year+5.9%
  • EBITDA¥1,748 million
    Year on year against the same period last year+28.7%
  • ROE（LTM）26.3 %
  • Equity ratio51.6 %
  • PER9.9 times
  • E-commerce marketplace members (total)1,462 10,000 people
    Year on year against the same period last year+130,000 people
  • Active rate (total)6.9 %
    Year on year against the same period last year-0.1 percentage points
  • Active users (total)101 10,000 people
    Year on year against the same period last year-0 people
  • Annual purchase amount (ARPU, total)¥21,487
    Year on year against the same period last year+¥222
  • Annual return rate (total)12.8 %
    Year on year against the same period last year-1.4 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Annual purchase amount (ARPU)¥21,487
    Year on year against the same period last year+¥222
  • Annual number of items purchased4.1 units
    Year on year against the same period last year+0.0 items
  • Average product selling price¥5,238
    Year on year against the same period last year+¥60
Segment results
  • EC Marketplace Business
    Transaction volume¥12,535 million
  • Platform Business
    Transaction volume¥5,385 million
  • Brand Business
    Transaction volume¥5,636 million
  • Other
    Transaction volume¥188 million
Medium-term management plan targets
The company aims to achieve gross merchandise volume of ¥100 billion, operating profit of ¥10 billion, a contribution margin of 16.0% and indirect fixed costs of no more than ¥6 billion in fiscal 2030.
Financial targets
Actual ROE26.3%（LTM）
Actual equity ratio51.6% (58.4% including non-controlling interests)
Market Size / Share
The company presents itself as No. 1 in the online footwear market, but numerical data on market size and market share are not disclosed
Number of employees
Number of Employees1,024 People
Reference dateAs of December 2025
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥11,268 million (YoY +26.4%)
Operating profit¥1,470 million (YoY +45.7%)
Ordinary income¥1,598 million (YoY +46.1%)
Net income¥931 million (YoY +62.4%)
Gross Profit MarginRate 35.8% / Year-on-year change (points) +4.2 percentage points
Selling, general and administrative expenses¥7,037 million
Results for the three months of the current quarterGross merchandise volume: ¥23,745 million; revenue: ¥11,268 million; operating profit: ¥1,470 million; EBITDA: ¥1,748 million; ordinary profit: ¥1,598 million; net income attributable to owners of the parent: ¥931 million. All figures are for the second quarter alone.
Progress against full-year forecastGross Merchandise Value 49.5% / Net Sales 45.1% / Operating profit 58.8% / Net profit attributable to owners of the parent 61.5%
Self-assessment against the planProgressing as planned
Segment resultsSegment EC Marketplace Business / Transaction volume ¥12,535 million / yoy_pct 1.5, Segment Platform Business / Transaction volume ¥5,385 million / yoy_pct -22.1, Segment Brand Business / Transaction volume ¥5,636 million / yoy_pct 80.7, Segment Other / Transaction volume ¥188 million / yoy_pct 252.8
Breakdown of Factors Affecting the ChangeFactors Increase in gross merchandise value / Amount ¥210 million, Factors Gross margin and variable costs / Amount ¥896 million, Factors Rent / Amount ¥339 million, Factors Personnel expenses / Amount ¥228 million, Factors Fixed advertising expenses / Amount ¥2 million, Factors Information processing costs / Amount ¥3 million, Factors Depreciation / Amount ¥67 million, Factors Other / Amount ¥145 million
Key KPIsIndicator name Gross merchandise value (before eliminations) / Value ¥23,745 million / Year on year against the same period last year +5.9%, Indicator name EBITDA / Value ¥1,748 million / Year on year against the same period last year +28.7%, Indicator name ROE（LTM） / Value 26.3 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 51.6 % / Year on year against the same period last year Not disclosed, Indicator name PER / Value 9.9 times / Year on year against the same period last year Not disclosed, Indicator name E-commerce marketplace members (total) / Value 1,462 10,000 people / Year on year against the same period last year +130,000 people, Indicator name Active rate (total) / Value 6.9 % / Year on year against the same period last year -0.1 percentage points, Indicator name Active users (total) / Value 101 10,000 people / Year on year against the same period last year -0 people, Indicator name Annual purchase amount (ARPU, total) / Value ¥21,487 / Year on year against the same period last year +¥222, Indicator name Annual return rate (total) / Value 12.8 % / Year on year against the same period last year -1.4 percentage points
Unit price and quantity metricsIndicator name Annual purchase amount (ARPU) / Value ¥21,487 / Year on year against the same period last year +¥222, Indicator name Annual number of items purchased / Value 4.1 units / Year on year against the same period last year +0.0 items, Indicator name Average product selling price / Value ¥5,238 / Year on year against the same period last year +¥60
Number of employeesNumber of Employees 1,024 People / Reference date As of December 2025 / Changes during the period and hiring plan Not disclosed
Medium-term management plan targetsThe company aims to achieve gross merchandise volume of ¥100 billion, operating profit of ¥10 billion, a contribution margin of 16.0% and indirect fixed costs of no more than ¥6 billion in fiscal 2030.
Financial targetsActual ROE 26.3%（LTM） / Actual equity ratio 51.6% (58.4% including non-controlling interests) / Financial targets Not disclosed
Market Size / ShareThe company presents itself as No. 1 in the online footwear market, but numerical data on market size and market share are not disclosed
New initiativesAbsorption merger of a wholly owned subsidiary effective 1 October, Transition to a company-based organizational structure, Acquisition of d fashion Gold Card members, Coupon initiatives to increase ARPU on e-commerce marketplaces, SNS marketing initiative scheduled to launch on 16 October 2026, Ongoing execution of M&A and PMI
Items this document does not state (11)
Operating profit marginFull-year earnings forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.

The company explained that the acquisition of d fashion Gold Card members, coupon initiatives on e-commerce marketplaces including LOCONDO, post-M&A logistics and IT integration as part of PMI, structural reforms and the acquisition of Royal contributed to the improvement in results.

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.
Second-Quarter Financial Results Briefing Materials for the Fiscal Year Ending February 2027 | JADE GROUP,Inc. (3558) timely disclosure | Komori