Worth reading
59In 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
1000
million yenWording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 September 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales19,967million yenYear on year +9.8%Progress 47.2%
Operating profit3,835million yenYear on year +13.5%Progress 49.8%
Ordinary income3,745million yenYear on year +12.5%Progress 49.5%
Net income attributable to owners of the parent2,229million yenYear on year +5.8%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥24.22
Financial position at period-end
Total assets40,647million yen
of which net assets 22,920 million yenEquity ratio 56.4%vs. prior year-end +5.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+2,932
Investment-386
Financials-1,864
Net change+682
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period9,172 million yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales42,300 million yen (YoY +12.6%)
Operating profit7,700 million yen (YoY +21.4%)
Ordinary income7,570 million yen (YoY +16.8%)
Profit attributable to owners of the parent4,850 million yen (YoY +12.7%)
Revision to Earnings ForecastNet Sales 41,300 million yen → 42,300 million yen / Operating profit 7,300 million yen → 7,700 million yen / Ordinary income 7,250 million yen → 7,570 million yen / Profit attributable to owners of the parent 4,700 million yen → 4,850 million yen
Annual Dividend Forecast17 yen → 30 yen
Factors Behind Changes in Business Performance
In addition to membership growth exceeding expectations, higher merchandise sales to members contributed to the increase. A lower churn rate resulting from enhanced customer services, increases in recurring-delivery subscribers and retention rates, and lower product promotion and administrative costs also contributed to higher profit.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets 1 million yen
Depreciation and amortization394 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End93,857,493 shares
Treasury Shares at Period-End1,764,901 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | 19,967 million yen (YoY +9.8%) |
| Operating profit | 3,835 million yen (YoY +13.5%) |
| Ordinary income | 3,745 million yen (YoY +12.5%) |
| Profit attributable to owners of the parent | 2,229 million yen (YoY +5.8%) |
| Net income per share | ¥24.22 |
| Equity ratio | End of the current fiscal period 56.4 / End of previous period 51.4 |
| Total assets | 40,647 million yen |
| Net assets | 22,920 million yen |
| Cash flows from operating activities | 2,932 million yen |
| Cash flows from investing activities | -386 million yen |
| Cash flows from financing activities | -1,864 million yen |
| Cash and cash equivalents at end of period | 9,172 million yen |
| Full-year earnings forecast | Net Sales 42,300 million yen (YoY +12.6%) / Operating profit 7,700 million yen (YoY +21.4%) / Ordinary income 7,570 million yen (YoY +16.8%) / Profit attributable to owners of the parent 4,850 million yen (YoY +12.7%) |
| Revision to Earnings Forecast | Net Sales 41,300 million yen → 42,300 million yen / Operating profit 7,300 million yen → 7,700 million yen / Ordinary income 7,250 million yen → 7,570 million yen / Profit attributable to owners of the parent 4,700 million yen → 4,850 million yen |
| Annual Dividend Forecast | 17 yen → 30 yen |
| Depreciation and amortization | 394 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets 1 million yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 93,857,493 shares |
| Treasury Shares at Period-End | 1,764,901 shares |
| Factors Behind Changes in Business Performance | In addition to membership growth exceeding expectations, higher merchandise sales to members contributed to the increase. A lower churn rate resulting from enhanced customer services, increases in recurring-delivery subscribers and retention rates, and lower product promotion and administrative costs also contributed to higher profit. |
Items this document does not state (9)
Operating MarginPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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 membership growth exceeding expectations, higher merchandise sales to members, increases in recurring-delivery subscribers and retention rates, and lower product promotion and administrative costs.
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.