Worth reading
45Recurring
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
-64
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,003 million+5.3%
Operating profit¥139 million-31.5%
Ordinary income¥132 million-32.3%
Net income¥86 million-34.2%
Gross Profit Margin52.5 %
Operating profit margin4.6 %
Results for the three months of the current quarter
Net Sales
¥3,003 million
Operating profit
¥139 million
Ordinary income
¥132 million
Quarterly net income
¥86 million
Full-year earnings forecast
Net Sales
¥12,500 million
Operating profit
¥740 million
Ordinary income
¥710 million
Net income
¥490 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales
Against full-year forecast24 %
Against cumulative second-quarter results51.3 %
Operating profit
Against full-year forecast18.7 %
Against cumulative second-quarter results47.9 %
Ordinary income
Against full-year forecast18.5 %
Against cumulative second-quarter results48 %
Net income
Against full-year forecast17.5 %
Against cumulative second-quarter results43 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The cumulative results for the first half are expected to be in line with the initial forecast. The 佳ら久・はなをり campaign and the Ligne Roset Umeda store are performing above plan. Full-year results are expected to be in line with the initial plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Strong sales of KING KOIL products
- Opening of a new gallery in Shin-Yokohama
- Demand from new hotel openings and mattress replacements
- Strong sales at directly operated Ligne Roset stores
- OEM exports to Indonesia and Malaysia
- Rose Fair sale through e-commerce
- Upfront spending on new store opening-related expenses
- Higher Logistics Costs
- Human Capital Investment
- Depreciation and amortization associated with system renewal investments
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Risk of higher raw material costs due to the weaker yen and tensions in the Middle East
- Upfront investments, including new store opening-related expenses and system upgrades
- Higher logistics costs associated with increased revenue
- Increase in investment in human capital
- Execution of the growth strategy and the effects of new store openings in the second half
New initiatives
- Opening of the Ligne Roset Umeda store
- Mattress sales campaign with 佳ら久 and はなをり
- Launch in preparation for the start of exports to the Serta licensee in Malaysia
- System renewal investments
Key KPIsA metric the company considers important as a management benchmark.
- Ligne Roset Umeda store visitor count as a multiple of projections1.7 times
- Ligne Roset Umeda store revenue as a multiple of projections, including orders received2.7 times
Medium-term management plan targets
The growth strategy comprises deepening the existing business domains, exploring new growth business domains and enhancing corporate value. Numerical targets are not disclosed.Financial targets
Equity ratio
Actual results42.7 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥3,003 million (YoY +5.3%) |
| Operating profit | ¥139 million (YoY -31.5%) |
| Ordinary income | ¥132 million (YoY -32.3%) |
| Net income | ¥86 million (YoY -34.2%) |
| Gross Profit Margin | 52.5 % |
| Operating profit margin | 4.6 % |
| Results for the three months of the current quarter | Net Sales ¥3,003 million / Operating profit ¥139 million / Ordinary income ¥132 million / Quarterly net income ¥86 million |
| Full-year earnings forecast | Net Sales ¥12,500 million / Operating profit ¥740 million / Ordinary income ¥710 million / Net income ¥490 million |
| Progress against full-year forecast | Net Sales Against full-year forecast 24 % / Against cumulative second-quarter results 51.3 % / Operating profit Against full-year forecast 18.7 % / Against cumulative second-quarter results 47.9 % / Ordinary income Against full-year forecast 18.5 % / Against cumulative second-quarter results 48 % / Net income Against full-year forecast 17.5 % / Against cumulative second-quarter results 43 % |
| Self-assessment against the plan | The cumulative results for the first half are expected to be in line with the initial forecast. The 佳ら久・はなをり campaign and the Ligne Roset Umeda store are performing above plan. Full-year results are expected to be in line with the initial plan. |
| Breakdown of Factors Affecting the Change | Strong sales of KING KOIL products, Opening of a new gallery in Shin-Yokohama, Demand from new hotel openings and mattress replacements, Strong sales at directly operated Ligne Roset stores, OEM exports to Indonesia and Malaysia, Rose Fair sale through e-commerce, Upfront spending on new store opening-related expenses, Higher Logistics Costs, Human Capital Investment, Depreciation and amortization associated with system renewal investments |
| Key KPIs | Indicator name Ligne Roset Umeda store visitor count as a multiple of projections / Value 1.7 times / Year on year against the same period last year Not disclosed, Indicator name Ligne Roset Umeda store revenue as a multiple of projections, including orders received / Value 2.7 times / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Risk of higher raw material costs due to the weaker yen and tensions in the Middle East, Upfront investments, including new store opening-related expenses and system upgrades, Higher logistics costs associated with increased revenue, Increase in investment in human capital, Execution of the growth strategy and the effects of new store openings in the second half |
| Medium-term management plan targets | The growth strategy comprises deepening the existing business domains, exploring new growth business domains and enhancing corporate value. Numerical targets are not disclosed. |
| Financial targets | Equity ratio Actual results 42.7 % / Target Not disclosed |
| New initiatives | Opening of the Ligne Roset Umeda store, Mattress sales campaign with 佳ら久 and はなをり, Launch in preparation for the start of exports to the Serta licensee in Malaysia, System renewal investments |
Items this document does not state (13)
Selling, general and administrative expensesSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual 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.Profit declined due to upfront investments associated with new store openings, system investment-related expenses, higher logistics costs resulting from increased revenue, front-loaded promotional expenses and human capital investments aimed at improving employee compensation. In response to cost pressures from tensions in the Middle East and the weaker yen, the Company implemented cost reductions and price revisions and promoted sales of higher-value-added products.
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.