Worth reading
80Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
662
Millions of yen (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending January 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,854 million+15.8%
Operating profit¥1,680 million+28.5%
Ordinary income¥1,571 million +27.9%profit before tax
Net income¥1,066 million +36.2%quarterly profit
Selling, general and administrative expenses¥2,258 million
Gross Profit Margin
Rate79.4
Year-on-year change (points)-0.2
Operating profit margin
Rate34.6
Year-on-year change (points)3.4
Results for the three months of the current quarter
Revenue
¥4,854 million
Operating profit
¥1,680 million
Quarterly profit
¥1,066 million
Full-year earnings forecast
Revenue
¥20,600 million
Operating profit
¥6,800 million
Income before taxes
¥6,500 million
Profit for the period
¥4,400 million
Cost of sales
¥4,100 million
Gross profit
¥16,500 million
Selling, general and administrative expenses
¥9,700 million
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。
Revenue23.6
Cost of sales24.4
Gross profit23.3
Selling, general and administrative expenses23.3
Operating profit24.7
EBITDA25.3
Adjusted EBITDA24.9
Finance income/finance costs36.3
Income before taxes24.2
Income tax expense24.1
Profit for the period/quarterly profit24.2
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is in line with expectations, with no issues in the progress rate after taking seasonality into accountBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Sales to overseas customers346
Domestic stores: Japanese customers, existing stores248
Domestic stores: Japanese customers, new stores-66
Domestic stores: inbound, existing stores162
Domestic stores: inbound, new stores-22
Domestic stores: inbound, closures and other factors-8
Overseas Directly Operated Stores156
Overseas wholesale58
Domestic wholesale-16
Other147
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
New domestic store openings>=5 stores
New store openings in China and neighboring countries>=2 stores
Sales to overseas customers as a percentage of total sales¥35 million
Inbound sales¥4,000 million
New initiatives
- Opened 金子眼鏡's fifth store in China
- Opened 2 new フォーナインズ stores in Japan
- Additional store openings in Japan and overseas are planned for both brands
- Implemented price revisions for both brands
- Continue strict cost control
Key KPIsA metric the company considers important as a management benchmark.
- Sales to overseas customers¥1,807 millionYear on year against the same period last year+24.6%
- Sales to overseas customers as a percentage of total sales36.2 %
- Inbound sales at domestic stores¥1,029 millionYear on year against the same period last year+14.7%
- Number of visitors to Japan10,777 thousand customersYear on year against the same period last year+1.1%
- Sales to Japanese customers at domestic stores as a percentage of total sales71.5 %
- Same-store sales at 金子眼鏡 domestic stores107.5 Year-on-year %
- Same-store sales at フォーナインズ domestic stores105.7 Year-on-year %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
金子眼鏡 package unit price
¥84,610
フォーナインズ package unit price
¥88,646
Segment results
金子眼鏡
Net Sales
¥3,434 million+20.3%
Segment profit
¥1,385 million+28.8%
フォーナインズ
Net Sales
¥1,419 million+6.2%
Segment profit
¥383 million+9.2%
Common and adjustments
Segment profit
¥-88 million-25.8%
Medium-term management plan targets
The Company refers to implementing measures to achieve its medium-term plan, but the comparison between targets and actual results is Not disclosedFinancial targets
ROE
Actual results20.8 %
Number of stores and locations
Number of Stores at Period-End116 Location
Stores opened during the period3 Location
Stores closed or relocated during the period0 Location
Annual Dividend
Annual¥86 per share
Payout ratio
40 % approximate
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending January 2027 |
| Net Sales | ¥4,854 million (YoY +15.8%) |
| Operating profit | ¥1,680 million (YoY +28.5%) |
| Ordinary income | ¥1,571 million (profit before tax) (YoY +27.9%) |
| Net income | ¥1,066 million (quarterly profit) (YoY +36.2%) |
| Gross Profit Margin | Rate 79.4 / Year-on-year change (points) -0.2 |
| Operating profit margin | Rate 34.6 / Year-on-year change (points) 3.4 |
| Selling, general and administrative expenses | ¥2,258 million |
