Worth reading
57In 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
500
¥ million (full-year revenue forecast revision)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportInterim period of the fiscal year ending August 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales14,845 million yen+109.9%
Operating profit3,166 million yen+116.2%
Ordinary income3,249 million yen+111.3%
Net income2,117 million yen+107.7%
Gross Profit Margin39.7%
Operating profit margin21.3%
Selling, general and administrative expenses2,727 million yen
Results for the three months of the current quarter
Net Sales
6,879 million yen+107.4%
Operating profit
1,340 million yen+113.6%
Operating profit margin19.5%
Full-year earnings forecast
Net Sales
30,000 million yen
Gross profit
12,025 million yen
Operating profit
6,300 million yen
Ordinary income
6,450 million yen
Net income
4,288 million yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Also achieved the first-half planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue by product category
Eco Products489
Lifestyle Products921
Wellness Products-26
Design and Other-48
Selling, general and administrative expenses
Personnel Expenses125
Shipping and sales commissions36
Advertising expenses19
One-off gains and losses in the second half
Expenses associated with the launch of the new system-14
M&A-Related Costs-76
Gain on sale of securities90
Insurance proceeds31
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Forward foreign exchange contracts26% of planned purchases of easy-order products for the second half, at ¥138
New initiatives
- Stabilizing profit margins through forward foreign exchange contracts
- Strengthening price negotiations with overseas suppliers in local currencies
- Thorough implementation of production in optimal locations
- Launch of the new system
- Increasing staffing in growth areas such as entertainment (IP)
Key KPIsA metric the company considers important as a management benchmark.
E-commerce revenue
4,492 million yen+121.1%
E-commerce revenue mix30.3% (up 2.8 percentage points year on year)
BtoB site revenue
2,415 million yen+111.7%
DtoC site revenue
2,076 million yen+134.3%
Segment results
Eco Products
Net Sales6,092 million yen
Year on year against the same period last year+108.7%
Lifestyle Products
Net Sales7,782 million yen
Year on year against the same period last year+113.4%
Wellness Products
Net Sales818 million yen
Year on year against the same period last year+96.9%
Design and Other
Net Sales151 million yen
Year on year against the same period last year+75.7%
Number of employees
New graduate employees47
Annual Dividend
¥31 per share
Payout ratio
At least 40%; DOE floor of 7.0%| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Interim period of the fiscal year ending August 2026 |
| Net Sales | 14,845 million yen (YoY +109.9%) |
| Operating profit | 3,166 million yen (YoY +116.2%) |
| Ordinary income | 3,249 million yen (YoY +111.3%) |
| Net income | 2,117 million yen (YoY +107.7%) |
| Gross Profit Margin | 39.7% |
| Operating profit margin | 21.3% |
| Selling, general and administrative expenses | 2,727 million yen |
| Results for the three months of the current quarter | Net Sales 6,879 million yen (YoY +107.4%) / Operating profit 1,340 million yen (YoY +113.6%) / Operating profit margin 19.5% |
| Full-year earnings forecast | Net Sales 30,000 million yen / Gross profit 12,025 million yen / Operating profit 6,300 million yen / Ordinary income 6,450 million yen / Net income 4,288 million yen |
| Self-assessment against the plan | Also achieved the first-half plan |
| Segment results | Eco Products Net Sales 6,092 million yen / yoy_pct 108.7 million yen / Lifestyle Products Net Sales 7,782 million yen / yoy_pct 113.4 million yen / Wellness Products Net Sales 818 million yen / yoy_pct 96.9 million yen / Design and Other Net Sales 151 million yen / yoy_pct 75.7 million yen |
| Breakdown of Factors Affecting the Change | Revenue by product category Eco Products 489 / Lifestyle Products 921 / Wellness Products -26 / Design and Other -48 / Selling, general and administrative expenses Personnel Expenses 125 / Shipping and sales commissions 36 / Advertising expenses 19 / One-off gains and losses in the second half Expenses associated with the launch of the new system -14 / M&A-Related Costs -76 / Gain on sale of securities 90 / Insurance proceeds 31 |
| Key KPIs | E-commerce revenue 4,492 million yen (YoY +121.1%) / E-commerce revenue mix 30.3% (up 2.8 percentage points year on year) / BtoB site revenue 2,415 million yen (YoY +111.7%) / DtoC site revenue 2,076 million yen (YoY +134.3%) |
| Number of employees | New graduate employees 47 |
| Assumptions Underlying the Business Outlook | Forward foreign exchange contracts 26% of planned purchases of easy-order products for the second half, at ¥138 |
| Annual Dividend | ¥31 per share |
| Payout ratio | At least 40%; DOE floor of 7.0% |
| New initiatives | Stabilizing profit margins through forward foreign exchange contracts, Strengthening price negotiations with overseas suppliers in local currencies, Thorough implementation of production in optimal locations, Launch of the new system, Increasing staffing in growth areas such as entertainment (IP) |
Items this document does not state (11)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition 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.During the interim period, revenue growth was driven by expanding demand for entertainment (IP) and fan activities, the acquisition of large projects, and higher e-commerce sales. Profit margins improved as a result of strong sales on the DtoC site, which has relatively high margins. Assuming no change to the second-half forecast, the full-year forecast was revised upward to reflect one-off gains and losses, including M&A-related expenses, new system expenses, gains on the sale of securities, and insurance proceeds.
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