Worth reading
80Important
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
55
Annual dividend per share (yen)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending July 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,680 million yen+17.0%
Operating profit471 million yen+45.8%
Ordinary income481 million yen+46.0%
Net income326 million yen+52.5%
Selling, general and administrative expenses770 million yen
Gross Profit Margin
Rate46.3%
Year-on-year change (points)45.1% in the year-earlier period. The company explains that the increase was driven by the higher proportion of original products.
Operating profit margin
Rate17.6%
Year-on-year change (points)14.1% in the year-earlier period. No explanation for the change was provided in the materials.
Results for the three months of the current quarterConsolidated net sales of ¥2,680 million, gross profit of ¥1,241 million, operating profit of ¥471 million, ordinary profit of ¥481 million, net income attributable to owners of the parent of ¥326 million and EBITDA of ¥488 million. By segment, 北欧、暮らしの道具店 recorded net sales of ¥2,600 million and EBITDA of ¥492 million, while foufou recorded net sales of ¥96 million and EBITDA of -¥0 million.
Full-year earnings forecast
Net Sales¥10,200 million
Gross profit¥4,508 million
Operating profit¥1,453 million
Ordinary income¥1,473 million
Profit attributable to owners of the parent¥964 million
EBITDA¥1,530 million
EBITDA margin15.0%
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。
Consolidated
Net Sales78.0%
Gross profit79.9%
Operating profit92.3%
Ordinary income92.8%
Profit attributable to owners of the parent94.7%
EBITDA91.0%
Hokuoh Kurashi no Doguten (Scandinavian Lifestyle Store)
Net Sales78.8%
EBITDA93.0%
foufou
Net Sales63.6%
EBITDA29.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is in line with the earnings forecast. foufou has not reached the assumed level.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Selling, general and administrative expenses
Advertising expenses+¥9 million
Personnel Expenses+¥16 million
Depreciation and Amortization△¥0 million
Other+¥33 million
Balance sheet
Operating cash flow+¥633 million
Dividend Payments-¥353 million
Increase in accounts payable and accrued expenses+¥192 million
Increase in income taxes payable+¥58 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Orders required for fourth-quarter sales have been completed. The impact of global conditions on the current fiscal year's results is expected to be limited. Numerical assumptions for other factors, including foreign exchange rates and raw material prices, are not disclosed.New initiatives
- Launch of subscription video streaming of the original drama 『ひとりごとエプロン』 in Japan
- Launch of television broadcasting and digital streaming of the drama in South Korea
Key KPIsA metric the company considers important as a management benchmark.
- Number of purchasers of 北欧、暮らしの道具店11.3 10,000 peopleYear on year against the same period last year+16.0%
- Number of new membersYear on year against the same period last year+14.1%
- App downloadsYear on year against the same period last year+20.6%
- Number of engagement accounts1,100 Over 10,000
- Cumulative number of members87 Approximately 10,000 people
- Annual number of purchasers208 10,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The number of purchasers, number of new members and annual number of purchasers are provided, but no breakdown by average spend per customer or selling price is disclosed.Segment results
Hokuoh Kurashi no Doguten (Scandinavian Lifestyle Store)
Net Sales¥2,600 million (+16.2% year on year)
EBITDA¥492 million (+42.9% year on year)
foufou
Net Sales¥96 million (+60.3% year on year)
EBITDA-¥0 million (-¥2 million in the year-earlier period)
Consolidation eliminations
Net Sales-¥16 million (-¥5 million in the year-earlier period)
EBITDA-¥2 million (-¥1 million in the year-earlier period)
Financial targets
The company disclosed an actual equity ratio of 82.7%. Financial target figures are not disclosed.Number of employees
The number of employees is not provided, but the company explains that it remained broadly unchanged at a similar level.Annual Dividend
¥55 per share. The breakdown between the interim and year-end dividends is not disclosed.Payout ratio
Not disclosed. The materials state a cap of 50% of free cash flow when shareholder returns are made.Acquisition of treasury shares
Mentioned as an option for returning profits to shareholders. The amount, number of shares and period of the repurchase are not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending July 2026 |
| Net Sales | 2,680 million yen (YoY +17.0%) |
| Operating profit | 471 million yen (YoY +45.8%) |
| Ordinary income | 481 million yen (YoY +46.0%) |
| Net income | 326 million yen (YoY +52.5%) |
| Gross Profit Margin | Rate 46.3% / Year-on-year change (points) 45.1% in the year-earlier period. The company explains that the increase was driven by the higher proportion of original products. |
