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
2314
¥ million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending September 202615 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥43,455 million+5.6%
Operating profit¥5,176 million+8.2%
Ordinary income¥5,202 million+6.7%
Net income¥3,507 million+37.3%
Operating profit margin11.9 %
Results for the three months of the current quarter
Net Sales
¥11,301 million
NotesFourth quarter of the fiscal year ended September 2026, Shinyaku Co., Ltd. on a non-consolidated basis
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending September 2027
Net Sales
¥46,000 million
Operating profit
¥5,400 million
Ordinary income
¥5,430 million
Net income
¥3,590 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of the plan, while operating profit exceeded the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year revenue variance
Revenue growth at Fun and Health20.7
Strong e-commerce performance1.8
Television Shopping0.5
Wholesale Sales1.8
Overseas Sales0.5
Year-on-year operating income variance
Revenue increase18.5
Gross Margin3.3
Advertising expenses-14.6
Promotional Expenses-0.8
FF costs0.2
Other SG&A expenses2.3
Change in operating profit versus plan
Failure to meet sales plans-12.2
Gross Margin1.1
Advertising expenses-6.9
Promotional Expenses-5.3
FF costs0.2
Other SG&A expenses13.4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Numerical assumptions for foreign exchange rates, raw material prices and interest rates are Not disclosed. The assumptions include EC expansion, continued concentrated investment in Fun and Health, new customer acquisition and stronger recurring subscriptions.New initiatives
- Continued concentrated investment in Fun and Health
- AI-based advertising analysis, call forecasting, speech recognition and VOC analysis
- Redesign of PERFECT ONE’s brand strategy
- Launch of new products and brands
- Expansion of overseas sales, primarily in the United States
- Portfolio Expansion through M&A
Key KPIsA metric the company considers important as a management benchmark.
- Number of new customers acquiredYear on year against the same period last year+24.0%
- Number of subscription customers4 10,000-person increaseYear on year against the same period last yearYear-on-year variance
- Customer database705 10,000 people
- Fun and Health revenue¥115.8 100 millionYear on year against the same period last year+68.2%
- Domestic and international e-commerce revenue¥11,540 millionYear on year against the same period last year+20.6%
Segment results
Cosmetics
Net Sales
¥31,012 million
Year on year against the same period last year-7.1%
Healthcare
Net Sales
¥12,442 million
Year on year against the same period last year+60.2%
Medium-term management plan targets
Plan nameGrowth Next 2027
Target fiscal yearFiscal year ending September 2027
Net Sales
¥520 100 million
Operating profit
¥60 100 million
Operating profit margin
11.5 %
Healthcare revenue
¥120 100 million
Overseas Sales
¥20 100 million
Domestic and international e-commerce revenue
¥166 100 million
Sales of brands under development
¥190 100 million
Financial targets
ROE target
15 % or higher
ROE for the fiscal year ending September 2026
14.7 %
Equity ratio
82.9 %
Market Size / Share
- All-in-one products market¥1,300 100 millionShareNo. 1 domestic sales share
- Green juice market (foods with function claims)¥125 100 millionShareNo.1
- Cleansing balm market¥207 100 millionShareNo. 2 domestic sales share
- Foods with function claims: powdered, granulated and instant coffee marketShareNo.1
- Diet-related market¥1,340 100 million
Number of stores and locations
Number of stores carrying Slimore Coffee12,500
Increase during period6,900
Number of employees
Number of Employees317 people
Change during the periodUp 1 from 316 in the previous period
Capital expenditures
¥235 million acquisitions of tangible fixed assets 120, acquisitions of intangible fixed assets 115
Annual Dividend
Fiscal year ending September 2026
Annual Dividend59 yen per share
Fiscal year ending September 2027
Annual Dividend60 yen per share
Payout ratio
35.6 %
TargetConsolidated payout ratio of at least 35%
Acquisition of treasury shares
The company will flexibly consider further enhancing shareholder returns, including share repurchases.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending September 2026 |
| Net Sales | ¥43,455 million (YoY +5.6%) |
| Operating profit | ¥5,176 million (YoY +8.2%) |
| Ordinary income | ¥5,202 million (YoY +6.7%) |
| Net income | ¥3,507 million (YoY +37.3%) |
| Operating profit margin | 11.9 % |
