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Earnings presentation7119halmek holdings Co.,Ltd.Retail

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027

Revenue decreased 2.9% year on year, while operating profit increased 32.0% as structural reforms improved advertising efficiency and the cost ratio. First-half revenue fell short of the earnings forecast, but operating profit, profit before tax and interim profit exceeded forecasts, and the full-year forecast was left unchanged.

Worth reading
67In 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
220
¥ millions (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,291 million-2.9%
Operating profit¥910 million+32.0%
Net income¥570 million +30.6%interim profit
Results for the three months of the current quarterQuarterly trends in revenue and operating profit are presented in a graph. Standalone figures for the second quarter of the fiscal year ending March 2027 are shown in the charts.
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.
Revenue fell short of the earnings forecast, while operating profit, profit before tax and interim profit exceeded the forecast.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Information Content-¥40 million
Halmek merchandise business+¥170 million
Kotose merchandise businessOperating loss of ¥10 million
Community+¥20 million
Corporate Business+¥10 million
Advance-investment business±¥0 million
Other+¥50 million
New initiatives
  • Transition HALMEK up from a subscription model to a merchandise and advertising model
  • Trial of new methods for acquiring magazine readers, including TV commercials, YouTube and TVer advertising
  • Addition of high-value-added, high-priced product lines under plus and Premium in ハルメク merchandising
  • Introduction of buyer consolidation
  • Expansion of new ハルメク merchandising stores
  • Bring Vogue Gakuen into the Group in May 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Number of active customers124 10,000 people
    Year on year against the same period last year-11.4%
  • Number of registered influencers144 people
  • Total followers500 More than 10,000 people
  • Halmek magazine circulation41.6 10,000 copies
  • Equity ratio44.1 %
Segment results
Consolidated group
Sales
¥16,252 million-3.1%
EBITDA
¥1,191 million+28.2%
Core Businesses
Sales
¥15,525 million-4.1%
EBITDA
¥1,089 million+15.7%
Information Content
Sales
¥1,735 million-7.7%
EBITDA
¥426 million-9.6%
Halmek merchandise business
Sales
¥9,850 million-6.8%
EBITDA
¥701 million+33.5%
Kotose merchandise business
Sales
¥3,239 million-4.7%
EBITDA
¥-43 million
Community
Sales
¥700 million+106.3%
EBITDA
¥4 million
Corporate Business
Sales
¥773 million+25.2%
EBITDA
¥88 million+22.0%
Advance-investment business
Sales
¥125 million+54.3%
EBITDA
¥-94 million
Medium-term management plan targets
Revenue
Target value¥40,000 million
Target fiscal yearFiscal year ending March 2029
Operating profit
Target value¥2,500 million
Target fiscal yearFiscal year ending March 2029
Operating profit margin
Target value7.5 %
Target fiscal yearFiscal year ending March 2029
ROE
Target value16 %
Target fiscal yearFiscal year ending March 2029
Financial targets
ROE
Target value16 %
Target fiscal yearFiscal year ending March 2029
Actual value12 %
Fiscal year of actual resultsFiscal year ended March 2026
Equity ratio
Actual value44.1 %
As ofSecond quarter of the fiscal year ending March 2027
Market Size / Share
Harumeku magazine for senior womenExpected to maintain the No. 1 position among all domestic magazines
Active senior market share¥7 trillion FY2025
Mail-order market size¥15.4 trillion FY2025
Number of stores and locations
Number of Stores at Period-End22 stores
Number of store openings and closures during the periodAiming to open 2 stores during the fiscal year
Annual Dividend
Annual40 yen per share
Interim20 yen per share
End of period20 yen per share
Payout ratio
36.8
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥16,291 million (YoY -2.9%)
Operating profit¥910 million (YoY +32.0%)
Net income¥570 million (interim profit) (YoY +30.6%)
