Worth reading
81Important
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
53.8
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending September 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,466 million+6.8%
Operating profit¥1,131 million+53.8%
Ordinary income¥1,088 million+56.9%
Net income¥647 million +40.9%interim net income attributable to owners of the parent
Gross Profit Margin34.3%
Operating profit margin9.9%
Selling, general and administrative expenses¥2,801 million
Full-year earnings forecast
Net Sales
¥23,000 million
Operating profit
¥1,800 million
Ordinary income
¥1,730 million
Profit attributable to owners of the parent
¥1,050 million
Earnings per share
¥81.43
Dividend per share
¥33
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half profit exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit, first half of FY9/25¥735 million
Impact of foreign-exchange movements¥-50 million
Higher costs from domestic suppliers¥-121 million
Increase in selling prices¥637 million
Decrease in sales volume¥-171 million
Selling, general and administrative expenses¥-11 million
Other¥112 million
Operating profit, first half of FY9/26¥1,131 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
First-half average spot exchange rate¥151.28/US$
Second-half exchange-rate outlookSignificantly weaker yen expected compared with the previous fiscal year
Percentage of imports hedged with forward exchange contractsApproximately 50%
New initiatives
- Planning and supply of ちいかわ merchandise exclusively for 50 Don Quijote Group stores
- Development of IP merchandise for the company’s e-commerce channel and high-priced products that are difficult to handle through B2B sales channels
- Strengthening planning and marketing to expand e-commerce sales
- Strengthening sales of Japan-origin IP products overseas
Key KPIsA metric the company considers important as a management benchmark.
Sales of in-house planned products
¥10,426 million+10.8%
In-house planned products as a percentage of sales
90.9 %
Percentage of employees involved in manufacturing
39.0%
International Business
2.5 times in 3 years
Quarterly operating profit reached a record highDisclosed
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Selling price
Increased
Sales volume
Decreased
National-brand product unit price
Trend shown as an index with the fiscal year ended September 2022 set at 100
Segment results
Sales by business format
General merchandise stores
¥756 million-6.7%
Variety stores
¥1,543 million+47.3%
Drugstores
¥969 million+3.9%
Wholesalers
¥735 million+2.7%
Discount stores
¥2,912 million+5.0%
Online Sales
¥1,155 million+12.8%
One-price stores
¥2,292 million+0.4%
Other
¥1,102 million-4.2%
Sales by Product Category
Cosmetics
¥4,736 million+14.5%
Cosmetic accessories
¥3,403 million+0.6%
Contact lens-related products
¥1,059 million-1.2%
Fashion accessories
¥1,634 million+12.4%
Other
¥633 million-8.1%
Number of employees
Changes during the period and hiring planContinued recruitment to strengthen the organizational structure
Annual Dividend
¥33 per share
Interim¥16.5
Payout ratio
Targeting approximately 40%
DOEShown in the graph (current forecast: 5.8%)
Acquisition of treasury shares
Amount under the acquisition limit¥761 million allocated for share repurchases
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥11,466 million (YoY +6.8%) |
| Operating profit | ¥1,131 million (YoY +53.8%) |
| Ordinary income | ¥1,088 million (YoY +56.9%) |
| Net income | ¥647 million (interim net income attributable to owners of the parent) (YoY +40.9%) |
| Gross Profit Margin | 34.3% |
| Operating profit margin | 9.9% |
| Selling, general and administrative expenses | ¥2,801 million |
| Full-year earnings forecast | Net Sales ¥23,000 million / Operating profit ¥1,800 million / Ordinary income ¥1,730 million / Profit attributable to owners of the parent ¥1,050 million / Earnings per share ¥81.43 / Dividend per share ¥33 |
| Self-assessment against the plan | First-half profit exceeded plan |
| Segment results | Sales by business format General merchandise stores ¥756 million (YoY -6.7%) / Variety stores ¥1,543 million (YoY +47.3%) / Drugstores ¥969 million (YoY +3.9%) / Wholesalers ¥735 million (YoY +2.7%) / Discount stores ¥2,912 million (YoY +5.0%) / Online Sales ¥1,155 million (YoY +12.8%) / One-price stores ¥2,292 million (YoY +0.4%) / Other ¥1,102 million (YoY -4.2%) / Sales by Product Category Cosmetics ¥4,736 million (YoY +14.5%) / Cosmetic accessories ¥3,403 million (YoY +0.6%) / Contact lens-related products ¥1,059 million (YoY -1.2%) / Fashion accessories ¥1,634 million (YoY +12.4%) / Other ¥633 million (YoY -8.1%) |
| Breakdown of Factors Affecting the Change | Operating profit, first half of FY9/25 ¥735 million / Impact of foreign-exchange movements ¥-50 million / Higher costs from domestic suppliers ¥-121 million / Increase in selling prices ¥637 million / Decrease in sales volume ¥-171 million / Selling, general and administrative expenses ¥-11 million / Other ¥112 million / Operating profit, first half of FY9/26 ¥1,131 million |
| Key KPIs | Sales of in-house planned products ¥10,426 million (YoY +10.8%) / In-house planned products as a percentage of sales 90.9 % / Percentage of employees involved in manufacturing 39.0% / Sales through the company’s e-commerce channel Not disclosed / International Business 2.5 times in 3 years / Quarterly operating profit reached a record high Disclosed |
| Unit price and quantity metrics | Selling price Increased / Sales volume Decreased / National-brand product unit price Trend shown as an index with the fiscal year ended September 2022 set at 100 |
| Number of employees | Number of Employees Not disclosed / Changes during the period and hiring plan Continued recruitment to strengthen the organizational structure |
| Assumptions Underlying the Business Outlook | First-half average spot exchange rate ¥151.28/US$ / Second-half exchange-rate outlook Significantly weaker yen expected compared with the previous fiscal year / Percentage of imports hedged with forward exchange contracts Approximately 50% |
| Annual Dividend | ¥33 per share |
| Payout ratio | Targeting approximately 40% |
| Acquisition of treasury shares | Amount under the acquisition limit ¥761 million allocated for share repurchases / Number of Shares Not disclosed / Period Not disclosed |
| New initiatives | Planning and supply of ちいかわ merchandise exclusively for 50 Don Quijote Group stores, Development of IP merchandise for the company’s e-commerce channel and high-priced products that are difficult to handle through B2B sales channels, Strengthening planning and marketing to expand e-commerce sales, Strengthening sales of Japan-origin IP products overseas |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital 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 growth was driven by increased sales of high-margin national-brand and private-label products, a higher mix of high-value-added products, higher selling prices for in-house planned products, increased brand value of 粧美堂, concentration of internal resources on product development, and a greater contribution from ピコモンテ・ジャパン to consolidated results. The impact of the weaker yen and higher raw material prices was absorbed through measures including higher selling prices. Meanwhile, sales promotion expenses, advertising expenses, logistics costs, and personnel expenses increased.
How to read this page
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