Revised forecast
Fiscal year ending February 2027 · Second quarter (interim period)Previous forecast published 10 April 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Although an exceptionally warm spring at the start of the season led to early sales of spring products and existing businesses also exceeded the previous year, unfavourable weather from June onward caused demand for summer products to stagnate, and net sales fell below plan. The selling, general and administrative expense ratio improved as a result of structural reforms, including improved advertising cost-effectiveness and personnel cost efficiency, but this was insufficient to offset the sales shortfall, and operating profit fell below forecast. Meanwhile, ¥849 million in distributions and other payments from pure investment holdings was recognised as dividends received, resulting in ordinary profit and interim net income exceeding forecast.
| Item | Details |
|---|---|
| Net Sales | ¥91,500 million → ¥88,905 million（-2.8%） |
| Operating profit | ¥1,200 million → ¥995 million（-17.0%） |
| Ordinary income | ¥1,000 million → ¥1,929 million（+92.9%） |
| Profit attributable to owners of the parent | ¥700 million → ¥1,117 million（+59.7%） |
| Net income per share | ¥12.02 → ¥19.69 |
| Fiscal Period Covered | Fiscal year ending February 2027 |
| Period Covered | Second quarter (interim period) |
| Publication date of previous forecast | 10 April 2026 |
| Previous-period results | Net sales: ¥66,167 million; operating profit: ¥640 million; ordinary profit: ¥1,333 million; interim net income attributable to owners of the parent: ¥1,313 million; interim net income per share: ¥19.57 |
| Reason for the revision | Although an exceptionally warm spring at the start of the season led to early sales of spring products and existing businesses also exceeded the previous year, unfavourable weather from June onward caused demand for summer products to stagnate, and net sales fell below plan. The selling, general and administrative expense ratio improved as a result of structural reforms, including improved advertising cost-effectiveness and personnel cost efficiency, but this was insufficient to offset the sales shortfall, and operating profit fell below forecast. Meanwhile, ¥849 million in distributions and other payments from pure investment holdings was recognised as dividends received, resulting in ordinary profit and interim net income exceeding forecast. |
| Dividend forecast revision | No revision (forecast year-end dividend per share: ¥70) |
| 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.Unfavourable weather from June onward caused demand for summer products to stagnate, and net sales fell below plan. Although the selling, general and administrative expense ratio improved through better advertising cost-effectiveness and personnel cost efficiency, this was insufficient to offset the sales shortfall, and operating profit was below forecast. Meanwhile, ordinary profit and interim net income exceeded forecast following the recognition of ¥849 million in dividends received from distributions and other payments from pure investment holdings.