Komori
Earnings3612WORLD CO.,LTD.Materials and Chemicals

Summary of Financial Results for the Fiscal Year Ended February 2026 [IFRS] (Consolidated)

For the fiscal year ended February 2026, revenue increased substantially due to the consolidation of Right-on and other factors, while operating profit declined because of weak performance by apparel brands and a shortfall in fourth-quarter sales. For the fiscal year ending February 2027, the company expects higher revenue and profit, and plans to pay an annual dividend of ¥67 on a post-stock-split basis.

Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
25.9
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedIFRS
Net Sales284,014Millions of yenYear on year +25.9%Progress 94.7%
Operating profit16,028Millions of yenYear on year -4.2%Progress 91.6%
Ordinary income14,203Millions of yenYear on year -8.0%Progress 80.0%
Net income attributable to owners of the parent12,013Millions of yenYear on year +8.8%Progress 95.3%

The 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.

Net income per share¥171.36
Operating Margin5.6
Financial position at period-end
Total assets280,059Millions of yen
of which net assets 96,282 Millions of yenEquity ratio 33.8%vs. prior year-end +4.1pt

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.

Cash inflows and outflows
Operating+30,984
Investment-4,132
Financials-30,937
Net change-4,085

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period18,109 Millions of yen
Segment revenueBrand business 200,091 Millions of yen (YoY +0.6%), Digital Business 31,339 Millions of yen (YoY -3.7%), Platform Business 130,422 Millions of yen (YoY +75.2%), Corporate and other 7,594 Millions of yen (YoY -24.4%)
Segment profitBrand business 8,854 Millions of yen (YoY -19.9%), Digital Business 2,277 Millions of yen (YoY -13.1%), Platform Business 4,171 Millions of yen (YoY +128.0%), Corporate and other 1,119 Millions of yen (YoY -24.7%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales300,000 Millions of yen (YoY +5.6%)
Operating profit17,500 Millions of yen (YoY +11.5%)
Ordinary income17,750 Millions of yen (YoY +8.5%)
Net income12,600 Millions of yen (YoY +4.9%)
Annual Dividend Forecast54.5 yen (adjusted for stock split) → 67 yen (adjusted for stock split)(+22.9%)
Payout ratio30.9
Shareholder Return PolicyA progressive dividend policy based on a payout ratio of at least 40% and DOE of at least 5%, adopting whichever is higher
Factors Behind Changes in Business Performance

The Platform Business posted higher profit due to the consolidation of MC Fashion and other factors. The apparel brands posted lower profit because their merchandising plans did not fully capture customer needs, product transitions were delayed, and sales fell short during the peak season. Temporary gains from making Right-on a consolidated subsidiary and other factors, together with the acquisition of Narumiya International as a wholly owned subsidiary, contributed to profit attributable to owners of the parent, while losses on the sale of land and buildings at the Kobe head office and investment losses at Laxus Technologies weighed on profit.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew Number of companies 1 / Company name 株式会社ライトオン / Excluded Number of companies 0 / Company name Not disclosed
Impairment loss166 Millions of yen
Depreciation and amortization18,944 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End73,717,266
Treasury Shares at Period-End927,726
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales284,014 Millions of yen (YoY +25.9%)
Operating profit16,028 Millions of yen (YoY -4.2%)
Ordinary income14,203 Millions of yen (YoY -8.0%)
Profit attributable to owners of the parent12,013 Millions of yen (YoY +8.8%)
Net income per share¥171.36
Operating Margin5.6
Equity ratioEnd of the current fiscal period 33.8 / End of previous period 29.7
Total assets280,059 Millions of yen
Net assets96,282 Millions of yen
Cash flows from operating activities30,984 Millions of yen
Cash flows from investing activities-4,132 Millions of yen
Cash flows from financing activities-30,937 Millions of yen
Cash and cash equivalents at end of period18,109 Millions of yen
Full-year earnings forecastNet Sales 300,000 Millions of yen (YoY +5.6%) / Operating profit 17,500 Millions of yen (YoY +11.5%) / Ordinary income 17,750 Millions of yen (YoY +8.5%) / Net income 12,600 Millions of yen (YoY +4.9%)
Annual Dividend Forecast54.5 yen (adjusted for stock split) → 67 yen (adjusted for stock split)(+22.9%)
Payout ratio30.9
Shareholder Return PolicyA progressive dividend policy based on a payout ratio of at least 40% and DOE of at least 5%, adopting whichever is higher
Segment revenueBrand business 200,091 Millions of yen (YoY +0.6%), Digital Business 31,339 Millions of yen (YoY -3.7%), Platform Business 130,422 Millions of yen (YoY +75.2%), Corporate and other 7,594 Millions of yen (YoY -24.4%)
Segment profitBrand business 8,854 Millions of yen (YoY -19.9%), Digital Business 2,277 Millions of yen (YoY -13.1%), Platform Business 4,171 Millions of yen (YoY +128.0%), Corporate and other 1,119 Millions of yen (YoY -24.7%)
Depreciation and amortization18,944 Millions of yen
Impairment loss166 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed
Changes in the scope of consolidationNew Number of companies 1 / Company name 株式会社ライトオン / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End73,717,266
Treasury Shares at Period-End927,726
Factors Behind Changes in Business PerformanceThe Platform Business posted higher profit due to the consolidation of MC Fashion and other factors. The apparel brands posted lower profit because their merchandising plans did not fully capture customer needs, product transitions were delayed, and sales fell short during the peak season. Temporary gains from making Right-on a consolidated subsidiary and other factors, together with the acquisition of Narumiya International as a wholly owned subsidiary, contributed to profit attributable to owners of the parent, while losses on the sale of land and buildings at the Kobe head office and investment losses at Laxus Technologies weighed on profit.
Items this document does not state (5)
Revision to Earnings ForecastRegional salesOrders received and order backlogBreakdown of extraordinary income (loss)Material subsequent events

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 Platform Business posted higher profit due to the consolidation of MC Fashion and other factors. Operating profit declined because the apparel brands did not fully capture customer needs, product transitions were delayed, and sales fell short during the peak season. Temporary gains from making Right-on a consolidated subsidiary and the acquisition of Narumiya International as a wholly owned subsidiary boosted profit attributable to owners of the parent, while losses on the sale of land and buildings at the Kobe head office and investment losses at Laxus Technologies weighed on profit.

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Summary of Financial Results for the Fiscal Year Ended February 2026 [IFRS] (Consolidated) | WORLD CO.,LTD. (3612) timely disclosure | Komori