Worth reading
56In 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
-5.2
Year-on-year change (revenue, %)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending January 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,228 million-5.2%
Operating profit¥26 million-47.6%
Ordinary income¥14 million-68.5%
Net income¥9 million-68.5%
Gross Profit Margin34.7%
Operating profit margin1.2%
Results for the three months of the current quarter
Net Sales
¥1,036 million-9.6%
Operating profit
¥5 million-84.2%
Full-year earnings forecast
Net Sales
¥5,000 million
Operating profit
¥220 million
Ordinary income
¥190 million
Net income
¥110 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales44.6%
Operating profit12.2%
Ordinary income7.9%
Net income8.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance has generally remained within the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Golf Equipment Sales Services
¥-153 million
Travel business
¥-63 million
Other Businesses
¥94 million
Operating profit
Golf Business
¥9 million
Travel business
¥-5 million
Other Businesses
¥8 million
Adjustments
¥-1 million
New initiatives
- Preparing to launch the AI golf support app "MySwing"
- Rolling out the golf course DX service "Ripi-Zo-kun DX"
- Preparing to launch the AI dynamic pricing service "Nigiwai-kun"
- Developing collaborative golfwear with 株式会社りらいぶ
- Launching a golf club rental service
- Relocation to a New Head Office
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative members of the One-Person Golf Booking Land service129 10,000 usersYear on year against the same period last year+7.5%
- Members of the 1-person reservation platform (1人予約ランド)130 10,000 people
- Domestic golf course network1,700 courses
- Connections with Golf Courses in Japan70 %
- Light-user ratio86.3 %
- Average monthly number of bookings4 times
Segment results
Golf Business
Net Sales
¥817 million-9.2%
Segment profit
Year on year against the same period last year+3.8%
Travel business
Revenue for the Second Quarter
¥71 million
Other Businesses
Revenue for the Second Quarter
¥55 million
Financial targets
Equity ratio
Track record32.3 %
Market Size / Share
Connections with Golf Courses in JapanApproximately 70%
NetworkApproximately 1,700 courses
Number of stores and locations
Number of Golf Equipment Stores4
Number of employees
77 People consolidated
Record date31 January 2026
Annual Dividend
¥25 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending January 2027 |
| Net Sales | ¥2,228 million (YoY -5.2%) |
| Operating profit | ¥26 million (YoY -47.6%) |
| Ordinary income | ¥14 million (YoY -68.5%) |
| Net income | ¥9 million (YoY -68.5%) |
| Gross Profit Margin | 34.7% |
| Operating profit margin | 1.2% |
| Results for the three months of the current quarter | Net Sales ¥1,036 million (YoY -9.6%) / Operating profit ¥5 million (YoY -84.2%) |
| Full-year earnings forecast | Net Sales ¥5,000 million / Operating profit ¥220 million / Ordinary income ¥190 million / Net income ¥110 million |
| Progress against full-year forecast | Net Sales 44.6% / Operating profit 12.2% / Ordinary income 7.9% / Net income 8.6% |
| Self-assessment against the plan | Performance has generally remained within the initial plan |
| Segment results | Golf Business Net Sales ¥817 million (YoY -9.2%) / Segment profit yoy_pct 3.8 / Travel business Revenue for the Second Quarter ¥71 million / Other Businesses Revenue for the Second Quarter ¥55 million |
| Breakdown of Factors Affecting the Change | Net Sales Golf Equipment Sales Services ¥-153 million / Travel business ¥-63 million / Other Businesses ¥94 million / Operating profit Golf Business ¥9 million / Travel business ¥-5 million / Other Businesses ¥8 million / Adjustments ¥-1 million |
| Key KPIs | Cumulative members of the One-Person Golf Booking Land service 129 10,000 users, Members of the 1-person reservation platform (1人予約ランド) 130 10,000 people, Domestic golf course network 1,700 courses, Connections with Golf Courses in Japan 70 %, Light-user ratio 86.3 %, Average monthly number of bookings 4 times |
| Number of stores and locations | Number of Golf Equipment Stores 4 / Number of store openings and closures during the period Not disclosed |
| Number of employees | 77 People (consolidated) |
| Financial targets | Equity ratio Track record 32.3 % |
| Annual Dividend | ¥25 per share |
| Market Size / Share | Connections with Golf Courses in Japan Approximately 70% / Network Approximately 1,700 courses |
| New initiatives | Preparing to launch the AI golf support app "MySwing", Rolling out the golf course DX service "Ripi-Zo-kun DX", Preparing to launch the AI dynamic pricing service "Nigiwai-kun", Developing collaborative golfwear with 株式会社りらいぶ, Launching a golf club rental service, Relocation to a New Head Office |
Items this document does not state (10)
Selling, general and administrative expensesUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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 primary reason for the decline in revenue was a change in sales policy for the golf equipment sales service, which prioritized preserving profit over revenue by avoiding excessive price competition. Although the shift in policy for golf equipment sales increased profit, operating profit declined due to expenses related to the acquisition of a business and upfront investment in developing new AI-enabled services.
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.