Worth reading
55In 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
-604
¥ million (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending January 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,327 million+2.3%
Operating profit¥1,066 million-36.2%
Ordinary income¥1,187 million-25.2%
Net income¥688 million-31.0%
Selling, general and administrative expenses¥13,118 million
Gross Profit Margin
Rate60.8%
Year-on-year change (points)-0.7
Operating profit margin
Rate4.6%
Year-on-year change (points)-2.7
Results for the three months of the current quarter
Fourth quarter of the fiscal year ended January 2026
Net Sales
¥6,511 million+1.5%
Operating profit
¥311 million-42.9%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending January 2027
Net Sales
¥24,661 million
Operating profit
¥1,504 million
Ordinary income
¥1,496 million
Net income for the current fiscal year
¥881 million
Earnings per share
¥46.15
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Full-year forecast not achievedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- ダブルエー standalone net sales+¥790 million
- 卑弥呼 net sales+¥510 million
- ダブルエー standalone operating profit-¥480 million
- 卑弥呼 operating profit-¥40 million
- Women's footwear segment net sales-¥116 million
- Women's apparel segment net sales+¥643 million
- Women's footwear segment profit-¥393 million
- Women's apparel segment profit-¥180 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rate160 Yen/Dollar
- Sensitivity to the US dollar exchange rateOperating profit of approximately ¥40 million–¥50 million
New initiatives
- Patent acquisition for “Instant Fit” and launch of TV commercials
- Strengthening the development of sneakers and functional products
- Strategic opening of new stores in regions where the Company has no existing stores
- Continuation of online-exclusive products and influencer collaboration products
- Diversification of production bases and procurement sources
- Return to profitability at 31 Sons de mode from the fiscal year ending January 2027
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated e-commerce ratio28.8 %Year on year against the same period last yearUp from 25.9% year on year
- Average year-on-year change in monthly net sales of ダブルエー standalone105 %
- Year-on-year change in other net sales in December of the fiscal year ended January 2026203 %Year on year against the same period last yearYear on year
- Number of stores (physical stores + e-commerce stores, including overseas stores and excluding Taiwan)242 storesYear on year against the same period last yearUp from 229 stores
- Equity ratio82.2 %Year on year against the same period last year+0.4pt
Segment results
- Planning and sale of women's footwearNet Sales¥20,347 million (YoY -0.6%)Segment profit¥3,093 million (YoY -11.3%)
- Planning and sale of women's apparelNet Sales¥2,979 million (YoY +27.5%)Segment profit¥-94 million
Medium-term management plan targets
Target fiscal yearFiscal year ending January 2026
Net Sales
Target¥26.0 billion
Actual results¥23.32 billion
Target achievement rate90.0%
Operating profit
Target¥4 billion
Actual results¥1.06 billion
Financial targets
Equity ratio
Actual results82.2 %
Number of stores and locations
End of period
ダブルエー standalone158 Location
Himiko59 Location
Overseas expansion25 Location
Store openings and closures during the period
ダブルエー standalone28 stores opened, 12 stores closed, net increase of 16 stores
Himiko3 stores opened, 6 stores closed, net decrease of 3 stores
Overseas expansion1 store opened, 1 store closed, net change of 0 stores
Annual Dividend
Fiscal year ending January 2026
Annual¥17 per share
Interim¥8.5 per share
End of period¥8.5 per share
Forecast for the fiscal year ending January 2027
Annual¥17 per share
Interim¥8.5 per share
End of period¥8.5 per share
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending January 2026 |
| Net Sales | ¥23,327 million (YoY +2.3%) |
| Operating profit | ¥1,066 million (YoY -36.2%) |
| Ordinary income | ¥1,187 million (YoY -25.2%) |
| Net income | ¥688 million (YoY -31.0%) |
| Gross Profit Margin | Rate 60.8% / Year-on-year change (points) -0.7 |
| Operating profit margin | Rate 4.6% / Year-on-year change (points) -2.7 |
| Selling, general and administrative expenses | ¥13,118 million |
