Revised forecast
Fiscal year ending August 2026 · Full yearPrevious forecast published 14 October 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
In addition to membership growth exceeding expectations, higher sales of merchandise to members contributed to record highs for an interim period in net sales and all profit items. The forecast has also been revised based on recent conditions, including steady increases in membership and merchandise sales to members. Regarding dividends, the commemorative dividend marking the Company's 20th anniversary has been increased by ¥5, taking into account the policy of targeting a consolidated dividend payout ratio of 50% and the upward revision to the earnings forecast.
| Item | Details |
|---|---|
| Net Sales | ¥41,300 million → ¥42,300 million（+2.4%） |
| Operating profit | ¥7,300 million → ¥7,700 million（+5.5%） |
| Ordinary income | ¥7,250 million → ¥7,570 million（+4.4%） |
| Profit attributable to owners of the parent | ¥4,700 million → ¥4,850 million（+3.2%） |
| Net income per share | ¥51.05 → ¥52.67 |
| Fiscal Period Covered | Fiscal year ending August 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 14 October 2025 |
| Previous-period results | Net Sales ¥37,566 million / Operating profit ¥6,342 million / Ordinary income ¥6,481 million / Profit attributable to owners of the parent ¥4,303 million / Net income per share ¥46.75 |
| Reason for the revision | In addition to membership growth exceeding expectations, higher sales of merchandise to members contributed to record highs for an interim period in net sales and all profit items. The forecast has also been revised based on recent conditions, including steady increases in membership and merchandise sales to members. Regarding dividends, the commemorative dividend marking the Company's 20th anniversary has been increased by ¥5, taking into account the policy of targeting a consolidated dividend payout ratio of 50% and the upward revision to the earnings forecast. |
| Dividend forecast revision | The second-quarter-end dividend remains unchanged at ¥10. The year-end dividend has been increased from ¥15 (regular dividend of ¥10 and commemorative dividend of ¥5) to ¥20 (regular dividend of ¥10 and commemorative dividend of ¥10), and the annual dividend has been increased from ¥25 to ¥30. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.During the six-month interim consolidated accounting period from September 2025 to February 2026, net sales and all profit items reached record highs for an interim period, driven by membership growth that exceeded expectations and higher sales of merchandise to members. Accordingly, the full-year forecast has been revised upward based on the recent increases in membership and merchandise sales to members. Regarding dividends, the commemorative dividend marking the Company's 20th anniversary has been increased by ¥5, taking into account the policy of targeting a consolidated dividend payout ratio of 50% and the upward revision to the earnings forecast.