Worth reading
60In focus
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
14.3
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales164,603Millions of yenYear on year +9.1%Progress 99.1%
Operating profit9,126Millions of yenYear on year +14.3%Progress 91.3%
Ordinary income9,313Millions of yenYear on year +9.1%Progress 92.4%
Net income attributable to owners of the parent6,112Millions of yenYear on year +42.7%
The 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.
Net income per share¥221.34
Operating Margin5.5％
Financial position at period-end
Total assets71,507Millions of yen
of which net assets 42,135 Millions of yenEquity ratio 58.9%vs. prior year-end +5.0pt
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.
Cash inflows and outflows
Operating+5,551
Investment-9,626
Financials+842
Net change-3,233
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period3,445 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales166,180 Millions of yen (YoY +1.0%)
Operating profit10,000 Millions of yen (YoY +9.6%)
Ordinary income10,083 Millions of yen (YoY +8.3%)
Profit attributable to owners of the parent6,175 Millions of yen (YoY +1.0%)
Annual Dividend Forecast¥89 → ¥92
Payout ratio40.2% (current fiscal year), 41.2% (forecast for next fiscal year)
Shareholder Return PolicyStable progressive dividends, with a target payout ratio of at least 40%. The company also plans to implement and consider share splits, share repurchases and the cancellation of treasury shares.
Factors Behind Changes in Business Performance
The recovery in personal consumption, capture of inbound demand, revisions to merchandise planning based on climate change, higher average selling prices and sophisticated pricing, expanded store openings, and increased member sales, among other factors.
Disclosure regarding the going concern assumption
None ("There are no applicable matters.")
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 株式会社コーエン
Material subsequent eventsThe company entered into an agreement to absorbively split and transfer to the consolidated subsidiary UNITED ARROWS LTD. all businesses other than group management and operations in order to transition to a holding company structure, with 1 October 2026 as the effective date. The company also resolved to repurchase up to 1 million shares of treasury stock, for a total acquisition cost of up to ¥2 billion.
Impairment loss713 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets 137 Millions of yen, Impairment Losses 713 Millions of yen, Head office relocation costs 70 Millions of yen, Loss on sale of shares of subsidiaries and affiliates 1,050 Millions of yen, Other 2 Millions of yen
Depreciation and amortization1,829 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End30,213,676
Treasury Shares at Period-End2,593,396
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 164,603 Millions of yen (YoY +9.1%) |
| Operating profit | 9,126 Millions of yen (YoY +14.3%) |
| Ordinary income | 9,313 Millions of yen (YoY +9.1%) |
| Profit attributable to owners of the parent | 6,112 Millions of yen (YoY +42.7%) |
| Net income per share | ¥221.34 |
| Operating Margin | 5.5％ |
| Equity ratio | End of the current fiscal period 58.9％ / End of previous period 53.9％ |
| Total assets | 71,507 Millions of yen |
| Net assets | 42,135 Millions of yen |
| Cash flows from operating activities | 5,551 Millions of yen |
| Cash flows from investing activities | -9,626 Millions of yen |
| Cash flows from financing activities | 842 Millions of yen |
| Cash and cash equivalents at end of period | 3,445 Millions of yen |
| Full-year earnings forecast | Net Sales 166,180 Millions of yen (YoY +1.0%) / Operating profit 10,000 Millions of yen (YoY +9.6%) / Ordinary income 10,083 Millions of yen (YoY +8.3%) / Profit attributable to owners of the parent 6,175 Millions of yen (YoY +1.0%) |
| Annual Dividend Forecast | ¥89 → ¥92 |
| Payout ratio | 40.2% (current fiscal year), 41.2% (forecast for next fiscal year) |
| Shareholder Return Policy | Stable progressive dividends, with a target payout ratio of at least 40%. The company also plans to implement and consider share splits, share repurchases and the cancellation of treasury shares. |
| Depreciation and amortization | 1,829 Millions of yen |
| Impairment loss | 713 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets 137 Millions of yen, Impairment Losses 713 Millions of yen, Head office relocation costs 70 Millions of yen, Loss on sale of shares of subsidiaries and affiliates 1,050 Millions of yen, Other 2 Millions of yen |
| Disclosure regarding the going concern assumption | None ("There are no applicable matters.") |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 株式会社コーエン |
| Material subsequent events | The company entered into an agreement to absorbively split and transfer to the consolidated subsidiary UNITED ARROWS LTD. all businesses other than group management and operations in order to transition to a holding company structure, with 1 October 2026 as the effective date. The company also resolved to repurchase up to 1 million shares of treasury stock, for a total acquisition cost of up to ¥2 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 30,213,676 |
| Treasury Shares at Period-End | 2,593,396 |
| Factors Behind Changes in Business Performance | The recovery in personal consumption, capture of inbound demand, revisions to merchandise planning based on climate change, higher average selling prices and sophisticated pricing, expanded store openings, and increased member sales, among other factors. |
Items this document does not state (5)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlog
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 recovery in personal consumption and capture of inbound demand, together with product policies reflecting climate change, higher average selling prices, sophisticated pricing, expanded store openings and an expanded membership base, contributed to the results. Net income was also affected by the tax deductibility of the share valuation loss and allowance for doubtful accounts related to 株式会社コーエン, which had been treated as nondeductible for tax purposes in prior fiscal years.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.