Worth reading
61In 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
558
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,178 Millions of yen+9.9%
Operating profit315 Millions of yen-9.4%
Ordinary income295 Millions of yen-11.1%
Net income194 Millions of yen-12.5%
Gross Profit Margin51.8 %
Operating profit margin5.1 %
Full-year earnings forecast
Net Sales
12,500 Millions of yen
Operating profit
740 Millions of yen
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 Sales49.4 %
Operating profit42.6 %
Ordinary income41.5 %
Net income39.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Nearly achieved the initial earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Impact of higher costs due to the weaker yen56 Millions of yen
- Upfront spending on expenses related to the opening of Ligne Roset Umeda
- Depreciation and amortization associated with system renewal investments
- Provision for doubtful accounts due to deterioration in customers’ creditworthiness
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The cost outlook remains uncertain. The assumptions are based on strong sales, price revisions, new product launches and efforts to promote efficient operations, but the numerical assumptions are Not disclosedNew initiatives
- Launch of the Serta 95th anniversary model
- Launch of the KING KOIL “The Gift of Nature” series
- Launch of the RUF 100th anniversary model
- Rebranding of WATER WORLD
- Launch of the new bedding brand “recora”
- Opening of the Ligne Roset Umeda store
- Start of mattress exports to Hong Kong
- Expansion of sales of EC-only products
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio44.2 %
- Free cash flow295 Millions of yenYear on year against the same period last year+513.0%
- Shareholders3,563 people
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
Net Sales
13,500 Millions of yen
Operating profit
930 Millions of yen
ROE
11 %
Actual results
Fiscal yearFiscal year ended March 2026
Net Sales
12,174 Millions of yen
Operating profit
703 Millions of yen
ROE
10.3 %
Financial targets
ROE
Target11 %
Actual results10.3 %
Equity ratio
Actual results44.2 %
Capital expenditures
175 Million yen capital expenditures in cash flow from investing activities
Payout ratio
Total payout ratio of at least 40%Acquisition of treasury shares
¥60 million (maximum)
Number of Shares70 thousand shares (maximum)
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 6,178 Millions of yen (YoY +9.9%) |
| Operating profit | 315 Millions of yen (YoY -9.4%) |
| Ordinary income | 295 Millions of yen (YoY -11.1%) |
| Net income | 194 Millions of yen (YoY -12.5%) |
| Gross Profit Margin | 51.8 % |
| Operating profit margin | 5.1 % |
| Full-year earnings forecast | Net Sales 12,500 Millions of yen / Operating profit 740 Millions of yen |
| Progress against full-year forecast | Net Sales 49.4 % / Operating profit 42.6 % / Ordinary income 41.5 % / Net income 39.6 % |
| Self-assessment against the plan | Nearly achieved the initial earnings forecast |
| Breakdown of Factors Affecting the Change | Factors Impact of higher costs due to the weaker yen / Amount 56 Millions of yen, Factors Upfront spending on expenses related to the opening of Ligne Roset Umeda / Amount Not disclosed, Factors Depreciation and amortization associated with system renewal investments / Amount Not disclosed, Factors Provision for doubtful accounts due to deterioration in customers’ creditworthiness / Amount Not disclosed |
| Key KPIs | Indicator name Equity ratio / Value 44.2 % / Year on year against the same period last year Not disclosed, Indicator name Free cash flow / Value 295 Millions of yen / Year on year against the same period last year 513 Millions of yen, Indicator name Shareholders / Value 3,563 people / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | The cost outlook remains uncertain. The assumptions are based on strong sales, price revisions, new product launches and efforts to promote efficient operations, but the numerical assumptions are Not disclosed |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2029 / Net Sales 13,500 Millions of yen / Operating profit 930 Millions of yen / ROE 11 % / Actual results Fiscal year Fiscal year ended March 2026 / Net Sales 12,174 Millions of yen / Operating profit 703 Millions of yen / ROE 10.3 % |
| Financial targets | ROE Target 11 % / Actual results 10.3 % / Equity ratio Actual results 44.2 % |
| Payout ratio | Total payout ratio of at least 40% |
| Acquisition of treasury shares | Number of Shares 70 thousand shares (maximum) / Amount ¥60 million (maximum) / Period Not disclosed |
| Capital expenditures | 175 Million yen (capital expenditures in cash flow from investing activities) |
| New initiatives | Launch of the Serta 95th anniversary model, Launch of the KING KOIL “The Gift of Nature” series, Launch of the RUF 100th anniversary model, Rebranding of WATER WORLD, Launch of the new bedding brand “recora”, Opening of the Ligne Roset Umeda store, Start of mattress exports to Hong Kong, Expansion of sales of EC-only products |
Items this document does not state (11)
Selling, general and administrative expensesResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendOrders 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.Sales increased due to demand for new hotel installations and replacements, strong sales of KING KOIL products, the opening of the Shin-Yokohama Gallery and Ligne Roset Umeda stores, strong sales of peripheral furniture, EC sales campaigns and the start of exports overseas. On the earnings front, factors contributing to the decline included higher raw material costs due to the situation in the Middle East and the weaker yen, a higher proportion of sales to commercial facilities with lower gross margins, expenses related to the opening of Ligne Roset Umeda, depreciation associated with the system upgrade and the provision for doubtful accounts.
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.