Results for this period
Full year1 April 2025–31 March 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 yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue increased due to strong customer acquisition and growth in recurring subscribers generated by TV commercials for direct-to-consumer e-commerce, expanded sales through e-commerce marketplaces, and growth in the number of stores carrying products through external general distribution. Operating profit declined due to a decrease in OEM orders, budgets for major TV shopping programs falling short of plan, and the aggressive deployment of advertising and promotional expenses for direct-to-consumer e-commerce.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 10,118 million yen (YoY +19.4%) |
| Operating profit | 685 million yen (YoY -27.6%) |
| Ordinary income | 689 million yen (YoY -26.4%) |
| Profit attributable to owners of the parent | 518 million yen (YoY -20.3%) |
| Net income per share | ¥56.07 |
| Operating Margin | 6.8% |
| Equity ratio | End of the current fiscal period 40.1% / End of previous period 39.7% |
| Total assets | 4,537 million yen |
| Net assets | 1,818 million yen |
| Cash flows from operating activities | 762 million yen |
| Cash flows from investing activities | -8 million yen |
| Cash flows from financing activities | -701 million yen |
| Cash and cash equivalents at end of period | 1,623 million yen |
| Full-year earnings forecast | Net Sales Forecast value To be determined / Year-on-year change To be determined / Operating profit Forecast value To be determined / Year-on-year change To be determined / Ordinary income Forecast value To be determined / Year-on-year change To be determined / Net income Forecast value To be determined / Year-on-year change To be determined |
| Annual Dividend Forecast | 65 yen → 42 yen（-35.4%） |
| Payout ratio | 75.0% |
| Depreciation and amortization | 26,169 thousand yen |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | No applicable matters. |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | At a meeting of the Board of Directors held on 15 May 2026, the Company resolved to dispose of 52,379 treasury shares on 29 July 2026 as restricted stock compensation. The planned recipients are 108 employees, and the total disposal amount is ¥35,931,994. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 10,394,000 |
| Treasury Shares at Period-End | 1,140,785 |
| Factors Behind Changes in Business Performance | Revenue increased due to strong customer acquisition and growth in recurring subscribers generated by TV commercials for direct-to-consumer e-commerce, expanded sales through e-commerce marketplaces, and growth in the number of stores carrying products through external general distribution. Operating profit declined due to a decrease in OEM orders, budgets for major TV shopping programs falling short of plan, and the aggressive deployment of advertising and promotional expenses for direct-to-consumer e-commerce. |
Items this document does not state (7)
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 from direct-to-consumer e-commerce increased due to strong customer acquisition and growth in recurring subscribers generated by TV commercials, as well as expanded sales through e-commerce marketplaces. Revenue from external sales through general distribution also increased as the number of stores carrying the products grew. By contrast, revenue from external OEM sales declined due to a decrease in orders, while TV shopping revenue fell short of plan because budgets for major programs were not met. Operating profit declined due to these weak areas and the aggressive deployment of advertising and promotional expenses for direct-to-consumer e-commerce.