Worth reading
75Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
13.7
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results Presentation2026年1月期 第3四半期12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales16,156 Millions of yen+13.7%
Operating profit1,302 Millions of yen+4.3%
Ordinary income1,317 Millions of yen+5.4%
Net income838 Millions of yen+7.8%
Gross Profit Margin44.0%
Operating profit margin8.1%
Selling, general and administrative expenses5,799 Millions of yen
Results for the three months of the current quarter
Net Sales
5,110 Millions of yen+9.9%
Operating profit
405 Millions of yen-7.0%
Full-year earnings forecast
Net Sales
20,586 Millions of yen
Operating profit
1,389 Millions of yen
Ordinary income
1,408 Millions of yen
Net income for the current fiscal year
930 Millions of yen
Number of stores
154 stores
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales78.5%
Operating profit93.7%
Ordinary income93.6%
Quarterly net income90.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
概ね想定通りの進捗Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- 二桁増収に対して営業利益の増益が小さい理由
- 営業利益進捗率が高い理由
- Impact of Foreign Exchange Movements on Results
- Seasonality of Operating Results
- 四半期ごとの売上総利益率の違い
- 客単価の変動理由
- カテゴリー別・PB/NB別の売上総利益率
- 自転車小売市場の現況
- 電動モビリティの影響
- 同業他社との差異
- Mobile repair services
- Store-opening costs per store
- Implementation of Shareholder Benefits
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue increase
- Cost of sales
- Increase in employee headcount and salary revisions
- Personnel expenses
- Rent
- Supplies expense
- Payment commissions
- Other
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates¥150 per US dollar
Store Opening Plans20 locations
4Q出店予定6 stores
New initiatives
- オリジナルスポーツバイクブランドARTMAに新カラーを追加
- ロードバイクRYLASコスモスカラーを480・430サイズ各50台限定で発売
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative revenue at existing stores104.2 % year on yearYear on year against the same period last year+4.2%
- Cumulative customer count at existing stores101.6 % year on yearYear on year against the same period last year+1.6%
- Cumulative average spend per customer at existing stores102.5 % year on yearYear on year against the same period last year+2.5%
- Private-label sales ratio33.5 %Year on year against the same period last year-0.8%
- Market Size3,700 Approximately ¥100 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Same-store customer traffic101.6 % year on year
- Same-store spend per customer102.5 % year on year
Market Size / Share
3,700
Market size unitApproximately ¥100 million
Number of stores and locations
Number of Stores at Period-End148 stores
Breakdown
Company-operated stores144
Franchised stores4
Openings and closures during the period新規出店14店、FC店の直営化2店、退店は通期計画上0店
Number of employees
Number of Employees797 People
As of2025年1月末時点
Annual Dividend
Annual dividend per share¥68
Payout ratio
20.1 %
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | 2026年1月期 第3四半期 |
| Net Sales | 16,156 Millions of yen (YoY +13.7%) |
| Operating profit | 1,302 Millions of yen (YoY +4.3%) |
| Ordinary income | 1,317 Millions of yen (YoY +5.4%) |
| Net income | 838 Millions of yen (YoY +7.8%) |
| Gross Profit Margin | 44.0% |
| Operating profit margin | 8.1% |
| Selling, general and administrative expenses | 5,799 Millions of yen |
| Results for the three months of the current quarter | Net Sales 5,110 Millions of yen (YoY +9.9%) / Operating profit 405 Millions of yen (YoY -7.0%) |
| Full-year earnings forecast | Net Sales 20,586 Millions of yen / Operating profit 1,389 Millions of yen / Ordinary income 1,408 Millions of yen / Net income for the current fiscal year 930 Millions of yen / Number of stores 154 stores |
| Progress against full-year forecast | Net Sales 78.5% / Operating profit 93.7% / Ordinary income 93.6% / Quarterly net income 90.1% |
| Self-assessment against the plan | 概ね想定通りの進捗 |
| Breakdown of Factors Affecting the Change | Revenue increase, Cost of sales, Increase in employee headcount and salary revisions, Personnel expenses, Rent, Supplies expense, Payment commissions, Other |
| Key KPIs | Indicator name Cumulative revenue at existing stores / Value 104.2 % year on year / Year on year against the same period last year 4.2 % year on year, Indicator name Cumulative customer count at existing stores / Value 101.6 % year on year / Year on year against the same period last year 1.6 % year on year, Indicator name Cumulative average spend per customer at existing stores / Value 102.5 % year on year / Year on year against the same period last year 2.5 % year on year, Indicator name Private-label sales ratio / Value 33.5 % / Year on year against the same period last year -0.8 %, Indicator name Market Size / Value 3,700 Approximately ¥100 million / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Same-store customer traffic / Value 101.6 % year on year, Indicator name Same-store spend per customer / Value 102.5 % year on year |
| Number of stores and locations | Number of Stores at Period-End 148 stores / Breakdown Company-operated stores 144 / Franchised stores 4 / Openings and closures during the period 新規出店14店、FC店の直営化2店、退店は通期計画上0店 |
| Number of employees | Number of Employees 797 People / As of 2025年1月末時点 / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates ¥150 per US dollar / Store Opening Plans 20 locations / 4Q出店予定 6 stores |
| Annual Dividend | Annual dividend per share ¥68 / Breakdown Not disclosed |
| Payout ratio | 20.1 % |
| Market Size / Share | Market Size 3,700 / Market size unit Approximately ¥100 million / Share Not disclosed |
| Key points of the Q&A | 二桁増収に対して営業利益の増益が小さい理由, 営業利益進捗率が高い理由, Impact of Foreign Exchange Movements on Results, Seasonality of Operating Results, 四半期ごとの売上総利益率の違い, 客単価の変動理由, カテゴリー別・PB/NB別の売上総利益率, 自転車小売市場の現況, 電動モビリティの影響, 同業他社との差異, Mobile repair services, Store-opening costs per store, Implementation of Shareholder Benefits |
| New initiatives | オリジナルスポーツバイクブランドARTMAに新カラーを追加, ロードバイクRYLASコスモスカラーを480・430サイズ各50台限定で発売 |
Items this document does not state (7)
Segment resultsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlog
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.売上高は店舗数の増加および電動アシスト車販売の好調により増加した。営業利益は、電動アシスト車比率の上昇による売上総利益率の低下や、新規出店に伴う人件費・地代家賃・消耗品費などの増加があったものの、増益となった。第3四半期単独の営業利益は、新店出店に伴う費用増加により減益となった。
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.