Worth reading
66In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-1612
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,420 million-18.0%
Operating profit¥-204 million
Ordinary income¥-227 million
Net income¥-269 million
Gross Profit Margin30.6
Operating profit margin-2.8
Selling, general and administrative expenses¥2,478 million
Full-year earnings forecast
Company-wide revenue
¥7,992 million
NB
¥4,863 million
DTC
¥3,027 million
Operating profit
¥153 million
Operating profit margin
1.9 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Nearly all planned initiatives were implemented. Company-wide revenue ended the year down year on year, as initially planned.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- NB revenue¥-2,470 million
- DTC revenue¥542 million
- Variable costs¥-133 million
- Strategic Investment¥-84 million
- Other fixed costs¥116 million
New initiatives
- Launch of new DTC premium food products
- Start of sales of DTC therapeutic diets and pharmaceuticals through veterinary hospitals
- Expansion of products eligible for the NB subscription service
- Strengthening sales efforts for outsourced social media operations for pet media
- Strengthening PMI for DogHuggy
- Continued consideration of M&A
- Developing the market for pet-related experiences and services
Key KPIsA metric the company considers important as a management benchmark.
- DTC revenue¥2,492 millionYear on year against the same period last year+128.0%
- DTC revenue mix34 %Year-on-year change (points)13
- Number of stores carrying DTC brands1,284 Location
- Number of products59 SKU
- Number of participating animal welfare organizations41 Organization
- FLAFFY followers23 10,000 people or more
- Event attendeesMore than 100,000, more than 70,000, more than 70,000
Segment results
Pet Commerce Business
Net Sales
¥7,126 million-21.0%
Segment profit
¥99 million-83.0%
Pet Media Business
Net Sales
¥291 million
Segment profit
¥57 million
Financial targets
A 32.0% equity ratio is stated as the actual result at the end of March 2026, but the target value is not disclosed.Market Size / Share
- Domestic pet-related market size¥19,257 100 million 2025 forecast
- Pet food and supplies market size¥10,753 100 million 2025 forecast
- Pet health market size¥2,688 100 million estimate
Number of stores and locations
Number at period-end1,284 stores carrying DTC brands
Number of store openings and closures during the periodIncreased by 124 stores. New openings of DTC-focused stores were canceled.
Number of employees
Number of Employees56 People
As ofEnd of March 2026
Capital expenditures
¥9 millions research and development expenses
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥7,420 million (YoY -18.0%) |
| Operating profit | ¥-204 million |
| Ordinary income | ¥-227 million |
| Net income | ¥-269 million |
| Gross Profit Margin | 30.6 |
| Operating profit margin | -2.8 |
| Selling, general and administrative expenses | ¥2,478 million |
| Full-year earnings forecast | Company-wide revenue ¥7,992 million / NB ¥4,863 million / DTC ¥3,027 million / Operating profit ¥153 million / Operating profit margin 1.9 % |
| Self-assessment against the plan | Nearly all planned initiatives were implemented. Company-wide revenue ended the year down year on year, as initially planned. |
| Segment results | Pet Commerce Business Net Sales ¥7,126 million (YoY -21.0%) / Segment profit ¥99 million (YoY -83.0%) / Pet Media Business Net Sales ¥291 million / Segment profit ¥57 million |
| Breakdown of Factors Affecting the Change | Factors NB revenue / Amount ¥-2,470 million, Factors DTC revenue / Amount ¥542 million, Factors Variable costs / Amount ¥-133 million, Factors Strategic Investment / Amount ¥-84 million, Factors Other fixed costs / Amount ¥116 million |
| Key KPIs | Indicator name DTC revenue / Value ¥2,492 million / Year on year against the same period last year ¥128 million, Indicator name DTC revenue mix / Value 34 % / Year-on-year change (points) 13 %, Indicator name Number of stores carrying DTC brands / Value 1,284 Location / Year on year against the same period last year Not disclosed, Indicator name Number of products / Value 59 SKU / Year on year against the same period last year Not disclosed, Indicator name Number of participating animal welfare organizations / Value 41 Organization / Year on year against the same period last year Not disclosed, Indicator name FLAFFY followers / Value 23 10,000 people or more / Year on year against the same period last year Not disclosed, Indicator name Event attendees / Value More than 100,000, more than 70,000, more than 70,000 / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 1,284 stores carrying DTC brands / Number of store openings and closures during the period Increased by 124 stores. New openings of DTC-focused stores were canceled. |
| Number of employees | Number of Employees 56 People / As of End of March 2026 |
| Financial targets | A 32.0% equity ratio is stated as the actual result at the end of March 2026, but the target value is not disclosed. |
| Capital expenditures | ¥9 millions (research and development expenses) |
| Market Size / Share | Indicator Domestic pet-related market size / Value ¥19,257 100 million (2025 forecast), Indicator Pet food and supplies market size / Value ¥10,753 100 million (2025 forecast), Indicator Pet health market size / Value ¥2,688 100 million (estimate) |
| New initiatives | Launch of new DTC premium food products, Start of sales of DTC therapeutic diets and pharmaceuticals through veterinary hospitals, Expansion of products eligible for the NB subscription service, Strengthening sales efforts for outsourced social media operations for pet media, Strengthening PMI for DogHuggy, Continued consideration of M&A, Developing the market for pet-related experiences and services |
Items this document does not state (11)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition 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 primary factor was the decline in NB revenue following changes in the distribution structure for Royal Canin therapeutic diets. DTC grew through the "DTC shift," but could not offset the decline in NB, resulting in lower revenue and an operating loss.
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.