Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
158
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,045 million-3.5%
Operating profit¥790 million+25.0%
Net income¥500 million+23.5%
Results for the three months of the current quarterRevenue of ¥9,045 million, operating profit of ¥790 million, profit before tax of ¥777 million, and quarterly profit of ¥500 million. All figures represent standalone results for the first quarter.
Full-year earnings forecast
Revenue
¥35,000 million
Operating profit
¥2,000 million
Profit before tax
¥1,950 million
Profit for the period
¥1,200 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-quarter results exceeded the first-half profit target. Profit is progressing steadily, while revenue is somewhat weak.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Information Content+¥40 million
- Halmek merchandise business+¥100 million
- Kotose merchandise business-¥10 million
- Community+¥10 million
- Corporate Business-¥0 million
- Advance-investment business¥0 million
- Other regions+¥10 million
New initiatives
- Shift HALMEK up from a subscription model to a product sales and advertising model
- Begin apparel sales through Up select, a product sales website for pre-seniors
- Reorganize the product sales business from a channel-based structure into a product-category-based divisional structure
- Revamp the cosmetics product and brand websites and CRM
- Strengthen premium events offering high value-added products and services at premium price points
- Bring Vogue Gakuen into the Group in May 2026
Key KPIsA metric the company considers important as a management benchmark.
- Total Active Customers124 10,000 peopleYear on year against the same period last year-9.0%
- Halmek magazine circulation43.1 10,000 copiesYear on year against the same period last yearExpected to decrease
- HALMEK Brand Awareness51.5 %Year on year against the same period last year+16.6 percentage points versus 2021
- Active senior market share7 %
Segment results
Group consolidated
Sales
¥9,110 million-3.8%
EBITDA
¥984 million+22.3%
Core Businesses
Sales
¥8,743 million-4.5%
EBITDA
¥907 million+19.7%
Information Content
Sales
¥879 million-6.3%
EBITDA
¥272 million+19.8%
Halmek merchandise business
Sales
¥5,665 million-5.3%
EBITDA
¥675 million+19.1%
Kotose merchandise business
Sales
¥1,879 million-8.7%
EBITDA
¥-44 million
Community
Sales
¥319 million+79.1%
EBITDA
¥4 million
Corporate Business
Sales
¥363 million+10.4%
EBITDA
¥31 million-15.8%
Advance-investment business
Sales
¥60 million+33.3%
EBITDA
¥-34 million
Medium-term management plan targets
RevenueRevenue target pushed back by 1 year
Operating profit¥2.5 billion, target fiscal year ending March 2029
Operating profit margin7.5%, target fiscal year ending March 2029
ROE16%, target fiscal year ending March 2029
Financial targets
ROE
Target16%
Target fiscal yearFY ending March 2029
Equity ratio
Actual results42.6%
Interest-bearing debt dependence ratio
Actual results9.3%
Market Size / Share
- FY2024 e-commerce market sales¥14.5 trillion
- Share of financial assets held by people aged 50 and over82 %
- Active senior market share7 %
Number of stores and locations
Number of Stores at Period-End22 Location
Number of store openings and closures during the periodAiming to open 2 stores during the fiscal year
Capital expenditures
Approximately ¥1 billion
Annual Dividend
Annual¥40.0 per share
Interim¥20/share
End of period¥20/share
Payout ratio
36.8% (dividend policy guideline: 35%)| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥9,045 million (YoY -3.5%) |
| Operating profit | ¥790 million (YoY +25.0%) |
| Net income | ¥500 million (YoY +23.5%) |
| Results for the three months of the current quarter | Revenue of ¥9,045 million, operating profit of ¥790 million, profit before tax of ¥777 million, and quarterly profit of ¥500 million. All figures represent standalone results for the first quarter. |
| Full-year earnings forecast | Revenue ¥35,000 million / Operating profit ¥2,000 million / Profit before tax ¥1,950 million / Profit for the period ¥1,200 million |
| Self-assessment against the plan | First-quarter results exceeded the first-half profit target. Profit is progressing steadily, while revenue is somewhat weak. |
| Segment results | Group consolidated Sales ¥9,110 million (YoY -3.8%) / EBITDA ¥984 million (YoY +22.3%) / Core Businesses Sales ¥8,743 million (YoY -4.5%) / EBITDA ¥907 million (YoY +19.7%) / Information Content Sales ¥879 million (YoY -6.3%) / EBITDA ¥272 million (YoY +19.8%) / Halmek merchandise business Sales ¥5,665 million (YoY -5.3%) / EBITDA ¥675 million (YoY +19.1%) / Kotose merchandise business Sales ¥1,879 million (YoY -8.7%) / EBITDA ¥-44 million / Community Sales ¥319 million (YoY +79.1%) / EBITDA ¥4 million / Corporate Business Sales ¥363 million (YoY +10.4%) / EBITDA ¥31 million (YoY -15.8%) / Advance-investment business Sales ¥60 million (YoY +33.3%) / EBITDA ¥-34 million |
| Breakdown of Factors Affecting the Change | Factors Information Content / Amount +¥40 million, Factors Halmek merchandise business / Amount +¥100 million, Factors Kotose merchandise business / Amount -¥10 million, Factors Community / Amount +¥10 million, Factors Corporate Business / Amount -¥0 million, Factors Advance-investment business / Amount ¥0 million, Factors Other regions / Amount +¥10 million |
| Key KPIs | Indicator name Total Active Customers / Value 124 10,000 people / Year on year against the same period last year -9 10,000 people, Indicator name Halmek magazine circulation / Value 43.1 10,000 copies / Year on year against the same period last year Expected to decrease, Indicator name HALMEK Brand Awareness / Value 51.5 % / Year on year against the same period last year +16.6 percentage points versus 2021, Indicator name Active senior market share / Value 7 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number of Stores at Period-End 22 Location / Number of store openings and closures during the period Aiming to open 2 stores during the fiscal year |
| Medium-term management plan targets | Revenue Revenue target pushed back by 1 year / Operating profit ¥2.5 billion, target fiscal year ending March 2029 / Operating profit margin 7.5%, target fiscal year ending March 2029 / ROE 16%, target fiscal year ending March 2029 |
| Financial targets | ROE Target 16% / Target fiscal year FY ending March 2029 / Equity ratio Actual results 42.6% / Interest-bearing debt dependence ratio Actual results 9.3% |
| Annual Dividend | Annual ¥40.0 per share / Interim ¥20/share / End of period ¥20/share |
| Payout ratio | 36.8% (dividend policy guideline: 35%) |
| Capital expenditures | Approximately ¥1 billion |
| Market Size / Share | FY2024 e-commerce market sales ¥14.5 trillion, Share of financial assets held by people aged 50 and over 82 %, Active senior market share 7 % |
| New initiatives | Shift HALMEK up from a subscription model to a product sales and advertising model, Begin apparel sales through Up select, a product sales website for pre-seniors, Reorganize the product sales business from a channel-based structure into a product-category-based divisional structure, Revamp the cosmetics product and brand websites and CRM, Strengthen premium events offering high value-added products and services at premium price points, Bring Vogue Gakuen into the Group in May 2026 |
Items this document does not state (12)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogKey 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 increase in profit was attributed to a reduction in loss-making sales through optimization of advertising investment, improvements in advertising efficiency and the cost ratio, and improved profitability resulting from structural reforms. The decrease in revenue was explained by a decline in the number of customers in HALMEK product sales and a reduction in the number of catalog recipients in ことせ product sales.
How to read this page
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