Revised forecast
Fiscal year ending July 2026 · Full yearPrevious forecast published 12 September 2025The 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.
Sales in Chinese e-commerce stagnated due to tensions in Japan-China relations and other factors, while inbound sales at directly operated stores also fell below expectations as the number of visitors to Japan declined. Sales stagnation at consolidated subsidiaries following price revisions and other measures, along with higher advertising and promotional expenses and commissions paid due to intensifying competition in Chinese e-commerce, also had an impact. Foreign exchange gains are expected, but are not expected to fully offset the shortfall in operating profit.
| Item | Details |
|---|---|
| Net Sales | ¥14,440 million → ¥13,500 million（-6.5%） |
| Operating profit | ¥570 million → ¥-250 million |
| Ordinary income | ¥560 million → ¥-34 million |
| Profit attributable to owners of the parent | ¥370 million → ¥-105 million |
| Net income per share | 16.23 yen → -4.59 yen |
| Fiscal Period Covered | Fiscal year ending July 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 12 September 2025 |
| Previous-period results | Revenue: ¥13,478 million; operating profit/loss: ¥513 million; ordinary profit/loss: ¥504 million; net profit/loss attributable to owners of the parent: ¥320 million; earnings/loss per share: ¥13.74 (fiscal year ended July 2025) |
| Reason for the revision | Sales in Chinese e-commerce stagnated due to tensions in Japan-China relations and other factors, while inbound sales at directly operated stores also fell below expectations as the number of visitors to Japan declined. Sales stagnation at consolidated subsidiaries following price revisions and other measures, along with higher advertising and promotional expenses and commissions paid due to intensifying competition in Chinese e-commerce, also had an impact. Foreign exchange gains are expected, but are not expected to fully offset the shortfall in operating profit. |
| Dividend forecast revision | No revision (the dividend forecast has not been changed in connection with this revision to the earnings forecast) |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Sales in Chinese e-commerce stagnated amid tensions in Japan-China relations and other factors, while inbound sales at directly operated stores also fell below expectations due to a decline in the number of visitors to Japan from China. In addition, subsidiary sales stagnated following price revisions and other measures in response to the weaker yen, while advertising and promotional expenses and commissions paid rose amid intensifying competition in Chinese e-commerce. Foreign exchange gains are also expected, but are not expected to fully offset the shortfall in operating profit.