Results for this period
Interim period (second quarter)1 September 2025–28 February 2026Non-consolidated (standalone)Japanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales remained sluggish due to product assortment issues and fell short of plan. Although the company worked to increase the proportion of private-label products, improve its purchase cost ratio and reduce selling, general and administrative expenses, the operating loss widened because of the decline in net sales. The ordinary loss was also affected by ¥225 million in non-operating expenses, including advisory fees related to the share exchange. The bottom-line result included ¥248 million in extraordinary income and ¥116 million in extraordinary losses.
Material events or conditions related to the going concern assumption are disclosed. The continued operating loss, ordinary loss and interim net loss, together with negative net worth, constitute events or conditions that raise substantial doubt about the company's ability to continue as a going concern. However, the company has determined that concerns about its near-term funding have been resolved through support from ワールド and that no material uncertainty exists. No matters requiring disclosure are noted in the notes on the going concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | ¥10,388 million (YoY -38.6%) |
| Operating profit | ¥-610 million |
| Ordinary income | ¥-813 million |
| Profit attributable to owners of the parent | ¥-846 million |
| Net income per share | -¥23.85 |
| Equity ratio | End of the current fiscal period △3.5% / End of previous period 3.8% |
| Total assets | ¥11,197 million |
| Net assets | ¥-389 million |
| Cash flows from operating activities | ¥-184 million |
| Cash flows from investing activities | ¥93 million |
| Cash flows from financing activities | ¥399 million |
| Cash and cash equivalents at end of period | ¥887 million |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Depreciation and amortization | ¥0 million |
| Impairment loss | ¥112 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on reversal of subscription rights to shares / Amount ¥40 million, Item Reversal of provision for store closure losses / Amount ¥190 million, Item Insurance proceeds received / Amount ¥17 million / Total extraordinary income Amount ¥248 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥2 million, Item Impairment Losses / Amount ¥112 million, Item Other / Amount ¥1 million / Total extraordinary loss Amount ¥116 million |
| Disclosure regarding the going concern assumption | Material events or conditions related to the going concern assumption are disclosed. The continued operating loss, ordinary loss and interim net loss, together with negative net worth, constitute events or conditions that raise substantial doubt about the company's ability to continue as a going concern. However, the company has determined that concerns about its near-term funding have been resolved through support from ワールド and that no material uncertainty exists. No matters requiring disclosure are noted in the notes on the going concern assumption. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | The share exchange with ワールド took effect on 1 March 2026, making the company a wholly owned subsidiary. The company was delisted on 26 February 2026 beforehand, and on 31 March 2026 it drew down a new ¥2,600 million loan from ワールド and repaid its borrowings from existing relationship banks. |
| Issued Shares at Period-End | 35,540,591 Shares |
| Treasury Shares at Period-End | 52,822 Shares |
| Factors Behind Changes in Business Performance | Net sales remained sluggish due to product assortment issues and fell short of plan. Although the company worked to increase the proportion of private-label products, improve its purchase cost ratio and reduce selling, general and administrative expenses, the operating loss widened because of the decline in net sales. The ordinary loss was also affected by ¥225 million in non-operating expenses, including advisory fees related to the share exchange. The bottom-line result included ¥248 million in extraordinary income and ¥116 million in extraordinary losses. |
Items this document does not state (12)
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.There were signs of a recovery in customer numbers following the launch of new women's apparel products and a review of price ranges. However, net sales remained sluggish due to product assortment issues, including an overly narrow range of styles in tops and goods and insufficient development of fashion accessories for transitional seasons. On the earnings front, the decline in net sales reduced gross profit, while the company worked to increase the proportion of private-label products, improve its purchase cost ratio and reduce costs.