| Results for the three months of the current quarter | Net Sales ¥11,301 million |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending September 2027 / Net Sales ¥46,000 million / Operating profit ¥5,400 million / Ordinary income ¥5,430 million / Net income ¥3,590 million |
| Self-assessment against the plan | Revenue fell short of the plan, while operating profit exceeded the plan |
| Segment results | Cosmetics Net Sales ¥31,012 million / yoy_pct -7.1 / Healthcare Net Sales ¥12,442 million / yoy_pct 60.2 |
| Breakdown of Factors Affecting the Change | Year-on-year revenue variance Revenue growth at Fun and Health 20.7 / Strong e-commerce performance 1.8 / Television Shopping 0.5 / Wholesale Sales 1.8 / Overseas Sales 0.5 / Year-on-year operating income variance Revenue increase 18.5 / Gross Margin 3.3 / Advertising expenses -14.6 / Promotional Expenses -0.8 / FF costs 0.2 / Other SG&A expenses 2.3 / Change in operating profit versus plan Failure to meet sales plans -12.2 / Gross Margin 1.1 / Advertising expenses -6.9 / Promotional Expenses -5.3 / FF costs 0.2 / Other SG&A expenses 13.4 |
| Key KPIs | Indicator name Number of new customers acquired / Value Not disclosed / Year on year against the same period last year 24 Year-on-year variance, Indicator name Number of subscription customers / Value 4 10,000-person increase / Year on year against the same period last year Year-on-year variance, Indicator name Customer database / Value 705 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Fun and Health revenue / Value ¥115.8 100 million / Year on year against the same period last year ¥68.2 100 million, Indicator name Domestic and international e-commerce revenue / Value ¥11,540 million / Year on year against the same period last year ¥20.6 million |
| Number of stores and locations | Number of stores carrying Slimore Coffee 12,500 / Increase during period 6,900 |
| Number of employees | Number of Employees 317 people / Change during the period Up 1 from 316 in the previous period |
| Assumptions Underlying the Business Outlook | Numerical assumptions for foreign exchange rates, raw material prices and interest rates are Not disclosed. The assumptions include EC expansion, continued concentrated investment in Fun and Health, new customer acquisition and stronger recurring subscriptions. |
| Medium-term management plan targets | Plan name Growth Next 2027 / Target fiscal year Fiscal year ending September 2027 / Net Sales ¥520 100 million / Operating profit ¥60 100 million / Operating profit margin 11.5 % / Healthcare revenue ¥120 100 million / Overseas Sales ¥20 100 million / Domestic and international e-commerce revenue ¥166 100 million / Sales of brands under development ¥190 100 million |
| Financial targets | ROE target 15 % or higher / ROE for the fiscal year ending September 2026 14.7 % / Equity ratio 82.9 % |
| Annual Dividend | Fiscal year ending September 2026 Annual Dividend 59 yen per share / Fiscal year ending September 2027 Annual Dividend 60 yen per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 35.6 % |
| Acquisition of treasury shares | The company will flexibly consider further enhancing shareholder returns, including share repurchases. |
| Capital expenditures | ¥235 million (acquisitions of tangible fixed assets 120, acquisitions of intangible fixed assets 115) |
| Market Size / Share | Market All-in-one products market / Market Size ¥1,300 100 million / Share No. 1 domestic sales share, Market Green juice market (foods with function claims) / Market Size ¥125 100 million / Share No.1, Market Cleansing balm market / Market Size ¥207 100 million / Share No. 2 domestic sales share, Market Foods with function claims: powdered, granulated and instant coffee market / Share No.1, Market Diet-related market / Market Size ¥1,340 100 million |
| New initiatives | Continued concentrated investment in Fun and Health, AI-based advertising analysis, call forecasting, speech recognition and VOC analysis, Redesign of PERFECT ONE’s brand strategy, Launch of new products and brands, Expansion of overseas sales, primarily in the United States, Portfolio Expansion through M&A |
Items this document does not state (7)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookOrders 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.In Healthcare, concentrated investment in Fun and Health and growth in Slimore Coffee drove revenue growth. Cosmetics revenue declined due in part to a review of offline advertising investment for PERFECT ONE, but the impact of higher revenue, the reallocation of advertising investment and greater cost efficiency enabled operating profit to exceed the plan.
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.