| Operating profit margin | Rate 17.6% / Year-on-year change (points) 14.1% in the year-earlier period. No explanation for the change was provided in the materials. |
| Selling, general and administrative expenses | 770 million yen |
| Results for the three months of the current quarter | Consolidated net sales of ¥2,680 million, gross profit of ¥1,241 million, operating profit of ¥471 million, ordinary profit of ¥481 million, net income attributable to owners of the parent of ¥326 million and EBITDA of ¥488 million. By segment, 北欧、暮らしの道具店 recorded net sales of ¥2,600 million and EBITDA of ¥492 million, while foufou recorded net sales of ¥96 million and EBITDA of -¥0 million. |
| Full-year earnings forecast | Net Sales ¥10,200 million / Gross profit ¥4,508 million / Operating profit ¥1,453 million / Ordinary income ¥1,473 million / Profit attributable to owners of the parent ¥964 million / EBITDA ¥1,530 million / EBITDA margin 15.0% |
| Progress against full-year forecast | Consolidated Net Sales 78.0% / Gross profit 79.9% / Operating profit 92.3% / Ordinary income 92.8% / Profit attributable to owners of the parent 94.7% / EBITDA 91.0% / Hokuoh Kurashi no Doguten (Scandinavian Lifestyle Store) Net Sales 78.8% / EBITDA 93.0% / foufou Net Sales 63.6% / EBITDA 29.7% |
| Self-assessment against the plan | Progress is in line with the earnings forecast. foufou has not reached the assumed level. |
| Segment results | Hokuoh Kurashi no Doguten (Scandinavian Lifestyle Store) Net Sales ¥2,600 million (+16.2% year on year) / EBITDA ¥492 million (+42.9% year on year) / foufou Net Sales ¥96 million (+60.3% year on year) / EBITDA -¥0 million (-¥2 million in the year-earlier period) / Consolidation eliminations Net Sales -¥16 million (-¥5 million in the year-earlier period) / EBITDA -¥2 million (-¥1 million in the year-earlier period) |
| Breakdown of Factors Affecting the Change | Selling, general and administrative expenses Advertising expenses +¥9 million / Personnel Expenses +¥16 million / Depreciation and Amortization △¥0 million / Other +¥33 million / Balance sheet Operating cash flow +¥633 million / Dividend Payments -¥353 million / Increase in accounts payable and accrued expenses +¥192 million / Increase in income taxes payable +¥58 million |
| Key KPIs | Indicator name Number of purchasers of 北欧、暮らしの道具店 / Value 11.3 10,000 people / Year on year against the same period last year +16.0%, Indicator name Number of new members / Value Not disclosed / Year on year against the same period last year +14.1%, Indicator name App downloads / Value Not disclosed / Year on year against the same period last year +20.6%, Indicator name Number of engagement accounts / Value 1,100 Over 10,000 / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of members / Value 87 Approximately 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Annual number of purchasers / Value 208 10,000 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The number of purchasers, number of new members and annual number of purchasers are provided, but no breakdown by average spend per customer or selling price is disclosed. |
| Number of employees | The number of employees is not provided, but the company explains that it remained broadly unchanged at a similar level. |
| Assumptions Underlying the Business Outlook | Orders required for fourth-quarter sales have been completed. The impact of global conditions on the current fiscal year's results is expected to be limited. Numerical assumptions for other factors, including foreign exchange rates and raw material prices, are not disclosed. |
| Financial targets | The company disclosed an actual equity ratio of 82.7%. Financial target figures are not disclosed. |
| Annual Dividend | ¥55 per share. The breakdown between the interim and year-end dividends is not disclosed. |
| Payout ratio | Not disclosed. The materials state a cap of 50% of free cash flow when shareholder returns are made. |
| Acquisition of treasury shares | Mentioned as an option for returning profits to shareholders. The amount, number of shares and period of the repurchase are not disclosed. |
| New initiatives | Launch of subscription video streaming of the original drama 『ひとりごとエプロン』 in Japan, Launch of television broadcasting and digital streaming of the drama in South Korea |
Items this document does not state (7)
Number of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsCapital 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.Profit increased due to sales growth, a higher proportion of original products and an improved SG&A ratio to sales. Following a review of the forecast for free cash flow for the current fiscal year and consideration of methods of returning profits to shareholders, the dividend forecast was changed from ¥48 to ¥55 per share.
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.
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