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Financial Results Presentation5889Japan Eyewear Holdings Co.,Ltd.Retail

Presentation Materials on Financial Results for the Fiscal Year Ended January 2026

2026年1月期は、店舗売上や海外顧客向け売上の伸びにより売上収益と営業利益が過去最高となった。一方、訪日外国人向け売上の伸び悩みで通期予想を下回り、繰延税金資産の反動で当期利益は減少した。

Worth reading
77Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1974
Millions of yen (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ending January 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales18,640 Millions of yen+11.8%
Operating profit5,957 Millions of yen+11.8%
Ordinary income¥5,623 million +14.5%profit before tax
Net income3,783 Millions of yen -5.3%profit for the period
Gross Profit Margin78.7
Operating profit margin32
Selling, general and administrative expenses8,725 Millions of yen
Results for the three months of the current quarter
Revenue
5,217 Millions of yen
Operating profit
1,637 Millions of yen
インバウンド売上
1,035 Millions of yen+2.8%
Full-year earnings forecast
Revenue
20,600 Millions of yen
Cost of sales
4,100 Millions of yen
Gross profit
16,500 Millions of yen
Operating profit
6,800 Millions of yen
Income before taxes
6,500 Millions of yen
Profit for the period
4,400 Millions of yen
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。
Revenue98.6
Cost of sales103.1
Gross profit97.5
Selling, general and administrative expenses98.5
Operating profit96.1
EBITDA98.4
Adjusted EBITDA98.4
Income before taxes95.3
Income tax expense96.9
Profit for the period94.6
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Plan not achieved
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • 国内店舗インバウンド売上・既存店373 Millions of yen
  • 国内店舗インバウンド売上・新店134 Millions of yen
  • 国内店舗インバウンド売上・閉店他-37 Millions of yen
  • Overseas Directly Operated Stores376 Millions of yen
  • Overseas wholesale470 Millions of yen
  • 国内店舗日本人向け売上・既存店490 Millions of yen
  • 国内店舗日本人向け売上・新店491 Millions of yen
  • 国内店舗日本人向け売上・閉店他-136 Millions of yen
  • Domestic wholesale-185 Millions of yen
  • Other230 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • New domestic store openingsAt least 5 stores
    SubjectFiscal year ending January 2027
  • 中国及び周辺諸国の新規出店2店舗以上
    SubjectFiscal year ending January 2027
  • Sales to overseas customers as a percentage of total sales35 %
  • Inbound sales¥40 million
New initiatives
  • 2026年夏に福井県鯖江市へフラッグシップストアを開設予定
  • 2027年1月期に国内5店舗以上、中国・周辺諸国2店舗以上を新規出店予定
  • Implemented price revisions for both brands
  • 福井県鯖江市の表面処理業者ハンズを子会社化
  • タイホウの製造機能を活用したフォーナインズ製品の内製化強化
  • より高いシナジーを目指した社内組織改編
Key KPIsA metric the company considers important as a management benchmark.
  • Sales to overseas customers6,300 百万円前後
    Year on year against the same period last year+20.6%
  • Sales to overseas customers as a percentage of total sales34.1 %
  • 国内店舗既存店売上高（金子眼鏡）107.3 Year-on-year %
  • 国内店舗既存店売上高（フォーナインズ）107.9 Year-on-year %
  • 一式単価（金子眼鏡）¥82,279
    Year on year against the same period last year+32.6%
  • 一式単価（フォーナインズ）¥81,973
    Year on year against the same period last year+21.1%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
一式単価（金子眼鏡82,279円、2019年1月期比+32.6%；フォーナインズ81,973円、2019年1月期比+21.1%）
Segment results
金子眼鏡
Net Sales12,469
Revenue_unitMillions of yen
Revenue_yoy_pct15.5
Segment profit4,686
Profit_unitMillions of yen
Profit_yoy_pct15
フォーナインズ
Net Sales6,171
Revenue_unitMillions of yen
Revenue_yoy_pct5.1
Segment profit1,855
Profit_unitMillions of yen
Profit_yoy_pct4.6
Common and adjustments
Segment profit-584 Millions of yen
Year on year against the same period last year+12.5%
Medium-term management plan targets
Revenue
¥280 million
Target fiscal yearFiscal year ending January 2030
Operating profit
¥100 million
Target fiscal yearFiscal year ending January 2030
Operating profit margin
36 %
Target fiscal yearFiscal year ending January 2030
ROE
25 % or higher
Target fiscal yearFiscal year ending January 2030
Financial targets
ROE
Target25 %
Actual results20.8 %
Cost of shareholders’ equity
13.26 %
Number of stores and locations
2026年1月期末113店舗。新規出店10店舗、退店・移転2店舗（通期計画も113店舗、出店10店舗、退店・移転2店舗）。
Capital expenditures
40～50新規出店1店舗当たり
Annual Dividend
Fiscal year ending January 2026
End of period¥42 per share
Fiscal year ending January 2027
Annual¥86 per share
Payout ratio
40 % approximate
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending January 2026
Net Sales18,640 Millions of yen (YoY +11.8%)