| Results for the three months of the current quarter | Revenue ¥4,854 million / Operating profit ¥1,680 million / Quarterly profit ¥1,066 million |
| Full-year earnings forecast | Revenue ¥20,600 million / Operating profit ¥6,800 million / Income before taxes ¥6,500 million / Profit for the period ¥4,400 million / Cost of sales ¥4,100 million / Gross profit ¥16,500 million / Selling, general and administrative expenses ¥9,700 million |
| Progress against full-year forecast | Revenue 23.6 / Cost of sales 24.4 / Gross profit 23.3 / Selling, general and administrative expenses 23.3 / Operating profit 24.7 / EBITDA 25.3 / Adjusted EBITDA 24.9 / Finance income/finance costs 36.3 / Income before taxes 24.2 / Income tax expense 24.1 / Profit for the period/quarterly profit 24.2 |
| Self-assessment against the plan | Progress is in line with expectations, with no issues in the progress rate after taking seasonality into account |
| Segment results | 金子眼鏡 Net Sales ¥3,434 million (YoY +20.3%) / Segment profit ¥1,385 million (YoY +28.8%) / フォーナインズ Net Sales ¥1,419 million (YoY +6.2%) / Segment profit ¥383 million (YoY +9.2%) / Common and adjustments Segment profit ¥-88 million (YoY -25.8%) |
| Breakdown of Factors Affecting the Change | Sales to overseas customers 346 / Domestic stores: Japanese customers, existing stores 248 / Domestic stores: Japanese customers, new stores -66 / Domestic stores: inbound, existing stores 162 / Domestic stores: inbound, new stores -22 / Domestic stores: inbound, closures and other factors -8 / Overseas Directly Operated Stores 156 / Overseas wholesale 58 / Domestic wholesale -16 / Other 147 |
| Key KPIs | Indicator name Sales to overseas customers / Value ¥1,807 million / Year on year against the same period last year ¥24.6 million, Indicator name Sales to overseas customers as a percentage of total sales / Value 36.2 % / Year on year against the same period last year Not disclosed, Indicator name Inbound sales at domestic stores / Value ¥1,029 million / Year on year against the same period last year ¥14.7 million, Indicator name Number of visitors to Japan / Value 10,777 thousand customers / Year on year against the same period last year 1.1 thousand customers, Indicator name Sales to Japanese customers at domestic stores as a percentage of total sales / Value 71.5 % / Year on year against the same period last year Not disclosed, Indicator name Same-store sales at 金子眼鏡 domestic stores / Value 107.5 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name Same-store sales at フォーナインズ domestic stores / Value 105.7 Year-on-year % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | 金子眼鏡 package unit price ¥84,610 / フォーナインズ package unit price ¥88,646 |
| Number of stores and locations | Number of Stores at Period-End 116 Location / Stores opened during the period 3 Location / Stores closed or relocated during the period 0 Location |
| Assumptions Underlying the Business Outlook | New domestic store openings >=5 stores / New store openings in China and neighboring countries >=2 stores / Sales to overseas customers as a percentage of total sales ¥35 million / Inbound sales ¥4,000 million |
| Medium-term management plan targets | The Company refers to implementing measures to achieve its medium-term plan, but the comparison between targets and actual results is Not disclosed |
| Financial targets | ROE Actual results 20.8 % |
| Annual Dividend | Annual ¥86 per share / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 40 % (approximate) |
| New initiatives | Opened 金子眼鏡's fifth store in China, Opened 2 new フォーナインズ stores in Japan, Additional store openings in Japan and overseas are planned for both brands, Implemented price revisions for both brands, Continue strict cost control |
Items this document does not state (7)
Number of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital 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.The main factors were increased sales to overseas customers, higher sales to Japanese customers at domestic stores, and sales growth resulting from the increase in the number of stores. Quarterly profit also benefited from the reversal of the one-off increase in income tax expense recorded in the year-earlier period.
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.