| Results for the three months of the current quarter | Subject Fourth quarter of the fiscal year ended January 2026 / Net Sales ¥6,511 million (YoY +1.5%) / Operating profit ¥311 million (YoY -42.9%) |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending January 2027 / Net Sales ¥24,661 million / Operating profit ¥1,504 million / Ordinary income ¥1,496 million / Net income for the current fiscal year ¥881 million / Earnings per share ¥46.15 |
| Self-assessment against the plan | Full-year forecast not achieved |
| Segment results | Segment Planning and sale of women's footwear / Net Sales ¥20,347 million (YoY -0.6%) / Segment profit ¥3,093 million (YoY -11.3%), Segment Planning and sale of women's apparel / Net Sales ¥2,979 million (YoY +27.5%) / Segment profit ¥-94 million |
| Breakdown of Factors Affecting the Change | Factors ダブルエー standalone net sales / Amount +¥790 million, Factors 卑弥呼 net sales / Amount +¥510 million, Factors ダブルエー standalone operating profit / Amount -¥480 million, Factors 卑弥呼 operating profit / Amount -¥40 million, Factors Women's footwear segment net sales / Amount -¥116 million, Factors Women's apparel segment net sales / Amount +¥643 million, Factors Women's footwear segment profit / Amount -¥393 million, Factors Women's apparel segment profit / Amount -¥180 million |
| Key KPIs | Indicator name Consolidated e-commerce ratio / Value 28.8 % / Year on year against the same period last year Up from 25.9% year on year, Indicator name Average year-on-year change in monthly net sales of ダブルエー standalone / Value 105 % / Year on year against the same period last year Not disclosed, Indicator name Year-on-year change in other net sales in December of the fiscal year ended January 2026 / Value 203 % / Year on year against the same period last year Year on year, Indicator name Number of stores (physical stores + e-commerce stores, including overseas stores and excluding Taiwan) / Value 242 stores / Year on year against the same period last year Up from 229 stores, Indicator name Equity ratio / Value 82.2 % / Year on year against the same period last year +0.4pt |
| Number of stores and locations | End of period ダブルエー standalone 158 Location / Himiko 59 Location / Overseas expansion 25 Location / Store openings and closures during the period ダブルエー standalone 28 stores opened, 12 stores closed, net increase of 16 stores / Himiko 3 stores opened, 6 stores closed, net decrease of 3 stores / Overseas expansion 1 store opened, 1 store closed, net change of 0 stores |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Value 160 Yen/Dollar, Item Sensitivity to the US dollar exchange rate / Value Operating profit of approximately ¥40 million–¥50 million |
| Medium-term management plan targets | Target fiscal year Fiscal year ending January 2026 / Net Sales Target ¥26.0 billion / Actual results ¥23.32 billion / Target achievement rate 90.0% / Operating profit Target ¥4 billion / Actual results ¥1.06 billion |
| Financial targets | Equity ratio Actual results 82.2 % / Target Not disclosed |
| Annual Dividend | Fiscal year ending January 2026 Annual ¥17 per share / Interim ¥8.5 per share / End of period ¥8.5 per share / Forecast for the fiscal year ending January 2027 Annual ¥17 per share / Interim ¥8.5 per share / End of period ¥8.5 per share |
| New initiatives | Patent acquisition for “Instant Fit” and launch of TV commercials, Strengthening the development of sneakers and functional products, Strategic opening of new stores in regions where the Company has no existing stores, Continuation of online-exclusive products and influencer collaboration products, Diversification of production bases and procurement sources, Return to profitability at 31 Sons de mode from the fiscal year ending January 2027 |
Items this document does not state (10)
Progress against full-year forecastUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookPayout 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.Higher procurement costs resulting from the depreciation of the yen and US dollar against the Chinese yuan, rising personnel expenses, store remodeling and consolidation costs, losses at 31 Sons de mode acquired through a business transfer, and deteriorating market conditions in Hong Kong.
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.