Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026ConsolidatedIFRSThe 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.
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.
In the B2C Business, growth in Circular revenue and the newly consolidated Right-on and ワールドスタイルレーベルズ contributed to higher revenue and profit, while sluggish summer apparel sales had a negative impact. In the B2B Business, the expansion of external sales by エムシーファッション and TCN Co.,Ltd. drove profit. In the Common Division, costs associated with the leaseback and enhanced shareholder benefits, as well as upfront investment in human capital and new business development, became factors behind the decline in profit. Profit before finance and income taxes declined due to the absence of the gain on the valuation of the option value related to Right-on recorded in the same period of the previous year.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥142,489 million (YoY +4.1%) |
| Operating profit | ¥8,409 million (YoY +1.2%) |
| Ordinary income | ¥8,395 million (YoY -10.6%) |
| Profit attributable to owners of the parent | ¥5,877 million (YoY +4.2%) |
| Net income per share | ¥77.11 |
| Equity ratio | End of the current fiscal period 37.3 / End of previous period 33.8 |
| Total assets | ¥267,228 million |
| Net assets | ¥100,205 million |
| Cash flows from operating activities | ¥16,603 million |
| Cash flows from investing activities | ¥-2,736 million |
| Cash flows from financing activities | ¥-16,168 million |
| Cash and cash equivalents at end of period | ¥15,984 million |
| Full-year earnings forecast | Net Sales ¥300,000 million (YoY +5.6%) / Operating profit ¥17,500 million (YoY +11.5%) / Ordinary income ¥17,550 million (YoY +8.5%) / Net income ¥12,600 million (YoY +4.9%) |
| Annual Dividend Forecast | ¥109.00 (actual for the fiscal year ended February 2026) → ¥67.00 (forecast for the fiscal year ending February 2027) |
| Segment revenue | B2C business ¥108,403 million (YoY +8.2%), B2B Business ¥49,845 million (YoY +3.3%), Corporate and other ¥7,284 million (YoY -1.6%) |
| Segment profit | B2C business ¥4,559 million (YoY +0.1%), B2B Business ¥3,089 million (YoY +12.3%), Corporate and other ¥637 million (YoY -39.4%) |
| Depreciation and amortization | ¥10,197 million (depreciation and amortization) |
| Impairment loss | ¥0 million (assets subject to impairment: Not disclosed) |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement Yes |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 77,139,828 |
| Treasury Shares at Period-End | 857,631 |
| Factors Behind Changes in Business Performance | In the B2C Business, growth in Circular revenue and the newly consolidated Right-on and ワールドスタイルレーベルズ contributed to higher revenue and profit, while sluggish summer apparel sales had a negative impact. In the B2B Business, the expansion of external sales by エムシーファッション and TCN Co.,Ltd. drove profit. In the Common Division, costs associated with the leaseback and enhanced shareholder benefits, as well as upfront investment in human capital and new business development, became factors behind the decline in profit. Profit before finance and income taxes declined due to the absence of the gain on the valuation of the option value related to Right-on recorded in the same period of the previous year. |
Items this document does not state (8)
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.Revenue benefited from the growth of Circular businesses other than apparel and the revenue contribution from the newly consolidated Right-on and ワールドスタイルレーベルズ. On the profit side, the expansion of external sales in the B2B Business and improved profitability at the 2 newly consolidated companies contributed positively, while sluggish summer apparel sales and upfront investment by the Common Division had a negative impact. Profit before finance and income taxes declined due to the absence of the gain on the valuation of Right-on's option value recorded in the same period of the previous year.