Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | I-ne CO.,LTD. (4933) timely disclosure

Worth reading

63In focus

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Improvement

Direction inferred from the company’s description.

Scale

¥100 million

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending December 202610 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥268 100 million+20.1%

Operating profit¥20.1 100 million+19.2%

Selling, general and administrative expensesAmount not stated

Gross Profit Margin

Cost-of-sales ratio37.4%

Year-on-year change in cost of sales ratio, in percentage points△3.7pt

Operating profit margin

Rate7.5%

Results for the three months of the current quarter

Net Sales

14,314 million yen

Operating profit

1,246 million yen

EBITDA

1,692 million yen

Operating profit margin8.7%

EBITDA margin11.8%

Full-year earnings forecast

Consolidated revenue

550～570

Consolidated EBITDA

17～32

Consolidated operating profit

0～15

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

First-half factors improving results

Stronger-than-expected sales growth
Reduction of excess inventory
Lower intermediary margins for beauty appliances
Growth in mid- to high-priced products
Growth in the skincare and other categories
Streamlining of business processes through the use of AI and other measures
Optimization of personnel allocation

Items with stated amounts

Additional advertising and sales promotion investment¥14 100 million
Impact of expanding shareholder benefits and other measures¥1.6 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Second-half cost increases due to the impact of the Strait of HormuzApproximately ¥500 million to ¥600 million

Increase in costs versus the initial assumption due to yen depreciationApproximately ¥300 million

New initiatives

Launch of the UNIPLEX haircare products
Additional large-scale strategic investments
Design and implementation of a governance system for recurrence-prevention measures
New grants by the BOTANIST Foundation to NPO birth and Kyoto Botanical Gardens
Semiannual payment of dividends and shareholder benefits

Key KPIsA metric the company considers important as a management benchmark.

Cumulative YOLU series unit sales1 At least ¥100 million units
BOTANIST body wash foam net sales+105.0% year on year
Year on year against the same period last year+105.0%
Beauty appliance 2Q standalone net sales¥35.9 100 million
Year on year against the same period last year+31.8%
Beauty appliance quarterly net salesRecord high
Total net sales of health food brands23 Approximately ¥100 million
Number of stores supplied offline65,000 Approximately stores

Segment results

Hair care products

Net Sales

¥142.1 100 million

Year-on-year (%)12.2

Beauty appliances

Net Sales

¥59.8 100 million

Year-on-year (%)12.8

Skincare and other products

Net Sales

¥66 100 million

Year-on-year (%)52.3

Financial targets

Net debt/EBITDA ratio2.0x or lower (financial discipline when considering M&A investments)

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

5～6
DetailsSecond-half cost increases due to the impact of the Strait of Hormuz
3 Approximately ¥100 million
DetailsIncrease in costs versus the initial assumption due to yen depreciation

Number of employees

Number of Employees387 people

Reference dateEnd of June 2026

Annual Dividend

Annual dividend per share15 yen

Interim7 yen

End of period8 yen

Acquisition of treasury shares

Actual purchases

¥5 100 million

TimingMay 2024

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Second quarter of the fiscal year ending December 2026
Net Sales	¥268 100 million (YoY +20.1%)
Operating profit	¥20.1 100 million (YoY +19.2%)
Gross Profit Margin	Rate Not disclosed / Year-on-year change (points) Not disclosed / Cost-of-sales ratio 37.4% / Year-on-year change in cost of sales ratio, in percentage points △3.7pt
Operating profit margin	Rate 7.5% / Year-on-year change (points) Not disclosed
Selling, general and administrative expenses	非開示
Results for the three months of the current quarter	Net Sales 14,314 million yen / Operating profit 1,246 million yen / EBITDA 1,692 million yen / Operating profit margin 8.7% / EBITDA margin 11.8%
Full-year earnings forecast	Consolidated revenue 550～570 / Consolidated EBITDA 17～32 / Consolidated operating profit 0～15
Segment results	Hair care products Net Sales ¥142.1 100 million / Year-on-year (%) 12.2 / Profit Not disclosed / Beauty appliances Net Sales ¥59.8 100 million / Year-on-year (%) 12.8 / Profit Not disclosed / Skincare and other products Net Sales ¥66 100 million / Year-on-year (%) 52.3 / Profit Not disclosed
Breakdown of Factors Affecting the Change	First-half factors improving results Stronger-than-expected sales growth, Reduction of excess inventory, Lower intermediary margins for beauty appliances, Growth in mid- to high-priced products, Growth in the skincare and other categories, Streamlining of business processes through the use of AI and other measures, Optimization of personnel allocation / Items with stated amounts Name Additional advertising and sales promotion investment / Amount ¥14 100 million, Name Impact of expanding shareholder benefits and other measures / Amount ¥1.6 100 million
Key KPIs	Indicator name Cumulative YOLU series unit sales / Value 1 At least ¥100 million units / Year on year against the same period last year Not disclosed, Indicator name BOTANIST body wash foam net sales / Value +105.0% year on year / Year on year against the same period last year 105 %, Indicator name Beauty appliance 2Q standalone net sales / Value ¥35.9 100 million / Year on year against the same period last year ¥31.8 100 million, Indicator name Beauty appliance quarterly net sales / Value Record high / Year on year against the same period last year Not disclosed, Indicator name Total net sales of health food brands / Value 23 Approximately ¥100 million / Year on year against the same period last year Not disclosed, Indicator name Number of stores supplied offline / Value 65,000 Approximately stores / Year on year against the same period last year Not disclosed
Number of employees	Number of Employees 387 people / Reference date End of June 2026 / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business Outlook	Second-half cost increases due to the impact of the Strait of Hormuz Approximately ¥500 million to ¥600 million / Increase in costs versus the initial assumption due to yen depreciation Approximately ¥300 million
Risk amount incorporated into the outlook	Amount 5～6 / Details Second-half cost increases due to the impact of the Strait of Hormuz, Amount 3 Approximately ¥100 million / Details Increase in costs versus the initial assumption due to yen depreciation
Financial targets	Net debt/EBITDA ratio 2.0x or lower (financial discipline when considering M&A investments) / ROE Not disclosed / ROIC Not disclosed / Debt-to-equity ratio Not disclosed / Equity ratio Not disclosed
Annual Dividend	Annual dividend per share 15 yen / Interim 7 yen / End of period 8 yen
Acquisition of treasury shares	Buyback limit Not disclosed / Actual purchases Amount ¥5 100 million / Timing May 2024 / Number of Shares Not disclosed / Period Not disclosed
New initiatives	Launch of the UNIPLEX haircare products, Additional large-scale strategic investments, Design and implementation of a governance system for recurrence-prevention measures, New grants by the BOTANIST Foundation to NPO birth and Kyoto Botanical Gardens, Semiannual payment of dividends and shareholder benefits

Items this document does not state (12)

Ordinary incomeNet incomeProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsMedium-term management plan targetsPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.

First-half net sales grew by double digits year on year across all categories, driven by stronger-than-expected sales growth, the reduction of excess inventory, lower intermediary margins for beauty appliances, and growth in mid- to high-priced products and the skincare and other categories. In the second half, the company expects to continue making large-scale strategic investments, while anticipating cost increases of approximately ¥500 million to ¥600 million due to the impact of the Strait of Hormuz and approximately ¥300 million versus the initial plan due to yen depreciation.

How to read this page

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