Results for this period
Interim period (second quarter)1 October 2025–31 March 2026Non-consolidated (standalone)Japanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales declined due to a decrease in the number of new stores joining through the agency channel, a change in the acquisition strategy for the full usage-based plan, an increase in lower-priced corporate plans, and the migration of paying member stores to lower-priced plans. Operating income increased due to decreases in cost of sales and selling, general and administrative expenses, while interim net income declined due to an impairment loss of ¥7,400 thousand.
There is a description of matters relating to the going-concern assumption. The company has determined that circumstances exist that raise substantial doubt about the going-concern assumption, including a decline in the number of member stores and a decrease in net sales, but has determined that no material uncertainty exists. There are no applicable notes regarding the going-concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | ¥794 million (YoY -6.2%) |
| Operating profit | ¥20 million (YoY +9.2%) |
| Ordinary income | ¥15 million (YoY +5.8%) |
| Profit attributable to owners of the parent | ¥7 million (YoY -47.2%) |
| Net income per share | ¥0.49 |
| Equity ratio | End of the current fiscal period 35.9 / End of previous period 36 |
| Total assets | ¥955 million |
| Net assets | ¥346 million |
| Cash flows from operating activities | ¥7,214 thousand |
| Cash flows from investing activities | ¥-49,000 thousand |
| Cash flows from financing activities | ¥31,199 thousand |
| Cash and cash equivalents at end of period | ¥357,220 thousand |
| Full-year earnings forecast | Net Sales ¥1,603 million (YoY -1.7%) / Operating profit ¥47 million (YoY +141.5%) / Ordinary income ¥34 million (YoY +158.2%) / Net income ¥124 million (YoY +956.7%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Depreciation and amortization | ¥12,065 thousand |
| Impairment loss | ¥7,400 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥7,400 thousand |
| Disclosure regarding the going concern assumption | There is a description of matters relating to the going-concern assumption. The company has determined that circumstances exist that raise substantial doubt about the going-concern assumption, including a decline in the number of member stores and a decrease in net sales, but has determined that no material uncertainty exists. There are no applicable notes regarding the going-concern assumption. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | On 2 April 2026, the company plans to sell one unlisted security that it holds and record consideration of ¥92,325 thousand and a gain on the sale of investment securities of ¥92,324 thousand. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 14,981,674 |
| Treasury Shares at Period-End | 25,721 |
| Factors Behind Changes in Business Performance | Net sales declined due to a decrease in the number of new stores joining through the agency channel, a change in the acquisition strategy for the full usage-based plan, an increase in lower-priced corporate plans, and the migration of paying member stores to lower-priced plans. Operating income increased due to decreases in cost of sales and selling, general and administrative expenses, while interim net income declined due to an impairment loss of ¥7,400 thousand. |
Items this document does not state (9)
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 number of member stores declined despite the near-completion of store rationalization through specific agencies, due to a decrease in the number of new stores joining through the agency channel and a change in the acquisition strategy for the full usage-based plan. In addition, a temporary increase in lower-priced corporate plans and the migration of paying member stores to lower-priced plans restrained the increase in ARPU. Operating income increased due to decreases in cost of sales and selling, general and administrative expenses, while interim net income declined, primarily due to the recognition of ¥7 million in impairment losses.