Worth reading
46Recurring
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
58.7
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationQ3 FY20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,994 million+7.3%
Operating profit¥707 million+58.7%
Net income¥382 million+57.6%
Gross Profit Margin40.8%
Operating profit margin14.2%
Full-year earnings forecast
Revenue
¥6,481 million
Gross profit
¥2,247 million
Operating profit
¥454 million
Profit for the period
¥239 million
Gross Profit Margin
34.7%
Operating profit margin
7.0%
Net profit margin
3.7%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue
Increase in total photo wedding revenue¥317 million
Increase in total anniversary photography revenue¥25 million
Other¥-2 million
Operating profit
Increase in revenue¥340 million
Decrease in personnel expenses¥14 million
Decline in Depreciation Expense¥11 million
Increase in Advertising Expenses¥-52 million
Other changes¥-50 million
New initiatives
- Wholly owned subsidiary acquisition of 株式会社エミュ and 株式会社エミュLab
- Opening new stores under スタジオエミュ
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of photo wedding shootsAbove the year-earlier period (figure Not disclosed)
Per-shoot pricingAbove the year-earlier period (figure Not disclosed)
Segment results
- Photo Wedding ServicesYear-on-year change in revenue+7.2%Change in amount317
- Anniversary Photo ServicesYear-on-year change in revenue+10.8%Change in amount25
- OtherChange in amount-2
Number of employees
449 people
Breakdown152 photographers, 186 makeup artists
Record dateEnd of June 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥4,994 million (YoY +7.3%) |
| Operating profit | ¥707 million (YoY +58.7%) |
| Net income | ¥382 million (YoY +57.6%) |
| Gross Profit Margin | 40.8% |
| Operating profit margin | 14.2% |
| Full-year earnings forecast | Revenue ¥6,481 million / Gross profit ¥2,247 million / Operating profit ¥454 million / Profit for the period ¥239 million / Gross Profit Margin 34.7% / Operating profit margin 7.0% / Net profit margin 3.7% |
| Segment results | Segment Photo Wedding Services / Year-on-year change in revenue +7.2% / Change in amount ¥317 million, Segment Anniversary Photo Services / Year-on-year change in revenue +10.8% / Change in amount ¥25 million, Segment Other / Change in amount ¥-2 million |
| Breakdown of Factors Affecting the Change | Revenue Increase in total photo wedding revenue ¥317 million / Increase in total anniversary photography revenue ¥25 million / Other ¥-2 million / Operating profit Increase in revenue ¥340 million / Decrease in personnel expenses ¥14 million / Decline in Depreciation Expense ¥11 million / Increase in Advertising Expenses ¥-52 million / Other changes ¥-50 million |
| Unit price and quantity metrics | Number of photo wedding shoots Above the year-earlier period (figure Not disclosed) / Per-shoot pricing Above the year-earlier period (figure Not disclosed) |
| Number of employees | 449 people |
| New initiatives | Wholly owned subsidiary acquisition of 株式会社エミュ and 株式会社エミュLab, Opening new stores under スタジオエミュ |
Items this document does not state (18)
Ordinary incomeSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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.Photo wedding shooting volumes and per-shoot pricing exceeded the year-earlier period, and Anniversary Photo also reported higher revenue. In addition to the increase in revenue, cost controls, including the closure of unprofitable stores and improvements to staffing structures, lifted profit margins. The reasons cited for leaving the full-year forecast unchanged were higher customer acquisition costs, costs related to making 株式会社エミュ and 株式会社エミュLab wholly owned subsidiaries, initial costs for opening new stores, and the impact of extreme heat in the fourth quarter.
How to read this page
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