Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 13 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Following a review of summer sales trends and assumptions for the year-end sales season, net sales are expected to fall below plan due to sales of functional apparel falling short as a result of weather conditions, the number of stores carrying the products falling short of target, and product launch postponements. In addition to the sales shortfall, operating profit was revised because promotions and investments in personnel and an e-commerce platform were implemented as planned. Net income was also revised due to the expected recognition of a goodwill impairment loss and an adjustment to income taxes (loss) associated with the reversal of deferred tax assets.
Goodwill impairment loss relating to consolidated subsidiary フジアンドチェリー株式会社: △¥71 million
| Item | Details |
|---|---|
| Net Sales | ¥13,200 million → ¥10,500 million（-20.5%） |
| Operating profit | ¥350 million → ¥-415 million |
| Ordinary income | ¥250 million → ¥-500 million |
| Profit attributable to owners of the parent | ¥127 million → ¥-670 million |
| Net income per share | 4.22 yen → -22.02 yen |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 February 2026 |
| Previous-period results | Fiscal year ended December 2025: net sales of ¥10,031 million, operating profit of ¥133 million, ordinary profit of ¥49 million, net income attributable to owners of the parent of ¥46 million, and earnings per share of ¥1.54 |
| Reason for the revision | Following a review of summer sales trends and assumptions for the year-end sales season, net sales are expected to fall below plan due to sales of functional apparel falling short as a result of weather conditions, the number of stores carrying the products falling short of target, and product launch postponements. In addition to the sales shortfall, operating profit was revised because promotions and investments in personnel and an e-commerce platform were implemented as planned. Net income was also revised due to the expected recognition of a goodwill impairment loss and an adjustment to income taxes (loss) associated with the reversal of deferred tax assets. |
| Details and amount of extraordinary loss | Goodwill impairment loss relating to consolidated subsidiary フジアンドチェリー株式会社: △¥71 million |
| Dividend forecast revision | The year-end dividend forecast has been changed from ¥2.00 per share to ¥0.00 per share, and the annual dividend forecast has been changed from ¥2.00 per share to ¥0.00 per share (no dividend). |
| Consolidated / non-consolidated | Consolidated and standalone |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For the core functional apparel line “FREEZETECH,” in-store demand fell short of expectations due to fewer extremely hot days than in the previous and prior years and the effects of a prolonged rainy season. In the toiletries and other categories, the number of stores carrying the products fell short of target, product launches were postponed, and sales fell short of target. In addition, the implementation of promotions and investments in personnel and an e-commerce platform as planned, together with the expected recognition of a ¥71 million goodwill impairment loss and an ¥83 million adjustment to income taxes associated with the reversal of deferred tax assets, also contributed to the expected downward revision in profit.