Results for the three months of the current quarterQuarterly trends in revenue and operating profit are presented in a graph. Standalone figures for the second quarter of the fiscal year ending March 2027 are shown in the charts.
Full-year earnings forecastRevenue ¥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 planRevenue fell short of the earnings forecast, while operating profit, profit before tax and interim profit exceeded the forecast.
Segment resultsConsolidated group Sales ¥16,252 million (YoY -3.1%) / EBITDA ¥1,191 million (YoY +28.2%) / Core Businesses Sales ¥15,525 million (YoY -4.1%) / EBITDA ¥1,089 million (YoY +15.7%) / Information Content Sales ¥1,735 million (YoY -7.7%) / EBITDA ¥426 million (YoY -9.6%) / Halmek merchandise business Sales ¥9,850 million (YoY -6.8%) / EBITDA ¥701 million (YoY +33.5%) / Kotose merchandise business Sales ¥3,239 million (YoY -4.7%) / EBITDA ¥-43 million / Community Sales ¥700 million (YoY +106.3%) / EBITDA ¥4 million / Corporate Business Sales ¥773 million (YoY +25.2%) / EBITDA ¥88 million (YoY +22.0%) / Advance-investment business Sales ¥125 million (YoY +54.3%) / EBITDA ¥-94 million
Breakdown of Factors Affecting the ChangeInformation Content -¥40 million / Halmek merchandise business +¥170 million / Kotose merchandise business Operating loss of ¥10 million / Community +¥20 million / Corporate Business +¥10 million / Advance-investment business ±¥0 million / Other +¥50 million
Key KPIsIndicator name Number of active customers / Value 124 10,000 people / Year on year against the same period last year -11.4 10,000 people, Indicator name Number of registered influencers / Value 144 people / Year on year against the same period last year Not disclosed, Indicator name Total followers / Value 500 More than 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Halmek magazine circulation / Value 41.6 10,000 copies / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 44.1 % / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber of Stores at Period-End 22 stores / Number of store openings and closures during the period Aiming to open 2 stores during the fiscal year
Medium-term management plan targetsRevenue Target value ¥40,000 million / Target fiscal year Fiscal year ending March 2029 / Operating profit Target value ¥2,500 million / Target fiscal year Fiscal year ending March 2029 / Operating profit margin Target value 7.5 % / Target fiscal year Fiscal year ending March 2029 / ROE Target value 16 % / Target fiscal year Fiscal year ending March 2029
Financial targetsROE Target value 16 % / Target fiscal year Fiscal year ending March 2029 / Actual value 12 % / Fiscal year of actual results Fiscal year ended March 2026 / Equity ratio Actual value 44.1 % / As of Second quarter of the fiscal year ending March 2027
Annual DividendAnnual 40 yen per share / Interim 20 yen per share / End of period 20 yen per share
Payout ratio36.8
Market Size / ShareHarumeku magazine for senior women Expected to maintain the No. 1 position among all domestic magazines / Active senior market share ¥7 trillion (FY2025) / Mail-order market size ¥15.4 trillion (FY2025)
New initiativesTransition HALMEK up from a subscription model to a merchandise and advertising model, Trial of new methods for acquiring magazine readers, including TV commercials, YouTube and TVer advertising, Addition of high-value-added, high-priced product lines under plus and Premium in ハルメク merchandising, Introduction of buyer consolidation, Expansion of new ハルメク merchandising stores, Bring Vogue Gakuen into the Group in May 2026
Items this document does not state (13)
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 sharesCapital expendituresOrders 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 factors behind the increase in profit were a reduction in loss-making sales in ハルメク merchandising, improved advertising efficiency and cost ratio, the acquisition of new corporate customers, and the addition of Vogue Gakuen to the group within the community business. The decline in revenue was attributable to the optimisation of advertising investment in ハルメク merchandising and the decrease in catalogue recipients for ことせ merchandising.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | halmek holdings Co.,Ltd. (7119) timely disclosure | Komori