Operating profit5,957 Millions of yen (YoY +11.8%)
Ordinary income¥5,623 million (profit before tax) (YoY +14.5%)
Net income3,783 Millions of yen (profit for the period) (YoY -5.3%)
Gross Profit Margin78.7
Operating profit margin32
Selling, general and administrative expenses8,725 Millions of yen
Results for the three months of the current quarterRevenue 5,217 Millions of yen / Operating profit 1,637 Millions of yen / インバウンド売上 1,035 Millions of yen (YoY +2.8%)
Full-year earnings forecastRevenue 20,600 Millions of yen / Cost of sales 4,100 Millions of yen / Gross profit 16,500 Millions of yen / Operating profit 6,800 Millions of yen / Income before taxes 6,500 Millions of yen / Profit for the period 4,400 Millions of yen
Progress against full-year forecastRevenue 98.6 / Cost of sales 103.1 / Gross profit 97.5 / Selling, general and administrative expenses 98.5 / Operating profit 96.1 / EBITDA 98.4 / Adjusted EBITDA 98.4 / Income before taxes 95.3 / Income tax expense 96.9 / Profit for the period 94.6
Self-assessment against the planPlan not achieved
Segment results金子眼鏡 Net Sales 12,469 / Revenue_unit Millions of yen / Revenue_yoy_pct 15.5 / Segment profit 4,686 / Profit_unit Millions of yen / Profit_yoy_pct 15 / フォーナインズ Net Sales 6,171 / Revenue_unit Millions of yen / Revenue_yoy_pct 5.1 / Segment profit 1,855 / Profit_unit Millions of yen / Profit_yoy_pct 4.6 / Common and adjustments Segment profit -584 Millions of yen / yoy_pct 12.5 Millions of yen
Breakdown of Factors Affecting the ChangeFactors 国内店舗インバウンド売上・既存店 / Amount 373 Millions of yen, Factors 国内店舗インバウンド売上・新店 / Amount 134 Millions of yen, Factors 国内店舗インバウンド売上・閉店他 / Amount -37 Millions of yen, Factors Overseas Directly Operated Stores / Amount 376 Millions of yen, Factors Overseas wholesale / Amount 470 Millions of yen, Factors 国内店舗日本人向け売上・既存店 / Amount 490 Millions of yen, Factors 国内店舗日本人向け売上・新店 / Amount 491 Millions of yen, Factors 国内店舗日本人向け売上・閉店他 / Amount -136 Millions of yen, Factors Domestic wholesale / Amount -185 Millions of yen, Factors Other / Amount 230 Millions of yen
Key KPIsIndicator name Sales to overseas customers / Value 6,300 百万円前後 / Year on year against the same period last year 20.6 百万円前後, Indicator name Sales to overseas customers as a percentage of total sales / Value 34.1 %, Indicator name 国内店舗既存店売上高（金子眼鏡） / Value 107.3 Year-on-year %, Indicator name 国内店舗既存店売上高（フォーナインズ） / Value 107.9 Year-on-year %, Indicator name 一式単価（金子眼鏡） / Value ¥82,279 / Year on year against the same period last year ¥32.6, Indicator name 一式単価（フォーナインズ） / Value ¥81,973 / Year on year against the same period last year ¥21.1
Unit price and quantity metrics一式単価（金子眼鏡82,279円、2019年1月期比+32.6%；フォーナインズ81,973円、2019年1月期比+21.1%）
Number of stores and locations2026年1月期末113店舗。新規出店10店舗、退店・移転2店舗（通期計画も113店舗、出店10店舗、退店・移転2店舗）。
Assumptions Underlying the Business OutlookItem New domestic store openings / Value At least 5 stores / Subject Fiscal year ending January 2027, Item 中国及び周辺諸国の新規出店 / Value 2店舗以上 / Subject Fiscal year ending January 2027, Item Sales to overseas customers as a percentage of total sales / Value 35 %, Item Inbound sales / Value ¥40 million
Medium-term management plan targetsRevenue ¥280 million / Operating profit ¥100 million / Operating profit margin 36 % / ROE 25 % or higher
Financial targetsROE Target 25 % / Actual results 20.8 % / Cost of shareholders’ equity 13.26 %
Annual DividendFiscal year ending January 2026 End of period ¥42 per share / Fiscal year ending January 2027 Annual ¥86 per share
Payout ratio40 % (approximate)
Capital expenditures40～50
New initiatives2026年夏に福井県鯖江市へフラッグシップストアを開設予定, 2027年1月期に国内5店舗以上、中国・周辺諸国2店舗以上を新規出店予定, Implemented price revisions for both brands, 福井県鯖江市の表面処理業者ハンズを子会社化, タイホウの製造機能を活用したフォーナインズ製品の内製化強化, より高いシナジーを目指した社内組織改編
Items this document does not state (6)
Number of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesOrders 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.

店舗売上の増加、海外直営店・海外卸・国内店舗インバウンド売上の伸長、国内店舗の日本人向け売上の堅調さが増収・営業増益に寄与した。一方、通期予想未達は第2四半期および第4四半期のインバウンド売上の伸び悩みが主因で、当期利益の減少は前年度に繰延税金資産を追加計上した反動による。

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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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials on Financial Results for the Fiscal Year Ended January 2026 | Japan Eyewear Holdings Co.,Ltd. (5889) timely disclosure | Komori