Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
18500
¥ million (forecast net sales for the fiscal year ending March 2027)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+30.0%
基準 14,234Target18,500million
Operating profit+0.0%
基準 2,026Target2,027million
Operating profit margin+1.0pt
基準 2,026Target2,027%
Net income for the current fiscal year+0.0%
基準 2,026Target2,027million
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planSales 13,100, adjusted EBITDA 1,415, operating income 1,050, net income attributable to owners of the parent 400 → Sales 14,234, adjusted EBITDA 1,521, operating income 1,084, net income attributable to owners of the parent 310（Sales 108.7%, adjusted EBITDA 107.5%, operating income 103.2%, net income attributable to owners of the parent 77.5%）+8.7%Calculated from the two disclosed figures
Key initiatives
01Multi-brand development
02Social-Media Marketing
03M&A
04Expansion of the target customer base
05Expansion of product offerings
06Enhancement of the business portfolio
07Global Expansion
08Communicating culture and trends
Size of the Target MarketJapan's apparel market: ¥8.3564 trillion, including ¥2.4773 trillion for people in their teens through thirties. Japan's cosmetics market: ¥2.4780 trillion, including ¥734.6 billion for people in their teens through thirties. Sources: Yano Research Institute's 2024 Apparel Industry White Paper and 2024 Cosmetics Marketing Annual Report, and the Statistics Bureau of Japan's Population Estimates.
Risks identified by the company
Changes in customer preferences
The competitive environment
Dependence on specific individuals
Intellectual property rights
Reason for revision or withdrawal
The company positions the period following its stock market listing as its second founding and aims to expand into businesses beyond its existing apparel business targeting Generation Z. It seeks to achieve further growth by enhancing its business portfolio and making a full-scale entry into overseas markets.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Founding period 2018-2023, expansion period 2024-2027, leap period 2028-2030 |
| Progress against the plan | Annual update |
| Sales Target | 14,234 (actual for the fiscal year ended March 2026) → 18,500 (full-year forecast for the fiscal year ending March 2027)（130.0% (year-on-year change)） |
| Operating profit target | 1,084 (actual for the fiscal year ended March 2026) → 1,420 (full-year forecast for the fiscal year ending March 2027)（131.0% (year-on-year change)） |
| Operating profit margin target | 7.6% (actual for the fiscal year ended March 2026) → 7.7% (full-year forecast for the fiscal year ending March 2027) |
| Net income target | 310 (actual for the fiscal year ended March 2026) → 800 (full-year forecast for the fiscal year ending March 2027)（258.1% (year-on-year change)） |
| Key initiatives | Multi-brand development, Social-Media Marketing, M&A, Expansion of the target customer base, Expansion of product offerings, Enhancement of the business portfolio, Global Expansion, Communicating culture and trends |
| Results under the previous plan | Sales 13,100, adjusted EBITDA 1,415, operating income 1,050, net income attributable to owners of the parent 400 → Sales 14,234, adjusted EBITDA 1,521, operating income 1,084, net income attributable to owners of the parent 310（Sales 108.7%, adjusted EBITDA 107.5%, operating income 103.2%, net income attributable to owners of the parent 77.5%） |
| Reason for revision or withdrawal | The company positions the period following its stock market listing as its second founding and aims to expand into businesses beyond its existing apparel business targeting Generation Z. It seeks to achieve further growth by enhancing its business portfolio and making a full-scale entry into overseas markets. |
| Size of the Target Market | Japan's apparel market: ¥8.3564 trillion, including ¥2.4773 trillion for people in their teens through thirties. Japan's cosmetics market: ¥2.4780 trillion, including ¥734.6 billion for people in their teens through thirties. Sources: Yano Research Institute's 2024 Apparel Industry White Paper and 2024 Cosmetics Marketing Annual Report, and the Statistics Bureau of Japan's Population Estimates. |
| Risks identified | Changes in customer preferences, The competitive environment, Dependence on specific individuals, Intellectual property rights |
| Publication date | 16 June 2026 |
Items this document does not state (12)
ROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsDate of board resolution
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 company positions the period following its stock market listing as its second founding and aims to achieve further growth by expanding its business portfolio, making a full-scale entry into overseas markets, and broadening its target customer base and product offerings.
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.