Worth reading
65In focus
Scored from 3 of 6 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ending June 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit marginThe company mentioned a target consolidated operating profit margin of 8% for the fiscal year ending June 2028.
Full-year earnings forecastRevenue growth of approximately 12% in the marketing support business and a consolidated operating profit margin of 8% for the fiscal year ending June 2028
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
Contract renewal with Amazon.com, the value of @cosme in the AI era, J-Beauty and K-Beauty, the organizational change centered on the consumer perspective, the marketing support business plan and its contribution to earnings, new advertising services, store expansion and renovations, improvements to the Hong Kong flagship store, cross-border e-commerce in China, regional strategies in East Asia and Southeast Asia, and data and product sourcing coordination across regionsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The company explained that higher infrastructure costs, including security and database costs, would limit the increase in operating profit in the marketing support business.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Revenue growth of approximately 12% in the marketing support business. The planned figures are set as minimum thresholds that must be achieved.New initiatives
Establishment of @cosme Design Lab; adoption of a quasi-company structure that considers @cosme, e-commerce and stores on an integrated basis; development of new advertising services based on user attributes and behavior; renewed investment in the development and training of store personnel; review and revitalization of the Hong Kong stores; translation and integration of data from each region; and the creation of a system for reciprocal distribution of products from Korean and Chinese brandsMedium-term management plan targets
A consolidated operating profit margin of 8% for the fiscal year ending June 2028Number of stores and locations
The company referred to a long-term vision of approximately 80 stores. However, the current number of stores and the number of openings and closures during the period are not disclosed.| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ending June 2026 |
| Operating profit margin | The company mentioned a target consolidated operating profit margin of 8% for the fiscal year ending June 2028. |
| Full-year earnings forecast | Revenue growth of approximately 12% in the marketing support business and a consolidated operating profit margin of 8% for the fiscal year ending June 2028 |
| Breakdown of Factors Affecting the Change | The company explained that higher infrastructure costs, including security and database costs, would limit the increase in operating profit in the marketing support business. |
| Number of stores and locations | The company referred to a long-term vision of approximately 80 stores. However, the current number of stores and the number of openings and closures during the period are not disclosed. |
| Assumptions Underlying the Business Outlook | Revenue growth of approximately 12% in the marketing support business. The planned figures are set as minimum thresholds that must be achieved. |
| Medium-term management plan targets | A consolidated operating profit margin of 8% for the fiscal year ending June 2028 |
| Key points of the Q&A | Contract renewal with Amazon.com, the value of @cosme in the AI era, J-Beauty and K-Beauty, the organizational change centered on the consumer perspective, the marketing support business plan and its contribution to earnings, new advertising services, store expansion and renovations, improvements to the Hong Kong flagship store, cross-border e-commerce in China, regional strategies in East Asia and Southeast Asia, and data and product sourcing coordination across regions |
| New initiatives | Establishment of @cosme Design Lab; adoption of a quasi-company structure that considers @cosme, e-commerce and stores on an integrated basis; development of new advertising services based on user attributes and behavior; renewed investment in the development and training of store personnel; review and revitalization of the Hong Kong stores; translation and integration of data from each region; and the creation of a system for reciprocal distribution of products from Korean and Chinese brands |
Items this document does not state (21)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsKey KPIsUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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 cited the need to address consumer needs in the AI era, integrate online and offline channels, expand the distribution of brands and products overseas, and leverage its data and store network. Regarding the Hong Kong flagship store, it explained that the issues included insufficient understanding of local consumers, challenges in experience design and operations, and the effects of weather and location.
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.