Worth reading
62In focus
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
413
¥ million (year-on-year increase in operating income)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 2026, full year7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,234 million+171.4%
Operating profit¥1,084 million+161.4%
Ordinary income¥1,015 million
Net income¥310 million +98.6%net income attributable to owners of the parent
Gross Profit Margin63.1%
Operating profit margin7.6%
Selling, general and administrative expenses¥7,466 million
Results for the three months of the current quarter
Net Sales
¥3,743 million+135.1%
Gross profit
¥2,441 million+142.8%
Operating profit
¥206 million+115.1%
Net income attributable to owners of the parent
¥55 million+51.9%
Full-year earnings forecast
Net Sales
¥18,500 million
Gross profit
¥11,170 million
Adjusted EBITDA
¥1,880 million
Operating profit
¥1,420 million
Ordinary income
¥1,320 million
Profit attributable to owners of parent
¥800 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。
Net Sales108.7%
Gross profit110.8%
Adjusted EBITDA107.5%
Operating profit103.2%
Net income attributable to owners of the parent77.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Business performance remained strong, with progress against the budget exceeding 100% for revenue through operating profit. Consolidated net income is expected to be in line with the budget, but final profit is below budget.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in gross profit from higher revenue3,646
Increase in gross margin228
Increase in personnel expenses-718
Increase in advertising and promotional expenses-547
Increase in rent and lease expenses-441
Increase in fees paid-537
Increase in packing and freight expenses-444
Outsourcing fees, etc.-344
Other SG&A expenses, etc.-332
Brand withdrawal costs-34
China-related costs-44
Spin-off and fundraising-related items-20
New initiatives
- Acquire 49% of hr Co.'s shares and make it a wholly owned subsidiary
- Begin consolidating GDC Co.
- Expand the cosmetics and beauty product lineup
- Plan to launch new products following cosmetics
- Develop high-value-added products priced above ¥1,000 under the minum plus brand
Key KPIsA metric the company considers important as a management benchmark.
Adjusted EBITDA
¥1,521 million+158.9%
Adjusted EBITDA margin
10.7%
Instagram followers
305.6 10,000 people
Number of brands
33 Brand
E-commerce ratio
40.5%
Offline ratio
48.2%
Segment results
Young Culture
Net Sales¥5,140 million
Cosmetics
Net Sales¥911 million
Nuance
Net Sales¥1,200 million
South Korea
Net Sales¥1,117 million
Designer
Net Sales¥275 million
Her lip to
Net Sales¥5,591 million
Year on year against the same period last year+126.0%
Number of stores and locations
Number of Stores at Period-End60 Location
Stores opened during the period4 Location
Stores closed during the period4 Location
Number of employees
466 people
Hiring planInvest in human resources and expand the workforce
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥14,234 million (YoY +171.4%) |
| Operating profit | ¥1,084 million (YoY +161.4%) |
| Ordinary income | ¥1,015 million |
| Net income | ¥310 million (net income attributable to owners of the parent) (YoY +98.6%) |
| Gross Profit Margin | 63.1% |
| Operating profit margin | 7.6% |
| Selling, general and administrative expenses | ¥7,466 million |
| Results for the three months of the current quarter | Net Sales ¥3,743 million (YoY +135.1%) / Gross profit ¥2,441 million (YoY +142.8%) / Operating profit ¥206 million (YoY +115.1%) / Net income attributable to owners of the parent ¥55 million (YoY +51.9%) |
| Full-year earnings forecast | Net Sales ¥18,500 million / Gross profit ¥11,170 million / Adjusted EBITDA ¥1,880 million / Operating profit ¥1,420 million / Ordinary income ¥1,320 million / Profit attributable to owners of parent ¥800 million |
| Progress against full-year forecast | Net Sales 108.7% / Gross profit 110.8% / Adjusted EBITDA 107.5% / Operating profit 103.2% / Net income attributable to owners of the parent 77.5% |
| Self-assessment against the plan | Business performance remained strong, with progress against the budget exceeding 100% for revenue through operating profit. Consolidated net income is expected to be in line with the budget, but final profit is below budget. |
| Segment results | Young Culture Net Sales ¥5,140 million / yoy_pct Not disclosed / Cosmetics Net Sales ¥911 million / yoy_pct Not disclosed / Nuance Net Sales ¥1,200 million / yoy_pct Not disclosed / South Korea Net Sales ¥1,117 million / yoy_pct Not disclosed / Designer Net Sales ¥275 million / yoy_pct Not disclosed / Her lip to Net Sales ¥5,591 million / yoy_pct ¥126 million |
| Breakdown of Factors Affecting the Change | Increase in gross profit from higher revenue 3,646 / Increase in gross margin 228 / Increase in personnel expenses -718 / Increase in advertising and promotional expenses -547 / Increase in rent and lease expenses -441 / Increase in fees paid -537 / Increase in packing and freight expenses -444 / Outsourcing fees, etc. -344 / Other SG&A expenses, etc. -332 / Brand withdrawal costs -34 / China-related costs -44 / Spin-off and fundraising-related items -20 |
| Key KPIs | Adjusted EBITDA ¥1,521 million (YoY +158.9%) / Adjusted EBITDA margin 10.7% / Instagram followers 305.6 10,000 people / Number of brands 33 Brand / E-commerce ratio 40.5% / Offline ratio 48.2% |
| Number of stores and locations | Number of Stores at Period-End 60 Location / Stores opened during the period 4 Location / Stores closed during the period 4 Location |
| Number of employees | 466 people |
| New initiatives | Acquire 49% of hr Co.'s shares and make it a wholly owned subsidiary, Begin consolidating GDC Co., Expand the cosmetics and beauty product lineup, Plan to launch new products following cosmetics, Develop high-value-added products priced above ¥1,000 under the minum plus brand |
Items this document does not state (12)
Unit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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.Higher revenue and an improved gross margin resulting from the consolidation of hr Co. and the effects of price increases contributed to higher profits. However, personnel, rent, and logistics costs associated with store expansion, advertising and promotional expenses for the cosmetics business, and costs related to business expansion weighed on profits. Net income attributable to owners of the parent was below expectations due to structural factors arising from differences in ownership percentages in subsidiaries.
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