Worth reading
62In focus
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
149.3
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,345 million+149.3%
Operating profit¥575 million+136.4%
Ordinary income¥509 million
Net income¥307 million+407.9%
Gross Profit Margin60.7 %
Operating profit margin6.2 %
Selling, general and administrative expenses¥4,864 million
Results for the three months of the current quarter
Net Sales
¥5,037 million+166.6%
Gross profit
¥3,072 million+160.6%
Operating profit
¥346 million+266.2%
Net income attributable to owners of the parent
¥176 million
Full-year earnings forecast
Net Sales
¥18,500 million
Gross profit
¥11,170 million
Adjusted EBITDA
¥1,880 million
Operating profit
¥1,420 million
Net income attributable to owners of the 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 Sales50.5%
Gross profit50.8%
Adjusted EBITDA42.8%
Operating profit40.5%
Net income attributable to owners of the parent38.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in operating profit
Increase in gross profit from higher revenue1,950
Lower gross profit margin-239
Increase in personnel expenses-269
Increase in advertising expenses-314
Increase in fees paid-260
Increase in rent and lease expenses-243
Increase in packing and freight expenses-204
Increase in outsourcing expenses-72
Increase in depreciation and amortization-20
Other SG&A expenses, etc.-175
New initiatives
- Considering store openings for brands with a strong affinity for Taiwan
- Opening GULL and PAMM stores in major commercial facilities
- Expanding the number of stores carrying minum and individual-product shelving
- Continuing character collaborations across the group
- Launching the IP business in earnest through collaboration with GPS HD and Akatsuki
- Considering M&A targeting brands with sales of approximately ¥1 billion to ¥2 billion
- Withdrawing from or integrating brands with limited growth prospects
Key KPIsA metric the company considers important as a management benchmark.
- Taiwan subsidiary revenue166 % year on year
- Nuance business revenue145 % year on year
- minum revenue4.1 Year-on-year multiple
- Instagram followers315.7 10,000 people
- Number of brands35 Brand
- Inbound customer ratio of sales at 90 domestic stores40 %
Segment results
Young Culture
Net Sales
¥2,896 million
Cosmetics
Net Sales
¥1,243 million
Nuance
Net Sales
¥734 million
South Korea
Net Sales
¥683 million
Designer
Net Sales
¥354 million
Her lip to
Net Sales
¥3,431 million
Financial targets
Equity ratio
Actual results19.9 %
Number of stores and locations
Number at period-end68 Store
Number of store openings and closures during the periodNet increase of 6 stores
Number of employees
Number of Employees533 people
Changes and hiring plans during the periodAim to invest in talent and expand the workforce
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥9,345 million (YoY +149.3%) |
| Operating profit | ¥575 million (YoY +136.4%) |
| Ordinary income | ¥509 million |
| Net income | ¥307 million (YoY +407.9%) |
| Gross Profit Margin | 60.7 % |
| Operating profit margin | 6.2 % |
| Selling, general and administrative expenses | ¥4,864 million |
| Results for the three months of the current quarter | Net Sales ¥5,037 million (YoY +166.6%) / Gross profit ¥3,072 million (YoY +160.6%) / Operating profit ¥346 million (YoY +266.2%) / Net income attributable to owners of the parent ¥176 million |
| Full-year earnings forecast | Net Sales ¥18,500 million / Gross profit ¥11,170 million / Adjusted EBITDA ¥1,880 million / Operating profit ¥1,420 million / Net income attributable to owners of the parent ¥800 million |
| Progress against full-year forecast | Net Sales 50.5% / Gross profit 50.8% / Adjusted EBITDA 42.8% / Operating profit 40.5% / Net income attributable to owners of the parent 38.4% |
| Self-assessment against the plan | Progress in line with plan |
| Segment results | Young Culture Net Sales ¥2,896 million / Year on year against the same period last year Not disclosed / Cosmetics Net Sales ¥1,243 million / Year on year against the same period last year Not disclosed / Nuance Net Sales ¥734 million / Year on year against the same period last year Not disclosed / South Korea Net Sales ¥683 million / Year on year against the same period last year Not disclosed / Designer Net Sales ¥354 million / Year on year against the same period last year Not disclosed / Her lip to Net Sales ¥3,431 million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in operating profit Increase in gross profit from higher revenue 1,950 / Lower gross profit margin -239 / Increase in personnel expenses -269 / Increase in advertising expenses -314 / Increase in fees paid -260 / Increase in rent and lease expenses -243 / Increase in packing and freight expenses -204 / Increase in outsourcing expenses -72 / Increase in depreciation and amortization -20 / Other SG&A expenses, etc. -175 |
| Key KPIs | Indicator name Taiwan subsidiary revenue / Value 166 % year on year / Year on year against the same period last year Not disclosed, Indicator name Nuance business revenue / Value 145 % year on year / Year on year against the same period last year Not disclosed, Indicator name minum revenue / Value 4.1 Year-on-year multiple / Year on year against the same period last year Not disclosed, Indicator name Instagram followers / Value 315.7 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Number of brands / Value 35 Brand / Year on year against the same period last year Not disclosed, Indicator name Inbound customer ratio of sales at 90 domestic stores / Value 40 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 68 Store / Number of store openings and closures during the period Net increase of 6 stores |
| Number of employees | Number of Employees 533 people / Changes and hiring plans during the period Aim to invest in talent and expand the workforce |
| Financial targets | Equity ratio Actual results 19.9 % |
| New initiatives | Considering store openings for brands with a strong affinity for Taiwan, Opening GULL and PAMM stores in major commercial facilities, Expanding the number of stores carrying minum and individual-product shelving, Continuing character collaborations across the group, Launching the IP business in earnest through collaboration with GPS HD and Akatsuki, Considering M&A targeting brands with sales of approximately ¥1 billion to ¥2 billion, Withdrawing from or integrating brands with limited growth prospects |
Items this document does not state (11)
Unit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan 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.The company cited increased sales of 9090, minum and Her lip to, contributions from major IP collaborations, growth in its Taiwan, Nuance and cosmetics businesses, and the inclusion of heart relation Co., Ltd.’s results in net income attributable to owners of the parent following its full consolidation. Meanwhile, it cited the growing sales mix of minum, which is primarily wholesale-based, as a factor behind the decline in gross profit margin.
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.